“Regarding to Capital Market and Public Companies sector in Indonesia, there are additional requirements for legal consultants to be eligible to conduct LDD as required by The Indonesian Financial Services Authority (“OJK”). Legal Due Diligence (“LDD”) can be seen as a procedure for mitigating risk. The risk referred to is closely related to the transaction […]
“Arbitration as an alternative dispute settlement forum has unique characters that consider more beneficial to the business actor than dispute settlement in the court.” In Indonesia, legal disputes can be settled in or outside the court. The process of dispute settlement in court is usually referred to as litigation, while the process of dispute settlement […]
Issuance the Debt Securities without Public Offering “The issuance of EBUS without Public Offering still requires the submission process to the OJK, rating/guarantee process, using an arranger and monitoring agent (for non-public company), and registration in Indonesia Central Securities Depository.” To obtain business development funding, the company has an alternative in various financial instruments based […]
“Fintech Providers in Indonesia have responsibilities according to the type of business and its regulation.” Within the development of the Financial Technology (“Fintech”) industry in Indonesia, the Fintech Providers had dealt with many platform’s problems faced by the consumers. The problems can be in the platform’s technical issues, investment losses, the event of default, and […]
“Following the promulgation of POJK 53/2017, BEI has introduced Papan Akselerasi as a medium for small or middle asset scale-company to get alternative funding through the capital market.” To provide the opportunity for an issuer with small asset scale or middle asset scale to obtain alternative funding through the capital market, the Indonesian Financial Services […]
PBI 23/2020 has amended Payment System regulation, which restructuring the regulatory framework for Payment System, including reclassifying the activities of the Payment System operator.
“With the issuance of POJK 57/2020, Financial Services Authority (OJK) has replaced the regulation governing crowdfunding activities Indonesia. As of December 2020, crowdfunding activities in Indonesia is allowed to include offerings of securities aside from equity-based securities, namely debt securities (obligation) and Sharia-based bonds (Sukuk).” In December 2020, Financial Services Authority (Otoritas Jasa Keuangan or […]
“KBLI 2020 has categorized fintech industry into specific code which adjusted based on its development.” Following the promulgation of Regulation of Head of Indonesia Central Bureau of Statistics No. 2 of 2020 on Indonesia Standard Industrial Classification (“Klasifikasi Baku Lapangan Usaha Indonesia” or “KBLI 2020”), KBLI category of financial technology (“fintech”) industry has categorized into […]
“KBLI 2020 has classified management consultancy business activity in category “702” which cover advice activity, instruction and operational assistance for business or organization in various management issues.” Management consultancy business is one of the economic activities that classified in Regulation of Indonesian Central Bureau Statistic No. 2 of 2020 on Standard Indonesian Business Field Classifications […]
The OJK through SEOJK 21/2020 mentioned specific aspects on creating a business plan for fintech lending company, including an evaluation of business plan in the previous period that has been established on 6 November 2020 and comes into force on the same date
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