OJK’s Revised Regulatory Framework on Peer-to-Peer Lending
Indonesia’s Financial Services Authority has issued a new regulation on peer-to-peer lending platforms. As the sector matures, more stringent regulatory requirements have been introduced, applying concepts similar to those found in other financial services sub-sectors.
Indonesian Financial Services Companies Prohibited from Marketing Non-OJK Licensed Investment Products
Innovation and digitalisation in the financial sector have provided investors with easier access to various investment products (including offshore issued securities). The recent appearance of certain market players providing access to various types of offshore issued securities and other investment products to Indonesian investors has resulted in greater attention from a consumer protection perspective.
Indonesia Passes Historic Personal Data Protection Bill
On 20 September 2022, Indonesia’s President and House of Representatives (DPR) approved the Personal Data Protection bill following six years of deliberation.
Dealmaking Done Well: A Discussion with the Indonesia Investment Authority’s Chief Investment Officer
The “pandemic” years have been a learning experience for both investors and business. While growth prospects for the Indonesian economy remain promising, global investors appear to be moving towards a more cautious investment strategy.
2023 Capital Markets Regulation Trends and its Impacts on Corporations
Much of what was discussed in the new administration’s capital market policy prospects in early 2022 was carried over from election pledges. That may be why the general market protection policy was widely deployed. Regulatory authority’s intention to regulate unfair trade has been announced several times and is reflected in regulation and supervision in a …
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Korea’s Draft Amendment to the Civil Act May Mean Statutory Protection for ‘Right of Publicity’
As the use of content platforms continues to grow around the world, Korea is revisiting the debate on who should be allowed to benefit from a person’s name, likeness, or other indicia of personal identity. In a global environment where almost anyone can obtain public notoriety, Korea is seeking to foster a balanced approach to …
KFTC Proposes Revisions to Merger Review Guidelines and Merger Filing Guidelines
The Korea Fair Trade Commission (“KFTC”) proposed revisions to the Merger Review Guidelines and the Merger Filing Guidelines to facilitate merger reviews of certain investments and to expedite their review process. With the number of filings increasing from 701 in 2018 to 1,113 in 2021, the KFTC is seeking to enhance efficiency in the merger …
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LEGALITY OF VOLUNTARY RESIGNATIONS IN INDIA
In November 2022, Amazon initiated a voluntary separation program (“VSP”) which allowed eligible employees to resign voluntarily from employment in exchange for specific severance benefits, including twenty-two (22) weeks’ base pay, one (1) week’s base salary for every six (6) months of services, up to a maximum of twenty (20) weeks, medical insurance for six …
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Strength in numbers – How class actions enable individual voices to be heard.
It may have happened to you. You made an investment in a publicly listed company based on their information, only to later learn it was misleading, or you purchased a product only to later discover it was harmful. In both cases, your loss might be less or more severe in either situation. If several people have …
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CLASSIFICATION OF SUSTAINABILITY LINKED DERIVATIVES IN INDIA
Sustainability Linked Derivatives (“SLDs”) are emerging as a powerful new instrument in the toolkit of financiers globally in the context of the growth of use of Environmental Social and Governance (“ESG”) factors in the financial world. For an orderly evolution, a suitable regulatory framework suited for this type of derivative contract is a must. SLDs …
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