Global Legal Insights: Litigation & Dispute Resolution 2019

After five long years since the issuance of Law No. 7 of 2014 on Trade (the “Trade Law”), the Government of Indonesia finally issued an implementing regulation on e-commerce on 20 November 2019, through Government Regulation No. 80 of 2019 on Trade through the Electronic System (“GR 80/2019”). This regulation is part of the Government’s efforts to encourage internet-based transactions and trading as part of making Indonesia 4.0.

The Investment Coordinating Board (Badan Koordinasi Penanaman Modal/”BKPM”) issued two new sets of regulations on investment, i.e.

Financial Services Authority issues OJK Regulation No. 10/POJK.05/2022 on Technology-Based Collective Financing Services on 4 July 2022.

The Investment Coordinating Board (Badan Koordinasi Penanaman Modal – “BKPM”) recently issued Regulation No. 5 of 2019 (“Reg No. 5/2019”) which came into effect on 29 July 2019.