19 Oct 2021
Indonesia’s Central Bank Strengthens Digital Payments Architecture
In line with the global trend, Indonesians have been increasingly switching to online payment platforms, which are now widely used across the country, particularly in big cities. The country’s central bank, Bank Indonesia (“BI”), responded to the trend by publishing its Indonesian Payments System Blueprint 2025 in November 2019 (the “Blueprint”), which focuses on the…
12 Oct 2021
ABNR Shines Again at ALB Indonesia Law Awards 2021
ABNR emerged as one of the top three winners at the 2021 iteration of the ALB Indonesia Law Awards, which were presented during an online ceremony on Thursday, Oct. 7. Recognizing the country’s best law firms, legal work and lawyers across all major practice areas, this year’s event saw ABNR take a total of five awards: Environmental Law Firm of the Year Maritime Law Firm of the Year Medical…
07 Oct 2021
CFDs in Indonesia: What Are They And How Are They Regulated?
A contract for difference (CFD) is essentially a form of financial derivative contract between an investor and a CFD broker, under which the investor basically bets on whether the price of a particular commodity or asset will increase or decrease over the course of the contract. If the price is higher at the end of the contract than it was at the beginning, the CFD trader pays the difference to the…
04 Oct 2021
Constitutional Court Reaffirms Fiduciary-Security Enforcement Rules
In 2020,[1] the Constitutional Court handed down a judgment that established new rules for the enforcement in certain circumstances of fiduciary-security interests under Articles 15(2) and 15(3) of the Fiduciary Security Law (“FSL”). [2] The Court held that executorial title under a fiduciary-security certificate is enforceable if the agreement between the parties sets out a mechanism…