Blog Category: Legal Updates

Fintech in Indonesia – P2P Lending and Crowdfunding

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Peer-to-peer lending is specifically regulated in Indonesia under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. It provides the OJK the right to regulate and supervise peer-to-peer lending activities, including handling the registration and licensing of peer-to-peer lending platform providers. Peer-to-peer lending in Indonesia is described … Fintech in Indonesia – P2P Lending and Crowdfunding

E-commerce in Indonesia – Data Protection and Privacy

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In Indonesia, Ministry of Communication and Information (MOCI) Regulation No. 20 of 2016 on the Protection of Private Data in Electronic Systems (the Data Privacy Regulation) defines personal data as certain individual data, the authenticity of which is verified, sustained and maintained while its confidentiality remains protected. Any personal data may only be utilized within … E-commerce in Indonesia – Data Protection and Privacy

New Immigration Regulation Promises More Ease and Clarity for Foreigners in Indonesia

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(March 15, 2021) As a continuation of the Indonesian Government\'s stated goal to make Indonesia more investment friendly through the enactment of Law No. 11 of 2020 regarding Job Creation, a new Government Regulation (\"GR‚Äù) was issued and came into force on February 2, 2021. The new regulation is GR No. 48 of 2021 regarding … New Immigration Regulation Promises More Ease and Clarity for Foreigners in Indonesia

New Regulation Looks to Ease Process of Hiring Foreign Workers in Indonesia

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A new Government Regulation set to come into force on April 1, 2021, will introduce several changes that we view are meant to simplify the process for hiring expatriate workers in Indonesia and in turn attract greater investment into the country. The new regulation is Government Regulation No. 34 of 2021 regarding the Utilization of … New Regulation Looks to Ease Process of Hiring Foreign Workers in Indonesia

Employment Law Quarterly Update for Indonesia and Asia

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SSEK Legal Consultants has contributed the Indonesia section of the new Asia Employment Law: Quarterly Review of employment law developments across 15 jurisdictions in Asia. In this edition, experts from around Asia flag and comment on employment law developments during the fourth quarter of 2020 and highlight some of the major legislative, consultative, policy and … Employment Law Quarterly Update for Indonesia and Asia

Fintech in Indonesia – Consumer Lending

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Consumer lending is regulated in Indonesia, with a particular focus on information technology-based money lending services (peer-to-peer lending), as regulated under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. The OJK has the authority to regulate, register and issue licenses, as well as supervise the fintech … Fintech in Indonesia – Consumer Lending