To keep up with the momentum of digitalized lending and address the multitude of aspects (including financial inclusion and consumer protection) impacted by this ever-growing practice, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or OJK) has finally issued the long-anticipated regulation that revamped OJK Regulation No. 77/POJK.01/2016 on Information Technology-Based Lending Services (POJK 77). On 4 July 2022, OJK enacted OJK Regulation No. 10/POJK.05/2022 on Information Technology Based Collective Funding Services, updating the requirements for peer-to-peer lending operators and revoked POJK 77.
Eddie Prabowo DewandaBrowsing
Eddie Dewanda is a partner with HHP Law Firm. Eddie has been working as a legal and tax counsel in different jurisdictions, including Indonesia, the Netherlands and the Middle East. He has an extensive experience in multiple merger and acquisition transactions of private and publicly listed companies particularly in highly regulated sectors such as banking and financial sectors. This experience includes leading due diligence on the target companies, preparing and analyzing the structure of the transaction, and preparing and negotiating the transactional documents, such as sale and purchase agreement and shareholders agreements.