Archive for the ‘Legal Updates’ Category

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 [...]

Abstract Technology Network Background

A Guide to Retirement Plans & Schemes

SSEK Legal Consultants has contributed the Indonesia chapter to a new Asia Regional Guide to Retirement Plans & Schemes. The guide provides a brief overview of the laws relating to the regulation of retirement plans and schemes in 16 countries. Each chapter summarizes the country’s social security system and employer-sponsored broad-based plans/schemes. Key areas covered [...]

IEA MYE

SSEK Looks at Insurance and Reinsurance in Indonesia

SSEK founding partner Ira A. Eddymurthy and associate lawyer Maria Yudhitama have contributed the Indonesia chapter of the Insurance and Reinsurance Global Guide 2017/18. The guide is published by Thomson Reuters Practical Law. Ira and Maria provide a high-level overview of the trends and regulatory framework in the Indonesian insurance and reinsurance market. They look [...]

Businessmen

Joint Ventures in Indonesia

By Ira A. Eddymurthy and Nico Mooduto There are various laws and regulations that govern the terms that can be included in joint venture (JV) agreements in Indonesia, including Law No. 40 of 2007 regarding Limited Liability Company (the “Company Law”) and the Indonesian Civil Code. There are additional regulations for JVs operating in certain [...]

Data Management

Data Protection in Indonesia: Breaches and Marketing

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Data Breaches A data breach involving a financial institution in Indonesia does not trigger an immediate reporting requirement to the relevant authority. Instead, periodical reports on consumer complaints and further services and settlements provided to such consumers must be made to the Financial Services Authority (“OJK”) or [...]

Lesser Sunda Islands (courtesy of NASA)

Procedures for Land Freezes and Land Seizures in Indonesia

By Winnie Y. Rolindrawan and Sabrina W. Kusumoprojo Indonesia’s National Land Agency has issued guidelines for land freezes and land seizures and how individuals and companies can initiate such actions. Head of National Land Agency Regulation No. 13 of 2017 regarding Procedures for Land Freeze and Land Seizure (“Reg. 13/2017″) is intended to cover all [...]

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Bank Secrecy and Data Protection in Indonesia

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Banks in Indonesia are subject to bank secrecy/confidentiality obligations grounded in Law No. 7 of 1992 regarding Banking, as lastly amended by Law No. 10 of 1998 (the “Banking Law”). Under the Banking Law, banks and their affiliates are required to keep confidential information regarding its depositing [...]

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Data Protection in the Indonesian Financial Services Sector

By Winnie Y. Rolindrawan and Meta N. Mustikaningrum The Indonesian Minister of Communication and Informatics (“MOCI”) issued Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems (“MOCI Reg. 20″) to regulate the protection of personal data by electronic system providers in Indonesia. This regulation strengthens existing data protection obligations (e.g., [...]