Client Alert

Client Alert: Securities Crowdfunding as an Alternative Source of Funding

Leave a Comment / 2024, Client Alert /

Securities Crowdfunding as an Alternative Source of Funding Based on the 2024 National Survey on Financial Literacy and Inclusion conducted by the Financial Services Authority (“OJK”) in collaboration with the Central Bureau of Statistics (BPS), the financial literacy rate in Indonesia reached 65.43% and the financial inclusion rate stood at 75.02%. Despite this progress, challenges […]

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Client Alert: Effective Recently: New Regulation POJK 4/2024 Expands Share Ownership Reporting Requirements to Include Encumbrances

Leave a Comment / 2024, Client Alert /

Effective Recently: New Regulation POJK 4/2024 Expands Share Ownership Reporting Requirements to Include Encumbrances The Indonesia Financial Services Authority (“OJK”) issued OJK Regulation (“POJK”) No. 4 of 2024 on Reports on Ownership of or Any Changes in Shares Ownership in Public Companies and Reports on Pledge over Public Companies Shares (“POJK 4/2024”) on 28 February

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New Regulation on Digital Services by Commercial Banks

New Regulation on Digital Services by Commercial Banks

Leave a Comment / 2024, Client Alert /

Digital Services by Commercial Banks As public demand for digital-based banking services in Indonesia grows rapidly the past few years, banks are encouraged to continue developing and innovating in this area. In response to the need to develop services in the areas of risk management, consumer data security, and consumer protection, the Financial Services Authority/Otoritas

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Equity Participation Activities by Commercial Banks

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

2022, Client Alert /

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

Leave a Comment / 2022, Client Alert /

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

Leave a Comment / 2022, Client Alert /

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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Indonesia Green Taxonomy, Towards Sustainable Finance Principles Conformity

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

Leave a Comment / 2022, Client Alert /

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

Leave a Comment / 2022, Client Alert /

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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An Individual Now Is Able to Establish a Limited Liability Company Businesses Government

An Individual Now Is Able to Establish a Limited Liability Company

Leave a Comment / 2021, Client Alert /

Law No. 40 of 2007 on the Limited Liability Companies (the “Company Law”) has been amended by Law No. 11 of 2020 on the Job Creation (the “Omnibus Law”), in which introduces several aspects related to the micro and small-scale businesses. Following the issuance of the Omnibus Law, on the 2nd of February 2021, the

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