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Updated Financial Sector Regulation

The World Health Organization (WHO) has stipulated the status of Coronavirus Disease 2019 (Covid-19) global outbreak as Pandemic. This unprecedented global outbreak has rapidly spread and affected almost every country in this world, aside from its health and clinical impact threat, the pandemic has also brought negative impact to many other sectors such as the economy, many countries see that the pandemic has turned into a major threat to the

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Differences Between Negotiation and Mediation from Indonesia Dispute Resolution Law Perspective

“In general, alternative dispute resolution options can be grouped into two, one which uses assistance of a 3rd party and one which doesn’t. Mediation belongs to the first group, while negotiation belongs to the later.” It is commonly known that when two parties have a legal dispute, they could settle it in court. However, there exist several other dispute settlement options outside the court, or also known as Alternative Dispute

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Syndicated Loan Agreement

“Syndicated loan agreement is a type of the loan agreement which usually proposed to the large-scale projects like the infrastructure of the highway, power plant, and oil refinery) that provided by a group of Bank to one Debtor, as the amount of loan is too larger to given by one bank.” A Bank is a financial service institution that collects funds from public (“saving”) and channels back to whom that

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Subrogation, Cessie, and Novation Related to Loan Agreements

“Parties bound by a loan agreement are entitled to conduct a transfer of debts or receivables by one of three means of transfer under the Indonesian Civil Code. Considering the differing aspects of the three, the parties are free to choose any means most suitable for their needs.” Within the contracts law, the parties bound by an agreement are legally entitled to transfer their debts or receivables to another party

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Steps Hiring Expatriate for Financial Services Industry

“OJK has a specific requirement in hiring expatriate for the Financial Services Industry, both Banking and Non-Banking.” The promulgation of Government Regulation No. 24 of 2018 concerning Electronically Integrated Business Licensing Services (“GR 24/2018”) has enforced efficiency procedural of business licensing into one electronic integrated system. GR 24/2018 stipulates Online Single Submission (“OSS”) that provided business licensing facilities including but not limited to Foreign Workers Recruitment Plan (“Rencana Penggunaan Tenaga

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