Understanding Insurance: A Comprehensive Overview
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Understanding Insurance: A Comprehensive Overview

What is Insurance? In general, insurance is a contractual arrangement between an individual or entity (the insured) and an insurance company (the insurer), whereby the insured pays a premium in exchange for financial protection against specified risks. Similarly, in Indonesia, Law Number 40 of 2014 concerning Insurance defines insurance as an agreement between an insurance…

ADCO Law’s Senior Partner, Alexandra Gerungan, Speaks at the Legal Plus Event at their 9th Annual International Arbitration & Corporate Crime Summit
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ADCO Law’s Senior Partner, Alexandra Gerungan, Speaks at the Legal Plus Event at their 9th Annual International Arbitration & Corporate Crime Summit

Jakarta, Indonesia – ADCO Law, a leading law firm, proudly announces that Alexandra Gerungan, the Senior Partner, was invited to speak at the Legal Plus Event at their 9th Annual International Arbitration & Corporate Crime Summit. Legal Plus, a renowned global event specialist who creates and manages annual summits, forums, and seminars throughout Asia, the…

ADCO Law was invited to the Workshop on Dispute Management for PT PLN Indonesia Power
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ADCO Law was invited to the Workshop on Dispute Management for PT PLN Indonesia Power

PT PLN Indonesia Power recently hosted a specialized training program on Dispute Management, aiming to provide companies with knowledge on how to prevent disputes from becoming an issue  for companies, especially those engaged in the Electricity and Mining sectors. ADCO Law, represented by our Senior Partner, Alexandra Gerungan, was invited to share her expertise during…

Handling Employee Fraud:101
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Handling Employee Fraud:101

What is Employee Fraud? From a company perspective, employee fraud is commonly understood as a deliberate fabrication, which causes the victim (the employer) to suffer economic loss while allowing the perpetrator (the employee) to gain an illegitimate benefit. Common examples of employee fraud range from misappropriation of assets (e.g., stealing inventory, or obtaining fraudulent payments)…

Types of Employment Contracts
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Types of Employment Contracts

What is an Employment Contract? Government Regulation No. 35 of 2021 concerning Work Agreements for Specific Time, Outsourcing, Working Time and Rest Time, and Termination of Employment Relations (“GR 35/2021”) defines an employment contract or work agreement as an agreement between employees and employers which contains work conditions, rights and obligations of the parties. Law…

Religious Holiday Allowance in Indonesia
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Religious Holiday Allowance in Indonesia

What is Religious Holiday Allowance? Religious Holiday Allowance or Tunjangan Hari Raya (“THR”) is a mandatory non-wage income or employee’s income outside of the basic wages that must be paid by the company to employees ahead of religious holidays. THR is given by the company to employees in accordance with their respective religious holidays. Eligibility…

Alexandra Gerungan:  Integrity Beyond Identity
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Alexandra Gerungan: Integrity Beyond Identity

“The most valuable lessons in life cannot be taught; they must be experienced.” A sensible statement that sums up Alexandra Gerungan‘s life journey. Her present accomplishments, including her role as a Senior Partner at the renowned Indonesian law firm, ADCO Law, as well as her roles as a wife, mother, and daughter, have taught Alex…

Vessel Seizure Execution in Indonesian Law
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Vessel Seizure Execution in Indonesian Law

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…

Enforcement of International Arbitral Award in Indonesia
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Enforcement of International Arbitral Award in Indonesia

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…

Digital Broking: Everything Everywhere All at Once
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Digital Broking: Everything Everywhere All at Once

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…