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Indonesia's OJK has rolled out a dedicated regulatory framework for Buy Now Pay Later (BNPL) financing through POJK 32/2025 and PADK 2/2026, now fully in force. The rules set strict requirements on who can offer BNPL, mandatory product features, debtor eligibility, and capped repayment ratios. FKNK Law Firm breaks down what Financing Companies need to know to stay compliant ahead of the 1 July 2026 enforcement deadline.

Indonesia's Law No. 4 of 2026 reshapes who can own shares in the Indonesian Stock Exchange, opening ownership beyond Exchange Members and formally recognizing demutualization for the first time. The amendment also creates a legal basis for the Ministry of Finance, Bank Indonesia, and Danantara to become shareholders. FKNK Law Firm breaks down what this regulatory shift means for capital markets stakeholders and what to watch for as OJK prepares its implementing regulations.

On 11 June 2026, FKNK Law Firm traded boardrooms for padel courts as the firm gathered for its very first internal padel tournament: an evening of fierce competition, big energy, and even bigger prizes. Held at Trinity Courts Jakarta, the tournament brought together 32 participants across two categories designed for every kind of player: the Ambis Category for the firm's more competitive souls, and the Santai Category for those who believe padel is best enjoyed with a smile.

The Indonesian Director General of Taxes has officially released PER-6/PJ/2026, establishing the definitive procedural framework for implementing the Global Minimum Tax (GloBE) rules. This regulation serves as the technical cornerstone for PMK 136/2024, aligning Indonesia with the OECD’s Pillar Two initiative. By mandating a 15% minimum effective tax rate (ETR) for large multinational enterprises (MNEs), the regulation ensures that Indonesia effectively secures its taxing rig

On 17 December 2025, the Badan Pusat Statistik (“BPS”) issued Regulation No. 7 of 2025 on the Indonesian Standard Industrial Classification (“BPS Reg. 7/2025”). This regulation revokes and replaces BPS Regulation No. 2 of 2020 and introduces updates to the Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia – “KBLI”) transitioning from KBLI 2020 to KBLI 2025. Under BPS Reg. 7/2025, all business actors utilizing KBLI classification are req

FKNK Law Firm marked the holy month of Ramadan with a heartfelt iftar dinner, bringing together its entire Jakarta team from partners to associates and support staff under one roof. Held at Momo Paradise Jakarta on Thursday, 5 March 2025, the gathering served as a meaningful reflection of the firm's enduring values of unity, inclusion, and mutual respect. The evening brought together all partners alongside the full Jakarta team in an atmosphere of warmth and camaraderie. For

Ditulis oleh: Meilisa Husein S.H. M.H. & Feira Salsabila S.H. Dalam praktik bisnis modern, kerja sama antara dua atau lebih entitas ekonomi kerap diwujudkan melalui kerjasama permodalan - Joint Venture (“ JV ”) atau kerja operasi - Joint Operation (“ JO ”). Kedua bentuk ini banyak digunakan dalam proyek-proyek strategis dalam berbagai macam sektor. Kerja sama semacam ini menjadi pilihan karena bertujuan untuk memaksimalkan efisiensi operasional dan untuk memitigasi risiko b

The Indonesian Capital Market is undergoing a strategic transformation in 2026. The Financial Services Authority (“OJK”) and PT Bursa Efek Indonesia (“IDX”) are shifting their focus from listing volume to market quality and liquidity. This regulatory reset demands immediate attention from the public companies or issuers to adapt to the new compliance standards set under OJK’s and IDX’s strategic roadmap. Below are some of the insights into such a transformation.

The Indonesian Capital Market is undergoing a strategic transformation in 2026. The Financial Services Authority (“OJK”) and PT Bursa Efek Indonesia (“IDX”) are shifting their focus from listing volume to market quality and liquidity. This regulatory reset demands immediate attention from the public companies or issuers to adapt to the new compliance standards set under OJK’s and IDX’s strategic roadmap. Below are some of the insights into such a transformation.

