Indonesia has strengthened its arbitration framework with Supreme Court Regulation No. 3 of 2023, or PERMA 3/2023. This is a response to the need for efficient dispute resolution in today’s rapidly evolving commercial landscape. PERMA 3/2023 expands the jurisdiction for enforcing international arbitral awards, clarifies the definition of “public policy,” and facilitates electronic registration and…
In recent years, there has been a growing trend in the implementation of whistleblowing system across various organizations, which initially started with the use of this system in government institutions. Companies in the private sector have also implemented the whistleblowing system in an effort to address and prevent corporate malpractice, corporate fraud, internal bribery, corruption,…
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…
Understanding Religious Holiday Allowances Over quite many years, the Indonesian government has mandated that employers provide religious holiday allowances (Tunjangan Hari Raya – “THR”) to their employees based on their respective religions. The compulsory provision of religious holiday allowances is outlined in several regulations concerning employment matters, including Law Number 13 of 2003 concerning Employment,…
Employees have the right to a healthy and comfortable working environment and to avoid work environments that have adverse impacts on their physical and mental health. To protect this right, employees are entitled to reasonable and humane working hours with adequate breaks and rest periods. If these working hours must be exceeded, the employer has…
Indonesia, experiencing robust economic growth, faces a crucial challenge: balancing its soaring energy demand with environmental sustainability. While its reliance on coal-fired power fuels the nation’s progress, it also raises concerns about greenhouse gas emissions. Recognizing this, Indonesia has set an ambitious goal: achieving carbon neutrality by 2060. To navigate this ambitious journey, Indonesia is…
In today’s ever-increasing digitalization era, all businesses across sectors must adapt to the challenges of this digital landscape to become more competitive and efficient. Procurement of products and services, as one of the entry points into business competition in government and private projects, contributes to the adoption of digitalization to ensure smooth and efficient procurement…
Jakarta, 21 February 2024 – ADCO Law, a leading firm dedicated to excellence in legal services, strengthened its initial steps in prioritizing the health and well-being of its team members through its recently held Wellness Day event. The event featured esteemed guest speaker Dr. Hastono Prabowo, from Rumah Sakit Pondok Indah who shared invaluable insights…
Indonesia’s employment landscape is marked by a dynamic interplay of socio-economic factors, where social security and employee welfare emerge as pivotal elements. Social security essentially refers to protective measures provided by the state to ensure the well-being of its workforce, encompassing aspects such as health insurance, retirement benefits and workplace safety. Concurrently, employee welfare delves…
Wage Policy in Indonesia: Pursuant to Article 1 Number 30 of Law Number 13 of 2003 concerning Employment, as partially amended by the Government Regulation in Lieu of Law Number 2 of 2022 and subsequently ratified through Law Number 6 of 2023 (“Employment Law”), wages are recognized as an employee’s entitlement that manifests in monetary…