Makarim & Taira S.

Indonesia’s PDP Law: What Fintech Companies Need to Know   With the Personal Data Protection Law (PDP Law) set to come into full effect in October 2024, fintech companies must make sure they comply with its stricter data governance requirements. From obtaining data owners’ (“subjects’”) explicit consent to appointing a Data Protection Officer (DPO), the law imposes significant new obligations that may affect fintech companies’ current operational and cybersecurity strategies.   Understanding these regulatory shifts is key to maintaining compliance and mitigating legal risks.   Read more in this article by our Managing Partner, maria sagrado: https://lnkd.in/gNNtusZe

Indonesia’s mandatory VAT increase to 12% in 2025 has been adjusted. Luxury goods, such as private jets and designer handbags, now carry the higher rate, while most other goods effectively remain at 11%. Read our advisory to make sense of these changes. Co-authored by our Partner, Rahayu Ningsih Hoed, and our Senior Associate, Hendrik Alfian Pasaribu.

Indonesia’s Constitutional Court has removed ambiguity from the definition of international arbitration awards, while also confirming the fairness of their enforcement. This advisory examines the implications of the Court’s recent rulings and the path forward for Indonesian arbitration law. Co-authored by our Partner Rudy Andreas S., and our Associates, Golden Mandala and Tania R.L Hutapea. #arbitration #constitutionalcourt #makarimtairas

Wishing you wisdom, transformation and resilience in the Year of the Wood Snake. May this year bring everyone prosperity, happiness and good health. Gong Xi Fa Cai!

We are honored to be recognized once again in the Legal 500 Asia Pacific 2025 rankings, a reflection of Makarim & Taira S.'s unwavering dedication to excellence in the legal field.   This year, we’ve secured notable rankings in the following 11 key practice areas, showcasing our depth of expertise: * Antitrust & Competition * Banking & Finance * Capital Markets * Corporate and M&A * Dispute Resolution * Intellectual Property * IT & Telecoms * Labor & Employment * Projects & Energy * Real Estate * Restructuring & Insolvency   We are particularly proud to announce that Rahayu Ningsih Hoed and Hilton King have been awarded the prestigious "Hall of Fame" status by Legal500. This honor recognizes lawyers at the very top of the profession, widely respected by peers and clients for their longstanding involvement in market-leading work.   Additionally, we celebrate the individual recognition of our other outstanding Partners:   maria sagrado, Vincent Ariesta Lie, Frederick Simandjuntak, Norma Mutalib, Stephanie Kandou, and Rudy Andreas S..   We’re also proud to share that several of our Associates have been recognized:   Pudiahwai Willy Wibowo, Lebdo Dwi Paripurno, Budhy Apriastuti Evita, Made Susanti, and Tania R.L Hutapea.   These achievements are grounded in the trust and support of our clients and peers. Your feedback and confidence fuel our commitment to delivering unparalleled legal services.   Here’s to a successful year ahead, building on this foundation of excellence.

As Indonesia’s digital transformation accelerates, strong cybersecurity laws are vital. This advisory covers recent regulatory updates on data protection, cybercrime prevention, and their impact on businesses and digital sovereignty. Check out our latest advisory for full details. Co-authored by our Associates, Marsha Qitara and Kaila Arinta Nazneen, and our Partner Heru Mardijarto.

We are proud to share that Makarim & Taira S. continues to be recognized as one of Indonesia’s top law firms in the Chambers and Partners Asia Pacific 2025 rankings, an achievement we have maintained since 2008. This recognition reflects our dedication to excellence and the trust that our clients and peers have in us in the evolving legal landscape. Our firm has been ranked in these key practice areas: Banking & Finance Competition/Antitrust Corporate/M&A Dispute Resolution Employment Projects & Energy Real Estate We are also delighted to celebrate the achievements of the following lawyers whose expertise and commitment have been acknowledged: Rahayu Ningsih Hoed (Projects & Energy, Real Estate) maria sagrado (Banking & Finance) Vincent Ariesta Lie (Projects & Energy, Corporate/M&A) Hilton King (Projects & Energy, Corporate/M&A) We thank our clients, peers and team for their continued support which motivates us to set even higher standards in legal service. Explore the full rankings and details here: https://lnkd.in/gx5KKNic

Attention electronic system operators in Indonesia: The government has updated its fines and takedown rules for user-generated content. With stricter enforcement now starting, it’s important to understand the new compliance requirements and risk of fines. Check out our latest advisory for full details. Co-authored by our Associates, Kaila Arinta Nazneen and Mawira Sudarmadi, and our Managing Partner maria sagrado.

On December 10, 2024, we had the honor of hosting a Compliance Training for PT Central Java Power. The training covered essential topics designed to help businesses operate ethically and meet regulatory standards.   A key part of compliance is Good Corporate Governance (GCG), which helps companies make fair, transparent, and responsible decisions. When companies fail to comply with rules, they can face serious problems like legal penalties, financial losses, and damage to their reputation, which can harm their long-term success.   In today’s business environment, compliance is more than a legal requirement, it’s a foundation for building trust, accountability, and strong ethical practices within organizations. Compliance means following laws, regulations, and company policies to mitigate risks and protect the company’s reputation. It plays a key role in keeping the business running smoothly and earning trust from employees, clients, and the public.   The session began withopening remarks from our Senior Partner, Rahayu Ningsih Hoed, and Surya Rahman, Representative from PT Central Java Power, setting a positive and engaging tone for the day.   The training featured three focused sessions: Harassment in the Workplace – presented by our Senior Associate, Hendrik Alfian Pasaribu, this session explored various forms of harassment, recent legal updates, and practical prevention strategies. Privacy & Data Protection – presented by our Associate, Golden Mandala, emphasizing the importance of safeguarding personal data under Indonesia's PDP Law to avoid breaches and mitigate legal risks. Compliance and Conflict of Interest – presented by our Associate, Adriano Firizky Camstra, discussing the role of compliance and strategies to manage conflicts that could affect professional decision-making. We thank PT Central Java Power for their dedication to promoting compliance and look forward to strengthening our partnership and fostering deeper collaboration in the future.

Indonesia strictly prohibits any kind of gambling, but this does not mean that its citizens cannot win exciting prizes through random draws. A “Free Prize Draw” is a legal way for people to win prizes at no cost. The Ministry of Social Affairs (“MOSA”) allows participation in lucky draws organized by licensed entities, as long as the winners are selected randomly. Recently, the MOSA updated the rules on free prize draws under MOSA Regulation No. 3 of 2024, which partially amends MOSA Regulation No. 1 of 2021 on the same subject. Our advisory explains the key updates introduced by MOSA Regulation No. 3 of 2024. Co-authored by our Associates, Aliya Ilysia Irfana Ampri and Kaila Arinta Nazneen, and our Managing Partner maria sagrado.