TRADING ROBOTS: AN INDONESIAN REGULATORY PERSPECTIVE
Jakarta, 24 March 2022

Introduction In recent years, the financial sector has developed exponentially. Trade which used to be reliant purely on humans, are now starting to be digitalized, and have complex systems and algorithms in place to support it. One of the rising phenomena in Indonesia’s financial sector today is trading robot, whereby algorithms are put in place to execute financial decisions, such as whether to buy or sell a certain asset.

Read more
FINANCIAL TECHNOLOGY ASSOCIATIONS IN INDONESIA
Jakarta, 5 January 2022

Financial Technology or Fintech for short, are innovations in the financial services industry which uses technology to ease its usage and is done through systems which are developed to operate and run certain specific transactions. It is used to improve the quality and also access to the various financial services used in day-to-day life.

Read more
MORATORIUM ON CLAIMS FOR SUSPENSION OF DEBT PAYMENT AND BANKRUPTCY
Jakarta, 12 October 2021

The Government of Indonesia has publicly announced an increase of 430 (four hundred and thirty) submissions Suspension of Debt Payment (Penundaan Kewajiban Pemabayaran Utang or PKPU) and bankruptcy cases in Indonesia during the pandemic. The Coordinating Minister of Economic Affairs of the Republic of Indonesia, Airlangga Hartanto, in the 31st National Working Meeting of the Indonesian Employers Association (Asosiasi Pengusaha Indonesia or APINDO), 

Read more
TAXATION CLUSTER ON LAW NUMBER 11 OF 2020
Jakarta, 30 April 2021

Taxation Cluster is one of the most necessary regulations to understand in Law Number 11 of 2020 regarding Job Creation (Law 11/2020). Included within Chapter VI about ease of doing business, these changes in tax regulations were made with the following objectives:

Read more
PERMIT FOR FUNDRAISING FOR SOCIAL PURPOSE
Jakarta, 8 March 2021

The year 2020 was arguably one of the harder times to bypass, knowingly due to the corona virus pandemic (COVID-19) that has spread throughout the world, including Indonesia. The beginning of 2021 will certainly make people pray and hope that the COVID-19 pandemic will disappear from the face of the Earth and return to a new, exciting era.

Mutual cooperation to help others is something that is often done, but what the public is not all aware of is that a fundraising campaign is required to be held by an organization or institution (Applicant). These requires a specific permit from the Minister of Social Welfare (Kemsos) namely the Izin Pengumpulan Uang atau Barang (IPUB) permit, which can be applied through a representative from the regional one-stop integrated services (PTSP).

Read more
THE TRENDING INDONESIAN OMNIBUS LAW
Jakarta, 22 February 2021

On November 2nd, 2020, President of the Republic of Indonesia has signed the Law Number 11 of 2020 regarding Job Creation (RUU Cipta Kerja) or commonly referred to as the Omnibus Law, which is expected to restore Indonesia's economy by encouraging investment inflows, the creation of new businesses and jobs. In the second edition of the Black’s Law Dictionary, the term “omnibus bill” is mentioned as the following: In legislative practice, a bill including in one act various separate and distinct matters, and particularly one joining a number of different subjects in one measure in such a way as to compel the executive authority to accept provisions which he does not approve or else defeat the whole enactment.

Read more