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News & Analysis

New Provision of the Payment Services Provider Licensing in Indonesia

20 December 2021 by Aldi Prapanca

The shifting within society to utilize non-cash payments in their transactions has flourished for the past couple of years. Especially since the global COVID-19 pandemic took place, the development of digital payment systems by companies that dedicate their effort to provide payment system ecosystems has been thriving.

News & Analysis

Further Elaboration of the Digital Bank Regulations in Indonesia

25 November 2021 by Nasoetion & Atyanto

The development of information technology in the digital era has brought changes in the management and operations of banks. The shifting from the traditional bank concept to the bank of the future is to encourage banking digitalization, among others, by setting-up a digital bank through the new establishment or transformation of an existing bank.

News & Analysis

Digital Era in Banking Activities

10 September 2021 by Ali Budiardjo Nugroho Reksodiputro - Indonesia

In line with the development of technology, consumers’ behavior in using financial services has shifted

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Legal Excellence: asialaw's Deal of the Month for December 2023

16 January 2024 by asialaw

asialaw's deal of the month for December 2023 is...

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DEAL OF THE MONTH - JUNE 2023

23 June 2023 by asialaw

asialaw's Deal of the Month for June 2023 is...

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LAWYER OF THE MONTH - JUNE 2023

23 June 2023 by asialaw

asialaw's Lawyer of the Month for June 2023 is...

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Revisiting 101 rule of Transfer Pricing in Indonesia

29 May 2023 by ABNR - Indonesia: Freddy Karyadi, Anastasia Irawati

As one of the designated Key Partners of the OECD, Indonesia has implemented some of the OECD’s Action Plans into its prevailing laws and regulations, including Action 8-10 concerning Transfer Pricing and Action 13 concerning Country-by-country Reporting.

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DEAL OF THE MONTH - APRIL 2023

19 April 2023 by asialaw

asialaw's Deal of the Month for April 2023 is...

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Legal Alert: Indonesia – New Merger Filing Regulation

13 April 2023 by SSEK Law Firm

Indonesia’s competition authority, the KPPU (Komisi Pengawas Persaingan Usaha), has issued a new merger filing regulation, KPPU Regulation No. 3 of 2023 regarding Evaluation of Merger, Consolidation, or Acquisition of Shares and/or Assets which May Result in Monopolistic Practices and/or Unfair Competition (“KPPU Reg 3/2023”). Because this regulation is so new, certain provisions may require further clarification. Nonetheless, based on the text of the regulation, the following appear to be the biggest changes under KPPU Reg 3/2023

News & Analysis

New Financial Sector Omnibus Law: Capital Market, Money Market, and Forex Market

27 March 2023 by Makarim & Taira S - Indonesia

Our dedicated series on the P2SK Law continues with our latest Advisory, which explores the changes brought by Chapter V, amending the Capital Market, Money Market, and Forex Market. Following the enactment of the P2SK Law, we can expect many new implementing regulations in the financial sector. Participants in the financial markets should anticipate compliance changes and prepare to quickly adapt to any necessary adjustments.