What is Standard Clauses? The Contemporary Law Dictionary defines standard clauses as any rules or conditions that have been prepared and pre-determined unilaterally by business actors, which are made into a binding document or agreement and must be fulfilled by the consumers. Law Number 8 of 1999 concerning Consumer Protection defines Standard Clauses as rules…
EU Lawsuit Against Indonesia at the WTO Based on data from the United States Geological Survey (USGS), Indonesia is the world’s largest nickel producer as in 2021 Indonesia has become the world’s highest exporter of raw nickel ore with a total of more than 21 million metric tons, which is equivalent to USD 20 billion…
“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…
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,…