COMPENSATION FOR AIR PASSENGERS IN CASE OF FLIGHT DELAY
The frequent occurrence of flight delays in the aviation industry not only causes discomfort for passengers but also has the...
Read MoreUNDERSTANDING THE DIFFERENCES BETWEEN MERGER, CONSOLIDATION, AND ACQUISITION
1. MERGER Merger comes from the word "merger" (Latin) which means: - to merge, together, to unite in combination - ...
Read MoreLegal Standing of Shareholders who Fail to Fulfilled Basic Capital
Picture Source: canva.com Based on Article 1 number 1 of Law Number 40 of 2007 concerning Limited Liability Companies ("Company...
Read MoreA WRITTEN AGREEMENT THAT IS NOT STAMPED WITH A STAMP DUTY REMAINS LEGALLY VALID, IS IT TRUE?
An agreement is a mutual understanding between two or more parties to do or not do something, which can be...
Read MoreCan Creditors Seize Defaulting Debtors’ Assets Unilaterally?
Debt is an agreement between one party and another, typically involving money. In debt agreements, one party acts as...
Read MoreTHE ROLE OF BANK INDONESIA IN MONITORING FOREIGN EXCHANGE TRANSACTION
The legislation in Indonesia has facilitated legal entities and individuals to apply for loans or credits in foreign currency from...
Read MoreLegal Steps If the Board of Directors of a Private Company Doesn’t Conduct an Annual General Meeting of Shareholder
Based on Article 1 number 4 of Law Number 40 of 2007 (“Company Law”), the General Meeting of Shareholders (“GMS”)...
Read MoreTHE AUCTION WINNER IS UNABLE TO TAKE POSSESSION OF THE AUCTIONED ITEM, HERE ARE THE AVAILABLE MEASURES THAT CAN BE TAKEN
The definition of auction is stated in Article 1 number 1 of the Minister of Finance Regulation Number 213/PMK.06/2020 regarding...
Read MoreVEHICLE TOWED BY DEBT COLLECTOR SUDDENLY, HERE’S HOW TO DEAL WITH IT
Basically, the vehicle retrieval is a consequence of the Debtor's failure to fulfill obligations in the Fiduciary Guarantee Agreement. Pursuant...
Read More