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Round-up: Indonesia – Welcoming 2020

2019 was an interesting year, especially politically and legally. Yet Indonesia has made it to 2020 better and stronger. ...more

Deposit requirement for natural resources export proceeds

On 10 January 2019 the Government of Indonesia issued a new regulation that further tightens control over the proceeds from the export of Indonesian natural resources. As a result, such proceeds must be retained in Indonesia,...more

Implementing regulations on the mandatory use of the Indonesian language issued

10 years after the enactment of Law No. 24 of 2009 on the State Flag, Language, Coat of Arms and Anthem (Language Law), the implementing regulations for the Language Law have finally been issued. On 30 September 2019, the...more

New OJK regulation on equity crowdfunding

Following the recent hype surrounding equity crowdfunding activities, particularly for startup companies, the Indonesian Financial Service Authority (Otoritas Jasa Keuangan or OJK) issued OJK Regulation No.37/POJK.04/2018...more

OJK issues new regulation to improve customer protection in the financial services sector

Through its recently-issued Regulation No. 18/POJK.07/2018 ("POJK 18/2018"), the Indonesian Financial Services Authority (the "OJK") now requires financial service companies (pelaku usaha jasa keuangan or "PUJKs") to...more

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