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…
Positive Law is a set of laws in force in a country, and every country in the world has its own positive law, including the Republic of Indonesia. Positive law that applies in Indonesia is a combination of interrelated provisions and regulations that are determined based on legal principles that are also interrelated to one…
ADCO Law has been selected in the Asian Legal Business: Indonesia Firms to Watch 2022, which was already published in October 2022. Despite the difficulties that the Indonesian legal industry has faced since the outbreak of the pandemic, several law firms have performed admirably in terms of the work handled and the services provided. ALB’s…
The Government of Indonesia, through the Ministry of Energy and Mineral Resources (“MEMR”), has officially banned the construction of Coal-Steamed Power Plants (Pembangkit Listrik Tenaga Uap, “PLTU”). This is marked by the issuance of Presidential Regulation Number 112 of 2022 on the Acceleration of Renewable Energy Development for the Provision of Electricity (“PR 112/2022”) by…
In September 2022, the House of Representatives of the Republic of Indonesia officially passed the Personal Data Protection Law (“PDP Law”) in a plenary session. The enactment of the law marks a new era in the management of personal data in Indonesia, especially in the digital realm. The ratification of the PDP Law goes hand…