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Indonesia: Plan to Issue Regulation Requiring Local Sourcing of Materials

(Aug. 29, 2017) Indonesia’s President Joko Widodo (also called Jokowi) has announced plans to issue a new regulation requiring the use of local materials in all products made in Indonesia. According to Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan, who spoke on August 1, 2017, the regulation has been drafted and will be issued “within […]

Indonesia: Local Content Rules for Electronic Products

(Sept. 15, 2016) On July 26, 2016, the then Indonesian Minister of Industry, Saleh Husin, signed a new regulation on local content requirements for laptop computers, smartphones, and tablets; it became official the next day. (Permenperin [Regulation of the Ministry of Industry] No. 65, 2016, on Conditions and Procedures for Calculating the Value of the […]

Indonesia: Regulation to Encourage Investment in Industry

(Jan. 13, 2016) On December 28, 2015, the Government of Indonesia issued a new regulation that is expected to increase investment in developing industrial zones. The new legislation replaces parts of Government Regulation No. 24/2009, on industrial zones. Speaking on January 5, 2016, Imam Haryono, Director General for Industrial Region Development of the Ministry of […]

Angola: New Private Investment Law

(Aug. 27, 2015) On August 11, 2015, Angola published in its Official Gazette a new private investment law, which was approved by Law No. 14 of August 11, 2015 (Lei do Investimento Privado, Lei No. 14/15, de 11 de Agosto, IMPRENSA NACIONAL (from the drop down window, click on Diário da República Ia. Série No. […]

Montenegro: Reform of Tax System Announced

(Feb. 11, 2015) Montenegro, a small nation in southeastern Europe that become independent from Serbia on June 3, 2006, published an economic reform program for the years 2015-2017 on February 3, 2015. (Ivana Kireta, Montenegro: Tax Reform Announced (Feb. 5, 2015), TAX NEWS SERVICE, IBFD online subscription database; Central Intelligence Agency, Montenegro, in WORLD FACTBOOK […]

Italy: Measures to Foster Banking System and Promote Investment

(Feb. 10, 2015) Italy’s cabinet has approved new measures, contained in Legislative Decree No. 3 (D.L. No. 3), aimed at bolstering the national economy, in particular the banking and investment sectors. (Legislative Decree No. 3 of January 24, 2015, Urgent Measures for the Banking System and Investment, GAZETTA UFFICIALE (G. U.) No. 29, NORMATTIVA (in […]

China: Guidelines on Public-Private Partnerships Issued

(Dec. 23, 2014) On December 2, 2014, China’s National Development and Reform Commission (NDRC) issued the Guiding Opinions on Carrying Out Public-Private Partnerships. (Guojia Fazhan Gaige Wei Guanyu Kaizhan Zhengfu he Shehui Ziben Hezuo de Zhidao Yijian (Guiding Opinions), Fa Gai Tou Zi [2014] No. 2724 (Dec. 2, 2014), NDRC website.) Two days later, on […]

Thailand: Draft Laws to Promote Digital Economy

(Dec. 17, 2014) On December 16, 2014, it was reported that Thailand’s Cabinet approved two draft laws on information technology. The laws were put forward by the Information and Communications Technology Ministry.  (Thailand: Cabinet Nod for Draft Laws on Digital Economy Committee, Restructuring of ICT Ministry, NATION (Dec. 16, 2014).) One proposed law is on […]

OHADA: Revised Uniform Act on Companies

(Mar. 14, 2014) The Council of Ministers of the Organization for Business Law Harmonization in Africa (Organisation pour l’Harmonisation en Afrique du Droit des Affaires, OHADA) adopted a “significantly revised” Uniform Act on Commercial Companies and Economic Interest Groups on January 30, 2014; the original Act was adopted on April 17, 1997. The new Act […]