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Overview of OJK's New Shares Buyback Regulation: Key Changes and Implications

On December 29, 2023, the Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued a new regulation, OJK Regulation No. 29 of 2023 (the "New Regulation"), which revokes the previous OJK Regulation No....more

IDX's Main Board Update: The Impact of Newly Effective Free Float Requirements on Listed Companies

Enactment of Additional Requirements to Remain Listed on IDX's Main Board - On 21 December 2021, IDX issued the Decree of the Board of Directors of the IDX No. Kep-00101/BEI/12-2021 regarding the Amendment to Rule No. I-A...more

Language law: A market-friendly view of the Supreme Court

The Indonesian Supreme Court recently issued its formal view that addresses concerns of market pertaining to the interpretation of the statutory requirement for a Bahasa Indonesia version of any agreement made involving an...more

Indonesia gears up ahead of the 2024 Election: Key milestones and timeline

Indonesia, known for its vibrant democracy, is set to embark on a defining moment that will determine the course of its governance. This electoral event carries immense significance, as it will determine the leadership that...more

COVID-19: Indonesian Government Financial Assistance Measures

President Joko Widodo issued Government Regulation in lieu of Law of the Republic of Indonesia No. 1 of 2020 on the National Finance and Financial System Stability Policy for Handling Corona Virus Disease 2019 (COVID-19)...more

Indonesian government amends foreign ownership regulation in insurance sector

The Indonesian government has made several key changes to the foreign ownership regime for companies in the Indonesian insurance sector. Government Regulation No. 3 of 2020 on the Amendment to Government Regulation No. 14 of...more

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