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 insured party.
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 threat of fear for doing, or not doing, something which constitutes a human right.
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.
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.
SSEK founding partner Ira A. Eddymurthy and Nico Mooduto, an associate at the firm, have contributed the Indonesia chapter of the Joint Ventures Global Guide 2017/18. The guide is published by Thomson Reuters Practical Law.
Ira A. Eddymurthy, a founding partner of SSEK Indonesian Legal Consultants, has been acknowledged in the 2017 edition of Expert Guides: Women in Business Law, a guide to the leading women business lawyers in the world.