Blog Category: Pembaruan Hukum

Fintech in Indonesia – P2P and Marketplace Lending

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In Indonesia, loan agreements in a peer-to-peer lending platform are acknowledged and regulated. Based on Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016, there are two agreements in a peer-to-peer lending scheme:   an agreement between the provider of the peer-to-peer lending service (the provider of … Fintech in Indonesia – P2P and Marketplace Lending

COVID-19 Vaccines: Rights and Obligations of Employers and Employees Under Indonesian Law

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In April 2021, Indonesia’s Ministry of Health issued Minister of Health Regulation No. 10/2021 (“MOHR 10/21“) regarding vaccinations in the context of the COVID-19 pandemic. MOHR 10/21 provides that there are two types of vaccination programs, those being the official government Vaccination Program (Program Vaksinasi) and a private scheme called Mutual Cooperation Vaccinations (Vaksin Gotong Royong). … COVID-19 Vaccines: Rights and Obligations of Employers and Employees Under Indonesian Law

Employment of Foreign Workers in Indonesia: Minister of Manpower Regulation No. 8 of 2021

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Following the enactment of Government Regulation No. 34 of 2021 regarding the Utilization of Foreign Workers (February 2, 2021) (\"GR 34/2021‚Äù), the Minister of Manpower (\"MOM‚Äù) has issued MOM Regulation No. 8/2021 regarding Implementing Regulation for Government Regulation No. 34 of 2021 regarding the Utilization of Foreign Workers (\"MOM Reg. 8/2021‚Äù), which entered into force … Employment of Foreign Workers in Indonesia: Minister of Manpower Regulation No. 8 of 2021

Indonesia Oil & Gas Regulation – Currency Exchange Restrictions

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The Indonesian Currency Law and Bank Indonesia (“BI”) Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah restrict most transactions within Indonesian territory from being carried out using foreign currency. Core upstream activities in Indonesia are exempted from this requirement for a certain period of time, such as expenditures in relation to the first three … Indonesia Oil & Gas Regulation – Currency Exchange Restrictions

Indonesia Omnibus Law on Job Creation and Implementing Regulations

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Indonesia\'s Omnibus Law (Law No. 11 of 2020 on Job Creation) was issued to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. It is a sea change for anyone doing business, investing and working in Indonesia. SSEK tracks key changes under … Indonesia Omnibus Law on Job Creation and Implementing Regulations

Fintech in Indonesia – Insurance Products, Credit References

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In principle, the selling and marketing of insurance products in Indonesia is regulated and licensed by the Financial Services Authority (OJK), although there seems to be no differentiation yet between fintech companies and companies that engage in the conventional selling and marketing of insurance products. In practice, licensed insurance companies in Indonesia have been selling … Fintech in Indonesia – Insurance Products, Credit References

Update on Indonesia’s Omnibus Law and Implementing Regulations – Oil and Gas Sector

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The Indonesian Government has enacted implementing regulations to Law No. 11 of 2020 on Jobs Creation (the “Omnibus Law“). The implementing regulation particularly relevant to the oil and gas sector is Government Regulation No. 5 of 2021 on the Implementation of Risk-Based Business Licensing (“GR 5/2021“), which was enacted on February 2, 2021. The regulation … Update on Indonesia’s Omnibus Law and Implementing Regulations – Oil and Gas Sector