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Category Archives: Summary Regulation

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…

New Procedures For Validating a Legal Entity, Approving an Amendment of Article of Association and Company’s Data

New Procedures On March 26, 2014, the Minister of Law and Human Rights ("MoHLR" ) enacted the Regulation of MoHLR No. 4 of 2014 on Validating a Legal Entity, Approving an Amendment of Article of Association and Company’s Data (“Regulation of MoHLR No. 4/2014”). In principle, the Regulation of MoHLR No. 4/2014 regulates new procedures…