Category: Investment Regulatory & Corporate Secretarial

Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off

Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off

“ Although Company Law does not define the definition of Minority Shareholders, however in practice, Minority Shareholders are Shareholders who do not own a large number of shares in a Limited Liability Company.” Shareholders are one of the main elements in a Limited Liability Company. Shareholders have rights, obligations and interests that are protected in […]

Conducting an Investment Realization Report (LKPM) Through OSS Risk Based Approach

Conducting an Investment Realization Report (LKPM) Through OSS Risk Based Approach Conducting an Investment Realization Report (LKPM) Through OSS Risk Based Approach

“Business Actors must do LKPM Report in the stipulated reporting period. Since the second quarter of 2022, LKPM reporting is no longer through the link https://lkpmonline.bkpm.go.id/ or SPIPISE, but directly through the OSS Risk Based Approach system in the reporting section, where data submission to make LKPM reports is done through OSS.” To run a […]

Legal Compliances of Crypto Traders in Indonesia

Legal Compliances of Crypto Traders in Indonesia Legal Compliances of Crypto Traders in Indonesia

“Furthermore, the Traders must maintain its net capital adjusted which shows the calculation of working capital. The net capital adjusted itself is the difference between current assets and liabilities.” In Indonesia, the crypto business is one of the active industries right now. The Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi, or “Bappebti”) […]

Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia

Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia

“The Overseas Bank Representative Office in Indonesia has limited activities, only as a liaison between the bank overseas and its customer in Indonesia. Furthermore, in conducting its activities, there are some mandatory reports to the OJK.“ The Financial Services Authority (“Otoritas Jasa Keuangan/OJK“), through their website, mentioned that currently, there are 25 (twenty-five) OverseasBank Representative […]

An Investment Activity Report [LKPM]: One of The Obligations for PMA Company

An Investment Activity Report [LKPM]: One of The Obligations for PMA Company An Investment Activity Report [LKPM]: One of The Obligations for PMA Company

“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 an Investment Activity Report (“Laporan Kegiatan Penanaman Modal” or “LKPM”) and submitted to Indonesia […]

Update on the Cryptocurrency Business in Indonesia

Update on the Cryptocurrency Business in Indonesia Update-on-the-Cryptocurrency-Business-in-Indonesia

“Cryptocurrency Business in Indonesia. Crypto development is currently regulated briefly under the Ministry of Information and Communication. On the other hand, crypto trading is regulated a bit more thoroughly as it has been acknowledged as commodities that can be traded under the supervision of Indonesia Commodity Futures Trading Regulatory Agency.” Nowadays, cryptocurrency has become quite […]

Foreign Capital Ownership on the Distribution Business

Foreign Capital Ownership on the Distribution Business Foreign Capital Ownership on the Distribution Business

“Distribution activity can also be performed by various parties, including distributor, agent, wholesaler, and even retailer. It should be particularly noted, especially by foreign capital investment, as each might have different permits and requirements despite being similar.” Business Actors of Distribution According to Government Regulation Number 29 of 2021 on Organization of the Trade Sector […]

Steps on the E-Licensing in Bank Indonesia

Steps on the E-Licensing in Bank Indonesia Steps on the E-Licensing in Bank Indonesia

“Within the implementation of Bank Indonesia Licensing FO based on PBI 22/2020, the licensing application has been proceeded through one integrated system (E-Licensing Bank Indonesia).” In May 2020, Bank Indonesia introduced one-stop integrated licensing services in Bank Indonesia, namely Licensing Front Office (FO). Licensing FO has formed based on Bank Indonesia Regulation No. 22/8/PBI/2020 on […]

Issuance of the Debt Securities without Public Offering

Issuance of the Debt Securities without Public Offering Issuance-of-the-Debt-Securities-without-Public-Offering

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 […]

Limitation on the Responsibility of Fintech Providers in Indonesia

Limitation on the Responsibility of Fintech Providers in Indonesia Foreign Electronic System Operator (ESOS/PSE) Registration in Indonesia

“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 […]