SSEK Law Firm partner Winnie Yamashita Rolindrawan provides an in-depth overview of the fast-evolving fintech sector in Indonesia, including the licensing and marketing of fintech companies, in The Financial Technology Law Review. Fintech companies in Indonesia are regulated by Bank Indonesia (BI) and the Financial Services Authority (OJK), with each having its own scope of … Financial Technology – Indonesia
The President of Indonesia, Joko Widodo, recently enacted Government Regulation No. 36 of 2023 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36”). GR 36 stipulates new requirements for exporters of natural resources to deposit their foreign exchange export proceeds (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya … Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System
SSEK Law Firm partner Stephen Igor Warokka and associate Mutiara Kasih Ramadhani provide the latest information on port state control, marine casualties and owners’ liability, cargo claims, maritime liens and ship arrests, passenger claims, ship-owners’ income tax relief and the implications of Covid-19, environmental regulations and trade sanctions in Indonesia, in the Chambers and Partners … Shipping – Indonesia
The Legal 500 Insurance & Reinsurance: Indonesia provides a pragmatic overview of the law and practice of insurance and reinsurance law in Indonesia. The guide provides information about the current issues affecting insurance and reinsurance in Indonesia and addresses topics such as contract regulation, licensing, penalties, policyholder protection, and alternative dispute resolution. Regulation of insurance … Insurance and Reinsurance – Indonesia
Lexology Getting the Deal Through – Cryptoassets & Blockchain: Indonesia provides local insights into the legal and regulatory framework in Indonesia; use of cryptoassets for investment, financing, trading and payments; cryptocurrency mining; blockchain and other distributed ledger technologies; and recent trends. Legal framework for cryptoassets in Indonesia The crypto industry in Indonesia falls under the … Cryptoassets & Blockchain – Indonesia
The Indonesian Ministry of Environment and Forestry (“MOEF”) is continuing to develop the regulatory framework for carbon trading in Indonesia. First it issued an umbrella regulation, Presidential Regulation No. 98 of 2021 on Carbon Economic Value (the “CEV Regulation”), which was followed by MOEF Regulation No. 21 of 2022 (“MOEF Regulation 21/2022”). Now the MOEF … Legal Alert: Indonesia – New Regulation on Carbon Trading for the Forestry Sector
The Corporate Immigration Review: Indonesia surveys and analyses the most noteworthy aspects of business immigration law and practice in Indonesia, with a focus on the most consequential recent developments. In addition to providing an insightful introduction to the immigration framework in Indonesia, it also covers key international treaty obligations; residence rights; requirements for employer-sponsored workers; … Corporate Immigration – Indonesia
The key renewable energy regulations in Indonesia are: Law No. 30 of 2007 regarding Energy (“Energy Law”); and Law No. 30 of 2009 regarding Electricity, as amended by Government Regulation in Lieu of Law No. 2 of 2022 regarding Job Creation (“Job Creation GRL”) (“Electricity Law”). There are also regulations for specific renewable sources … Overview of the Renewable Energy Sector in Indonesia
The Indonesian government continues taking steps to ensure legal certainty over Indonesia’s plan to relocate its capital from Jakarta to the Capital City of Nusantara (Ibu Kota Nusantara or “IKN”), as it recently issued Government Regulation (“GR”) No. 27 of 2023 dated May 15, 2023, regarding the Special Authorities of the IKN Authority (“GR 27/2023”). … Indonesia Capital City of Nusantara: New Regulation Establishes Special Authorities of IKN Authority
Indonesia’s Constitutional Court recently issued a decision on the reform of the Tax Court that will see authority over the organizational development, administration and financing of the Tax Court transferred from the Ministry of Finance to the Supreme Court. Constitutional Court decision No. 26/PUU-XXI/2023 was issued on May 3, 2023, but was only made public … Indonesia Tax Court Reform: Authority Over Tax Court Moves from Finance Ministry to Supreme Court
