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New Provisions on Alternative Dispute Resolution Institutions Within the Financial Services Sector

The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) has issued Regulation No. 61/POJK.07/2020 on Alternative Dispute Resolution Institution Within the Financial Services Sector (“ Regulation 61/2020 ”) in an attempt to establish more effective and efficient alternative dispute resolution institution and in response to recent developments in technology, products and services within this sector. [1]

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