December 9th, 2013 david
Three partners and foreign legal advisors at Soewito Suhardiman Eddymurthy Kardono have been recognized across four practice areas in the latest edition of the Expert Guide to the World’s Leading Banking, Finance and Transactional Lawyers, published by Euromoney’s Legal Media Group.
Ira Eddymurthy, a founding partner of SSEK, was recognized for her work in four practice areas: Banking, Capital Markets, Corporate Governance, and Mergers and Acquisitions. Darrell R. Johnson, a senior foreign advisor at SSEK, was recognized for Banking, and Mergers and Acquisitions. Michael S. Carl, also a foreign advisor at SSEK, was selected for Mergers and Acquisitions.
Researchers at Expert Guides sent out more than 4,000 questionnaires to senior practitioners and in-house counsel in more than 80 jurisdictions. The results were then analyzed and refined to determine inclusion in the guide.
December 5th, 2013 wira
By Mahareksha Singh Dillon
In a landmark decision on June 20, 2013, the West Jakarta District Court annulled a Loan Agreement because it was executed in English instead of Indonesian. The case involved a Loan Agreement that was concluded in English between the Plaintiff and the Defendant, with the Plaintiff asking the Court to declare the Loan Agreement and its derivative agreement null and void. The Court, through Decision Number 451/Pdt.G/2012/PN.Jkt.Bar, granted the Plaintiff’s claims and annulled the agreement and also ordered the Plaintiff to return the remaining outstanding loan to the Defendant.
Read more »
December 3rd, 2013 david
Soewito Suhardiman Eddymurthy Kardono recently joined with the Royal Society of St. George – Jakarta (RSSG) for a charity evening that raised thousands of dollars to support abandoned children in Jakarta. SSEK was a sponsor for RSSG’s Trafalgar Night event held November 16 in Kemang, South Jakarta.
More than 55 million Rupiah (US$5,000) was raised during the event for RSSG’s chosen charity, SOS Children’s Villages. This UK-based charity supports more than 60,000 children around the world and has been helping children in Indonesia since 1970.
Jonathan M. Streifer, a foreign advisor at SSEK who attended Trafalgar Night, said it was a great event and an even better cause. “We welcome the opportunity to give something back to our community, and there are few better causes than SOS Children’s Villages.”
December 2nd, 2013 wira
Please find attached the latest Legal Alert for October 2013.
SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.
Click here: Legal Alert October 2013
December 2nd, 2013 david
Darrell R. Johnson, a senior foreign advisor at Soewito Suhardiman Eddymurthy Kardono, will deliver a presentation on Tuesday, December 3, on “How to Overcome Anti-Corruption Compliance Challenges in Indonesia.” The presentation is part of the two-day “Singapore Summit on Anti-Corruption, Compliance and Risk Management,” organized by the American Conference Institute.
As the conference organizers say, recent corruption investigations and news headlines including GlaxoSmithKline, Pfizer, Eli Lily, RINO International Corporation, Oracle and Wal-Mart are reminders that corruption continues to be a serious liability and reputational risk for companies doing business in Asia. This is certainly true for companies doing business in Indonesia.
The Singapore summit promises a chance to network with the “who’s who” of anti-corruption compliance in Asia and develop compliance and risk-mitigation strategies. Read more »
November 26th, 2013 david
By Darrell R. Johnson and Dewi Savitri Reni
The Supreme Court has ruled that the Minister of Energy and Mineral Resources (ESDM) must revoke ESDM Regulation No. 7 of 2012 regarding Increasing Added Value through Mineral Processing and Refining Activities (ESDM Reg. 7).
The Regulation was held to conflict with the Indonesian Mining Law, at least insofar as the refining and processing of raw minerals is concerned. Article 21 of ESDM Reg 7 provides that exports of raw minerals will not be permitted three months after February 6, 2012, (i.e., May 5, 2012). The Mining Law imposed this requirement on holders of Contracts of Work (Kontrak Karya) starting January 12, 2014, but not on holders of Mining Business Licenses (IUPs), whereas ESDM Reg 7 applied to both. Read more »
November 25th, 2013 david
The Employment Law Alliance, a global network of leading labor and employment lawyers, is offering a free webinar on “Redundancies/Lay-offs in Asia and the Pacific.”
There will be two sessions. The first, on Wednesday, November 20, will focus on North Asia and the second, on Tuesday, November 26, will look at South Asia and the Pacific.
This webinar will discuss the legal obligations that apply to redundancies in the Asia-Pacific region. Read more »
November 13th, 2013 david
The two-day Offshore Marine Indonesia Summit was held November 19 and 20 at the Grand Hyatt Jakarta. Summit organizers brought together key regulators and major players in the offshore industry, including leading E&P companies, OSV suppliers and shipbuilders.
Scheduled speakers included the Vice President at SKKMigas for PSC contracts, the General Secretary of the Indonesian Shipbrokers Association, and the Chairman of the Indonesian Ship Building and Offshore Association, as well as industry leaders. They offered insight into the state of the offshore industry in Indonesia, covering topics such as the local financing landscape, strategies to increase the competitiveness of Indonesian’s shipyards and commercial solutions for meeting the demands of new regulations.
SSEK senior foreign adviser Michael D. Twomey and Stephen Igor Warokka, a senior associate at the firm, gave a presentation on Tuesday, November 19. They examined legal considerations associated with the Cabotage Law in Indonesia, including industry best practices and strategies for meeting regulatory requirements.
The Offshore Marine Indonesia Summit gave industry players the opportunity to expand their Indonesian network and build key partnerships in the growing Indonesian market.
November 11th, 2013 david
SSEK’s Bezaliel Basuki Erlan will be giving a presentation on Wednesday, November 13, on “Understanding Indonesia’s Data Directives.”
Bezaliel will examine data maintenance failure risks in the Indonesian regulatory framework and how companies can minimize those risks.
The presentation is part of a Cyber Risk Forum being organized by Jardine Lloyd Thompson, the British-based insurance and re-insurance business.
November 8th, 2013 david
By Richard D. Emmerson
There are several new and impending legal developments in Indonesia’s labor market that companies will want to take note of so that they can plan accordingly. This past year has seen a number of major developments in the legal and regulatory framework for labor and employment and some, such as those involving outsourcing and the minimum wage, have and continue to be quite contentious.
Here we highlight some recent labor law developments and take a look ahead at what companies might be able to expect through the rest of 2013. Read more »