Affiliated Transactions Prohibition for Securities Crowdfunding Company

Author: Felicia Cindy Hanubrata “The Regulation of Financial Services Authority have laid out several activities that a Crowdfunding Company are prohibited from doing, including having affiliated relationship with an issuer” As defined in Article 1 Point 6 of Regulation of the Financial Services Authority No. 57/POJK.04/2020 of 2020 concerning Securities Offering through Technology-Based Crowdfunding as has been recently amended by Regulation of the Financial Services Authority No. 16/POJK.04/2021 of 2021

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The Implementation of E-Signature in the Agreement

Author: Naomi Catherine Felencia “The utilization of E-Signature has been accepted for any transaction as long as it fulfills the requirements in accordance with the prevailing laws and regulation.” E-Signature has the purpose as a tool to verify and authenticate the identity of the signer as well as to guarantee the integrity and authenticity of the document. E-Signature represents the identity of the signer which is verified based on electronic

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Impact of Non-Reporting Beneficial Ownership

Author: Felicia Cindy Hanubrata “Beneficial Ownership reporting is mandatory by law. Thus, companies must comply with the obligation to report.” Beneficial Owner Under the Regulation of the President of the Republic of Indonesia Number 13 of 2018 on the Implementation Of Know-Your-Beneficial-Owner Principle By Corporation For The Purpose Of Prevention And Eradication Of Money Laundering And Terrorism Financing (“PR 13/2018”), a Beneficial Owner is an individual who can appoint or

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The Difference Between Holding Company and Venture Capital

Author: Felicia Cindy Hanubrata “Holding companies and venture capital are permitted activities for foreign direct investment; however, their activities, requirements and conditions for their establishment vary.” Holding Company, its establishment and permits A holding company is a company that controls the assets of a group of subsidiary companies. Their main activity is ownership of the group but are not involved in the business activities of their subsidiary companies. Its activities

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Renewable Energy in Indonesia

Author: Kristalia Andiani Puteri and Felicia Cindy Hanubrata ” The current laws primarily focus on using renewable energy as sources of electrical power and fuel (bioenergy). Under the new regime, investment in the energy and power plants sector is 100% open to foreign capital investment”. The concept of renewable energy was introduced in Law No. 30 of 2007 on Energy (“Energy Law”) and Government Regulation No. 79 of 2014 on

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