18 Dec 2023
Chambers Fintech Guide Ranks ABNR as Top Tier Firm for Financial Technology
ABNR Counsellors at Law has once again been ranked as a leading Indonesian law firm for financial technology (fintech) by the Chambers Fintech Guide (2024 edition), which also lists ABNR partner Mr. Freddy Karyadi as one of only four Indonesian lawyers to be recommended for this practice area. Mr. Karyadi, a member of the Board of Ethics of Indonesian Fintech Association, also contributed an overview…
15 Dec 2023
Indonesia’s FSA Issues New Regulation to Expand Range of Sustainable Securities
On 5 October 2023, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) issued OJK Regulation No. 18 of 2023 on Issuance and Requirements for Sustainable Debt Securities and Sustainable Sukuk (“Reg. 18” or “New Regulation”).[1] The New Regulation, which entered into force on 10 October 2023, revokes and supersedes OJK Regulation No. 60/POJK.04/2017…
13 Dec 2023
New Indonesian Regulation Streamlines Mining Plan Rules But Imposes Tough New Sanction for Non-Compliance
A. Introduction On 11 September 2023, the Ministry of Energy and Mineral Resources (“MEMR”) issued Regulation No. 10 of 2023 (“Reg. 10”)[1], which establishes new rules that govern the submission, approval and amendment of mining and budget plans (Rencana Kerja dan Anggaran Biaya / “RKAB”) by mineral and coal mining businesses. An RKAB is a document that must be…