Archive for May, 2015

Deal News

Indonesian Financial Services Authority in Review

As mandated in Law No. 21 of 2011 regarding the Financial Services Authority (“OJK Law”), supervision of Indonesia’s capital markets and non-bank financial institutions was transferred from the Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”), part of the Ministry of Finance, to the OJK as of December 31, 2012. Oversight of the banking industry [...]

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Legal Alert April 2015

Please find attached the latest Legal Alert for April 2015 The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_April 2015

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Indonesian Financial Regulation: A Year in Review

The Financial Services Authority (Otoritas Jasa Keuangan or OJK), the financial services supervisory body in Indonesia, issued more than 30 regulations in 2014 covering capital markets, banks and non-bank financial institutions. Muliaman Hadad, the chairman of the Board of Commissioners of the OJK, issued a statement that the enactment of the regulations supported the goals [...]

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Indonesian Negative Investment List vs. Cabotage Principle: ASEAN Investors Afloat in a Sea of Uncertainty in Indonesia

By Stephen Igor Warokka and Shafira Nindya Putri In furtherance of Indonesia’s commitment to welcome the implementation of the ASEAN Economic Community (“AEC”) in 2015, Presidential Regulation Number 39 Year 2014 regarding List of Business Fields Closed to Investment and Business Fields Open, with Conditions, to Investment, dated April 24, 2014 (the “2014 DNI”), continues [...]

ALB Awards

SSEK Nominated for 4 Awards at 2015 ALB SE Asia Law Awards

SSEK Indonesian Legal Consultants is shortlisted in four categories at the Asian Legal Business SE Asia Law Awards, which recognize the region’s leading law firms and the top deals of the last 12 months. SSEK is nominated for: Banking and Financial Services Law Firm of the Year Energy and Resources Law Firm of the Year [...]

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SSEK Lawyers Recognized as Leading Practitioners in Capital Markets

Ira A. Eddymurthy, a founding partner of SSEK Indonesian Legal Consultants, and Michael S. Carl, a senior foreign legal advisor at the firm, have been selected for inclusion in the 2015 edition of Who’s Who Legal: Capital Markets, an independent guide to the world’s leading capital markets lawyers. Ira is recognized as a leading Structured [...]

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Free Employment Law Webinar

The Employment Law Alliance is offering a free 90-minute webinar on Wednesday, May 20, focusing on “Employee Labor Relations in Canada: A Legal Update for Employers.” Canada has seen a number of changes recently in both federal and provincial law in the area of employee labor relations that impact all employers, including multijurisdictional Canadian employers. [...]

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Investing in Indonesia: Advertising and Marketing Sector

By Dewi Mayangsari Foreign parties that wish to invest in Indonesia directly must follow the rules for foreign direct investment in the relevant business sector. The foreign investor must first establish a limited liability company (“PMA Company”) to engage in business in Indonesia. The PMA Company will be licensed by the Indonesian Capital Investment Coordinating [...]