INTRODUCTION

On 5 December 2025, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 32 of 2025 on the Implementation of Buy Now Pay Later (“OJK Reg 32/2025”), which entered into force on 15 December 2025.

This regulation establishes a comprehensive legal framework governing Buy Now Pay Later (“BNPL”) services in Indonesia. Its issuance reflects OJK’s response to the growth of digital financing technology, and the need for a regulation to ensure the implementation of BNPL in the financial services sector is conducted with due regard to prudential, consumer protection, and good governance principals.

CONCLUSION

OJK Reg 32/2025 marks a significant development in Indonesia’s digital financing regulation. By clearly embedding BNPL as a regulated product, OJK has reinforced oversight, improved transparency standards, and enhanced consumer protection safeguards.

For Commercial Banks, Financing Companies, and digital platform partners, this regulation signals a more structured regulatory environment. Timely compliance alignment and strategic reassessment of BNPL frameworks will be essential to ensure continued operation within Indonesia’s evolving financial regulatory framework.

Regards,

Pasaka Rievan Smith 
Counsellors at Law

Download to read the full article.

INTRODUCTION 

For High-Net-Worth Individuals (individu dengan kekayaan tinggi or “HNWI”) and family-based enterprises, wealth is rarely limited to liquid assets. It is often embedded in operating companies, holding structures, land and buildings, strategic investments, and intergenerational businesses that have been built over decades.

Yet, the very diversity and scale of these assets also create vulnerability. Without careful legal structuring, private wealth can gradually erode, not due to market forces, but due to fragmented ownership, inheritance disputes, regulatory non-compliance, or inadequate documentation.

Private wealth management, from a legal perspective, is therefore not merely about protection. It is about continuity, control, and orderly transfer of value across generations.

CONCLUSION

Wealth that is carefully structured is more likely to survive generations.

Through proper legal planning, families can preserve not only assets, but also control, harmony, and legacy, ensuring that what has been built over time continues to hold value for the future.

Regards, 

Pasaka Rievan Smith 
Counsellors at Law

Download to read the full article.

INTRODUCTION

The landscape of corporate administration in Indonesia has undergone a significant transformation. On December 11, 2025, the Ministry of Law of the Republic of Indonesia officially enacted Minister of Law Regulation No. 49 of 2025 on the Requirements and Procedures for the Establishment, Amendment, and Dissolution of Limited Liability Company Legal Entities (Peraturan Menteri Hukum No. 49 Tahun 2025 tentang Syarat dan Tata Cara Pendirian, Perubahan, dan Pembubaran Badan Hukum Perseroan Terbatas or "MoL Reg. 49/2025").

This regulation is a strategic response to the evolving legal environment, aiming to create a more transparent, effective, and accountable corporate legal service within the Ministry of Law. For business players, this is not merely a procedural update; it signals a shift toward stricter ongoing compliance and digital accountability.

CONCLUSION

The enactment of MoL Reg. 49/2025 marks a definitive end to the "file and forget" era of corporate administration in Indonesia. The introduction of mandatory annual report submissions and the severe penalty of SABH blocking means that corporate compliance must now be a permanent fixture on the Board's agenda.

We believe that regulatory changes are an opportunity to strengthen corporate integrity. We invite you to contact our advisors to ensure your business remains compliant and competitive in this new regulatory environment.

Hormat kami, 

Pasaka Rievan Smith 
Counsellors at Law 

Download to read the full article.