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Equity Participation Activities by Commercial Banks

Client Alert: Equity Participation Activities by Commercial Banks in Financial Services Companies

Equity Participation Activities by Commercial Banks in Financial Services Companies On 2 November 2022, the Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) issued OJK Regulation No. 22 of 2022 regarding the Equity Participation Activities by the Commercial Banks (“POJK 22/2022”). The financial services industry, including banking, is affected by the vast development of information technology. As …

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Client Alert: Enactment Of Financial Services Authority (OJK) Regulation On The Stock Split And Reverse Stock Split By Public Companies

ENACTMENT OF FINANCIAL SERVICES AUTHORITY (OJK) REGULATION ON THE STOCK SPLIT AND REVERSE STOCK SPLIT BY PUBLIC COMPANIES On 18 August 2022, the Financial Services Authority (“OJK”) issued the OJK Regulation No. 15/POJK.04/2022 of 2022 on the Stock Split and Reverse Stock Split by Public Companies (“POJK 15/2022”). Prior to the issuance of POJK 15/2022, …

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financial system

Client Alert: Consumer And Public Protection Within The Financial Services Sector

CONSUMER AND PUBLIC PROTECTION WITHIN THE FINANCIAL SERVICES SECTOR To create a financial system that grows in a sustainable and stable manner, and is capable of protecting the interests of consumers and society, Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) has issued OJK Regulation No. 6/POJK.07/2022 of 2022 on the Consumer and Public Protection within …

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Application of Income Tax

Client Alert: Application of Income Tax and Value-Added Tax for Peer-to-Peer (“P2P”) Lending Companies

Application of Income Tax and Value-Added Tax for Peer-to-Peer (“P2P”) Lending Companies Technological advances have been progressing rapidly along with the development of the internet on a wide scale, triggering the financial sector to adapt. In this day and age nearly all financial transactions can be conducted online. This ease of transaction escalates the number …

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Indonesia Green Taxonomy, Towards Sustainable Finance Principles Conformity

Client Alert: Indonesia Green Taxonomy, Towards Sustainable Finance Principles Conformity

Indonesia Green Taxonomy: Towards Sustainable Finance Principles Conformity The imminent threat of climate change that is occuring nowadays has become much more critical than ever. With the rise of concern to mitigate the risks of the climate change, countries have started taking action to undertake the effort to implement more sustainable approaches, especially in the …

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Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services

Client Alert: Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services

Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) has issued a Circular Letter No. 3/SEOJK.04/2022 of 2022 on the Mechanism and Procedure for the Determination of Equity Securities as Sharia Securities in the Information Technology-Based Crowdfunding Services (“Circular …

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Multiple Voting Shares: New Feature for Listed Tech Companies

We are featured in APG Quarterly Brief on 30 May 2022, covering the topic of “Multiple Voting Shares: New Feature for Listed Tech Companies”. A collaboration with the ASEAN Plus Group (APG).

The development of technology has positively impacted Indonesia’s economic condition, and this has induced the emergence of tech start-up companies that create innovations with high productivity and growth. The combination of innovations, markets and fundings has transformed such start-ups into companies with large capital and eventually into unicorns. These unicorn companies, or so-called “new economy” …

We are featured in APG Quarterly Brief on 30 May 2022, covering the topic of “Multiple Voting Shares: New Feature for Listed Tech Companies”. A collaboration with the ASEAN Plus Group (APG). Read More »