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New Provision of the Payment Services Provider Licensing in Indonesia

New Provision of the Payment Services Provider Licensing in Indonesia

The shifting within society to utilize non-cash payments in their transactions has flourished for the past couple of years. Especially since the global COVID-19 pandemic took place, the development of digital payment systems by companies that dedicate their effort to provide payment system ecosystems has been thriving. In Indonesia, such growth needs to be balanced …

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Further Elaboration of the Digital Bank Regulations in Indonesia Products banking POJK

Further Elaboration of the Digital Bank Regulations in Indonesia

The development of information technology in the digital era has brought changes in the management and operations of banks. The shifting from the traditional bank concept to the bank of the future is to encourage banking digitalization, among others, by setting-up a digital bank through the new establishment or transformation of an existing bank. This …

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Our team have been awarded the Equity Market Deal of the Year at the Asian Legal Business Indonesia Law Awards 2021

Our team have been awarded the Equity Market Deal of the Year at the Asian Legal Business Indonesia Law Awards 2021

Our team have been awarded the Equity Market Deal of the Year at the Asian Legal Business Indonesia Law Awards 2021, which was presented in its online ceremony on Thursday, 7 October 2021. We won this award as the sole counsel in Bank Permata’s Rights Issue deal. We are truly honored by this recognition. A …

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We Cover Indonesia Section in the “Regulatory Guide to Personal Data Protection in Asia-Pacific.” a Collaboration with the ASEAN Plus Group

We Cover Indonesia Section in the “Regulatory Guide to Personal Data Protection in Asia-Pacific” a Collaboration with the ASEAN Plus Group

Increasing globalization, coupled this year with the impact of the COVID-19 pandemic, has driven significant focus on existing data privacy rules across the Asia-Pacific region. It is critical to strike a balance between privacy, technology, and robust regulatory policies. This stability is founded on the knowledge of essential regulatory requirements, which vary from one jurisdiction …

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We Contribute in the "Regional Regulatory Guide to Asset Management in Asia-Pacific" a Collaboration with the Asean Plus Group

We Contribute in the “Regional Regulatory Guide to Asset Management in Asia-Pacific” a Collaboration with the Asean Plus Group

The “Regional Regulatory Guide to Asset Management in Asia-Pacific” provides an overview of the supervisory regimes, key licensing, and regulatory requirements in asset management in 12 jurisdictions in Asia Pacific. We are thrilled and honored to work with our partner firms in Asean Plus Group and InCorp Global Pte Ltd. We are pleased to contribute …

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An Individual Now Is Able to Establish a Limited Liability Company Businesses Government

An Individual Now Is Able to Establish a Limited Liability Company

Law No. 40 of 2007 on the Limited Liability Companies (the “Company Law”) has been amended by Law No. 11 of 2020 on the Job Creation (the “Omnibus Law”), in which introduces several aspects related to the micro and small-scale businesses. Following the issuance of the Omnibus Law, on the 2nd of February 2021, the …

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Structured Warrant as Capital Market Product - OJK finally issued a regulation that governs the issuance of Structured Warrant

Structured Warrant as Capital Market Product – OJK finally issued a regulation that governs the issuance of Structured Warrant

Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) recently issued a long-awaited regulation with respect to warrants through the issuance of the OJK Regulation No. 8/POJK.04/2021 on the Structured Warrant (“POJK 8/2021”), which came into effect on 19 March 2021. The newly introduced Structured Warrant is expected to increase the needs of market deepening, an alternative …

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A More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

To boost the country’s new investments, to promote a healthier business climate and to emphasize fair business competition within the framework of professional and accountable supervision, the government has enacted Law No. 11 of 2020 on the Job Creation (the “Omnibus Law“). The Omnibus Law has amended several laws, including Law No. 5 of 1999 …

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Issuance of Indonesia Government Regulation 182021 as Indonesia’s Property Business Incentives Right

Issuance of Government Regulation 18/2021 as Indonesia’s Property Business Incentives

To overcome various bureaucratic and regulatory barriers that impede the economic and business growth in Indonesia, President Joko Widodo issued Law No. 11 of 2020 on Job Creation (“Omnibus Law“), covering amendments to various laws and regulations, including the pre-existing regulations regarding land. To implement the Omnibus Law, the government on the 2nd of February …

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Indonesian Government Employment Law Update: New Provision on Termination and Severance Payment Outsourcing PKWT Work Manpower

Indonesian Employment Law Update: New Provision on Termination and Severance Payment

In order to improve the quality of the workforce and competitiveness due to the dynamics of globalization and the rapid development of information technology, changes have occurred in the social and economic order, including the manpower sector. These changes pose a strategic challenge that ultimately demands the productivity and competitiveness of human resources. Hence, as …

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