Archive for the ‘Legal Updates’ Category

Data Management

Data Protection in Indonesia: Breaches and Marketing

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Data Breaches A data breach involving a financial institution in Indonesia does not trigger an immediate reporting requirement to the relevant authority. Instead, periodical reports on consumer complaints and further services and settlements provided to such consumers must be made to the Financial Services Authority (“OJK”) or [...]

Lesser Sunda Islands (courtesy of NASA)

Procedures for Land Freezes and Land Seizures in Indonesia

By Winnie Y. Rolindrawan and Sabrina W. Kusumoprojo Indonesia’s National Land Agency has issued guidelines for land freezes and land seizures and how individuals and companies can initiate such actions. Head of National Land Agency Regulation No. 13 of 2017 regarding Procedures for Land Freeze and Land Seizure (“Reg. 13/2017″) is intended to cover all [...]

Data-Management-243x300

Bank Secrecy and Data Protection in Indonesia

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Banks in Indonesia are subject to bank secrecy/confidentiality obligations grounded in Law No. 7 of 1992 regarding Banking, as lastly amended by Law No. 10 of 1998 (the “Banking Law”). Under the Banking Law, banks and their affiliates are required to keep confidential information regarding its depositing [...]

Data-Management-243x300

Data Protection in the Indonesian Financial Services Sector

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum The Indonesian Minister of Communication and Informatics (“MOCI”) issued Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems (“MOCI Reg. 20″) to regulate the protection of personal data by electronic system providers in Indonesia. This regulation strengthens existing data protection obligations (e.g., [...]

Michael Carl and Bezaliel Erlan

SSEK Lawyers Discuss Private Placements in Indonesia at AIMA Conference

Michael S. Carl, an international legal adviser at SSEK Legal Consultants, and Bezaliel B. Erlan, a senior associate at the firm, were featured speakers at the recent AIMA Asia Navigating Private Placement Conferences in Hong Kong and Singapore. The Alternative Investment Management Association held the conference on October 17 in Hong Kong and October 19 [...]

Michael Carl

SSEK Adviser Delivers Updates on Banking, Insurance and Financial Technology, and Non-Cash Payment Transaction Processing in Indonesia

Michael S. Carl, an international legal adviser at SSEK Indonesian Consultants, recently provided updates to audiences in Tokyo on banking, insurance and financial technology regulation in Indonesia, and on non-cash payment transaction processing in Indonesia. You can find his update on banking, insurance and fintech in Indonesia here. And you can find his presentation on [...]

OLYMPUS DIGITAL CAMERA

Seaports in Indonesia: Regulatory Developments

A number of regulations have been issued that are significant for the regulatory development of Indonesia’s seaports sector. We highlight the most crucial of these regulations. A. Ministry of Transportation (“MOT”) Regulation No. 146 of 2016 regarding the Amendment of Ministry of Transportation Regulation No. 51 of 2015 regarding the Implementation of Seaports (the “Seaport [...]

Jakarta

Indonesia Launches New Economic Policy Package

By Michael S. Carl and Revaldi Wirabuana On August 31, Indonesian President Joko Widodo, commonly known as Jokowi, enacted the 16th economic reform package aimed at improving the ease of doing business in the country (“16th Reform Package”). This new economic policy package contains measures to accelerate the issuance of business licenses and permits at [...]

Jakarta

Anti-Corruption Developments in Indonesia

Denny Rahmansyah and Andini H. Dewi According to the Annual Report of the Corruption Eradication Commission (Komisi Pemberantasan Korupsi or “KPK”), the KPK carried out 96 examinations, 99 investigations and 76 prosecutions last year. Seventy cases were decided and received final and legally binding judgments. Judicial decisions were executed for 81 cases in 2016. These [...]

Labor & Employment

Update on Employment Law in Indonesia and Asia

SSEK Legal Consultants has contributed the Indonesia chapter to the new Asia Employment Law, a quarterly review of employment law developments across 14 jurisdictions in Asia. The review is designed to help legal and human resources advisers stay up to date on employment-related legal developments in Indonesia and around Asia. For the Indonesia chapter of [...]