Govt accelerates completion of Job Creation Law s regulations 1st February 2021
Coordinating Minister for Economic Affairs Airlangga Hartarto. ANTARA/Screen Capture of Cabinet Secretariat Streaming/pri.
From the start, the government has opened and provided four main channels for the wider community to provide inputs and convey aspirations Jakarta (ANTARA) - Indonesia s government is expediting completion of 54 regulations derived from the Job Creation Law, comprising 49 governmental and five presidential regulations, to boost job creation and ease-of-doing business, Coordinating Economic Affairs Minister Airlangga Hartarto stated.
During the statement made in Jakarta on Sunday, the minister noted that the government had offered room for the people to gather their inputs and to take into account their aspirations in drafting derivative regulations on the Job Creation Law.
ACR”) entered into force, also known as “GWB Digitalization Act” (the “
Amendment”).
With the passing of the Amendment[1], Germany is setting the pace for an ambitious goal: the regulation of digital platforms. As noted during the parliamentary discussion[2], the new provisions are specifically designed to provide the German Federal Cartel Office (
Bundeskartellamt) with an efficient instrument against alleged “Wild West methods” in the digital sector to keep digital markets open. The Amendment also introduces a number of other changes to the German Competition Act concerning,
inter alia, antitrust investigations procedure, leniency and cartel damage claims.
In the legislative process, the German Parliament has also implemented some last-minute changes to the merger control provisions: the two domestic turnover thresholds were increased from EUR 25 million to EUR 50 million, and from EUR 5 million to EUR 17.5 million. This major policy shift will result in a s
Payment Service Providers (Penyedia Jasa
Pembayaran ─ PJP )
This group includes activities related to the
provision of payment services to end-users of Payment System
services on the front end, covering activities including, among
others: displaying information about sources of funds; initiating
transactions/acquiring (electronic wallets, acquirers and payment
gateways); issuing payment instruments/accounts; remittance/fund
transfer services.
66412
Payment System Infrastructure Providers
(Penyelenggara Infrastruktur Sistem Pembayaran ─ PIP )
This group includes activities related to the
operation of payment system infrastructure which is primarily used
to facilitate PJP transactions, both for the PJP s own
interests and the interests of the end-user, covering activities
which include, among others, performing functions as a principal,
(only available in German).
For M&A transactions involving German target companies directly or indirectly via the acquisition of a foreign group, the draft contains some good and bad news:
Future deals will be made more difficult by the fact that the catalogue of companies whose acquisition is subject to notification will be
significantly expanded once again.
Moreover, in addition to the acquisition of voting rights, the acquisition of
control and management rights can now, for the first time, also trigger a notification or an
ex officio review. Furthermore, the draft confirms that
share increases beyond existing stake-holdings are subject to foreign investment control, even if the thresholds were already exceeded before the transaction.
(Siemens/ElectricEnergyOnline) Siemens Energy and Mubadala join strategic partnership to accelerate green hydrogen capabilities in Abu Dhabi; Siemens Energy to collaborate with Masdar and partners on developing clean hydrogen fuels
Siemens Energy is advancing the development of green hydrogen ecosystems in the UAE. Around the Abu Dhabi Sustainability Week, two Memorandums of Understanding (MoU) were signed with Mubadala Investment Company as well as with Masdar and other partners to jointly drive UAE’s green hydrogen sector and the production of synthetic fuels.
Strategic Partnership with Mubadala
On 17 January, Siemens Energy and Mubadala Investment Company (Mubadala), the Abu Dhabi state-owned global investment firm, signed a Memorandum of Understanding (MoU) with the intention of creating a strategic partnership to drive investment and development of advanced technology, manufacture of equipment, and green hydrogen and synthetic fuel production. The initial focus of activit