
Maria H. Sagrado
Partner
Expertise
- Banking and Finance
- Capital Markets
- Corporate and Commercial
- Foreign Investment
Makarim & Taira S.
Indonesia
WSG Leadership
WSG in Asia GroupNew Regulation on Electronic System Organizers in the Private Sector
Makarim & Taira S., February 2021
The Minister of Communication and Informatics (“MOCI”) has finally issued MOCI Regulation No. 5 of 2020 on Electronic System Organizers (“ESO”) in the Private Sector (“MOCI Regulation 5/2020”) that serves as the new implementing regulation of Government Regulation No...
The New Indonesian Umbrella Regulation on Payment Systems: Key Points that Foreign Investors Should be Aware of
Makarim & Taira S., February 2021
On 30 December 2020, Bank Indonesia issued Bank Indonesia Regulation No. 22/23/PBI/2020 of 2020 on Payment Systems (“Payment Systems Regulation”). The Payment Systems Regulation is intended to serve as an “umbrella” regulation that provides a regulatory framework for the Indonesian payment systems industry. This regulation will come into force on 1 July 2021...
The Arrival of the Long Awaited KBLI Numbers in Fintech
Makarim & Taira S., December 2020
On 24 September 2020, Statistics Indonesia (Badan Pusat Statistik ─ “BPS”) issued BPS Regulation No. 2 of 2020 on Indonesian Standard Business Classifications (Klasifikasi Baku Lapangan Usaha Indonesia ─ “KBLI”), which is known as the 2020 KBLI. The 2020 KBLI came into force on its issuance date and revoked BPS Regulation No. 95 of 2015 on the KBLIs, as amended by BPS Regulation No. 19 of 2017, which is known as the 2017 KBLI...
Additional Articles
Financier Worldwide Magazine: Reporting by Indonesian companies of their Offshore Loan Facilities, 2014.
Financier Worldwide Magazine: the New Company Law in Indonesia, 2008.
© Makarim & Taira S., 2021