Global Legal Insights: Litigation & Dispute Resolution 2019

TILP - Issue 4, October 2024 | This article examines the updated regulatory framework governing short-term offshore loans for Indonesian banks, focusing on the recent changes introduced by Bank Indonesia to enhance prudential measures, mitigate risks, and ensure financial stability.

Following the discourse of the upcoming omnibus law, the government recently announced that it will submit omnibus draft bills on job creation (“Omnibus Law on Job Creation”) and taxation (“Omnibus Law on Taxation”) to the House of Representatives soon.

This advisory focuses on the main aspects which a Bank which intends to engage in the digital banking business must consider.

In early August 2019, the Indonesian Minister of Manpower amended Minister of Manpower and Transmigration Regulation Number 19 of 2012 on The Requirements for Outsourcing (“MOMR 19/2012”).