Year Category: 2025

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

Guide to Joint Ventures in Indonesia

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SSEK Law Firm partner Dewi Savitri Reni and senior associate Vinka Damiandra A. Larasati contributed the Indonesia chapter to a global practice guide to joint ventures. The Indonesia joint venture guide provides up-to-date legal guidance on JV vehicles, regulation, legal developments and market trends, term negotiation and agreement documentation, board structure, IP and ESG issues, … Guide to Joint Ventures in Indonesia

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

Brief Look at the Legal Framework for Commercial Litigation in Indonesia

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Indonesia’s main legal framework is based on the civil law system, adopted from Dutch colonial law. This system is primarily founded on written laws and statutes, rather than case law or judicial precedent, which is more characteristic of common law systems. Indonesia also recognizes customary law and religious law. The primary sources of law include … Brief Look at the Legal Framework for Commercial Litigation in Indonesia