Posts Tagged ‘indonesia’

Legal Alert

Legal Alert May 2017

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

Michael Carl

Bauxite Mining and Alumina Refinery Investment Environment in Indonesia

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was invited to give a presentation at the 3rd Global Bauxite Conference 2017 held June 14-15 in Jakarta. Michael discussed the Bauxite Mining and Alumina Refinery Investment Environment in Indonesia. You can find his presentation materials here. Michael Carl is the supervising adviser [...]

Jakarta

Insurance Companies in Indonesia Must Appoint Controller

By Ira A. Eddymurthy and Maria Yudhitama Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued a regulation that requires insurance companies in Indonesia to appoint a controller by June 2017 at the latest. OJK Regulation No. 67/POJK.05/2016 regarding Business Licensing and the Organization of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and [...]

Jakarta

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

By Ira A. Eddymurthy and Maria Yudhitama The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of insurance companies. Breaking from previous policy, the Insurance Law specifically mandates that the local shareholders in an insurance company must be ultimately owned by Indonesian individuals. After the [...]

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Recent Developments in Bankruptcy Law and Suspension of Debt Payments in Indonesia

By Dewi Savitri Reni and Dimas Indartono Indonesia has had a bankruptcy law since 1905, when Staatsblad 1905 No. 217 juncto Staatsblad 1906 No. 348 Concerning Bankruptcy was enacted. In response to the 1997-98 Asian financial crisis, and the view that the 1905 bankruptcy law was out of date and irrelevant to modern commercial needs, [...]

Oil & Gas Regulation 2017

Restrictions on Contractors in the Indonesian Oil and Gas Sector

By Fitriana Mahiddin and Syahdan Z. Aziz There are a number of rules for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, including those on the export of production, currency exchange and the transfer or disposal of development rights. Subject to obtaining requisite export approvals, a Contractor is entitled to export its [...]

Labor & Employment

Salaries of Foreign Workers Seconded to Indonesia

By Wynne Prasetyo Bank Indonesia has refined its position regarding the exemption of a cross-border supply of services from the currency requirement, particularly in the case of a foreigner who is employed by a foreign company and seconded to an Indonesian company (Article 8.(1).b.1 of Bank Indonesia Regulation No. 17/3/PBI/2015 and Article C.3.b.1 of Bank [...]

Employment Law Alliance

Update on Free Employment Law Webinar on the Implications of Brexit for Businesses in UK and EU

The Employment Law Alliance is offering a free 75-minute webinar on “The Implications of Brexit: What Does It Mean for Businesses in the UK and Across the EU?” This free webinar is now scheduled for Wednesday, June 14 (the date has been changed from May 24). Webinar Description It has been nearly a year since [...]

Michael S. Carl

Michael Carl of SSEK Features at Asia Bancassurance Conference

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at the 18th Asia Conference on Bancassurance and Alternative Distribution Channels, organized by Asia Insurance Review. The conference was held May 15-16 at Hotel Mulia Senayan in Jakarta. Michael discussed foreign ownership of insurance companies in Indonesia, and looked [...]

AMC DOTY_2013

SSEK Wins Deal of Year for Alibaba Acquisition of Lazada

SSEK Indonesian Legal Consultants has been recognized in Asian-MENA Counsel’s Deals of the Year 2016 for our involvement in Alibaba’s US$1 billion purchase of a controlling stake in Southeast Asian online retailer Lazada Group. SSEK acted as Indonesian counsel to Alibaba as part of the acquisition. The SSEK team was led by founding partner Ira [...]