Blog Category: Legal Updates

New Regulation Strengthens Beneficial Ownership Reporting in Indonesia

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The Indonesian Ministry of Law has issued Regulation No. 2 of 2025 on the Verification and Supervision of Beneficial Owners of Corporations (“MOL Regulation No. 2/2025“), which came into force on February 4, 2025. It replaces Ministry of Law and Human Rights Regulation No. 21 of 2019. With stricter compliance requirements, enhanced verification procedures, and … New Regulation Strengthens Beneficial Ownership Reporting in Indonesia

Indonesia’s New Export Customs Rules: What DGCE Regulation 22/2024 Means for Businesses

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On December 18, 2024, Indonesia took a step toward modernizing its export customs system with the issuance of Director General of Customs and Excise (“DGCE“) Regulation No. 22/BC/2024 (“DGCE Regulation 22/2024“). Effective March 18, 2025, this regulation replaces DGCE No. 21/BC/2018 (“DGCE Regulation 21/2018”) and its amendment, DGCE No. 7/BC/2020 (“DGCE Regulation 7/2020”). DGCE Regulation … Indonesia’s New Export Customs Rules: What DGCE Regulation 22/2024 Means for Businesses

New Implementing Regulation in Indonesia on Carbon Capture Storage Activities in Licensed Areas

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With its vast CO₂ storage potential, Indonesia is positioning itself as a key player in global carbon capture and storage (“CCS”) efforts. Recognizing the need for clear regulations, the Government introduced Presidential Regulation No. 14 of 2024 (“PR 14/2024”), establishing a legal framework for CCS activities. This regulation outlines two distinct CCS schemes: one within … New Implementing Regulation in Indonesia on Carbon Capture Storage Activities in Licensed Areas

From Bappebti to OJK: Indonesia’s Crypto Regulation Just Changed

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As of January 10, 2025, regulatory and supervisory authority over crypto assets in Indonesia has officially transferred from the Indonesian Commodity Futures Trading Supervisory Body (Badan Pengawas   Perdagangan   Berjangka   Komoditi or “Bappebti”) to the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). The transfer was mandated by Government Regulation No. 49 of 2024 regarding Transfer … From Bappebti to OJK: Indonesia’s Crypto Regulation Just Changed

Construction and Projects in Indonesia – Practical Law Guide

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SSEK Law Firm partner Denny Rahmansyah and associate Axel Cross have contributed a Q&A guide to Construction and Projects in Indonesia. This guide provides an overview of construction and projects law and practice in Indonesia. It discusses, among other topics, the use of standard forms of contracts, the allocation of risks, and summarizes the legal … Construction and Projects in Indonesia – Practical Law Guide

Strengthening Indonesia’s Financial Sector: Key Impacts of OJK Regulation No. 40/2024 on IT-Based Co-Funding Services

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On December 24, 2024, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued a regulation aimed at improving the oversight and operational framework for peer-to-peer (“P2P”) lending platforms in the country (“P2P Organizers”). This new regulation is OJK Regulation No. 40 of 2024 regarding Information Technology-Based Co-Funding Services (“OJK Reg. 40/2024”), which supersedes OJK … Strengthening Indonesia’s Financial Sector: Key Impacts of OJK Regulation No. 40/2024 on IT-Based Co-Funding Services

Why Certified Lighters Matter: New Indonesian Standards and Industry Compliance

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On October 15, 2024, Indonesia issued Minister of Industry Regulation No. 51 of 2024 (“MOI Reg 51/2024”), introducing updated safety standards for lighters under the Indonesian National Standard (Standar Nasional Indonesia or “SNI”) framework. These new rules replace MOI Reg 72/2010 and mandate compliance with the updated SNI certification requirements. The updates target improved safety … Why Certified Lighters Matter: New Indonesian Standards and Industry Compliance

Indonesia Legal Update: Clarification on Tax Disputes

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Indonesia’s Supreme Court on December 17, 2024, issued a circular letter that, among other things, addresses several significant tax-related issues and aims to promote consistency in Indonesia’s tax jurisprudence. Circular Letter of the Supreme Court of Indonesia No. 2/2024 (“SEMA No. 2/2024”) implements the results of a plenary meeting of the Chambers of the Supreme … Indonesia Legal Update: Clarification on Tax Disputes