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G&R Airtime: our Indonesia-focused podcast

Season two: Latest regulatory insights from G&R Airtime

In the second season of G&R Airtime, our hosts from Ginting & Reksodiputro in association with Allen & Overy will cover a wide range of topics which are high up on the agenda for many organisations as they navigate this turbulent and challenging time. With a focus on topics of interest to Indonesian based companies and organisations from a broad range of sectors, we bring you our insights on the latest regulatory trends and market developments to ensure that you can stay ahead. 

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Episode 10 – Recent development relating to private placement of debt securities and sukuk issuances in Indonesia  

In Episode 10 of G&R Airtime, we provide a brief overview of the recent regulatory framework relating to private placement of debt securities and sukuk issuances in Indonesia. Listen to our experts as they discuss:

  • The requirements of the relevant regulatory provisions relating to private placement of debt securities, including the issuance of convertible bonds, and sukuk issuances in Indonesia;
  • The issues that arise in practice in complying with the relevant regulation, as well as concerns market participants have about its implementation;
  • What the OJK has done to address these issues and concerns, and in particular the recent letter issued by the OJK to clarify implementation of the regulation; and
  • What the market outlook for private placement in Indonesia is in light of the OJK’s approach.

This episode is delivered in English.

Download episode 10

Episode 9 – Restructuring in Indonesia under the shadow of Covid-19

This time on G&R Airtime we are discussing the loan restructuring regime in Indonesia. With the Covid-19 pandemic putting additional pressure on companies to perform in severely challenging conditions, it is vital that companies are aware of their options when they find themselves in financial distress. In this episode, we consider:

  • The restructuring regime in Indonesia;
  • Considerations that companies and banks should take in to account when embarking on a loan restructuring;
  • Measures that the Indonesian government has put in place in response to the Covid-19 pandemic to support companies and banks; and
  • The key legal stages of the restructuring process and what role legal advisors play.

This episode is delivered in Bahasa Indonesia/English.

Download episode 9

Episode 8: Indonesian unicorn and decacorn companies – going public 

The decision to go public is a significant milestone in the development of a company, which has the potential to offer exciting new opportunities and propel the company to a new level. This week’s episode of G&R Airtime analyses the start-up scene in Indonesia and discusses the pathway to an initial public offering (IPO) for unicorn and decacorn companies. We explain:

  • The current landscape for start-ups in Indonesia;
  • The potential benefits of an IPO for unicorn and decacorn companies (and their shareholders);
  • Some of the key considerations that should be taken into account when deciding whether to pursue an IPO;
  • What key stakeholders can do prior to an IPO to protect their rights;
  • What is meant by a “dual class share structure” and the legal implications of adopting such a structure before conducting an IPO; and
  • Our views about what could be done to improve the IPO process in relation to the Indonesia Stock Exchange.

This episode is delivered in Bahasa Indonesia/English. Download episode 8

Episode 7: Spotlight on sovereign bonds and state debt

This week’s episode of G&R Airtime shines the spotlight on the current state of affairs in relation to sovereign bonds and sovereign debt, with a particular focus on Indonesia. This topic has received a lot of interest, as the Covid-19 pandemic has intensified the challenges faced by many sovereigns and their creditors. In this episode, we will discuss:

  • What a sovereign bond is;
  • Why governments might decide to issue sovereign bonds;
  • The recent issuance by the Republic of Indonesia, including the rationale behind this in light of the ongoing Covid-19 pandemic;
  • The process of a typical sovereign bond issuance and what the role of legal advisers is; and
  • Some of the key legal factors to consider when issuing Indonesian sovereign bonds.

This episode is delivered in Bahasa Indonesia.

