After months of drafting and deliberation, Indonesia's Ministry of Communication and Informatics (MOCI) in late 2016 issued a long-awaited regulation on the protection of personal data by electronic system providers in Indonesia.
Gas transportation by pipeline in Indonesia can only be carried out by a business entity established in Indonesia that has obtained a transportation license from the MEMR, unless such transportation is a continuation of the upstream activities of a Production Sharing Contract (PSC) Contractor.
SSEK founding partner Ira A. Eddymurthy has been recognized as a leading lawyer for mergers and acquisitions in the 2017 edition of Who's Who Legal: M&A and Governance. Ira leads SSEK's M&A practice and has extensive experience working with the largest companies doing business in Indonesia.
SSEK's Michael S. Carl was invited to give a presentation at the 3rd Global Bauxite Conference 2017 on the Bauxite Mining and Alumina Refinery Investment Environment in Indonesia. The conference was held June 14-15 in Jakarta.
The Indonesian Insurance Law 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.
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.