Yearly Archives: 2018

W&P Newsletter – Major changes to electronic money regulation, including new foreign ownership limit and restriction of holding multiple licenses in two different categories

June 11, 2018

I. Background Ever since the Indonesian central bank (Bank Indonesia, “BI”) permitted the use of electronic money (e-Money) as a non-cash payment facility and issued Bank Indonesia Regulation No. 11/12/PBI/2009 on Electronic Money (“PBI 2009”), the use of e-Money has significantly increased in Indonesia[1], which in turn indirectly stimulate the advance of fintech transactions. To… Read More

W&P – Showa Denko Advisory

June 8, 2018

Our M&A team, Mr. Luky Walalangi, Ms. Miriam Andreta, Mr. Hans Adiputra and Ms. Sinta Cestakarani advised Showa Denko on the structuring and successful divestment of Showa Denko from PT Indonesia Chemical Alumina (ICA), a company established in 2007, with a capital of USD 188,500,000 and annual production of 300,000 ton of chemical grade alumina (CGA)… Read More

W&P – The A-List: Indonesia’s Top 100 lawyers 2018

May 17, 2018

We are humbled and honored for the recognition by Asia Business Law Journal of Mr. Luky Walalangi as one of “The A List: Indonesia’s Top 100 Lawyers”. The list is made based on independent research and nominations from in-house counsel and international firms. We are grateful for our clients’ trust and acknowledgements; and at the… Read More

W&P Newsletter – Stricter Rules On Foreign Ownership In Insurance Companies

May 14, 2018

After years of waiting, on 18 April 2018, the Indonesian Government finally issued Government Regulation No. 14 of 2018 on Foreign Ownership in Insurance Companies (“GR 14/2018”). The previous regimes of the Indonesian insurance laws and regulations issued during 1992 through 2008 have experienced several changes, one of which is concerned with Foreign Ownership in… Read More

W&P Newsletter – Simplified New Rules on Foreign Workers (TKA) in Indonesia

April 9, 2018

President Joko Widodo has officially signed Presidential Regulation No. 20 of 2018 on Foreign Worker Utilization (“PR No. 20/2018”), which will come into force on 29 June 2018. Upon its forthcoming operation, the new regulation will replace and revoke Presidential Regulation No. 72 of 2014 on Utilization of Foreign Workers and Implementation of Education and… Read More

W&P Newsletter – New Obligations On Post-Operation (Asr) Activities And Reserve Fund Allocation

April 1, 2018

The Ministry of Energy and Mineral Resources (“MEMR”) recently issued Regulation No. 15 of 2018 regarding the Post-Operation Activities in the Upstream Oil and Gas Industry (“MEMR Regulation No. 15/2018”), imposing new obligations with respect to Abandonment and Site Restoration (ASR) or post-operation activities on contractors. The regulation came into force on 23 February 2018… Read More

W&P – Berkarier Di Corporate Law Firm? Simak Dulu Penjelasan Lawyer Walalangi & Partners

March 28, 2018

One of the many goals that W&P has invested in is for its lawyers to return to the beginning of their rooting education in law, and pass down their knowledge and practice to the younger, aspiring generations. Illustratively, W&P held a seminar at Universitas Pelita Harapan on the 22nd of March, and successfully accomplished spreading… Read More

N&A – W&P are featured on Asia Business Law Journal on 22 March 2018

March 26, 2018

Japanese law firm Nishimura & Asahi (N&A) has announced a new association with Indonesian law firm Walalangi & Partners (W&P) as part of the firm’s strategy to strengthen and expand its Indonesian network. W&P was founded by experienced Indonesian corporate and financing lawyer Luky Walalangi, and has been fully operational from 1 January 2018. Walalangi… Read More

W&P – Fintech Days 2018

March 23, 2018

Our lawyers Mr. T Anggra Syah Reza and Ms. Sinta Cestakarani were invited to attend Fintech Days 2018, in Medan on 22 and 23 March 2018, where they had the privilege and opportunities to elaborate development of Fintech regulations in Indonesia as well as their challenges in the future to a number of substantial Fintech… Read More

W&P Newsletter – Key Differences Between Existing Indonesian Personal Data Regulations

March 18, 2018

For the past few years, the Indonesian market has seen the rise of technology-based start-up companies, and this phenomenon stimulates the rapid development of technology-based transactions (including the technology-based “unicorn”[1] companies such as Go-Jek, Tokopedia, and Traveloka[2]). One distinctive characteristic of these technology-based transactions is that consumers are generally required to provide their personal information… Read More