Posts Tagged ‘Corporate’

DSR GRA

SSEK Assists on US$28m Tech Startup Funding

SSEK Indonesian Legal Consultants has assisted DLA Piper Singapore in a US$28 million Series C funding for C88 Financial Technologies led by Experian, a global information services company based in Dublin, Ireland. According to media reports, this was one of the largest Series C funding rounds in Southeast Asia. C88, a Singapore startup that builds [...]

Labor & Employment

New Indonesian Manpower Regulation Changes Rules for Foreign Workers

By Joseph Hendrik The Indonesian Ministry of Manpower (“MOM”) has issued MOM Regulation Number 10 of 2018 on Procedures for the Utilization of Foreign Workers (“MOMR 10/2018″), which implements Government Regulation Number 20 of 2018 on the Utilization of Foreign Workers. MOMR 10/2018 revokes MOM Regulation Number 16 of 2015 and MOM Regulation Number 35 [...]

Partners&Advisors-n

SSEK Lawyers Recognized in 2018 Asialaw Leading Lawyers

Nine partners and foreign legal advisors at SSEK Legal Consultants have been recognized in the 2018 edition of Asialaw Leading Lawyers, the guide to the leading lawyers in Asia-Pacific. The nine were recognized as leading lawyers in Indonesia across a total of six practice areas. SSEK is a full-service corporate and commercial law firm based [...]

IEA RNW

SSEK Contributes Chapter on Establishing a Business in Indonesia

SSEK senior partner Ira A. Eddymurthy and Revaldi N Wirabuana, an associate at the firm, have contributed the Indonesia chapter to Practical Law’s global guide to establishing a business worldwide. Establishing a Business in Indonesia provides an overview of the key issues in establishing a business in Indonesia, including an introduction to the legal system; [...]

Businessmen

Facilitating Payments in Indonesia

By Denny Rahmansyah and Nico Mooduto We understand that the Foreign Corrupt Practices Act (the “FCPA”) permits facilitating payments to be made to foreign officials for routine governmental actions to expedite the performance of their duties. Such payments are generally considered as not being intended to influence the outcome of the official’s action or decision, [...]

IEA DSR

SSEK Indonesian Legal Consultants Assists Pertamina on Major Transaction

SSEK has assisted the Indonesian state-owned oil and natural gas corporation, Pertamina, in the transfer of 51% of Pertamina’s shares in its direct subsidiary Pertagas to another Pertamina subsidiary, PT Perusahaan Gas Negara (PGN), in a transaction valued at US$1.2 billion, as has been reported. With the transfer, PGN will become a subholding company under [...]

IEA-TAA

Shareholder Activism in Indonesia

By Ira A Eddymurthy and Tengku Almira Adlinisa While there is no specific definition of shareholder activism in Indonesia, and Indonesia does not recognize shareholder activism, the Indonesian Company Law (Law No. 40 of 2007 regarding Limited Liability Companies) gives certain rights to each shareholder and minority shareholder that allow them to influence the company’s [...]

SSEK Deal News

Indonesia Looks to Simplify Business Licensing With OSS System

By Raoul Aldy Muskitta As part of the push by the administration of President Joko Widodo to improve the ease of doing business in Indonesia and increase investment, the government has issued Government Regulation Number 24 of 2018 regarding Online Business Licensing Services (GR 24), which was signed and came into effect on June 21, [...]

DR & SPT

SSEK Leads Legal Training on Data Protection

SSEK’s managing partner, Denny Rahmansyah, assisted by Saprita Tahir, an associate of the firm, led a legal training session on data protection for the board of PT Indocement Tunggal Prakarsa Tbk, one of the largest cement producers in Indonesia. The training included Indonesian regulations on handling and transferring personal data, including the personal data of [...]

Map of Indonesia

Belt and Road: Indonesia

By Michael S. Carl and Charvia Tjhai Indonesia has the largest economy in Southeast Asia, predicted to be the fifth-largest economy in the world by 2030, and is the fourth-most populous country in the world, with a young, energetic workforce and a large and growing middle class. Indonesia has made deregulating its economy a focus [...]