Islamic Finance In Indonesia: Implementation Of Sharia-Based Peer-to-Peer Lending

In recent years, Indonesia’s Fintech sector has grown rapidly and made considerable impacts on the country’s financial services. This includes the emergence of peer-to-peer lending (“P2P Lending”), whose particular market is Small and Medium-Sized Enterprises (“SMEs”). As Indonesia is the most populous Muslim-majority country in the world, people have growing interest in Sharia-based financial services. […]

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Data Privacy and Cybersecurity Indonesia & Singapore Law

Indonesia Marshall Situmorang and Audria Putri | Nusantara Legal Partnership Data Privacy and Cybersecurity Comparative Guide A. Definition and Scope of Data Privacy and Cybersecurity Data Privacy Is there any specific definition of “personal data” in your jurisdiction? Do the prevailing laws provide distinction between personal data and sensitive personal data? Personal data is defined […]

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Indonesia New Manpower Regime: Termination of Employment under Omnibus Law and Its Implementing Regulations

In connection with the enactment of Law No. 11 of 2020 on Job Creation (“Law 11/2020” or “Omnibus Law”). We will now address the key changes of the employment regime, particularly with respect to employment termination pursuant to the newly implementing regulations in relation with the Omnibus Law. (Note: You can access our earlier publication on the FAQ on […]

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Personal Data Protection: FAQ On The Implementation Of Electronic Direct Marketing In Indonesia

Electronic direct marketing has been widely implemented in Indonesia, whilst at the same time, public awareness of the general public towards personal data protection had risen in recent years. Electronic direct marketing has been utilizing personal data collected through various means for commercial and marketing purposes of certain parties. Although this practice does not contravene […]

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Indonesia New Investment Regime: General Overview on Public Works Public Housing and Construction Sector

Further to our earlier articles regarding Indonesia’s new investment regime after the enactment of Law 11 of 2020 on Job Creation or Omnibus Law on TMT sector and Hospital businesses, we will now address the key changes on the organization of the public works and public housing construction sectors (“Construction Sector”) pursuant to the newly implemented regulations in relation with […]

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Indonesia’s New Investment Regime: Telecommunication, Media, and Technologies Sector

Following up the new investment regime as introduced by Law No. 11 of 2020 on the Job Creation or known as Omnibus Law, the President of Republic of Indonesia has issued a new legal framework on the business investment which is now promoted as positive list, (Presidential Regulation No. 10 of 2021 on the Investment […]

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Indonesia’s New Investment Regime: Risk-Based Business Licensing for Medical Hospital & Clinics

Author: Marshall Situmorang (Partner), Audria Putri (Senior Associate), Aniendita Rahmawati (Associate) In connection with the enactment of Law No. 11 of 2020 on the Job Creation (“Omnibus Law”), the Indonesian Government has issued various implementing regulations as a part of the implementation of the Risk-Based Approach business licensing. As we have mentioned in our earlier […]

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Indonesia Capital Market: New Share Listing Regulation at IDX

Author: Marshall Situmorang (Partner), Audria Putri (Senior Associate), Aniendita Rahmawati (Associate) The Indonesia Stock Exchange (“IDX”), together with Financial Service Authority/Otoritas Jasa Keuangan (“OJK”), are currently finalizing a new provision which will amend IDX Board of Directors Decree No. Kep-00183/BEI/12-2018 on Securities Listing Regulation No. I-A on the General Provisions for the Listing of Equity […]

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Indonesia Tech Deals Vol. I July 2021

The growing technology and digital economy market in Indonesia have been attracting many foreign and domestic technology investors from Venture Capital to tech company giants. There have been many major transactions in this sector and based on expert’s observation, the interests from investors are still going strong. Having said that, we compile herein the recent […]

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