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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
Indonesia | Publication | September 2019
Decree No. 228 of 2019 (Decree 228/2019) came into effect on 27 August 2019, which simplifies and revokes previous decrees of the Ministry of Employment (MoE) to widen the type of job titles allowed for foreign professionals to work in Indonesia.
In an effort to address issues commonly cited by foreign investors as hindrance to investing in Indonesia, related regulators are in the process of reviewing and simplifying a set of regulations, including the employment of foreign professionals.
As well as driving foreign direct investment in Indonesia, the decree is expected to attract highly-skilled and experienced foreign workers to fill the skills gap in the Indonesian workforce as Indonesia works on its transition from a resource-based to a skills-based economy.
Publication
This article first appeared in the September 2024 issue of Financier Worldwide.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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