‘If you can’t beat them, join them’: Commercial banks now permitted to invest in fintech companies

30 Nov 2022 Introduction Technological development has brought rapid, radical change to the financial-services industry around the world, and Indonesia is no exception. While the country’s financial-products market used to be dominated by the banking sector, the banks must now share it with financial technology (fintech) companies. In response to the rapid rise of fintech, Indonesia’s…

ABNR Hosted A Client Seminar-Discussion on Personal Data Protection: Challenges and Practical Compliance Guide for Businesses

28 Nov 2022 ABNR Counsellors at Law is proud to have been the first law firm to host a client seminar-discussion titled Personal Data Protection Law: Challenges and Practical Compliance Guide for Business. The event was held at Financial Hall Jakarta, on Tuesday, 22 November 2022, and was attended offline and online by around 150 representatives of many of ABNR’s key clients. The discussion…

ABNR Acts for Online Used-Car Marketplace Moladin in USD 32 Mio Loan Deal

14 Nov 2022 We are pleased to announce that ABNR acted for Indonesian used-car marketplace and e-commerce platformPT Moladin Digital Indonesia (a subsidiary of Singapore-based Zinfinity Pte. Ltd) for their approx. USD 32 million credit facility from Indonesian publicly listed, technology-focused lender PT Bank Jago Tbk.The original credit facility agreement was signed on 6 July 2022 in Jakarta,…

ABNR Wins Twelve Awards from HK-based Asia Business Law Journal

08 Nov 2022 Following hard on the heels of ABNR being named “Indonesia Law Firm of the Year” at the 2022 Asian Legal Business (ALB) Indonesia Law Awards, the firm received a raft of awards at the recently announced Asia Business Law Journal (ABLJ)’s Indonesia Law Firm Awards 2022, which recognize the country’s very best law firms, legal work and lawyers, and is one of only two law-firm…

New Regulation to Speed Up Development of Infrastructure Projects Assigned to Public Works Ministry

02 Nov 2022 The President has issued a new regulation, which came into effect on 27 September 2022, which grants the Ministry of Public Works and Housing (“MOPW”) broad strategic authority to undertake the timely development and delivery of key infrastructure projects. The new regulation (Presidential Regulation No. 120 of 2022 on Special Assignments to Accelerate Infrastructure Development…