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News & Analysis

PDP Law Implementing Regulation Forthcoming, But Data Breach Fines Still Unclear

01 April 2024 by Makarim & Taira S

After multiple data breaches plagued Indonesia in 2023 and more than a year having elapsed since the enactment of Law No. 27 of 2022 on Personal Data Protection Law (“PDP Law”), the government is now preparing to release the law’s first implementing regulation, which will elaborate on fines for data leaks, but the specifics still remain uncertain.

News & Analysis

New Guidance for Initial Evidence Examination for Taxation Crime

27 March 2024 by ABNR - Indonesia

On 19 January 2024, the Indonesian Directorate General of Taxes (“DGT”) issued a Circular Letter of the Directorate General of Taxes No. SE-1/PJ/2024 (“SE No. 1/2024”) as an implementation to the enactment of Minister of Finance of the Republic of Indonesia Regulation No. 177/PMK.03/2022 concerning Procedures for Examining Initial Evidence of Criminal Acts in the Tax Sector which has been effective starting from 3 February 2023 (“PMK No. 177/2022”). PMK No. 177/2022 stipulates several updates which are reflected in SE No. 1/2024 including among other provisions related to (a) the time limit for submitting the initial evidence examination report which must be submitted no later than 1 (one) month before the examination period ends and (b) limitation on the extension period for the initial evidence examination into 12 (twelve) months. In general, SE No. 1/2024 establishes internal technical guidelines for DGT in conducting examinations of evidence of the initiation of tax crimes. This publication aims to provide a preliminary overview concerning the initial evidence examination for taxation crime under SE No. 1/2024.

News & Analysis

Makarim & Taira S. Appoints Reagan Roy as Newest Partner

15 March 2024 by Makarim & Taira S

Makarim & Taira S., a leading law firm known for its commitment to nurturing top legal talent, proudly announces the appointment of Reagan Roy as its newest Partner.

News & Analysis

Patenting Green Hydrogen Production: New Hope for Clean Energy

05 March 2024 by DPS Parmar (Special Counsel)

Edwin Drake and Mamadou Ngulo Konare have one thing in common: both struck energy gold from Mother Earth.

News & Analysis

Singapore High Court clarifies prospective consent for disposition of property under the Insolvency, Restructuring and Dissolution Act (“IRDA”) 2018 prior to a bankruptcy order

28 February 2024 by Yuen Law - Singapore : by Tris Xavier

Singapore High Court clarifies prospective consent for disposition of property under the Insolvency, Restructuring and Dissolution Act (“IRDA”) 2018 prior to a bankruptcy order

News & Analysis

Biological Material and Written Description Requirement under Patent Law

29 January 2024 by DPS Parmar (Special Counsel)

The three tenets of a patent grant are possession, disclosure, and claims of invention.

News & Analysis

Quid Pro Quo of Patent Bargain: Disclosure of Invention

16 January 2024 by Manisha Singh (Partner) & Vaneet Kaur (Managing Associate)

The exclusive right of a patentee to stop others from making or using their invention for a defined period is balanced by the obligation to disclose the invention in detail.

News & Analysis

First Insights into China’s New Corporate Landscape

05 January 2024 by Ray SHI, Claire XU

Barely a week ago on December 29, 2023, China’s legislative body passed and President Xi Jinping signed into law the newly revised Company Law, effective from July 1, 2024 (the “New Law”).

News & Analysis

Anatomy of Licensing Deals from China Regulatory Perspective

04 January 2024 by Aaron GU, Pengfei YOU, Duzhiyun ZHENG, Yuzhen ZHANG, Fengqi YU

Driven by the passion and belief, and fraught with various risks and challenges, the research and development of innovative drugs and medical devices is a journey that’s never easy.

News & Analysis

Sponsored briefing: The foreign acquisition of Chinese enterprises

03 January 2024 by Hui Ye Law Firm - China

Wu Dong of Hui Ye Law Firm discusses the key points necessary for understanding the foreign acquisition of Chinese state-owned enterprises