Client Alert

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

An Individual Now Is Able to Establish a Limited Liability Company

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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Structured Warrant as Capital Market Product - OJK finally issued a regulation that governs the issuance of Structured Warrant

Structured Warrant as Capital Market Product – OJK finally issued a regulation that governs the issuance of Structured Warrant

Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) recently issued a long-awaited regulation with respect to warrants through the issuance of the OJK Regulation No. 8/POJK.04/2021 on the Structured Warrant (“POJK 8/2021”), which came into effect on 19 March 2021.

The newly introduced Structured Warrant is expected to increase the needs of market deepening, an alternative of investment, and hedging instruments in the capital market as well as to increase the liquidity of the trading in the stock exchange.

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A More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

To boost the country’s new investments, to promote a healthier business climate and to emphasize fair business competition within the framework of professional and accountable supervision, the government has enacted Law No. 11 of 2020 on the Job Creation (the “Omnibus Law“). The Omnibus Law has amended several laws, including Law No. 5 of 1999

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Issuance of Indonesia Government Regulation 182021 as Indonesia’s Property Business Incentives Right

Issuance of Government Regulation 18/2021 as Indonesia’s Property Business Incentives

To overcome various bureaucratic and regulatory barriers that impede the economic and business growth in Indonesia, President Joko Widodo issued Law No. 11 of 2020 on Job Creation (“Omnibus Law“), covering amendments to various laws and regulations, including the pre-existing regulations regarding land. To implement the Omnibus Law, the government on the 2nd of February

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