Indonesia has recently emerged as Southeast Asia’s largest digital economy, which is currently valued at over US$90 billion and is home to 14 ‘unicorn’ tech startups. Despite this growth, however, there are concerns that its laws and regulations are lagging behind, especially those related to its competition policy. Indeed, recent developments in the EU, US and UK demonstrate that competition law’s ‘traditional’ toolbox alone may not be sufficient to address the novel issues raised by A.I. and Big Data; rather new tools and frameworks need to be developed to tackle the challenges posed by these emerging technologies.
In this webinar, Rifky will examine what makes digital markets distinct from conventional brick-and-mortar markets, and why that may necessitate a different approach to competition enforcement and regulation. He will also critically analyse some of the recent landmark antitrust cases in Indonesia’s digital economy to examine gaps in Indonesia’s current competition law. Additionally, drawing on insights from his current doctoral research at the University of Oxford, Rifky will explore some of the policy reforms and strategies that are needed to ensure that Indonesia’s competition policy can adequately safeguard businesses, SMEs, and consumers from unfair business practices in the digital economy.
Rifky is an Assistant Professor at the Faculty of Law, Universitas Gadjah Mada (UGM), where he teaches Competition Law and Indonesian Business Law. He is currently a DPhil in Law candidate at the University of Oxford, and a researcher at Oxford's Centre for Competition Law and Policy. His doctoral research examines how developing countries should adapt their competition policies to address the unique antitrust challenges posed by the digital economy. Rifky holds an LL.M. degree with a Dean’s Scholars Prize from Harvard Law School, an MJur degree with Distinction from Oxford, and an LL.B with Summa Cuma Laude from UGM. As an academic, Rifky’s research has been published by leading academic press such as OUP and Hart. He is frequently invited as a speaker to present his academic work in international forums such as ASCOLA, by international organisations such as UNCTAD, as well by leading universities such as Harvard, Sciences Po Paris, and NUS. He regularly advises the Indonesian Competition Commission (KPPU) as well as the private sector on antitrust issues related to the digital economy.