News

The second amendment to Law No. 11 of 2008 on Electronic Information and Transactions (“2nd Amendment”), passed on 2 January 2024, is expected to bring more clarity to a number of provisions as well as to address the developments in the sector. This newsletter discusses the provisions that significantly affect electronic system operators (locally known… Read More

Since its enactment in 2009, Law No. 24 of 2009 on the National Flag, Language, Emblem, and Anthem (“Language Law”), as implemented by Presidential Regulation No. 63 of 2019 on the Use of the Indonesian Language (“PR 63/2019”), has sparked a number of controversies, particularly because in 2015, the Supreme Court nullified certain agreements involving… Read More

E-commerce has played an important role in the Indonesian economy in recent years. With the rise of internet users in Indonesia, it helps pave the way for digital-related businesses, from online retails, marketplaces to social-commerce platforms. On 26 September 2023, the Ministry of Trade of Indonesia promulgated Regulation No. 31 of 2023 (“Reg 31/2023”) to regulate… Read More

Being the world’s largest archipelagic country with more than 18,000 islands, Indonesia faces various challenges in providing equal access to healthcare services for all societies across Indonesian territory. Attracting more foreign investors to bring wealth of capital, expertise and know-how, and leveraging digital technology development and application to the health sectors in Indonesia would be… Read More

Following the issuance of Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchange (click here for our take on the regulation), the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) officially appointed the Indonesia Stock Exchange (IDX) as Indonesia’s Carbon Exchange Operator under OJK Decision No. 77/D.04/2023 (“IDXCarbon”). Within days after obtaining the… Read More

The Indonesian government has just revealed a draft Government Regulation to implement the Personal Data Protection Law or PDP Law (“Implementing Regulation”). To access our newsletter on the PDP Law, please click here. The Implementing Regulation is expected to bring clarity on numerous aspects of the PDP Law, including notification procedures on personal data breaches… Read More

To further implement carbon trading in Indonesia, the Financial Services Authority (“OJK”), as the authorized body to supervise the establishment and implementation of Indonesia’s Carbon Exchange (“Carbon Exchange”), recently issued Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchange and OJK Circular Letter No. 12/SEOJK.04/2023 (“OJKR on Carbon Exchanges”). These new regulations are… Read More

On 8 August 2023, the Indonesian Government officially enacted the new omnibus Health Act No. 17 of 2023 (“New Health Act”), which is aimed to significantly transform, enhance, and accelerate the development of Indonesia’s health services industry to become more advanced, comprehensive, integrated, and accessible by all societies across Indonesia. The New Health Act serves… Read More

The Indonesian Business Competition Supervisory Commission – Komisi Pengawas Persaingan Usaha (“KPPU”) issued KPPU Regulation No. 3 of 2023 (“Reg 3/2023”) as a new merger filing regulation, replacing, and revoking the previous regulation on the same matter, namely KPPU Regulation No. 3 of 2019 (“Reg 3/2019”). Reg 3/2023, which came into effect on 31 March… Read More

This is the 2nd part of our newsletter highlighting major changes to the PPSK Law on (i) the capital markets sector, (ii) carbon trading, (iii) insurance companies, (iv) financing services business (usaha jasa pembiayaan), (v) bullion business, and (vi) technology innovation in the financial sector. To check out the 1st part of our newsletter on… Read More