In addition to creating a legal relationship between parties, an agreement is further used as a means to regulate the exchange of rights and obligations of each party involved. An agreement is to be carried out properly, fairly and in proportion to the arrangements agreed upon by the parties. However, in practice, the exchange of…
The joining of Alta Mahandara at ADCO Law as a Partner at the close of the third quarter at the end of last year turned out to successfully bring ADCO Law to various achievements, one of which is positioning the firm in the January-February 2023 edition of the Asian Legal Business (ALB) spotlight, where Alta…
Arbitration as an Alternative Dispute Resolution in Indonesia The vast and rapid technological developments have impacted the world’s commercial landscape. As a result, corporations need more time-efficient, more neutral and less complicated dispute resolution alternatives. One globally used alternative is arbitration, which is frequently preferred due to its international recognition feature and an arbitral award…
A. Executive summary The Financial Services Authority (OJK) on December 28, 2022, issued the Financial Services Authority Regulation Number 28 of 2022 (POJK 28/2022) stipulating: guidelines on how a company shall carry out Digital Insurance Brokerage Services ; human resources and core competencies required to do so; and activities which may be outsourced to other…
The challenges faced by the Indonesian banking and financial sector are growing, broadening, and becoming more dynamic. During the 2023 Financial Services Industry Annual Meeting, The President of the Republic of Indonesia, Joko Widodo, emphasized the need for caution in regulating and overseeing this sector to avoid upheaval. The President stated that macro and micro…
A presidential instruction was recently issued to implement the Halal Certification requirement for all pharmaceutical products, biological products, and medical devices circulating in Indonesia. Thailand exporters should take note of this mandatory certification, as it constitutes a new procedure for exporting to the Indonesian market. A. Overview President Joko Widodo issued Presidential Regulation No. 6…
Aditya Kesha Wijayanto has officially joined ADCO Law, a Proud Member of Alliott Global Alliance, as a Senior Partner leading the Banking and Finance Practice Area, effective on Wednesday, 1 February 2023. Kesha was a Partner at a number of renowned law firms in Jakarta, Indonesia, before joining ADCO Law. His presence at ADCO Law,…
After approximately 60 (sixty) years, a new criminal law code was finally promulgated in Law Number 1 of 2023 (“New Criminal Code”) on January 2, 2023. Compared to the previous criminal law code inherited from the old Dutch-colonial era, the New Criminal Code has added many new criminal law provisions, one of which is crimes…
Alliott Global Alliance (‘AGA’), one of the largest and fastest-growing global multidisciplinary alliances with 215 member firms in 95 countries, can now offer legal services to clients in Indonesia through its new law firm member, ADCO Law. Founded in 2008 in Jakarta, ADCO Law offers a wide range of integrated legal services, including corporate and…
Visum is a term that is often used in the medical world, but it is also closely related to legal matters because visum is often required as a means of evidence in the criminal justice process i.e., the process of investigating a crime of violence or murder. This article will further discuss the regulation, function…