Jakarta (ANTARA) – The Financial Services Authority (OJK) plans to issue 224 OJK regulations as derivative regulations of the Financial Sector Development and Strengthening (P2SK) Law, Deputy Chairperson of OJK’s Board of Commissioners Mirza Adityaswara stated. “In short, based on identification results, 224 OJK regulations have to be created and 43 government regulations as derivative regulations from the P2SK Law,” he remarked during an online press conference, Monday. Currently, the OJK is discussing the possibility of these 224 OJK regulations being consolidated into several regulations in the form of “mini omnibus.” “This is because if we create one by one OJK Regulation, then this can take a long time because there are 224 regulations that have to be created,” he explained.…
Tag: current legal issues in the news 2022
Witness list includes lawyers, bankers, accountants
The trial of Alex Murdaugh began Monday, Jan. 23 and we have the latest from the Colleton County Courthouse. Murdaugh will face his first charges in a long list of criminal and civil allegations in the deaths of his wife, Maggie, and son, Paul, on June 7, 2021. These two deaths were the catalyst to the ruins of the Murdaugh dynasty and the unfolding of a much larger story. The Greenville News will be in the courtroom to give you the latest updates starting with jury selection until a final verdict is reached. Watch the Alex Murdaught trial live:Murdaugh trial live stream today: Inside the Colleton County courtroom, updates Follow Michael DeWitt’s Twitter feed for Murdaught trial updates A Twitter List by SEDOT_J_Orlando Monday pm updates from the Colleton County courthouse The aroma of food trucks wafting through the crowds and lighted tents produced a carnival-like atmosphere outdoors, but inside the Colleton County Courthouse serious public business was at hand.…
Managing financial and other risks as a Contractor
Whether you are a new contractor or have been working in the industry for some time, it is important to keep yourself informed, up to date and prepared for the various issues and risks faced in the construction industry. As many are well aware, the long term affected of the pandemic and subsequent inflation over the costs of materials and supplies. In such an environment, it has become far riskier to conduct business in circumstances where companies are often set up with little to no assets to their name. Meaning that if something goes wrong, the ability to recover any loss and damage may be small, or non-existent.…
Google, Meta fight with Canada over law forcing them to pay for news
Comment on this storyComments TORONTO — When Google opened a new office in Kitchener, Ontario, in 2016, it welcomed a special guest. Prime Minister Justin Trudeau, who months earlier swept to power in a campaign that leveraged digital tools, praised the tech giant for “always” working “very, very hard not just to be a good corporate citizen, but to be a strong and active player in Canada.” But now, Trudeau appears to have a dimmer view of the company. His government is in a high-stakes showdown with Google and Meta, accusing them of unfairly profiting at the expense of Canadian news outlets and of using “bullying tactics” to intimidate officials.…
Upcoming Webinar: Predicting and Managing the Risks of Doing Business in China
Please join us on Wednesday, July 12 at 12PM EDT for a webinar on Predicting and Managing the Risks of Doing Business in China. As tensions between the US and China continue to build, what does this mean for US companies operating in China? Partners George Grammas and Ed Newberry will discuss the current political landscape, as well as provide insight on where things are headed and what you can do to mitigate risks and protect your relationships going forward. The discussion will help senior leaders and decision makers evaluate their current activities in China and determine whether they should continue business and expand in China – or if they should close up shops.…
Uganda’s President Museveni approves tough new anti-gay law
Uganda’s government has resisted pressure to drop the legislation Uganda’s progress in tackling HIV is in “grave jeopardy” after the president approved tough new anti-homosexuality legislation, the UN and US have warned. An increasing number of people are being discouraged from seeking vital health services for fear of attacks and punishment, they added. President Yoweri Museveni signed the Anti-Homosexuality Bill into law after parliament watered it down. It is still among the harshest anti-LGBTQ laws in the world. Homosexual acts are already illegal in Uganda but now anyone convicted faces life imprisonment. The legislation imposes the death penalty for so-called aggravated cases, which includes having gay sex with someone below the age of 18 or where someone is infected with a life-long illness including HIV.…
Fisheries Sector Legal Update – the Marine Products Proper Distribution Act
Introduction In the field of fisheries, it is commonly understood that (i) illegal catches adversely affect the sustainable utilization of fishery resources and put pressure on fishery operators, necessary measures to prevent the distribution of illegally caught fish, including their exportation, and to ensure proper domestic distribution, and that (ii) international cooperation is necessary for the elimination of Illegal, Unreported and Unregulated (“IUU”) fishery operations, especially with concern to highly vulnerable species. Accordingly, Japan must take measures to prevent the inflow of IUU catches from within its waters and abroad. Against this background, the Act on Ensuring the Proper Domestic Distribution and Importation of Specified Aquatic Animals and Plants, etc.,…
UFLPA Enforcement Remains Work in Progress
US Customs and Border Protection’s (“CBP”) implementation of the Uyghur Forced Labor Prevention Act (“UFLPA”) remains a work in progress, as importers work to mitigate shipment detentions and respond to UFLPA reviews and enforcement actions. Emerging best practices may guide stakeholders as they navigate these uncertainties. Develop a Due Diligence System Due diligence systems allow companies to proactively evaluate forced labor risks within their supply chains through comprehensive information gathering and robust risk assessments, which can mitigate the legal and reputational consequences of forced labor. To establish a due diligence system, a company should: Continuously collect information on Tier 1 – Tier 3 suppliers, to maintain comprehensive supply chain traceability; Incorporate robust geographic and product-relevant risk assessments; Develop policies that are responsive to the company’s unique risk profile and aligned with international standards; and, Proactively monitor for future risks.…