News

Indonesia’s Child Protection Regulation Poised to Enhance Children’s Rights Protection in Digital Space

08 May 2025 It is inevitable that the internet has become a fundamental infrastructure in various aspects of society, including trading, entertainment, education, and government administration. The offering of digital products via digital media, via websites, applications, and platforms has indisputably brought convenience and increases accessibility to a broader market, at an unprecedented rate. Digital products…

We’re honored to be named an ALB Asia Employer of Choice for the 7th time!

05 May 2025 ABNR is proud to be recognized once again by Asian Legal Business as one of Indonesia’s top law firms for workplace culture, talent development, and career satisfaction.This recognition is a reflection of our incredible team - your dedication, collaboration, and shared values make ABNR a truly special place to grow and succeed.Thank you for being part of this journey. Here’s to continuing to support…

A Comparative Review of Insurance Company Liquidation Procedures applicable under 2015 regulations as against the latest regulatory updates that were introduced in 2024

09 Apr 2025 As Indonesia’s financial regulatory landscape evolves, the Financial Services Authority (Otoritas Jasa Keuangan/ “OJK”) continues to refine its policies to address the sector’s changing needs.In 2024, the OJK released OJK Regulation No. 38 of 2024 (“POJK 38/2024”), which governs the dissolution and liquidation of insurance companies. This regulation amends and supplements OJK Regulation…

Danantara and the Future of SOEs: What will change?

25 Mar 2025 In February 2025, Indonesia enacted amendments to its Law on State-Owned Enterprises (SOE Law), [1] introducing major reforms to the regulation of SOEs.A key development under this law is the launch of Daya Anagata Nusantara (Danantara), being Indonesia’s new sovereign wealth fund.Primary changes under these amendments include: the introduction of an expanded definition of State-Owned…

OJK Unveils New Regulation to Strengthen Issuers and Public Companies

11 Mar 2025 To align withLaw No. 4 of 2023 onFinancial Sector Development and Reinforcement Law (“P2SK Law”) which amends several financial sector regulations, including Law No. 8 of 1995 on Capital Markets (“Capital Markets Law”), the Financial Services Authority (Otoritas Jasa Keuanganor “OJK”) has introduced a new regulation: OJK Regulation No. 45 of 2024 on Issuers and Public Companies Development…

The 200 Club: Indonesia's Most Influential Lawyers by Hukumonline

04 Mar 2025 We are delighted to announce that several of our esteemed partners have been recognized among Indonesia's Most Influential Lawyers, reflecting their unwavering dedication and exceptional legal expertise.​Agus Ahadi Deradjat is distinguished in corporate law, M&A, foreign direct investment (FDI), and technology, media, and telecommunications. His strategic insights have been pivotal in guiding…

Redefining the Principle of Utmost Good Faith: Judicial Review on Article 251 of the Indonesian Commercial Code

21 Feb 2025 In a landmark decision on January 3rd, 2025, the Indonesian Constitutional Court (Mahkamah Konstitusi, or MK) reshaped the landscape of insurance contracts by ruling on Case No. 83/PUU-XXII/2024. The case challenged the constitutionality of Article 251 of the Indonesian Commercial Code (Kitab Undang-Undang Hukum Dagang, or ICC), a provision central to the principle of utmost good faith (uberrimae…

OJK Reg. 36/2024: What’s Changing for Insurance Operations?

14 Feb 2025 BackgroundOn 20 December 2024, the Indonesian Financial Services Authority (OJK)introduced changes to the operations of insurance and reinsurance companies,including Sharia-compliant entities, with the release of OJK Regulation No. 36 of 2024 on Business Operations of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies, and Sharia Reinsurance Companies[1] (“Reg. 36/2024”).This…

Indonesia: Starting off the year with a new era for crypto trading under OJK's helm

03 Feb 2025 The Indonesian cryptocurrency landscape is on the brink of transformation. Through the Indonesian Financial Services Authority (Otoritas Jasa Keuangan,“OJK”)Regulation No. 27 of 2024[1] (“OJK Reg. 27/2024”) effective from January 10, 2025, the regulatory framework for crypto trading has shifted from the Commodity Futures Trading Supervisory Agency (“Bappebti”)[2] to the OJK. This change marks…

ABNR Shines in 2025 Legal 500 Asia Pacific Rankings

21 Jan 2025 We are thrilled to announce that ABNR has once again demonstrated its excellence, securing top-tier rankings in the 2025 Legal 500 Asia Pacific, published on January 15.Top-Tier Practice AreasABNR is proudly ranked as a Tier-1 firm in nine practice areas:Antitrust & CompetitionAviationBanking & FinanceLabour & EmploymentProjects & EnergyReal EstateRestructuring & InsolvencyTMT…

Unbundling Electricity Business Activities: A Threat to State Control?

16 Jan 2025 On 29 November 2024, the Indonesian Constitutional Court (Mahkamah Konstitusi or “MK”) issued decision number 39/PUU-XXI/2023 (“MK Decision 39”) which might affect the Independent Power Producer (“IPP”) business scheme in Indonesia due to its “unbundling” nature.Unbundling Electricity BusinessThe concept of unbundling electricity business activities is outlinedin Article 10, paragraphs (1) and…

OJK Releases New Guidelines for the Implementation of Sharia-Based Products

04 Jan 2025 Indonesia’s Financial Services Authority (“OJK”) has taken a major step towards advancing regulation and consistency of the country’s sharia banking sector with the introduction of new guidelines for sharia-based banking products. Issued in October 2024, these guidelines are designed to reinforce the distinctive characteristics of sharia banking and highlight its unique competitive advantages, distinguishing…