FKNK Law Firm

Indonesia just opened IDX share ownership to individuals and legal entities for the first time. But owning more than 5% requires OJK approval — and the criteria raise open questions, especially for individual investors. FKNK Law Firm unpacks the new ownership framework under POJK 13/2026, what the 5% threshold actually means in practice, and what remains unresolved as IDX moves toward demutualization and IPO.

Indonesia's Constitutional Court has drawn a clear line: administrative errors by public officials are not automatically corruption. In Decision No. 66/PUU-XXIV/2026, the Court ruled that criminal proceedings may only proceed where actual criminal intent is established. FKNK Law Firm breaks down what this landmark ruling means for public officials, government agencies, and legal certainty in Indonesia's public administration.

Being listed as a shareholder in a company deed does not automatically prove capital was ever injected. Under Indonesia's Company Law, valid proof of capital contribution requires bank deposit evidence, audited financials, or a signed balance sheet not just administrative registration. FKNK Law Firm explains why this distinction matters and what it means for shareholders in the event of a dispute.