Addendum is a document commonly used in business activities of a company cooperating with other companies in carrying out a transaction. However, addendum is often misunderstood both in its meaning and in its application, so business actors need a fundamental and in-depth understanding of addendum. Let’s see through this article. A. Definition of Addendum Addendum…
The International Monetary Fund (“IMF”) report predicts that the prospect of global economic growth in 2023 is only 2.3%, providing a projection of the chasm of crisis and recession in sight. In its 2022 World Economic Outlook (“WEO”) report, the IMF is also concerned about the deteriorating outlook for the global economy and that inflation…
International Law is a term that is often encountered by academics and writers of international journals. In general, there are still many people in the world, especially in Indonesia who do not understand the theory, application, and various types of International Law. Many experts have discussed and explained the development and improvement of International Law…
An offence is a term or thing that is still not fully understood by the public. In the theory of Criminal Law, the offence is another term for a criminal act, namely an act that is prohibited to be carried out by a person or group and if it is carried out it will get…
Terminologically, guarantees are divided into two i.e., general guarantees and special guarantees. General guarantees are regulated in Article 1131 of the Indonesian Civil Code, which stipulates that: “All objects of the debtor, both movable and immovable, both existing and those that will exist in the future, are borne by all individual engagements.” Based on this,…
ADCOTalks – 2023: Thinking Outside Pandora’s Box stems from the firm’s awareness of the 2023 Global Recession, which is the result of a massive-impact war between Russia and Ukraine. The global recession not only destabilizes currencies, which leads to corporate actions such as mergers and acquisitions (M&A) as part of its impact at the micro…
“The best way to predict our future is to create it.” That is the most suitable quote to describe Alta Mahandara. Born in 1988, since his childhood this man has manifested his parents’ message not to rely on others and build his brilliant career. “My parents did not ask me in detail to pursue a…
Sanctions are a form of consequence of the actions of a person or group that violates the rules made either based on the agreement of the parties or the law that applies to the community. Basically, sanctions can be imposed if there are rules that apply so that people must obey them, and if they…
ADCO Law has welcomed Alexandra Gerungan as a Partner to lead the Litigation & Alternative Dispute Resolution practice group, effective on Monday, October 31, 2022. Alex, as she is better known, was previously a Partner at a prominent Indonesian law firm where she was engaged in a wide range of dispute resolution cases. Alex will…
In October 2021, Presidential Regulation Number 98/2021 on the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution Targets and Controlling Greenhouse Gas Emissions in National Development (“PR 98/2021”) was officially signed by President Joko Widodo. PR 98/2021 regulates the carbon market which is believed to be able to support the achievement of the…