When the Indonesian Company Law (“Law Number 40 of 2007“) was enacted more than a decade ago, it introduced, through Article 77, the possibility of convening a General Meeting of Shareholders (“GMS“) virtually, such as through an electronic platform with video or teleconference facilities (“E-GMS“). In practice, however, the use of E-GMS has been uncommon … Indonesia’s OJK Introduces Electronic GMS Regulations
A draft law on personal data protection (“PDP Draft Law“) has been signed by Indonesian President Joko Widodo and is being discussed by the House of Representatives. Several government officials have been quoted in the media saying they expect the PDP Draft Law to be passed and enacted in 2020. This article looks at some … Prohibitions, Restrictions Under Indonesia’s Personal Data Protection Draft Law
Indonesia appears ready to enact a new law on the protection of personal data. A draft law on personal data protection (“PDP Draft Law“) has been signed by President Joko Widodo and is being discussed by the House of Representatives. Several government officials have been quoted in media reports saying they expect the PDP Draft … Indonesia Contemplates Changes to How Personal Data Is Handled
Indonesia appears ready to enact a new law on the protection of personal data. A draft law on personal data protection (“PDP Draft Law“) has been signed by President Joko Widodo and is being discussed by the House of Representatives. Several government officials have been quoted in the media saying they expect the PDP Draft … With GDPR as Guide, Indonesia Nears Major Changes to Rights of Personal Data Owners
After a number of data breaches underlined the urgency of comprehensive data protection rules, Indonesia expects to pass a data protection law in 2020, despite the ongoing COVID-19 pandemic and associated lockdowns. On January 24, 2020, Indonesian President Joko Widodo signed a draft law on personal data protection (the “PDP Draft Law“). The PDP Draft … Indonesia’s New Data Protection Rules Move Toward Passage
Indonesia’s Minister of Finance (“MOF“) recently issued a regulation on the imposition of value-added tax (“VAT“) on intangible taxable goods and services, including digital goods and services, from foreign technology companies that are utilized in Indonesia. These new rules on VAT are contained in MOF Regulation No. 48/PMK.03/2020 regarding Procedures for the Appointment of Collectors … Indonesian Government Imposes VAT on Imported Digital Goods and Services
Indonesia is set to tax tech companies that may or may not have a legal presence in the country, as electronic transactions and the use of streaming services and online telecom apps have increased notably during the COVID-19 pandemic. The legal basis for this measure is the recently enacted emergency bill Government Regulation in Lieu … Indonesia Targets Taxation of Tech Companies to Boost Economy Amid Covid-19
By Stephen Igor Warokka and Albertus Jonathan Sukardi The COVID-19 outbreak has forced most of us to adapt to new ways of working and doing business. We are attending online meetings instead of physical ones, webinars have replaced seminars, and we are e-filing whatever documents we can. Countries around the world have imposed physical distancing, … Electronic Signatures in Indonesia: New Focus on Not-So-New Innovation
The Indonesian Financial Services Authority (OJK) announced in a press release on February 24, 2020, that it was temporarily halting any new registrations for financial technology (fintech) lending. This moratorium is to allow the OJK to improve its supervision system and to better anticipate potential issues, with the goal of improving the overall quality of … OJK Suspends New P2P Registrations
SSEK managing partner Denny Rahmansyah recently sat down with researchers from Nomura Research Institute (NRI), the leading and largest think tank and systems integrator in Japan, to discuss the development of Indonesian data protection regulations. Denny discussed the data protection regulatory landscape in Indonesia, including the data protection bill that is expected to be passed … SSEK Managing Partner Speaks with NRI about Indonesian Data Protection Regulations
