ArticleLegal Developments UpdateA lot has happened in the past month or so, which perhaps can be said to set the tone for Indonesia for the remainder of 2019.IndonesiaFinance and BankingAssegaf Hamzah & Partners
ArticleIndonesia Ratified The Indonesia-Singapore Bilateral Investment TreatyOn 25 September 2020, President Joko Widodo signed Presidential Regulation No. 97 of 2020, which ratified the Agreement between the Indonesian government and the Singapore government on the Promotion and Protection IndonesiaInternational LawAssegaf Hamzah & Partners
ArticleOJK Re-Regulates Venture Capital BusinessOn December 28, 2015, the Financial Services Authority issued new regulations governing venture capital business, which was previously regulated by the Ministry of Finance,IndonesiaFinance and BankingAKSET Law
ArticleOJK Regulations Encourage Mergers Between BanksFollowing the enactment of Government Regulation in lieu of Law No. 1 of 2020, Indonesia's financial services authority, the OJK, has enacted several regulations designed to safeguard the stability of the financial system and deal ...IndonesiaFinance and BankingAssegaf Hamzah & Partners
ArticleImplications Of Foreign Ownership Of Indonesian CompaniesForeign investors have long used nominee arrangements to participate in industries on which the DNI imposes foreign equity restrictions. IndonesiaGovernment, Public SectorSSEK Law Firm
ArticleNew Regulation Requires Taxes For E-Commerce Players In IndonesiaPrompted by the disparity in the tax treatment between traditional retail activities and e-commerce, on December 31, 2018, Indonesia's Minister of Finance ("MOF") ...IndonesiaTaxSSEK Law Firm
ArticleNew Indonesian regulation restricting foreign currency use in Indonesia – impact on shipping companiesThe new regulations will impact on all companies operating in Indonesia, including shipping and ports services companies.IndonesiaTransportNorton Rose Fulbright Australia
ArticleLegal Alert August 2020Please find the SSEK Legal Alert for August 2020. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.IndonesiaEnergy and Natural ResourcesSSEK Law Firm
ArticleThe first OJK (Financial Services Authority) Regulation to come into force in August 2014This regulation mainly defines the obligations of Financial Services Business Actors in relation to consumer protection.IndonesiaFinance and BankingMakarim & Taira S.
ArticleIndonesia Overhauls Export Proceeds Requirements For Natural ResourcesThe Government of Indonesia is set to introduce a revised regulatory framework governing the placement of export proceeds derived from natural resources (Devisa Hasil Ekspor Sumber Daya Alam or "DHE SDA")...IndonesiaInternational LawSSEK Law Firm
ArticleNew OJK Regulation On Licensing And Organization Of Venture Capital CompaniesPOJK 34 was issued to improve the national economic growth and revitalize the venture capital sector. IndonesiaCorporate/Commercial LawMelli Darsa & Co
ArticleNew OJK Regulation On Technological Innovation In Indonesia's Financial SectorTo help regulate Technological Innovations in the Financial Sector (Inovasi Teknologi Sektor Keuangan or "ITSK"), Indonesia's Financial Services Authority...IndonesiaFinance and BankingSSEK Law Firm
ArticleOJK Integrates Business Plan Requirements For Non-Banking Financial Institutions (NBFIs)On 19 September 2019, the Financial Services Authority (OJK) issued OJK Regulation No. 24/POJK.05/2019 on Business Plans for non-banking financial institutions (NBFI Business Plan Regulation).IndonesiaFinance and BankingHogan Lovells
ArticleUnderstanding The Transition Of Supervisory Authority Over Digital Financial Assets In Indonesia From Bappebti (The Commodity Futures Trading Regulatory Agency) To OJK (The Financial Services Authority)On 10 January 2025, the supervision of crypto assets including cryptocurrency was effectively transferred from the Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi or "Bappebti") to the Financial Services Authority (Otoritas Jasa Keuangan "OJK"). IndonesiaFinance and BankingNusantara Legal Partnership
ArticleCentralised Exports Of Natural Resources – Key Highlights Of Government Regulation No. 24 Of 2026 On The Governance Of Export Of Strategic Natural Resource CommoditiesOn 20 May 2026, the President of the Republic of Indonesia enacted Government Regulation (“GR”) No. 24 of 2026 on the Governance of Export of Strategic Natural Resource Commodities (“GR 24/2026”), which took effect on 1 June 2026. Note that while GR 24/2026 is already in force, the requirement to export Strategic Commodities exclusively through the designated state-owned enterprise is subject to a separate transition deadline, discussed further below under "Transitional Arrangements".IndonesiaInternational LawNusantara Legal Partnership
ArticleOJK Tightens Its Grip On The Capital Markets Sector By Issuing Regulation On Private PlacementBack in November 2019, Indonesia's financial services authority, the OJK, issued a regulation on debt securities and sukukIndonesiaCorporate/Commercial LawAssegaf Hamzah & Partners
ArticleOJK Issues New Guidelines For Peer-To-Peer Lending BusinessOn November 8, 2023, the Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued OJK Circular Letter No. 19/SEOJK.06/2023 on the Implementation of Information...IndonesiaFinance and BankingAKSET Law
ArticleIndonesia Payment System Regulation: FAQ On The New Bank Indonesia Payment System Legal FrameworksIn connection with the Indonesia's payment system reformation as outlined by Central Bank of Indonesia ("BI") on its Payment System Blueprint 2025...IndonesiaFinance and BankingNusantara Legal Partnership
ArticleNew OJK Regulation On Bank Business PlanOn January 26, 2016, the Financial Services Authority (Otoritas Jasa Keuangan – "OJK") issued Rule No. 5/POJK.03/2016 concerning Bank Business Plan (Rencana Bisnis Bank – "RBB") ("POJK 5")...IndonesiaFinance and BankingAKSET Law