Expertise: Perbankan & Keuangan

Indonesia Legal Update: BI Regulations on Payment Systems

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Indonesia\'s central bank, Bank Indonesia (\"BI‚Äù), has issued several regulations that reform the legal framework for payment systems in Indonesia. BI Regulation No. 22/23/PBI/2020 concerning Payment Systems (\"BI Reg 22/2020‚Äù), issued on July 1, 2021, is an umbrella regulation that reclassifies payment system providers into: Payment System Providers (Penyedia Jasa Pembayaran or \"PJP‚Äù), which are … Indonesia Legal Update: BI Regulations on Payment Systems

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

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

SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia

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SSEK senior partner Ira A. Eddymurthy has been recognized in the new edition of Who\'s Who Legal: Banking. She was one of only five lawyers recognized in Indonesia. Who\'s Who Legal: Banking is an in-depth guide to the leading banking lawyers around the world. Recognized lawyers are singled out for their expertise in representing financial … SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia

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

SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia

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Ira A. Eddymurthy, a founding partner of SSEK Legal Consultants, has been recognized as a leading lawyer in Indonesia for banking in the 2020 edition of Who\'s Who Legal: Banking. Ira was one of only five lawyers recognized in Indonesia. Ira is a supervising partner of SSEK\'s banking and finance practice. Who\'s Who Legal notes that Ira … SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia

COVID-19: KPPU and OJK Address Mergers Between Problematic Banks in Indonesia

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By Ira A. Eddymurthy and Indrawan D. Yuriutomo In response to the COVID-19 pandemic and its possible effect on the banking and financial sectors, Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK‚Äù) has issued a regulation to encourage mergers between problematic banks. OJK Regulation No. 18/POJK/03/2020 regarding Written Order to Handle Problematic Banks (“POJK 18/2020“) … COVID-19: KPPU and OJK Address Mergers Between Problematic Banks in Indonesia

Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19

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The COVID-19 global pandemic has taken a toll on the Indonesian economy, underlining the need for financial institutions to have adequate liquidity in the face of uncertain times. In response, the Indonesian government issued Government Regulation in Lieu of Law No. 1 of 2020 on State Financial Policy for the Handling of COVID-19 and/or Other … Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19

SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia

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Ira A. Eddymurthy, a founding partner of SSEK Legal Consultants, has been recognized as a leading lawyer in Indonesia for banking in the 2020 edition of Who\'s Who Legal: Banking. Ira was one of only five lawyers recognized in Indonesia. Ira is a supervising partner of SSEK\'s banking and finance practice. Who\'s Who Legal notes that … SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia