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An Investment Activity Report [LKPM]: An Obligation for PMA Company

November 12, 2020

“The purpose of LKPM serve as means of conveying report on investment realization and communication between BKPM and business actors, including the PMA Company.” Law Number 25 of 2017 on Capital Investment (“Investment Law”) has obliged all business actors to create Investment Activity Report (“Laporan Kegiatan Penanaman Modal” or “LKPM”) and submitted to Indonesia Investment Coordinating Board (“Badan Koordinasi Penanaman Modal” or “BKPM”) in quarterly. The purpose of LKPM serve

Legal Compliance for E-Commerce Company

October 12, 2020

”The Parties that conduct E-Commerce activity has legal compliance including specific license, namely SIUPMSE, obligation to have Electronic System Provider Certificate, use an Indonesian domain name (dot id), and so forth.” To face the growth of Electronic Commerce (“E-Commerce”) activity in Indonesia, Indonesia Government has issued the Government Regulation No. 80 of 2019 on Commerce through Electronic System (“GR 80/2019”) and Regulation of Minister of Trade No. 50 of 2020

Types of Business Activities Covered by Web Portal

October 5, 2020

“As a relatively recent business field in Indonesia, the operation of Web Portal has not been thoroughly or specifically regulated. However, considering the enormous scope of the business field, multiple laws and regulations apply to the business field of Web Portal by inference.” In Indonesia, business fields are regulated in a standard classification. In an attempt to accommodate the growing market sectors, this classification is constantly updated. Currently, business fields

Financial Technology on Payment System in Indonesia

October 1, 2020

Author: Kristalia Andiani Puteri with Felicia Cindy Hanubrata “The rise of Financial Technology (“fintech“) must be accompanied by adequate regulation, supervision and monitoring as stipulated by Bank Indonesia Regulation No. 19/12/PBI/2017. Furthermore, Bank Indonesia introduced the categorisation of payment service providers and cooperation between the fintech and payment service providers through Bank Indonesia Regulation No. 23/6/2021.” Financial Technology The technology has significantly influenced the financial sector, leading to innovative intersections

MERGER AND ACQUISITION: LEGAL PERSPECTIVE IN CORPORATE ACTIONS

September 28, 2020

Author: Yohana Veronica Tanjung “In Indonesia, companies are entitled to endure company restructuration, including Merger and Acquisition. While these corporate actions may solely derive from a business strategy, there are multiple legal aspects that must not be overlooked.” Pursuant to the Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Law No. 6 of 2023 concerning the Enactment of Government Regulation in Lieu of Law No.

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An Investment Activity Report [LKPM]: An Obligation for PMA Company

Legal Compliance for E-Commerce Company

Types of Business Activities Covered by Web Portal

Financial Technology on Payment System in Indonesia

MERGER AND ACQUISITION: LEGAL PERSPECTIVE IN CORPORATE ACTIONS