Implementation of Minister of Trade Regulation No. 31 of 2023 On Business Licensing, Advertising, Guidance and Supervision of Businesses in Trade Through Electronic System
Update 10:30 - January 17, 2024

I. Background 1. The issuance of Minister of Trade Regulation No. 31 of 2023 on Business Licensing, Advertising, Guidance, and Supervision of Businesses in Trade Through Electronic System (“ Reg. 31/2023“) on 26 September 2023, is closely tied to the controversy that arose following the closure of TikTok Shop. The closure was rooted in a […]

MANDATORY REPORT OF JOB VACANCIES IN INDONESIA
Update 13:35 - December 07, 2023

 I.    Background 1.        On 25 September 2023, Presidential Regulation Number 57 of 2023 on the Mandatory Report of Job Vacancies (“PR 57/2023”) was issued. This regulatory milestone marks a substantial change, as it revokes and supersedes the long-standing Presidential Decree Number 4 of 1980 on Mandatory Report of Job Vacancies (“PD 4/1980”), which had been […]

INTRODUCTION AND IMPLEMENTATION OF “GOLDEN VISA” IN INDONESIA
Update 21:15 - October 08, 2023

I. Background 1. On 4 August 2023, Government of the Republic of Indonesia enacted Government Regulation Number 40 of 2023 concerning Fourth Amendment to Government Regulation Number 31 of 2013 concerning Implementing Regulation of Law Number 6 of 2011 on Immigration (“GR 40/2023”). The enactment of GR 40/2023 was followed by the enactment of its […]

KEY CHANGES ON INDONESIAN INSURANCE INDUSTRYBASED ON LAW NUMBER 4 OF 2023 ON DEVELOPMENT ANDREINFORCEMENT OF FINANCIAL SECTOR
Update 13:49 - July 17, 2023

  On 12 January 2023, the President of the Republic of Indonesia has signed the bill of Law number 4 of 2023 concerning Financial Sector Development and Reinforcement (“P2SK Law“). It aims to support, develop and reinforce financial sector in Indonesia, while also catching up with the current growth in the financial services industry. While […]

Law Number 27 of 2022 concerning Personal Data Protection REGULATORY APPROACH TO PERSONAL DATA PROTECTION AND HOW IT IMPACTS THE BUSINESS ACTORS
Update 10:27 - November 04, 2022

Law Number 27 of 2022 concerning Personal Data Protection REGULATORY APPROACH TO PERSONAL DATA PROTECTION AND HOW IT IMPACTS THE BUSINESS ACTORS 1. Background On 20 September 2022, the House of Representatives passed the much-anticipated bill on Personal Data Protection Law. Subsequently, on 17 October 2022, the President of the Republic of Indonesia enacted it […]

Financial Services Authority Regulation Number 6/POJK.07/2022 concerning Consumer and Community Protection in the Financial Services Sector: A REFINED REGULATORY APPROACH TO CONSUMER PROTECTION AND ITS IMPACT ON THE FINANCIAL SERVICES SECTOR
Update 10:42 - September 22, 2022

1. Background On 18 April 2022, the Financial Services Authority (“Otoritas Jasa Keuangan/OJK“) has issued Financial Services Authority Regulation number 6/POJK.07/2022 concerning Consumer and Community Protection in the Financial Services Sector (“POJK 6/2022“). This regulation is aimed at strengthening protection of customers of financial services, such as banks, insurance companies, pension funds, and peer-to-peer lending. […]