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OVO, officially a product of PT Visionet International, is a digital payment service based in Jakarta, Indonesia. It was established in 2017 with an e-money license from Bank Indonesia, [1] and in 2019 was Indonesia's top digital payment service. [2] Owned by Grab and local investors, [3] in 2019, OVO became Indonesia's first finance-tech ...
There are, broadly, three approaches to the administration of cross-border insolvency: [3] The territorial approach, whereby each country exercises its own domestic insolvency laws in relation to all the debtor's property and all of the creditors located within its jurisdiction.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (), at maturity; those in a state of insolvency are said to be insolvent. ...
Corruption is an important development challenge that poses economic and social costs in Indonesia. Interference in public laws and policies for the sake of personal or private gain has weakened the competitiveness of Indonesia. [8] About one-quarter of ministries suffer from budgetary diversions in Indonesia. Households spent approximately 1% ...
A major problem for the court, like other parts of the legal system in Indonesia, is enforcement of decisions. The ability of the court system in Indonesia to have decisions enforced is sometimes quite weak and in recent years across Indonesia local officials have, in some cases, refused to abide by important decisions of the Constitutional Court.
Organised crime in Indonesia refers to planned crimes in Indonesia that could be perpetrated by either a political party or Indonesian gangs, also referred to as preman. The illegal activities may include corruption , cybercrime , money laundering , violence , felonies , extortion , racketeering and drug trafficking .
The EC Regulation on Insolvency Proceedings 2000 was passed on 29 May 2000 and came into effect on 31 May 2002. [5] It replaced the substance of the 1995 Convention. [6] The Regulation applies between all member states of the European Union, with the exception of Denmark which has an opt-out from the EU's Area of freedom, security and justice, and focuses upon creating a framework for the ...