November 12th, 2014 david
The Employment Law Alliance is offering a free webinar on “Prevention and Redressal of Sexual Harassment at Work – Employer Obligations in India.” The webinar will be offered on November 12th and 14th, with the same content each time.
Workplace sexual harassment is an important topic for companies doing business in India. In December 2013, the Indian legislature passed a law on the prevention of sexual harassment of women at the workplace. This law introduced various new obligations and penalties (including the potential loss of license to operate in India) for companies in the country.
It is essential for companies to understand the nuances of this law and suitably modify their HR practices to ensure compliance. Read more »
November 12th, 2014 david
Global Business Reports has produced a comprehensive report on Indonesia’s mining industry for the Energy & Mining Journal. The report, titled “Indonesian Mining Industry in Transition: Navigating the World’s Last Great Mining Frontier,” looks at developments in the sector and the prospects for future investment.
The report notes that Indonesia is among the world’s largest exporters of nickel, thermal coal and refined tin, but that regulatory uncertainty continues to be an issue for investors.
GBR interviewed industry experts in researching the report. Among those contacted was SSEK’s Michael S. Carl, who looked at the direction of investment in the mining sector and the role of foreign players. Read more »
November 6th, 2014 david
By Andini H. Dewi
Bank Indonesia (“BI”) recently issued several regulations related to foreign exchange transactions by Indonesian banks, which update existing regulations issued by BI. Below is a brief summary of the new regulations: Read more »
October 30th, 2014 david
SSEK Legal Consultants was honored three times at the inaugural ALB Indonesia Law Awards, underscoring the depth and quality of the firm.
SSEK was recognized as the Construction Law Firm of the Year and the Employment Law Firm of the Year. SSEK also won Real Estate Deal of the Year.
Rusmaini Lenggogeni, SSEK’s managing partner, said the awards were special because they were recognition of the work done by SSEK and the firm’s strong relationship with its clients. “I want to thank all of our clients for placing their trust in SSEK and giving us the opportunity to do award-winning work.” Read more »
October 28th, 2014 david
By Dyah Soewito and Denny Rahmansyah
Indonesia’s Agrarian Law provides that foreigners can only acquire right to use (hak pakai) title for land if they reside in Indonesia. If foreign investors wish to engage in business in Indonesia, they must establish a foreign capital investment (PMA) company.
A PMA company is able to acquire a right to build (HGB) or a hak pakai title. The HGB or hak pakai title may also be placed over the seller’s pre-existing right of ownership (hak milik) or right to manage (hak pengelolaan) titles. Under the applicable regulation, individual foreigners are allowed to own residential property under the hak pakai title. Specifically, foreigners who provide benefits to national development, reside permanently or temporarily in Indonesia, and have proper immigration documents can purchase the following: Read more »
October 27th, 2014 david
SSEK Legal Consultants has again been recognized as one of Indonesia’s leading mergers and acquisitions firms by Asian Legal Business (ALB).
ALB noted that Southeast Asia had seen an increase in M&A activity over the last several years, including a “visible surge in the first half of 2014″. It said M&A activity in the region was likely to continue its growth, driven by the “encouraging growth rates, attractive manufacturing costs and burgeoning middle class of several jurisdictions”.
ALB flagged the upcoming integration of the 10 members of the Association of Southeast Asian Nations into the ASEAN Economic Community (AEC), which is expected to happen by the end of 2015. It said the AEC would create a “trading bloc of more than 600 million people with a GDP exceeding $5.6 trillion, which would make it the seventh-largest economy in the world”.
The ALB rankings of top M&A firms were based on the volume, complexity and size of work, a firm’s visibility and profile in the marketplace, presence across Asia and in individual jurisdictions, and key clients and new client wins. Read more »
October 23rd, 2014 david
SSEK founding partners Dyah Soewito and Ira A. Eddymurthy are finalists for the Euromoney Legal Media Group Asia Women in Business Law Awards.
Ms. Soewito is a finalist in the category Best in Shipping and Ms. Eddymurthy is a finalist for Best in M&A and Private Equity.
The Asia Women in Business Law Awards recognize Asia’s leading women in the legal profession. Winners will be announced November 13 during a ceremony in Hong Kong.
October 22nd, 2014 kezia
Please find attached the latest Legal Alert for August 2014.
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 August 2014
October 22nd, 2014 david
By Bambang Dhanisworo and Dewi Mayangsari
Indonesia is one of the world’s most volcanically active countries and among the countries with the greatest geothermal energy potential. Dwindling production of traditional energy sources such as oil and gas has the Government of Indonesia (“GOI”) seeking alternatives to maximize national energy production. That includes developing geothermal energy, which is expected to play a larger role in Indonesia’s energy production going forward.
To this end, the GOI has introduced provisions to better manage geothermal energy, through a new law approved by the House of Representatives (“DPR“) in August 2014, Law No. 21 of 2014 (“New Geothermal Law”).
The New Geothermal Law was proposed by President Susilo Bambang Yudhoyono in August 2013. It contains new provisions that are more industry-friendly compared to the previous law on geothermal energy, Law No. 27 of 2003 (“Law 27/2003″). The highlights of the New Geothermal Law are as follows: Read more »
October 21st, 2014 david
Indonesia is becoming one of the most dynamic e-commerce markets in the world. With a population of 250 million, a growing middle class and more than 82 million internet users, Indonesia is attracting the interest of more investors, both foreign and domestic.
SSEK’s Dewi Mayangsari and Saprita Tahir have produced a legal guide to the e-commerce business in Indonesia. This guide covers everything from setting up a website and internet advertisements to e-payments and data privacy rules.
Click here to see the full guide.