Bagus Enrico & Partners Counsellors at Law’s Post

🔊 Navigating Language Requirements in Contracts applying Indonesian Law   As Indonesia's economy continues to be bullish, attracting foreign investors and traders, a crucial question emerges: Is the Indonesian language mandatory in contracts governed by Indonesian law?   This started in December 2023, when the Circular Letter No. 3 of 2023 (SC Letter 3/2023), issued by the Indonesian Supreme Court, advised lower courts that the absence of an Indonesian version in agreements with Indonesian institutions, companies, and/or individuals should not automatically invalidate the contract. Invalidity should be considered only if it is proven that the omission resulted from fraudulent intent by the parties involved.   To provide a more comprehensive understanding of this topic, our legal experts go deeper into this pressing issue, exploring these recent legal developments in Indonesia.   🔊 Follow us on LinkedIn to stay updated on all the latest legal updates! 🔊   Read our latest update here: https://bit.ly/4eWxSHr   Learn more about Shipping & International Trade Practice: https://lnkd.in/g89sTr9N   Zheng Yu: https://lnkd.in/gxGg2jpk   #IndonesiaLaw #ContractLaw #BusinessCompliance #SoutheastAsia #InternationalTrade #Investment#lawyer #law #RajahTannAsia #RTA #LawyersWhoKnowAsia #LWKA

Expanding our knowledge and learning the latest trends so we can share with our team and clients - NZCA / NZ Law conference with over 100 in attendance, based in Danang, in Vietnam. Conference presentations included a mix of law, business, tax, insurance and business management topics as well as an overview of Vietnam. And a little bit of down time too with Lloyd Kirby! #NZCA #NZLaw #knowledge #Vietnam

Owning property in Indonesia as a foreigner involves navigating various legal frameworks and understanding the types of land rights available. One approach is through the "Hak Pakai" or "Right to Use" certificate. This method allows foreigners to legally use and control land, although they do not own the land outright. #Key #Points on "Hak Pakai" (Right to Use) 1. #Definition: Hak Pakai grants the right to use land for a specified purpose and period, which can be extended. It does not equate to full ownership. 2. #Eligibility: Foreigners can obtain Hak Pakai on land that is either state-owned or privately owned. The latter requires conversion from freehold title (Hak Milik). 3. #Duration and #Renewal: Initially, Hak Pakai is granted for up to 25 years, extendable for another 20 years, and can be renewed for an additional 25 years. 4. #Property #Types: This right typically applies to residential properties, though commercial use is also possible under specific regulations. #Process #Involved 1. #Property #Search: Identify a property where the owner is willing to transfer the land rights to Hak Pakai. 2. #Legal #Assistance: Engage a legal expert, such as Anggraini Mubarak and her affiliates, who specialize in Indonesian property law to navigate the process. 3. #Documentation: Gather necessary documents including passports, tax identification numbers, and proof of employment or business operations in Indonesia. 4. #Application #Submission: Submit an application to the National Land Agency (BPN), including the notarized sale and purchase agreement, and request the conversion to Hak Pakai. 5. #Approval and #Issuance: Once approved, the BPN will issue the Hak Pakai certificate, allowing the foreigner to use and control the property. #Legal #Assistance with #Anggraini #Mubarak and #Affiliate Anggraini Mubarak and her affiliates offer specialized services in property law, ensuring that the process is smooth and compliant with Indonesian regulations. Their services typically include: - #Consultation: Initial consultation to understand the client’s needs and provide advice on the best legal approach. - #Document #Preparation: Assistance with preparing and notarizing necessary documents. - #Application #Processing: Handling the submission and follow-up with BPN and other relevant authorities. - #Compliance #Check: Ensuring all actions comply with Indonesian property laws and regulations to prevent future legal issues. #Conclusion Acquiring property in Indonesia as a foreigner through a Hak Pakai certificate is a viable option, provided that the process is correctly managed. Legal experts like Anggraini Mubarak and her affiliates can facilitate this process, ensuring compliance and smooth transactions. This method allows foreigners to enjoy the benefits of Indonesian property use without the complexities of full ownership.

