Continuing on from our first advisory on the P2SK Law, we delve deeper into its provisions with a specific focus on Chapter X, which covers finance services businesses. This chapter applies to a variety of entities involved in finance services, including those providing peer-to-peer lending services, and aligns with the P2SK Law's aim of promoting technological innovation in finance services while protecting consumers. The Indonesian government recently introduced a new omnibus law to regulate the financial sector. Law No...
Makarim & Taira S.
Makarim & Taira S. is one of Indonesia's leading corporate and finance law firms. It was founded in 1980 by Harvard graduates Nono Anwar Makarim and Frank Taira Supit, and has since grown to become a multi-disciplinary practice. The Firm's personnel represent and demonstrate a comprehensive range of expertise and experience in both Indonesian and international law and business practices. The Firm, which has received recognition in a number of leading references and international legal guides, is now and will be in the future fully committed to the future both of Indonesia and the Firm's clients in their business dealings here.
Makarim & Taira S. has impressive and far-reaching contacts and connections both in Indonesia and overseas. Over the years the Firm has formed strong and lasting relationships with a large number of clients and businesses. We pride ourselves on the loyalty of our clients and attempt to provide to each client the same unvarying standard of service. The Firm also has unique and unsurpassed experience and insight into many aspects of Indonesia's business and governmental spheres and has the necessary expertise to assist our clients in their Indonesian investments and transactions.
Makarim & Taira S. is also favored as Indonesian counsel by a growing number of leading international law firms and has significant expertise in acting as local counsel in international and multinational transactions. Our existing connections both in Indonesia and overseas allow us to ensure the Firm maintains and develops its expertise and is able to assimilate the most up to date drafting and other legal techniques and knowledge.
Year this Office was Established: 1980
Lawyers Worldwide: 79
Languages: Indonesian, English, German, and French
Areas of Practice
Foreign Legal Consultant
Indonesia’s Omnibus Law Focuses On Fintech Innovation
The enactment of Law No. 4 of 2023 on the Development and Reinforcement of the Financial Sector (“the P2SK Law”) has provided fresh air for technological innovation in financial services. At the same time, the P2SK Law also protects consumers and strengthens the financial sector amid rapid digital development. Specifically, we discussed Financial Sector Technological Innovation (Inovasi Teknologi Sektor Keuangan - “ITSK”) and the possibilities for it under the P2SK Law. This advisory is the first of many advisories in the P2SK Law dedicated series...
Makarim & Taira S. Welcomes Its Newest Partners
Makarim & Taira S. prides itself as a place of learning and a career springboard for aspiring lawyers in Indonesia. Every year, the firm welcomes passionate fresh graduates to the firm and provides them an environment that is conducive to growth. Over the past 40 years, Makarim & Taira S. has seen countless fresh law graduates from various universities grow and thrive to become the country’s most competent and successful lawyers. Undoubtedly, we are most thrilled to witness many evolve and become the firm’s own leaders. Therefore, we are pleased to introduce our newest Partners, Norma Mutalib, Stephanie Kandou, and Harris Toengkagie...
Makarim & Taira S. Continues to Receive Recognition in the Legal 500 Asia-Pacific 2022 Rankings
To start this year with another recognition as a Top Tier Firm in The Legal 500 (Legalease) Asia-Pacific 2022 is an astonishing and humbling experience. These recognitions do not come easy. Every year, the firm participates in comprehensive research conducted by global legal directories through which its work and lawyers are assessed and feedback on the quality of the services provided is gathered from clients and peers in the field. Therefore, they signify the firm’s most recent performance, its most complex and innovative advice and demonstrate its teams’ exceptional technical and in-depth abilities...