Archive for June, 2017

Legal Alert

Legal Alert May 2017

Please find the SSEK Legal Alert for May 2017. 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 May 2017

Michael Carl

Bauxite Mining and Alumina Refinery Investment Environment in Indonesia

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was invited to give a presentation at the 3rd Global Bauxite Conference 2017 on the Bauxite Mining and Alumina Refinery Investment Environment in Indonesia. The conference was held June 14-15 in Jakarta. You can find his presentation materials here. Michael Carl is the [...]

Jakarta

Insurance Companies in Indonesia Must Appoint Controller

By Ira A. Eddymurthy and Maria Yudhitama Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued a regulation that requires insurance companies in Indonesia to appoint a controller by June 2017 at the latest. OJK Regulation No. 67/POJK.05/2016 regarding Business Licensing and the Organization of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and [...]

Jakarta

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

By Ira A. Eddymurthy and Maria Yudhitama The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of insurance companies. Breaking from previous policy, the Insurance Law specifically mandates that the local shareholders in an insurance company must be ultimately owned by Indonesian individuals. After the [...]