Download episode 7

Episode 6: The status of e-signatures in Indonesia

With large numbers of people around the world working from home, the question of how you can practically and validly execute documents is one which has troubled many. Getting it wrong can have serious and irreversible consequences. In this episode, we discuss the legal status of e-signatures in Indonesia, and in particular: 

  • What constitutes an e-signature?
  • Whether the courts in Indonesia would recognise and enforce agreements executed by e-signature.
  • Who can effect an e-signature?
  • What documents can be signed by e-signature?
  • What should parties consider from a practical perspective before electronically signing a document? 
Download episode 6

Season one: fintech in Indonesia

The number of Fintech and tech based start-ups coming out of Indonesia in recent times has been significant. Global investors seeking the next big thing have taken notice of the Indonesia macro-economic story, which sees a young, growing, tech-savvy, middle-class consumer looking to achieve their dreams and, in the process, leapfrog old technologies. Investors are fighting over which start-ups to invest in. 

In season one of G&R Airtime, lawyers from Ginting & Reksodiputro, in association with Allen & Overy, together with guest speakers, will uncover the current commercial and legal fintech or tech development trends in Indonesia as well as the fintech regulatory landscape in order to highlight potential opportunities and challenges for both investors and start-ups.

Episode 1: Fintech series - welcome

In this episode, G&R Airtime shares a sneak peek into what to expect from the podcast series.                                                                                                                               

Download episode 1

Episode 2: #LocalHero – Kopi Kenangan: the rising star

In this episode of G&R Airtime’s Fintech Series, we speak to James Prananto, COO and co-founder of Kopi Kenangan, one of Indonesia’s homegrown coffee chains, about the company’s journey and impressive growth including: 

  • How they started out and lessons learned along the way; 
  • The company’s ambitions for growth; 
  • How they approached the issue of funding;
  • What they look for in investors;
  • The role of e-money and e-payments in their business; and 
  • Advice for young entrepreneurs when starting their own business. 

This episode highlights things to consider when starting a business from a commercial perspective, and provides useful insight into the increasingly important role of fintech in modern business. 

Download episode 2

Episode 3: The rise and future of e-Money, e-Payments and e-Wallets in Indonesia

G&R Airtime unpacks the jargon behind e-Money, e-Payments and e-Wallets, and discusses their related developments and regulatory requirements in the face of Indonesia’s desire to move to a cashless society.

Listen to find out more about:

  • The difference between e-Money, e-Wallets and e-Payments
  • The regulatory bodies that govern fintech in Indonesia and their compliance requirements
  • How relevant regulations have evolved over the last three years in Indonesia and expectations for the future
  • A deeper look into e-Money including the restrictions you need to be mindful of when entering the e-Money business and
  • What happens to e-Money when it is stored by an issuer. 
Download episode 3

Episode 4: #LocalHero – Akseleran: peer-to-peer lending in Indonesia

Hear from Ivan Tambunan, CEO and co-founder of one of Indonesia’s leading peer-to-peer (P2P) lending platforms, Akseleran, about the P2P market and what is important for borrowers and lenders when venturing into this space.  In this episode, you will hear about:

  • Why Akseleran evolved from an equity crowd funding platform into a purely P2P lending platform
  • Ivan’s thoughts on ‘financial inclusion’ and his plans to fill Indonesia’s SME funding gap
  • The challenges P2P lenders face when seeking investors, but also how the company is looking to protect its investors from non-performing loans
  • The regulatory landscape for P2P platforms and OJK’s desire to curb illegal P2P players
  • Advice for future P2P startups, including what to look for in a VC investor
Download episode 4

Episode 5: Understanding cryptocurrencies and their future in Indonesia

The world of cryptocurrencies can sometimes seem daunting and complex to the uninitiated. In this episode of G&R Airtime, our hosts go back to basics on cryptocurrency and discuss:

  • Characteristics of cryptocurrency, its risks and how this has impacted various regulations in Indonesia;
  • How a typical cryptocurrency transaction plays out in practice;
  • What is blockchain and how does it work in reality?
  • Stable coins and whether they are a form of e-money or a cryptoasset in Indonesia; and
  • How the regulators in Indonesia view cryptocurrency.
Download episode 5

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