On November 18, 2025, Indonesia officially updated its Criminal Procedure Law through the ratification of the Draft Bill on the Criminal Procedure Code (" KUHAP "). This update will officially take effect on January 2, 2026, accompanying the enforcement of Law Number 1 of 2023 concerning the Criminal Code (" KUHP "). The enactment of the KUHP and the KUHAP introduces new concepts to the criminal justice system in Indonesia, including the enlargement of criminal subjects and s

The promulgation of Government Regulation No. 28 of 2025 concerning the Implementation of Risk-Based Business Licensing (“ GR 28/2025 ”) marks a significant milestone in the evolution of Indonesia’s business licensing regime, effectively repealing Government Regulation No. 5 of 2021 concerning the Implementation of Risk-Based Business Licensing (“ GR 5/2021 ”). This new regulation reflects the government’s continuous commitment to policy reform aimed at streamlining licensing

Indonesia’s insolvency landscape is mainly governed by Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations and supplemented by Supreme Court procedural guidelines that provide a structured framework for courts and practitioners. Despite being relatively young compared to regimes in mature jurisdictions, Indonesia’s restructuring system has evolved rapidly. Successive court practice, judicial guidance, and selective reforms have fostered a more predict

The Indonesian government has recently introduced a new investment policy following the issuance of Government Regulation No. 28 of 2025 concerning the Implementation of Risk-Based Business Licensing. The technical provisions are further elaborated under Regulation of the Minister of Investment and Downstream Industry/Chairman of the Indonesia Investment Coordinating Board No. 5 of 2025 (“BKPM Regulation No. 5/2025”), which has been in effect since 2 October 2025. Key Changes

On February 24, 2025, the President of the Republic of Indonesia, Prabowo Subianto, enacted Law Number 1 of 2025, constituting the Third Amendment to Law Number 19 Year 2003 concerning State-Owned Enterprises/Badan Usaha Milik Negara ( “BUMN” ) ( “Revised BUMN Law” ). This substantive amendment marks a new chapter in the governance of BUMN within Indonesia. This includes the establishment of the Daya Anagata Nusantara Investment Management Authority (BPI Danantara), and w

Now, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK” ) is further strengthening governance and regulatory oversight in the financial sector, especially for issuers and public companies, through Financial Services Authority No. 45 of 2024 on the Development and Strengthening of Issuers and Public Companies ( “POJK 45” ). POJK 45 is a derivative regulation oriented from Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector ( “P2SK Law”

Indonesia is a strategic country with a large population that contains a million opportunities for the utilization of Artificial Intelligence (AI). As a country with the largest digital economy market power in Southeast Asia, the Indonesian government needs to develop policies that continue to evolve in the face of AI technology which has already affected various sectors, such as telecommunication and finance. Currently, Indonesia does not have specific regulations governing

With the issuance of Law No. 4 of 2023 on Financial Sector Development and Strengthening ( “P2SK Law“ ), several provisions specifically regulating the financial sector have been updated. Among the adjustments that were generated were the provisions regarding the legal framework of financial conglomerates (previously stipulated under Financial Services Authority Regulation No. 45/POJK.03/2020 ( “POJK 45/2020“ ) have been amended and updated. As a result, to carry out the mand

The Ministry of Law and Human Rights of the Republic of Indonesia has issued Regulation of the Ministry of Law and Human Rights of the Republic of Indonesia Number 20 of 2024 concerning Procedures for Requesting Copies of Corporate Legal Service Products which revokes Regulation of the Ministry of Law and Human Rights of the Republic of Indonesia Number 11 of 2019 concerning Procedures for Requesting Copies of Decrees and/or Copies of Notification Receipt Letters of Limited L

Regulation 47/2024: Enhancing Financial AccesThe Indonesian government has taken a significant step toward supporting micro, small, and medium enterprises (MSME) by introducing a policy to write off certain non-performing receivables. This initiative was enacted through Regulation No. 47 of 2024 (“Regulation 47/2024”), which has been in force since November 5, 2024. Regulation 47/2024 is a targeted policy aimed at addressing the financial challenges faced by MSME. It will rem

Brief Overview of Omnibus Law The former President envisioned creating a decent life for the people of Indonesia through job creation. To achieve this goal, some regulations must be adjusted to improve ease of doing business, protect and empower micro, small, and medium-sized enterprises (MSMEs or UMKM in Indonesian), enhance the investment ecosystem, accelerate national strategic projects, and strengthen worker protection and welfare. For the first time, the government took