19 Jul 2024
Indonesia’s FSA Issues New Regulation on Insurance Products and Marketing
The Financial Services Authority (“OJK”) has introduced a number of significant changes as regards how insurance companies should develop and market their products. These changes are set out in OJK Regulation Number 8 of 2024 on Insurance Products and Marketing Channels for Insurance Products[1] (“Reg. 8/2024”), which supersedes OJK Regulation Number 23 of 2015 on the same…
17 Jul 2024
ABNR Advises DFC on Loan Portfolio Guarantee for Bank Sahabat Sampoerna
ABNR has advised the United States International Development Finance Corporation (DFC) on their 50% loan portfolio guaranty of up to USD 100 million to PT Bank Sahabat Sampoerna for the expansion of the bank’s on-lending to eligible micro, small and medium enterprises, women-owned businesses and micro-finance institutions in Indonesia (“the Project”). The deal, which was closed on…
05 Jul 2024
OJK Moves to Strengthen Social Economy by Modernizing BPR Sector
Introduction An important, and frequently overlooked, aspect of the Indonesian financial services industry is the crucial role played by often privately owned savings and loan banks, known now as Bank Perkonomian Rakyat,[1] and their sharia-compliant equivalents, the Bank Perekonomian Rakyat Syariah[2] (collectively “BPR”). The operations of these financial institutions are restricted…
03 Jul 2024
ABNR Named ‘Best Full Service Law Firm of the Year 2024’ by HukumOnline
We are delighted to announce that ABNR has been named “Best Full Service Law Firm of the Year 2024” by prestigious Indonesian online legal publisher HukumOnline. This latest accolade for the firm underscores our consistent drive to providing outstanding legal services and achieving impressive outcomes for our clients. A total of 200 leading Indonesian law firms participated in this year’s…