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Australia; Indonesia: Carbon Trading Agreement

(July 2, 2008) On <?June 13, 2008, Australia and Indonesia signed a new Indonesia – Australia Forest Carbon Partnership to support emerging forest-carbon trading initiatives. According to a press release, the Partnership is intended to assist in the areas of: policy development and capacity building to support participation in international negotiations and future carbon markets; […]

Indonesia: Supreme Court Investigated for Corruption

(July 2, 2008) Media reports have indicated that Indonesia's Corruption Eradication Commission has commenced an investigation into the embezzlement of administrative fees by the Supreme Court. It is reported that the Commission will review several Supreme Court bank accounts, including an account in the name of the Chief Justice of the Supreme Court, Bagir Manan. […]

Indonesia: Introduction of New Cyber Law

(May 2, 2008) The People's Representative Council of Indonesia has passed the new Law on Electronic Information and Transaction that bans pornographic Web sites and imposes prison sentences and fines on persons who produce, distribute, or transmit electronic content that violates decency; is related to gambling, insult, libel, or blackmail; or is threatening or creates […]

Hong Kong; Indonesia: Mutual Legal Assistance Agreement

(May 2, 2008) The Hong Kong Special Administrative Region (HKSAR) Government and the Republic of Indonesia signed the Agreement Concerning Mutual Legal Assistance in Criminal Matters (MLA) on April 3, 2008. The agreement will facilitate international co-operation to combat serious crimes by providing for reciprocal assistance in relation to investigations, proceedings, and prosecutions of criminal […]

Indonesia: Carbon Credit Plan for Rainforest

(Mar. 2, 2008) On February 7, 2008, a project to save Indonesia's Ulu Masen rainforest in Aceh Province, by using carbon trading markets to help villages preserve trees, was announced. Under the plan, villages that halt logging would receive about $26 million in revenue from the sale of carbon credits to individuals and companies seeking […]

Indonesia: New Company Law

(Nov. 2, 2007) According to the INTERNATIONAL FINANCIAL LAW REVIEW, in August 2007 a new Company Law (Law 40/2007), on limited liability companies, was signed into law in Indonesia. The Law prescribes that the takeover or acquisition of a controlling interest in a privately-held Indonesian company must now be approved by the shareholders and published […]