Key Highlights of OJK Regulation No. 40 of 2025

30th March 2026 OVERVIEW   On 19 December 2025, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued OJK Regulation Number 40 of 2025 on the Use of Proceeds from Public Offering (“POJK No. 40/2025”), revoking and replacing the OJK Regulation Number 30/POJK.04/2015 on the Report on the Realization of the Use of [...]

Key Highlights of Minister of Law Regulation No. 49 of 2025

27th February 2026 OVERVIEW On 17 December 2025, the Government enacted Minister of Law Regulation No. 49 of 2025 (“MoL Reg. 49/2025”), replacing Minister of Law and Human Right Regulation No. 21 of 2021 and introducing updates to the requirements and procedures for the establishment, amendment, and dissolution of limited liability companies in Indonesia. This [...]

Deferred Prosecution Agreement as The Out-Of-Court Settlement Option Under The Law Number 20 of 2025 Regarding Criminal Procedure Law

29th January 2026 OVERVIEW Indonesia officially adopts the Deferred Prosecution Agreement (“DPA”) under Law No. 20 of 2025 on Indonesia Criminal Law Procedure. The DPA is designed to facilitate efficient law enforcement and enhance corporate compliance and remediation by permitting corporations to undertake corrective measures in lieu of immediate prosecution, subject to the fulfillment of [...]

Key Differences Between OJK Circular Letter No. 25/SEOJK.04/2025 and No. 15/SEOJK.04/2020 on Electronic IPO Order Verification and Allotment

12th December 2025 OVERVIEW The Indonesian Financial Services Authority (OJK) has issued OJK Circular Letter No. 25/SEOJK.04/2025 (“SEOJK 25/2025”) to replace OJK Circular Letter No. 15/SEOJK.04/2020 (“SEOJK 15/2020”). The new circular updates the rules on order and fund verification, and pooling allotment in electronic IPOs. SEOJK 25/2025 aims to strengthen investor protection and ensure fair [...]

Indonesia’s Legal Framework on Music Royalties

3rd September 2025 OVERVIEW The controversy regarding the payment of royalties has recently become a public attention. Many business actors remain unaware of the regulations on music royalties. In fact, the provisions regarding royalties have been regulated since Law No. 28 of 2014 on Copyright and were further elaborated in Government Regulation No. 56 of [...]

Deregulation of Indonesian Import Policy

31st July 2025 OVERVIEW On 30 June 2025, the Indonesian government issued a new import regulation under the Minister of Trade Regulation No. 16 Year 2025 regarding Import Policies and Provisions (“MOT Regulation No. 16/2025”) which represents the start of its effort to deregulate the import policies in Indonesia. The MOT Regulation No. 16/2025 revokes [...]

Key Highlights of GR No. 28/2025

6th June 2025 OVERVIEW Regulatory Update: Indonesia’s Risk-Based Licensing Framework On 5 June 2025, the Indonesian Government enacted Government Regulation No. 28 of 2025, revoking Government Regulation No. 5 of 2021 on the Implementation of Risk-Based Licensing. This regulation brings major updates to the business licensing landscape, most notably by streamlining all licensing processes through the [...]