Posts Tagged ‘Banking’

Legal Alert March 2012

Please find attached the latest Legal Alert for March 2012. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_March_2012

Legal Alert January 2012

Please find attached the latest Legal Alert for January 2012. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_January_2012

2011 Indonesian Law Review: Insurance & Bancassurance

Written by Tengku Almira Adlinisa In line with Indonesia’s recent rapid economic growth, Indonesia has also become a more attractive market to insurance companies.    A growing middle class with increasing purchasing power has further increased the competition between insurance companies to attract new customers.  One of the key marketing methods for insurance products is by [...]

Legal Alert December 2011

Please find attached the latest Legal Alert for December 2011. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_December_2011

Legal Alert November 2011

Please find attached the latest Legal Alert for November 2011. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_November_2011

New Financial Authority Proposed (OJK)

Written by Ira Eddymurthy & Maria Yudhitama On October 27, 2011, Parliament signed the Law regarding the Financial Service Authority (Undang-Undang tentang Otoritas Jasa Keuangan) (“OJK Law”).  We expect the President of the Republic Indonesia will sign the bill within 30 days after being signed by Parliament. The OJK Law makes provisions for the creation [...]

Legal Alert October 2011

Please find attached the latest Legal Alert for October 2011. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_October_2011

Bank Ownership: From 99% to less than 50%

Written by Bezaliel B. Erlan. Bankers and investors in Indonesia are now restless in the face of growing uncertainty in terms of investment in Indonesian banks and proposed possible limits on shareholding. This is due to Bank Indonesia’s (the Indonesian Central Bank or BI)  draft regulation on bank ownership, which is still only on a [...]

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Currency Law: Indonesian Govt Attempts to Bolster Local Currency

Written by Ira Eddymurthy and P Patricia Adams To build international and national confidence in the Rupiah, Indonesia implemented Law No. 7 of 2011 on Currency on May 31, 2011. It will ensure the dominance of the Rupiah by requiring that all payments be made in that currency. The most important section of the currency [...]

Legal Alert September 2011

Please find attached the latest Legal Alert for September 2011. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert_September_2011