Dendi Adisuryo, and Praniti Putri Mirza talks about the 0% Royalty Incentive for Coal Commodities as set out under the newly issued Government Regulation
There are at least 16 points of improvement in the law which were formulated in the 2018 academic paper. Among these points, several points are related to the problem of the insolvency test in the bankruptcy procedure law.
The application of bankruptcy requirements as stipulated in Article 2 paragraph (1) of The Bankruptcy Law creates logical consequences and a domino effect
Capital market as one of the financial services sectors plays an important role in the development of the national investment sector, where the supply of capital provided by investors meets the demand of the securities issuers e.g. corporations, investment trusts, or domestic or foreign governments, that is, to finance their operations.
Litigation or arbitration as a commercial litigation proceeding requires a massive amount of capital due to litigation costs. Such the facts prevent people who seek for justice from pursuing their claims. However, several countries have a mechanism for litigation financing or lawsuit lending, which is well-known as Litigation Funding.
Given the importance of cash flow at this time, on April 27, 2020, the Indonesian Ministry of Finance issued regulation No.44/PMK.03/2020 of 2020 on Taxation Incentives for Taxpayers Affected by the Coronavirus Pandemic (“MOF Regulation 44/2020”).
Law No. 3 of 2020 concerning amendments to Law No. 4 of 2009 (“the New Mining Law”) has majorly revised various provisions of the Mining Law.
In the Indonesian judiciary, the Constitutional Court (Mahkamah Konstitusi) and the Supreme Court (Mahkamah Agung) are two separate judicial bodies that have different functions and powers. These courts have the authority to conduct judicial review.
The Indonesian government has issued Government Regulation (PP) Number 25 of 2020 concerning the Public Housing Savings (‘Tabungan Perumahan Rakyat/Tapera) program as an implementation of Law No 4 of 2016. This mandatory arrangement, which is mainly intended to provide housing financing for low-income participants, is a periodic deposit savings scheme used as the basis for housing financing requests.
There are many challenges in implementing the Mining Law and other regulations related to mining activities, particularly in disputes of ownership of shares in companies, overlaps of mining area, sale and purchase of mining commodities, mining service contracts, and investment failures.