Posts by adminbpl

The Obligation for Banks to Protect Customer Data Privacy Recently, the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or “OJK”) issued Financial Services Authority Regulation No. 11/POJK.03/2022 concerning the Implementation of Information Technology by Commercial Banks (POJK No. 11/2022). POJK 11/2022 is a follow-up to the digital transformation blueprint in the banking sector, which…

Know the Percentage of Shares Ownership that can be considered as the Controllers of a Public Company Recently, it was reported that the insurance company belonging to the Lippo Group, PT Lippo General Insurance Tbk (LPGI) will be taken over by a Korean life insurance company, PT Hanwha Life Insurance Indonesia. Hanwha Life reportedly bought…

Obligation to Report Beneficial Owners for Corporations in Indonesia Currently, the Government of Indonesia sees various threats to the stability and integrity of the state’s economic and financial system, including by endangering the joints of social and state life based on Pancasila and the 1945 Constitution of the Republic of Indonesia. One of these threats…

Legal Action for Cassation for Debtors Whose Draft Settlements are Rejected by Creditors in PKPU “The legal action of Cassation can be limited to PKPU cases that are submitted by Creditors with an offer of settlement from the Debtor rejected by the Creditor.” The Constitutional Court of the Republic of Indonesia (Mahkamah Konstitusi or “MK”)…

What is Outsourcing? How Is It Different From Non-Outsourced Workers? How are the Regulations Now?  “Currently, Employment Agreements between Outsourcing Companies and Employers, as well as Employment Agreements between Outsourced Employees and Outsourcing Companies can be in the form of PKWT (Temporary Employment Agreements) or PKWTT (Permanent Employment Agreements)” Companies that are developing their business…

Feeling Disadvantaged as the Result of an Agreement, How to Cancel It? Aside from the substance of the cancellation, the court that has the authority to examine and decide the cancellation of the agreement itself must be considered. In several lawsuits for cancellation of agreements, there are several different reasons causing the cancellation to be…

LKPM got Rejected? Here Are The Things You Should Know “Negligence committed by entrepreneurs or enterprises results in the LKPM being rejected automatically, so that entrepreneurs or enterprises end up receiving administrative sanctions from the government.” For entrepreneurs and enterprises, the Investment Activity Report (Laporan Kegiatan Penanaman Modal  or LKPM) is a mandatory report that…

Termination of Employment without Prior Warning Letter Against Urgent Violations: Can it be Done?  Employment Agreements, Company Regulations and/or Collective Labor Agreements may set forth terms and conditions regarding urgent Termination of Employment, such as the period of giving warning letters. Termination of Employment (Pemutusan Hubungan Kerja or PHK) often causes unrest and has the…

Issuance of Supreme Court Regulation Concerning Compensation for Victims of Crime (PERMA 1/2022) Not all proceeds of crime can be requested for restitution or compensation. Restitution and compensation only apply to some crimes. On March 1, 2022, Chief Justice of the Supreme Court Prof. Muhammad Syarifuddin officially announced Supreme Court Regulation Number 1 of 2022…