19 November 2020
After the House of Representatives passed the Job Creation Bill on 5 October 2020, the much-awaited Job Creation Law (or commonly referred to as the Omnibus Law) was finally enacted on 2 November 2020 as Law No.11 on Job Creation (“Law 11”), almost one year since it was first discussed by the legislatives.
Law 11 consists of 186 articles and amends a total of 1,244 articles in 79 laws. It also introduces new concepts pertaining to Land Bank and central government investment. The following laws are among those amended by Law 11:
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Law No.13 of 2003 on Manpower;
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Law No.25 of 2007 on Investment;
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Law No.40 of 2007 on Limited Liability Companies;
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Law No. 32 of 2009 on Environmental Protection and Management;
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Law No.1 of 2009 on Aviation; and
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Law No.13 of 2016 on Patent
Click here to read more.
For further information, please contact:
Agnesya Narang, Partner, Roosdiono & Partners
agnesya.narang@zicolaw.com
