The Legal 500

In December 2009 the Russian Parliament adopted important changes further promoting the Russian holding companies regime. Starting from January 1, 2011 Russian holding companies will no longer be required to meet the present 500 million ruble threshold for investments made into companies qualifying as “strategic investments” to receive tax benefits.

In a Limited Liability Company (”Company”), the Director is one of the Company’s organs who oversees the activities of the Company. In overseeing the activities of the company, the Director has the right and authority to act for and on behalf of the Company.

In spite of the global crisis, Indonesia is still full of potential for foreign investors. The country seems to have been largely buffered from many of the worst impacts occurring in other economies. This is perhaps because, after the collapse of the banking system during the Asian crisis in the wake of 1997, the Indonesian financial sector was forced clean up its act, developing stronger fiscal resilience in the process. Banks were recapitalised and restructured by the Government and once the financial soundness of the banks was stabilised, many were sold to foreign institutions. The financial sector is now relatively healthy and provides a stable foundation for the Indonesian economy. There remains an attractive market for the acquisition of banks, insurance companies and securities companies.

The following paper is intended to provide a basic overview of Indonesian labour and employment law.

Describe the domestic natural gas sector, including the natural gas production, liquefied natural gas (LNG) storage, pipeline transportation, distribution, commodity sales and trading segments.

Jakarta (ANTARA News) - West Java province is planning to build its own international seaport in Muara Gembong, Bekasi district, a provincial businessman said.

Surabaya, E Java (ANTARA News) - The National Investment Coordinating Board (BKPM) has been trying to minimize the complexity in obtaining an investment license under the one-stop service program, a spokesman said.

State power firm PT PLN and Malaysia's utility company Tenaga Nasional Berhad (TNB) have signed an agreement on the construction of a US$400 million power grid connecting the two countries.

A planned initial public offering (IPO) by PT Krakatau Steel, the nation's largest steel producer, will most likely be carried out in the second half of next year - about six months later than planned. "Krakatau's IPO will be in the second semester of 2010," president director Fazwar Bujang told reporters at the office of the State Ministry for State Enterprises on Tuesday.

JAKARTA, Oct 29 - Indonesia is looking at lifting restrictions on share issues, the head of the stock exchange said on Thursday, a move which could increase fund-raising for companies, improve liquidity, and attract more investors.

The global financial firm UBS has upgraded its growth forecasts of Philippines, Indonesia and Thailand for 2010 due to "pent-up demand, the inventory cycle, fiscal and monetary policy."