Bank Indonesia has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. The new regulation revokes all existing BI e-money regulations.
SSEK's Fahrul S. Yusuf and Saprita Tahir were quoted extensively in a Bloomberg BNA article on data privacy in Indonesia in the wake of the Facebook data privacy scandal, which may have affected more than one million Indonesians.
The Indonesian government issued Law No. 33 of 2014 concerning Halal Product Assurance (the “Halal Law”) in 2014. This was seen as an important piece of legislation, considering that Indonesia is home to the world’s largest Muslim population and halal refers to what is permissible under Islamic law.
SSEK partner Fransiscus Rodyanto was quoted extensively in an article by International Financial Law Review (IFLR), a leading online and print financial law publication, on Indonesia’s new regulation on beneficial ownership.
SSEK Indonesian Legal Consultants has assisted Minor International, one of the largest hospitality and leisure companies in the Asia-Pacific region, and Anantara Vacation Club on the acquisition of a luxury resort in Bali, Indonesia’s premier tourist destination.
Denny Rahmansyah, the managing partner of SSEK, was quoted extensively in an article by MLex Market Insight on the global data privacy scandal involving Facebook and the British political consulting firm Cambridge Analytica.