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Equity Crowdfunding Without Initial Public Offerings?

September 25, 2019

“Please note that Public Offerings from Equity Crowdfunding process will not consider as Public Offerings as defined in Law No. 8 of 1995 on Capital Market if it is matched with the criteria as mentioned in Regulation Number 37/POJK.04/2018 on Information Technology Based Crowdfunding Services via Public Offerings (Equity Crowdfunding).” Information Technology (IT) development has grown dramatically over this past few years, it resulted many changes includes business landscapes. Nonetheless,

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Latest Update on Small Claim Court Settlement Procedure

September 17, 2019

“The most significant change is could be seen on Article 1 (1) of Supreme Court Regulation 4/2019 by increasing the maximum amount of the claim to IDR 500,000,000 (five hundred million rupiahs) where it is previously set at IDR 200,000,000 (two hundred million rupiahs)” On 20 August 2019, the Supreme Court issued Regulation No. 4 of 2019 Concerning the Amendment to Supreme Court Regulation No. 2 of 2015 Concerning Small

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Latest Update on Investor’s Stay Permit Regulation

September 12, 2019

“BKPM and the Immigration confirmed that there is no longer requires the BKPM Recommendation in applying for Investor Visa. However, the Investor should be stated as a shareholder of the Company with a minimum of shares IDR 1,125,000,000 (one billion one hundred and twenty-five million Rupiah) and if the Investor also having a position as a Director or the Commissioner in the Company, the minimum of shares should be IDR1,000,000,000

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Update on Outsourcing Company Regulation

September 9, 2019

“The provision to register within 30 working days since the signing of the outsourcing agreement is repealed” Since the issuance of Government Regulation No. 24 of 2018, gradually regulations related to license issuance are integrated to the OSS system, including provisions in regards to diversion of work implementation to another company that provides worker services or labour that is commonly known as outsourcing companies. The outsourcing scheme is generally regulated

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Controversies of Cryptocurrency in Indonesia?

April 16, 2019

“This crypto products trading has been going for some years without any legal clarity, until the Ministry of Trade finally decided to put crypto products under the jurisdiction of commodity trading.” Most people nowadays probably have heard of bitcoin or other similar products such as Litecoin, Dogecoin, Ripple and many others. These crypto based tech products are often known as cryptocurrency. Despite being quite new, they have attracted attentions and

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