Since being regulated and supervised by the Financial Services Authority (Otoritas Jasa Keuangan/“OJK”), more precisely in 2016, the development of the information technology-based lending and

Commercial banks are subject to various obligations that relate to different activities that involve the organization of IT within their institutions. Said banks obligations are

Dear Valued Clients and Colleagues, We are delighted to announce that Assegaf Kawilarang & Associates has been awarded as Rising Star Non-Litigation Law Firm of

On 12 July 2022, Indonesian government has enacted Government Regulation Number 24 of 2022 on the Implementing Regulation of Law Number 24 of 2019 on

Re-evaluating the Benefits of Contract-Based Employment, or Lack Thereof Under Indonesian employment law, employment may be established in the form of contract-based employment (perjanjian kerja

As of 1 July 2021, Bank of Indonesia (“BI”) Regulation Number 22/23/PBI/2020 of 2020 on Payment System (“PBI 22/2020”) which was issued on 30 December

Following the enactment of Bank of Indonesia (“BI”) Regulation Number 22/23/PBI/2020 of 2020 on Payment System (“PBI 22/2020”) which has become effective as of 1

As of 1 July 2021, Bank of Indonesia (“BI”) Regulation Number 22/23/PBI/2020 of 2020 on Payment System (“PBI 22/2020”) which was issued on 30 December

As an effort to boost investment and to improve business activities, Indonesia implements risk-based business licensing through the enactment of Law Number 11 of 2020

Enactment of New Government Regulation  Sheds Clarities on Employment Issues  On 2 February 2021, Indonesian government enacted Government Regulation Number 35 of 2021 on Contract-Based

By 2021, Indonesian Financial Services Authority (“OJK”) has finally issued the long-awaited Financial Services Authority Regulation Number 12/POJK.03/2021 on Commercial Bank (“POJK 12/2021”) which serves

POSITIVE INVESTMENT LIST ISSUED AT LAST  Indonesian government finally enacted positive investment list under Presidential Decree Number 10 of 2021 on Investment Business Fields (“Positive

Before 2020 ends, Indonesia Financial Authority (“OJK”) issued an OJK Regulation Number 57/POJK.04/2020 on Securities Offering Through Technology-Based Equity Crowdfunding Services (“OJK Reg 57/2020”) which

  NEWLY ISSUED MINISTER OF TRADE REGULATION  PROVIDING FURTHER CLARITY ON E-COMMERCE Background In an attempt to provide clarity with regard to the implementation of Government

Background Amidst months of nationwide protests and strong opposition from various stakeholders, President Joko “Jokowi” Widodo at last signed Law Number 11 of 2020 on

GOVERNMENT AMENDS REGULATION ON FOREIGN CAPITALS IN INSURANCE-RELATED COMPANIES Background On 20 January 2020, Indonesian government enacted Government Regulation Number 3 of 2020 which regulates

Two years following the enactment of Law Number 4 of 2016 on Public Housing Savings (“Law 4/2016”) in 2016, on 20 May 2020 Indonesian government

Introduction Over the past few weeks, global economic growth has been significantly affected due to Covid-19 pandemic, so does Indonesia. As of 13 April 2020,

GOVERNMENT LAUNCHES NEW REGULATION ON  E-COMMERCE For the purpose of the implementation of Article 66 of Law Number 7 of 2014 on Trade, the President

In an effort to streamline the licensing process in the financial services sector and also to keep up with technology advancement and globalization rapidly happening

The government said it would ease procedures to boost exports, with the aim of bolstering the country’s current account, as the trade deficit was recorded

The office for the online single submission system (OSS), an integrated government licensing service, was moved to the Investment Coordinating Board (BKPM) on Wednesday from

The government is in the process of issuing a new regulation on coal miners, which is aimed at strengthening the position of the government. Under the planned regulation, contracts of work (PKP2B) will be replaced by the special mining permit (IUPK).