11 October 2023 MNP Clients’ Alert – Indonesia Bans E-Commerce Activities on Social Media Overview of Minister of Trade (MOT) Regulation No. 31 of 2023 Since 2022, the growth rate of e-commerce activities on social media platforms in Indonesia has been rapidly increasing. Instagram, TikTok, Facebook, just to name a few, launched its…
21 June 2023 Compliance Bulletin – June 2023 International Sanctions Screening Sanctions screening is the process of determining whether a country sanctions a person, company, or other entity. In the financial services industry, this process would normally be part of the KYC (know-your-customers) process. Historically, sanctions screening has been a blind spot for business…
27 April 2023 Corporate Newsletter – April 2023 Indonesian Law No. 4 of 2023 – Easing Insurtech Penetration The insurance industry was being watched by technology start-ups in light of the maturity of the industry which signifies the readiness for disruption by introducing technology to be part of insurance business’s core. The…
12 April 2023 Corporate Newsletter – April 2023 ChatGPT – Privacy Point of View Overview of ChatGPT Chat Generative Pre-trained Transformer (“ChatGPT”) was launched in November 2022. ChatGPT is a language model driven by Artificial Intelligence (AI) built by OpenAI. In a very short period of time, ChatGPT has gained popularity globally to the…
15 March 2023 Corporate Newsletter – March 2023 Corporate Guarantee in Commercial Deals – The Do’s and Don’ts Indonesian Civil Code categorises ‘guarantee’ as one of the forms of security to ensure performance/fulfillment of certain obligations or engagements (in Bahasa “perikatan”) such as debts, payment obligations. Guarantee would normally be granted by individual. Along…