FCPA Compliance Report-Episode 329, James Koukios
Construction begins on Southeast Asia's largest floating solar power plant in Indonesia - In early August 2021, plant developer PT PJB Masdar Solar Energi (PMSE) announced that it had reached financial closing for the 145...more
In the implementing of one of its duties to prevent corruption from happening in Indonesia, the Corruption Eradication Commission (KPK) as Indonesian Corruption Watchdog issued Circular Letter No. 19 of 2021 regarding...more
Indonesia’s efforts to achieve their Nationally Determined Contributions (NDC) established in accordance with the Paris Agreement are still considered by Climate Tracker to be “Highly Insufficient”. Whilst this keeps them out...more
New “priority list” for foreign investment The Indonesian government has issued Presidential Regulation No. 10 of 2021 (the “Regulation”) at the end of February, following the passage of its job creation law last year...more
The OJK introduced new regulation to facilitate the transformation of foreign bank branches into subsidiaries and address certain existing uncertainties in executing bank M&A. The key change is the introduction of branch...more
The Indonesian FinTech Association (Aftech) recently published a code of conduct providing guidance on ethical and responsible behavior (the code) for peer-to-peer financial technology (fintech) lending platforms that are...more
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
Indonesia, the world’s most populous Muslim nation, is currently taking action, at both the local and international levels, to distinguish the country in the global Islamic finance markets. Originally published in the...more
This alert will bring to your attention the significant measures the Indonesian government has taken to provide the regulatory environment necessary to germinate and stabilise their Islamic finance market including:...more
With the world's largest Muslim population, one might question why Indonesia’s Islamic finance market lags behind that of neighbouring Malaysia. In 2013 only 4.9% of total banking assets were held by Indonesian Islamic banks,...more