Actual Property Legal Update
Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking determination that captured the attention of the enterprise community in stipulating that the Indonesian language must be used in industrial agreements with Indonesian companies and companies. Mandatory Use of Rupiah in Indonesia Indonesia’s central bank, Bank Indonesia, lately issued BI Regulation No. 17/3/PBI/2015 concerning the Mandatory Use of the Rupiah throughout the Republic of Indonesia, which restricts using international foreign money in home transactions carried out inside Indonesian territory. Registration of Vessels in Indonesia Any vessel of at least 7 gross …
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