news & insights - Gaffar & Co. Law

Fiducia Security in Loan Agreement

February 25, 2022

“Fiducia Security is a Security Right upon the object, which still under possession of the debtor, as collateral for the repayment of the loan, which prioritizes the creditor against other creditors.” Indonesian Law has stipulated creditor’s rights within a loan transaction either from bank/financial institutions or individual (private). Within the loan transaction, the creditor has the right upon the debtor’s wealth to ensure the loan repayment already obtained by the

Digital Stamp Duty on the Digital Agreement

February 10, 2022

“Digital stamp duty has issued to accompany the development of digital technology, including electronic transaction which uses electronic document during the transaction process.” On 1 October 2021, the Minister of Finance has launched Digital Stamp Duty (“e-Stamp Duty”) at the same time as the publication of Minister of Finance Regulation No. 134/PMK.03/2021 on the Payment of Stamp Duty Fee, General Characteristics and Special Features on Seal Stamp Duty, Unique Codes

Update on the Cryptocurrency Business in Indonesia

January 20, 2022

“Cryptocurrency Business in Indonesia. Crypto development is currently regulated briefly under the Ministry of Information and Communication. On the other hand, crypto trading is regulated a bit more thoroughly as it has been acknowledged as commodities that can be traded under the supervision of Indonesia Commodity Futures Trading Regulatory Agency.” Nowadays, cryptocurrency has become quite common. It is no longer just a concept but has been integrated into many aspects,

Highlight on the Franchise Agreement in Indonesia

January 5, 2022

“With franchise system, the business actor could enter into an agreement with the original business owner to establish a business which uses the same system, products, and even intellectual property as the original business as if they are a branch of the same business.” According to Government Regulation Number 42 of 2007 on Franchise (“PP 42/2007”), franchise is a special right owned by an individual or business entity over a

Covid Task Force Circular Letter Number 23 of 2021 on Health Protocol for International Travel during Corona Virus Disease 2019 (Covid-19) Pandemic

December 1, 2021

Covid Task Force Circular Letter Number 23 of 2021 – For the purpose of preventing the rising of transmission of Covid-19 including the new mutated variant such as SARS-CoV-2 variant B.1.1.529 which was found on several countries, there is a need to stipulate Circular Letter on Health Protocol for International Travel during Corona Virus Disease 2019 (Covid-19) Pandemic as follows: 1. Indonesian Citizen (WNI) with travel history from overseas is

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Fiducia Security in Loan Agreement

Digital Stamp Duty on the Digital Agreement

Update on the Cryptocurrency Business in Indonesia

Highlight on the Franchise Agreement in Indonesia

Covid Task Force Circular Letter Number 23 of 2021 on Health Protocol for International Travel during Corona Virus Disease 2019 (Covid-19) Pandemic