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Monthly Archives: August 2016

The Provision on the Use of Letter of Credit For the Export of Specified goods (Regulation of the Director General of International Trade Number 1 Year 2015)

Background On March 30, 2015, Director General of International Trade has promulgated a Regulation of the Director General of International Trade Number 01/DAGLU/PER/3/2015, (“RDG Inter-Trade 1/2015”). RDG Inter-Trade 1/2015 intended to give instructions implementing the method of payment for the export of specified goods by using Letter of Credit.   Export of Specified goods Export…
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The Implementation of Management Guidelines of the Public Company (Regulation of the Financial Services Authority Number 21 Year 2015)

Background Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November  2015 (“RFSA 21/2015”). RFSA 21/2015 regulates the management guidelines of public company of which implementation is conducted through comply or explain, which have not been regulated previously by law…
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