G&R Airtime Ginting & Reksodiputro in association with Allen & Overy

Tune in to uncover insider tips and embark on a career journey with G&R. Listen to our recruitment team as they answer the frequently asked questions and share valuable insights into our recruitment process.

The current global economic sentiment has affected the fundraising efforts of Indonesian startups, especially in later funding rounds, as companies encounter challenges in justifying their previous valuations. There is a notable shift occurring in the mindsets of both investors and founders, with an increasing focus on profitability and EBITDA as key performance measures. In this episode, we delve into the evolving dynamics of Indonesian startups.

In this episode, we will be discussing the massive growth of digital banks in Indonesia. Our senior associate, Sam Samid along with associate, Agnes Guntara, will touch upon what a digital bank is from a legal perspective and what has been driving banks’ appetite for digitalisation in recent years, including the regulatory hurdles that investors should be aware of.

In Indonesia, the Personal Data Protection (PDP) Bill was passed and become law in October 2022 in Indonesia. PDP Law is the first comprehensive law in Indonesia to govern personal data protection in both electronic and non-electronic systems. Albeit being passed in October 2022, in the provisions of the PDP law, there is a two year grace period to allow parties to comply with the new standards imposed. 
With two-years grace period for parties to comply with its requirements, enactment of implementing regulations is forthcoming but uncertainties are still up in the air. However, that does not mean that companies cannot prepare themselves for the PDP Law. 
To learn more, tune in to our data specialists, Cedric Lindenmann, Prasetyo Sukirno, Agnes Guntara’s discussion on the latest happenings in Indonesia. 

Singapore’s Personal Data Protection Act (PDPA) had its first comprehensive review since 2012. The review has changed the Personal Data Protection Commission’s (PDPC) enforcement powers, they can now impose fines of 10% of a company’s turnover under certain circumstances - what does this mean for your businesses? 
The PDPC also recently released guidelines on ‘Personal Data Protection Considerations for Blockchain Design’. As businesses across the world are starting to deploy distributed ledger technologies some of these blockchain networks have started storing personal data. From a practical perspective, how does the PDPA affect businesses that are using blockchain technologies to process personal data? 
Tune in to Cedric Lindenmann, Yu Jia Ang and Jessica Dye’s discussion on data protection developments in Singapore. 

In the first episode, our team of ASEAN data experts gave a high level update on the latest happenings in the region. Among other developments, we know that: 
The Indonesian government has recently passed the Personal Data Protection Bill 
The very first data protection legislation in Thailand has finally come into effect in June 2022.
The PDPA in Singapore has had its first comprehensive review since 2012 
Let our team of ASEAN data experts talk you through these developments, and what it means for your business. 
Email us to get first hand news on these updates.