Month: October 2023

Reasons and Procedure for Annulment of Arbitral Award

Reasons and Procedure for Annulment of Arbitral Award Reasons and Procedure for Annulment of Arbitral Award

An application to annul an arbitral award may be made if the award is alleged to contain the following elements: (a) letters or documents submitted in the hearings which are admitted to be forged or are declared to be forgeries after the award has been rendered; (b) documents are found after the award has been […]

Regulatory Sandbox in the Digital Finance Innovation Company

Regulatory Sandbox in the Digital Finance Innovation Company Regulatory Sandbox in the Digital Finance Innovation Company

“The Financial Services Authority (“OJK”) organizes the regulatory sandbox mechanism to ensure the business model includes its legal compliances and financial aspects meet the Digital Finance Innovation criteria as stipulated in the Financial Services Authority Regulation No. 13/POJK.02/2018 concerning Digital Finance Innovation. ” The development of Information and Technology has had a significant impact, especially […]

Procedure for Amendment of Articles of Association

Procedure for Amendment of Articles of Association Procedure for Amendment of Articles of Association

“Amendments to the Articles of Association must be stipulated in the General Meeting of Shareholder (“GMS”) and made in the form of a notarial deed in Indonesian. Further, the amendment shall obtain approval or acknowledgement from the Minister of Law and Human Rights, depending on type of the agenda as stated in Law 40/2007.” Based […]