| Issue Number : 853ID Indonesian translation

2023 Regulatory Kaleidoscope: Regulations in Figures and Highlights

The year 2023 has been a rather eventful one for the issuance of regulations in Indonesia due to the issuance of several long-awaited legal instruments and given that the country is looking towards future developments. Various impactful and important legal frameworks were issued during 2023 along with a range of multi-sectoral regulations that are being aimed at the achievement of long-term targets and the future development of Indonesia.

| Issue Number : 852

Navigating Fair Use Complexities under Indonesias Copyright Laws to Promote Responsible Creativity

the concept of fair use allows certain uses of copyrighted works without prior permission from the Authors, which aims to maintain an appropriate balance between the interests of Authors and users of the copyrighted works. However, in terms of its implementation, fair use should only be intended for activities with non-commercial purposes

| Issue Number : 851ID Indonesian translation

Bill on the Second Amendment to the ITE Law: Addressing Past Concerns and Granting the Government Greater Authority

In the larger picture, the amendment is set to accommodate various attempts to protect the rights of children during the use of electronic systems, the granting of greater authority to the government regarding preventive measures that are implemented through orders that address adjustments to electronic systems, as well as the imposition of clearer and more comprehensive elements of crimes as the basis for criminal charges and the imposition of criminal sanctions.

| Issue Number : 850ID Indonesian translation

Transforming the Indonesian Money Market: Redefining Products, Eligible Participants and the Application of Sustainable Financing

The introduction of the new framework of Regulation 12/2023 manifests BIs concrete commitment to the transformation of the domestic Market into a system that is both modern and advanced. Along with the diversification of Products, the utilization of smart technologies, contracts for the organization of Products and the enhancement of Data and Information management, this new framework is also expected to be able to respond to global challenges, such as digitalization and financial system reform through financial market infrastructure

| Issue Number : 849ID Indonesian translation

Supreme Court Decisions on Environmental Crimes in Indonesia: A Statistical Analysis of the 2020 - 2023 Period

This edition of ILD highlights various complexities that underlie the legal processes and challenges that relate to environmental reparations. By combining legal analysis, case statistics and critiques, we offer a comprehensive insight into Indonesias environmental criminal law landscape that emphasizes the need for a nuanced and data-driven approach that addresses these issues effectively.

| Issue Number : 848ID Indonesian translation

Unveiling IKN Investment Frameworks and Incentives: Driving Economic Growth

The new regulatory frameworks are designed to create a conducive environment within IKN and its Partner Regions that is capable of fostering economic growth, job creation and infrastructure development.

| Issue Number : 847ID Indonesian translation

Unlocking the 'E' in ESG: Towards Achieving Favourable Environmental Performance

In this edition of Indonesian Legal Digest (ILD), Hukumonline offers an analysis of the various aspects of the E-Pillar component of ESG, including the concept of the E-Scores and environmental metrics, as well as the incorporation of environmental aspects into business activities, along with relevant obligations and reporting mechanisms. The main objective of our discussion is to explore the significance of the E-Pillar, as well as to guide companies on the various ways in which they can achieve favorable E-Scores

| Issue Number : 846ID Indonesian translation

OJK Set to Restructure Microfinance Institutions in Indonesia

the Draft Regulation represents a comprehensive and stringent regulatory framework that seeks to enhance the governance, soundness and operational transparency of LKM. In addition, the new framework underscores the need for LKM to adapt to the new asset-based categorization system, prepare for increased reporting obligations and prioritize good corporate governance, risk management and anti-fraud measures. Compliance with these regulations will be vital for the long-term viability and success of LKM within Indonesias evolving financial landscape

| Issue Number : 845ID Indonesian translation

Transforming Indonesian Agrarian Reform: Empowerment Through Land Rights and the Resolution of Agrarian Conflicts

Regulation 62/2023 states that the implementation of agrarian reform should be expedited through a series of actions that include asset legalization, land redistribution, empowerment of the subjects of agrarian reform, agrarian reform institutions; and public participation

| Issue Number : 844ID Indonesian translation

Starting a Franchise Business: Development Options

Prospective franchise organizers, which include regular and/or advanced Franchisors and Franchisees, will be required to undergo several phases to ultimately start their franchise business. Those phases include the disclosure of offering prospectus, signing of franchise agreement, submission of Business Identification Numbers (Nomor Induk Berusaha/NIB) application via the Online Sigle Submission (OSS) system, submission of Franchise Registration Certificate (Surat Tanda Pendaftaran Waralaba/STPW) application via the OSS system and compliance with other legal obligations (e.g. regional taxes and levies).

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