news & insights - Gaffar & Co. Law

Steps on the E-Licensing in Bank Indonesia

September 24, 2021

“Within the implementation of Bank Indonesia Licensing FO based on PBI 22/2020, the licensing application has been proceeded through one integrated system (E-Licensing Bank Indonesia).” In May 2020, Bank Indonesia introduced one-stop integrated licensing services in Bank Indonesia, namely Licensing Front Office (FO). Licensing FO has formed based on Bank Indonesia Regulation No. 22/8/PBI/2020 on Integrated Licensing of Bank Indonesia through Licensing FO (“PBI 22/2020”). Prior to the implementation of

Minister of Law and Human Rights Regulation Number 34 of 2021

September 16, 2021

Regulation Update – Minister of Law and Human Rights Regulation Number 34 of 2021 on Issuance of Visa and Stay Permit during the Handling Period of Corona Virus Disease 2019 Outbreak and National Economy Recovery (MoLHR 34/2021) Previously, the Government of Indonesia issued the Regulation of the Minister for Law and Human Rights of the Republic of Indonesia Number 27 the Year 2021 regarding Restriction of Access for foreign nationals

Legal Due Diligence on the Payment System Licensing

September 2, 2021

“According to Bank Indonesia Regulation on Payment System Provider and Payment System Infrastructure Provider, the licensed applicant required legal due diligence from an independent law consultant.” Starting from 1 July 2021, Bank Indonesia, through Bank Indonesia Regulation No. 22/23/PBI/2020 on Payment System (“PBI 22/2020”), has reformed the payment system provisions digitalization and innovation of payment systems. The reformation has reclassified the payment systems based on their activities and risk, including

Issuance of the Debt Securities without Public Offering

July 30, 2021

Issuance the Debt Securities without Public Offering “The issuance of EBUS without Public Offering still requires the submission process to the OJK, rating/guarantee process, using an arranger and monitoring agent (for non-public company), and registration in Indonesia Central Securities Depository.” To obtain business development funding, the company has an alternative in various financial instruments based on the company’s necessity. On the other hand, Indonesian Financial Authority (“Otoritas Jasa Keuangan” or

The Essential Things of An Annual General Meeting

July 23, 2021

“According to Article 78 of UUPT, there are two kinds of GMS, which are annual GMS and other GMS. Each, have their own functions and criteria.” According to the Law Number 40 of 2007 on Limited Liability Company (“UU PT”), The General Meeting of Shareholders (“GMS“) is the organ of a Company that has authority not given to the Board of Directors or the Board of Commissioners, within limits as

Discover insight through our challenging cases.

Steps on the E-Licensing in Bank Indonesia

Minister of Law and Human Rights Regulation Number 34 of 2021

Legal Due Diligence on the Payment System Licensing

Issuance of the Debt Securities without Public Offering

The Essential Things of An Annual General Meeting