FCPA Compliance Report-Episode 329, James Koukios
Buoyed by healthy GDP growth and rising consumer confidence, Indonesian M&A has been on a roll in recent years. Southeast Asia’s largest economy has largely evaded macroeconomic headwinds such as high inflation and weakening...more
Deal making has been running at a solid pace in Indonesia so far this year. In Q1 2023, 26 deals were recorded—a gain of 18% on the previous quarter by volume—for a total of US$2.2 billion. Value was down by 57% over the same...more
The worldwide emergence of cryptocurrencies has not escaped the Indonesian government's attention and it has announced its intention to regulate crypto-asset transactions. As the relevant authority to supervise commodities in...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 Indonesian Financial Services Authority (the OJK) will now manage the provisions of digital banking services by commercial banks through its recently issued regulation POJK 12/2018, effective 8 August 2018. POJK 12/2018...more
Until very recently, the Financial Services Authority (OJK) only regulated peer-to-peer fintech lending platforms (P2P Firms). A recently issued OJK regulation (POJK 13/2018) increases its regulatory mandate over fintech...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
An under-developed logistics infrastructure, a reliance on cash-on-delivery and foreign ownership and other regulatory restrictions have historically limited international expansion into the Indonesian eCommerce and FinTech...more
Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more
Indonesia is gaining popularity among both regional and international private equity funds. Demographics and economic forces increasingly portray Indonesia as a 'must-be-in' market....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
It wasn’t exactly a direct reaction to his testimony on the Hill, but Wells Fargo CEO John Stumpf didn’t do himself any favors there, and Wells Fargo’s Board has announced that it will claw back an estimated $41 million in...more