The Future of Work in the Asia-Pacific

The Future of Work in the Asia-Pacific

SSEK Legal Consultants has contributed the Indonesia chapter to “The Future of Work in the Asia-Pacific,” a new report from the Employment Law Alliance.

In the report, ELA member firms in 15 countries in the Asia-Pacific examine issues related to the future of work, including the effects of automation, artificial intelligence and the gig economy on businesses and workers.

You can find the report here.

SSEK’s labor and employment practice, led by Fahrul S. Yusuf, is recognized by leading independent legal publications including Chambers & Partners, The Legal 500 and Asialaw as one of the best in Indonesia. Read more »

SSEK Named Labor and Employment Law Firm of Year at ALB Indonesia Law Awards

Labor & Employment

SSEK Legal Consultants was named Labor and Employment Law Firm of the Year at the 2017 ALB Indonesia Law Awards.

The awards, hosted last week in Jakarta by Asian Legal Business, recognized the excellence and outstanding achievements of Indonesia’s leading law firms, in-house legal teams, top deals and dealmakers. Winners were selected on the basis of intensive independent research.

SSEK is a premier labor and employment law firm that is rated by legal publications as a top-tier Indonesian law firm that has “always been great at providing high-level advice” (Chambers Asia). Read more »

SSEK Adviser to Feature at IBA Investing in Asia Conference

Michael Carl

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, will be a featured speaker at the upcoming International Bar Association conference on Investing in Asia.

The conference will be held December 7-8 in New York City. It is co-presented by the IBA’s Asia Pacific Regional Forum and North American Regional Forum, and supported by the IBA Arbitration Committee, the IBA Corporate and M&A Law Committee, the IBA Corporate Counsel Forum, the IBA Intellectual Property and Entertainment Law Committee, and the IBA International Trade and Customs Law Committee.

Michael will be a panelist during a session on the conference’s opening day titled, “East Meets West Meets South: Legal and Cultural Challenges in Doing M&A in Asia.”

Among the topics to be discussed by the panel are regional differences in legal systems and the general corporate cultures related to M&A.

Michael is well positioned to offer insights into the legal and cultural challenges of M&A transactions in Southeast Asia, Indonesia in particular. Michel joined SSEK in 2004 and has nearly 20 years of experience practicing law in Southeast Asia. Before joining SSEK, he was associated with the international law firm Baker & McKenzie in its Singapore and Bangkok offices. Read more »

Bank Secrecy and Data Protection in Indonesia

Data-Management-243x300

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 customers as well as any sum deposited by such customers. This confidentiality obligation does not cover information provided by non-depositing customers.

This is further strengthened by BI Regulation No. 7/6/PBI/2005 regarding Transparency of Information of Bank Products and the Use of Customer Personal Data (“BI Reg. 7/2005″). Under this BI regulation, banks are obligated to ask for written approval from customers before the banks can provide and/or disseminate their customers’ personal data to other parties for commercial purposes, unless stipulated otherwise under the applicable laws and regulations. The personal data of customers thus protected is (i) name of customer; (ii) address; (iii) date of birth and/or age; (iv) phone number; (v) name of the customer’s mother; and (vi) other information constituting personal identity and usually provided by customers to banks in utilizing bank products.

Customer approval of a request to provide or disseminate the customer’s personal data to another party must be signed by such customer on a special form made for such purpose. The execution of such consents in an electronic format should be valid under Law No. 11 of 2008 regarding Electronic Information and Transactions, as lastly amended by Law No. 19/2016 (the “ITE Law”). Read more »

Legal Alert September 2017

Legal Alert

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

Data Protection in the Indonesian Financial Services Sector

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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., data on-shoring for electronic system providers for public purposes, consent of personal data owners), and makes a point to clarify previously grey or unregulated areas (e.g., cross-border transfer requirements, data storing requirements).

General personal data protection regulations in Indonesia and regulations relevant to financial data management in the country overlap somewhat, in that several requirements elaborated in the general data protection regulations are highlighted in the financial data management regulations (e.g., data on-shoring). Despite there being several specific regulations for different types of financial institutions, these regulations do not contain more onerous requirements for financial data management than those already established in the general personal data protection regulations.

Managing Personal and Financial Data Read more »

SSEK a Finalist in 12 Categories at ALB Indonesia Law Awards

ALB Indonesia Law Awards 2017

Underlining the strength and depth of SSEK Legal Consultants, the firm and its lawyers are finalists in 12 categories at the upcoming ALB Indonesia Law Awards.

SSEK is a finalist in the following categories:

  1. Banking and Financial Services Law Firm of the Year
  2. Labor and Employment Law Firm of the Year
  3. Maritime Law Firm of the Year
  4. Projects, Energy and Infrastructure Law Firm of the Year
  5. Real Estate Law Firm of the Year
  6. Technology, Media and Telecommunications Law Firm of the Year
  7. Indonesia Deal Firm of the Year
  8. M&A Deal of the Year (Didi’s Investment in Grab)
  9. Project Finance Deal of the Year (Well Harvest Alumina Refinery Project)
  10. Woman Lawyer of the Year (Ira A. Eddymurthy)
  11. Young Lawyer of the Year (Syahdan Z. Aziz)
  12. Dealmaker of the Year (Michael S. Carl) Read more »

SSEK Recognized as Leading Firm in Indonesia in 2018 IFLR1000 Financial and Corporate Law Rankings

IFLR Top Tier Firm 2018

SSEK Legal Consultants has been recognized as one of Indonesia’s leading law firms across multiple practice areas in IFLR1000′s 2018 rankings of the world’s leading financial and corporate law firms and lawyers.

SSEK received the highest ranking for its M&A and Restructuring & Insolvency practices.

SSEK was also recognized as one of Indonesia’s top law firms for Banking, Capital Markets, Project Development and Project Finance. Read more »

SSEK Lawyers Discuss Private Placements in Indonesia at AIMA Conference

Michael Carl and Bezaliel Erlan

Michael S. Carl, an international legal adviser at SSEK Legal Consultants, and Bezaliel B. Erlan, a senior associate at the firm, were featured speakers at the recent AIMA Asia Navigating Private Placement Conferences in Hong Kong and Singapore.

The Alternative Investment Management Association held the conference on October 17 in Hong Kong and October 19 in Singapore. The full-day event focused on marketing and private placement requirements in key fundraising jurisdictions globally.

Michael and Bezaliel updated conference attendees on the requirements applicable to private placements and other types of fundraising in Indonesia.

You can find their presentation here. Read more »

SSEK Legal Consultants Named Leading M&A Firm for Indonesia

ALB M&A Rankings 2017

SSEK Legal Consultants has been recognized as a Tier 1 M&A law firm in the 2017 M&A Rankings from Asian Legal Business (ALB). SSEK was one of only five firms to receive the Tier 1 ranking.

ALB reports that M&A activities in Indonesia doubled in the first quarter of 2017 from the same period last year. The country recorded 81 M&A deals in the first six months of the year, with a total value of approximately $4 billion, an increase from 71 M&A deals worth $1.9 billion in the first half of 2016.

SSEK has 25 years of experience working with and advising multinationals and major domestic firms on the largest and most complex transactions in Indonesia. This latest recognition from Asian Legal Business underlines SSEK’s standing as one of the leading deal firms in Indonesia.

SSEK is also recognized as a leading M&A firm in Indonesia by Chambers Asia-Pacific, IFLR1000, Legal 500 and Asialaw. Read more »