SSEK has assisted PT Raiz Invest Indonesia in obtaining a Mutual Funds Sales Agency (APERD) license from Indonesia’s Financial Services Authority (OJK). Our work included drafting all the required documents for the APERD license and liaising with OJK officials. This was the first time in Indonesia that a foreign direct investment company had obtained an … SSEK Assists Leading Investment App in Entering Indonesia Market
The fundamental basis for privacy and data protection in Indonesia can be found in Article 28(G) of the 1945 Constitution of the Republic of Indonesia, which provides that every person has the right to: protection of themselves, their families, respect, dignity and possessions under their control; and security and protection from threat of fear … Privacy and Data Protection Legal Regime in Indonesia
In February of this year, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued an updated checklist for peer-to-peer lending (“P2P lending”) platform providers (“Checklist”) registering with the OJK or applying to the body for a business license or change of ownership. The new Checklist introduces several changes to the previous checklist issued in … Peer-to-Peer Lending in Indonesia: A Regulatory Update
SSEK’s Winnie Y. Rolindrawan wrote the cover story for the new issue of Strategic Review magazine. The story, “Revving up the e-commerce engine,” looks at possible regulatory changes and improvements to help maximize the role of online commerce in Indonesia’s economic development. Winnie Rolindrawan represents multinationals and major domestic firms in a variety of transactions. … SSEK Looks at E-Commerce in Indonesia in Strategic Review Magazine
SSEK has assisted its client in successfully negotiating the document compliance process as part of its application for an e-money license from Bank Indonesia. As part of the due diligence exercise to support the client, the SSEK team ensured that the required compliance-related documentation was provided as required under the current central bank regulatory framework. … SSEK Successfully Assists Client with E-Money License Application
The need for robust protections for intellectual property (“IP“) and confidential data has become only more glaring as we stride fully into the digital era. This applies to companies and business sectors across the board, including the education sector. Universities generate a large amount of IP, whether generated by the universities themselves, including through research … A Lesson for Universities in Indonesia on IP and Data Protection
Prompted by the disparity in the tax treatment between traditional retail activities and e-commerce, on December 31, 2018, Indonesia’s Minister of Finance (“MOF”) issued MOF Regulation No. 210/PMK.010/2018 regarding the Tax Treatment of E-Commerce (“MOF Regulation 210”). MOF Regulation 210 purports to provide further clarity with regard to Value Added Tax (“VAT”), luxury goods tax, … New Regulation Requires Taxes for E-Commerce Players in Indonesia
The Indonesian Minister of Communication and Informatics (“MOCI“) has issued a regulation that principally governs (i) the certification of telecommunications equipment and devices following the implementation of one-door licensing through the Online Single Submission (“OSS“) system, and (ii) product labelling requirements. MOCI Regulation No. 16 of 2018 regarding Operational Provisions for the Certification of Telecommunications … New Regulation on the Certification and Labeling of Telecommunications Equipment and Devices in Indonesia
The intention behind the issuance of the General Data Protection Regulation (GDPR) is commendable: to standardize and simplify data protection legislation across all European Union countries, so that both EU citizens and businesses (involving EU citizens) can benefit and thrive in our borderless digital era. The aim of the GDPR is to give EU citizens … Extraterritorial Scope of GDPR and Its Implications for Companies in Indonesia
There are several main obligations that must be fulfilled by an electronic system provider (ESP) under Indonesian Minister of Communication and Informatics (MOCI) Regulation No. 20 of 2016 regarding Personal Data Protection in Electronic Systems (MOCI Regulation 20) to ensure personal data is processed properly. These obligations include: Conducting certification of the electronic system … Data Protection in Indonesia: Processing Requirements