💡 𝐍𝐃𝐏 𝐍𝐨𝐰! Your go-to for insights on Indonesian law and business, curated by Nusantara DFDL Partnership. Get concise, informative weekly updates on legal developments, industry trends, interesting tidbits, and expert views.   Stay ahead with NDP Now!   #Nusantara #DFDL #Indonesia #NDP #Legaltrends #ASEAN #Business #Laborlaw #NewRegulations #Employment

Gain valuable insights into the complexities of multi-party, multi-contract, and multi-issue arbitrations. Our Managing Partner, Setyawati F., will share her expertise on the latest developments and future outlook of arbitral award enforcement in Indonesia. Join us in Jakarta or online on September 5-6 to connect with leading arbitration professionals and explore the future of international arbitration. Register now: https://lnkd.in/gXD5dQZj #arbitration #conference #youngprofessionals #jakarta #legal #enforcement #internationalarbitration #arbitration #conference #youngprofessionals #jakarta #legal

Indonesia’s economy showcases both flexibility and strength, marking steady growth of around 5% annually, except for a slight dip during the pandemic years. This growth spurt owes much to the country’s dynamic trade in commodities, hefty infrastructural investments and a rising middle class keen on spending. Even with ups and downs in commodity prices, Indonesia has kept the confidence of both investors and consumers, thanks to its overall economic stability. Asia Business Law Journal Asia Business Law Journal Asia Business Law Journal (日本版) Law.asia

Owning property in Indonesia as a foreigner involves navigating various legal frameworks and understanding the types of land rights available. One approach is through the "Hak Pakai" or "Right to Use" certificate. This method allows foreigners to legally use and control land, although they do not own the land outright. #Key #Points on "Hak Pakai" (Right to Use) 1. #Definition: Hak Pakai grants the right to use land for a specified purpose and period, which can be extended. It does not equate to full ownership. 2. #Eligibility: Foreigners can obtain Hak Pakai on land that is either state-owned or privately owned. The latter requires conversion from freehold title (Hak Milik). 3. #Duration and #Renewal: Initially, Hak Pakai is granted for up to 25 years, extendable for another 20 years, and can be renewed for an additional 25 years. 4. #Property #Types: This right typically applies to residential properties, though commercial use is also possible under specific regulations. #Process #Involved 1. #Property #Search: Identify a property where the owner is willing to transfer the land rights to Hak Pakai. 2. #Legal #Assistance: Engage a legal expert, such as Anggraini Mubarak and her affiliates, who specialize in Indonesian property law to navigate the process. 3. #Documentation: Gather necessary documents including passports, tax identification numbers, and proof of employment or business operations in Indonesia. 4. #Application #Submission: Submit an application to the National Land Agency (BPN), including the notarized sale and purchase agreement, and request the conversion to Hak Pakai. 5. #Approval and#Issuance: Once approved, the BPN will issue the Hak Pakai certificate, allowing the foreigner to use and control the property. #Legal #Assistance with #Anggraini #Mubarak and #Affiliate Anggraini Mubarak and her affiliates offer specialized services in property law, ensuring that the process is smooth and compliant with Indonesian regulations. Their services typically include: #Consultation: Initial consultation to understand the client’s needs and provide advice on the best legal approach. #Document #Preparation: Assistance with preparing and notarizing necessary documents. #Application #Processing: Handling the submission and follow-up with BPN and other relevant authorities. #Compliance #Check: Ensuring all actions comply with Indonesian property laws and regulations to prevent future legal issues. #Conclusion Acquiring property in Indonesia as a foreigner through a Hak Pakai certificate is a viable option, provided that the process is correctly managed. Legal experts like Anggraini Mubarak and her affiliates can facilitate this process, ensuring compliance and smooth transactions. This method allows foreigners to enjoy the benefits of Indonesian property use without the complexities of full ownership.

A research team appointed by the state government to study documents related to the historical relationship between Kedah and Penang will present their findings next month. #Kedah #Penang #reclaim #state #Sanusi https://lnkd.in/gVcexQAk

💡 𝐍𝐃𝐏 𝐍𝐨𝐰! Your go-to for insights on Indonesian law and business, curated by Nusantara DFDL Partnership. Get concise, informative weekly updates on legal developments, industry trends, interesting tidbits, and expert views.   Stay ahead with NDP Now! #DFDL #Indonesia #NDP #Legalupdates #Legaltrends #ASEAN #FranchiseLaw #IntellectualProperty

Withers, KARNA in alliance to elevate Southeast Asia services https://lnkd.in/gWqy4Dm9 International brand Withersworldwide has struck an association with Karna Partnership, a law firm headquartered in Indonesia, to offer legal counsel to clients in locally and beyond. “The synergy between Withers and KARNA Partnership stems from a shared vision to provide our clients with holistic legal strategies that are based not only on legal expertise but a deep understanding of the rapidly evolving business environment in Indonesia,” said Joel Shen, corporate partner and head of Withers’ Indonesia practice. Rizki Dwianda, founder and managing partner at KARNA Partnership, said: “We offer local value to global clients and aim to complement Withers’ international expertise, by leveraging our deep understanding of local markets and practice." 📲 Sign up for the latest updates in the legal industry: https://lnkd.in/g3brrPdM #lawdotasia #ablj #iblj #cblj #asia #indonesia #corporatelaw #investment #legalpartnership #legalnews #inhousecounsel #business #legalprofession #lawfirms #lawyers #legal #law