Archive for December, 2017

Legal Alert

Legal Alert December 2017

Please find the SSEK Legal Alert for December 2017. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia.

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SSEK Named Asian-MENA Counsel In-House Community Firm of the Year for Indonesia

SSEK Legal Consultants has been recognized as an Indonesian Law Firm of the Year in multiple practice areas in Asian-MENA Counsel’s 11th annual survey of in-house counsel in Asia and the Middle East. SSEK was recognized as a 2017 Firm of the Year for Energy & Natural Resources, and Real Estate/Construction. The firm received honorable [...]

Abstract Technology Network Background

Indonesian Central Bank Regulates Financial Technology

By Harry Kuswara Indonesia’s central bank has for the first time issued a regulation designed to deal with financial technology (“fintech”) in general. Bank Indonesia (“BI”) Regulation Number 19/12/PBI/2017 regarding the Provision of Financial Technology, dated November 30, 2017 (“Reg. 19/2017″), was made public by BI on December 7.  The stated aim of Reg. 19/2017 [...]

IEA NAM

Joint Ventures With Foreign Members in Indonesia

By Ira A. Eddymurthy and Nico Mooduto Joint ventures with foreign parties are allowed in Indonesia. The rules relating to the validity and authorization of JVs with foreign parties are mainly set out in Law No. 25 of 2007 regarding Capital Investment (the “Investment Law”). Additionally, specific regulations issued by the Indonesian Investment Coordinating Board [...]

IEA MYE

Insurance and Reinsurance Contracts in Indonesia

By Ira A. Eddymurthy and Maria Yudhitama Under the Indonesian Commercial Code, insurance is an agreement between the insurer (insurance company) and the insured party under which the insurer agrees to compensate the insured party for losses, damages or loss of revenues on the occurrence of uncertain events, in return for receiving premiums from the [...]

Labor & Employment

Update on Employment Law in Indonesia and Asia

SSEK Legal Consultants has contributed the Indonesia chapter to the new Asia Employment Law, a quarterly review of employment law developments across 14 jurisdictions in Asia. The review is designed to help legal and human resources advisers stay up to date on employment-related legal developments in Indonesia and around Asia. For the Indonesia chapter of [...]

Data Management

Data Protection in Indonesia

By Denny Rahmansyah and Saprita Tahir Article 28(G) of the 1945 Constitution is considered as the basis for more specific data privacy legislation in Indonesia. Article 28(G) provides that every person has the right to: (i) Protection of their personal selves, families, respect, dignity and possessions under their control; and (ii) Security and protection from [...]