On December 29, 2010, Bank Indonesia issued and revised Regulations on Foreign Debt Reporting Obligations (the "New Regulation")1. With the New Regulation, Bank Indonesia aims to improve and simplify the foreign debt reporting obligations applicable to Indonesian borrowers.

On 5 January 2015, the Minister of Trade issued Regulation No. 4/M-DAG/PER/1/2015 of 2015 on Provisions to Use a Letter of Credit for Exporting Certain Commodities ("MOT Regulation 4").

Indonesia is undergoing a pivotal transformation in the regulation of crypto-assets. With the enactment of Law No 4 of 2023 regarding the Development and Strengthening of the Financial Sector dated 12 January 2023 (the "PPSK Law") and its implementing regulations, as of January 2025.

Despite of the ongoing Covid-19 pandemic, start-up and technology investments in Indonesia remain excited during the last quarter of 2021.

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution.

With the recent implementation of the Omnibus Law on Job Creation jo. the Perppu, Indonesia has taken significant strides towards improving its business climate.

Vessel mortgages in Indonesia fall under the authority and jurisdiction of the Ministry of Transportation. Pursuant to Articles 28 and 29 of Minister of Transportation (MOT) Regulation No. PM 39 of 2017...

To further push the growth of Shariah banking, Indonesia's financial services authority, the OJK, issued Regulation No. 28 of 2019 on Synergy of Banks under One Ownership ...

At the G20 Summit being held in Bali this week, Indonesia President Joko Widodo and the leaders of the International Partners Group (IPG), co-led by the United States and Japan...

Financial services institutions and/or entities engaging in financial services must pay mandatory charges to the OJK.

Further to our previous client alert on the new KPPU merger regulation1 ("New Regulation") (click here to read), we set out below further details on asset acquisitions that are subject to KPPU

In January 2023, Indonesia enacted Law No. 4 of 2023 on Financial Sector Development and Strengthening, or in Indonesian Pengembangan dan Penguatan Sektor Keuangan (PPSK), which is better known as the Financial Sector Omnibus Law.

Indonesia's banking market has been growing rapidly along with the use of information technology and digital transactions.

On July 31, 2023, the Member of Board of Governors of Bank Indonesia ("BI") issued a second amendment to the Member of Board of Governors Regulation No. 21/28/PADG/2019 on Monitoring of Foreign Exchange Traffic Activities...

Under the new Indonesian merger regulation ("2019 Merger Regulation"), businesses are required to notify their asset transactions to the Indonesia Competition Commission or the KPPU.

The government of Indonesia introduced additional requirements for employers hiring foreign nationals for short-term work purposes. Under these new requirements...

Towards the end of 2019, the Constitutional Court handed down a startling decision declaring certain articles in Law No. 42 of 1999 on Fiduciary Security ("Fiducia Law") on creditor's power to enforce

Government Regulation No. 71 of 2019 dated October 10, 2019 regarding the Implementation of Electronic System and Transactions.

SSEK Legal Alert is a monthly survey designed to keep our clients up to date with the latest legal developments in Indonesia.

Fintech products and services in Indonesia are mainly regulated by two government bodies, Bank Indonesia and the Financial Services Authority (OJK).