OMNIBUS LAW ON JOB CREATION (UU CIPTA KERJA): AN OVERVIEW
President of Republic Indonesia (“President”) submitted the Omnibus Bill on Job Creation (RUU Cipta Kerja) to the Indonesia’s House of Representative (“DPR”) which has then passed by DPR on October 5th, 2020. Even though it has been passed on October 5th, 2020, UU Cipta Kerja has not taken into effect yet until it is signed by the President and stated in the State Gazette of the Republic of Indonesia. By law, the President is given 30 days as of it was passed by DPR to sign UU Cipta Kerja. Lapse of this 30 days period, UU Cipta Kerja shall automatically be taken into force at any time.