Indonesian Equity Crowdfunding Regulation
The Financial Services Authority (“OJK”) issued OJK Regulation No. 37/ POJK.04/2018, on 31 December 2018 on equity crowdfunding services (the “Crowdfunding Services”) which allow offers of shares for sale by an issuer directly to investors through an open information technology system (“POJK 37/2018”).
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NEXT ARTICLES
The Implementing Regulation of the Omnibus Law on Job Creation: Government Regulation No. 39 of 2021 on its Implementation in the Halal Product Guarantee Sector
On 2 February 2021, the Indonesian Government issued Government Regulation No. 39 of 2021 (“GR 39/2021”), as the implementing regulation of Law No. 33 of 2014 on Halal Product Guarantees which was recently amended by Law No. 11 of 2020 on Job Creation (the “Omnibus Law”).
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The Change to the Procedure for Case Management of Partnership Cases
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Fiduciary Security Execution Redefined: The Indonesian Constitutional Court Ruling on Article 15 (2) And (3) of The Fiduciary Security Law
At the beginning of 2020, the Constitutional Court handed down Ruling No. 18/PUU-XVII/2019 on a petition for a judicial review, which declared Article 15 (2) and (3) of Law No. 42 of 1999 on Fiduciary Security partially unconstitutional -- affecting the existing fiduciary security execution practice in a major way.
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INDONESIA SIMPLIFIES THE HIRING OF FOREIGN MANPOWER
On 29 March 2018, President Joko Widodo issued Presidential Regulation Number 20 of 2018 on Foreign Manpower Utilization (“Presidential Reg 20/2018”).
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