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 […]

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 […]

  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 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 […]

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. […]

Introduction Marine transport plays a vital role in global trade. Each year around 90% of global trade, approximately 11 billion tons of cargo, is transported by sea. [1]A Press Release by World Bank, “Digitalizing the Maritime Sector Set to Boost the Competitiveness and Resilience of Global Trade,” The World Bank (worldbank.org), Jan. 21, 2021. However, […]