With the advent of President Joko Widodo’s policies, the corporate landscape in Indonesia is changing at a far quicker pace than in the last two decades. Following the tax amnesty exercise, the President signed a decree on the beneficial ownership of corporations, a new law which is now in force.
SSEK managing partner Denny Rahmansyah and Mahareksha Singh Dillon, an associate at the firm, will lead a session at a workshop on anti-corruption laws and regulations in Indonesia and corporate compliance and liability. The workshop will be held Tuesday, December 4, from 8 a.m. to 4 p.m., in Jakarta.
The Indonesian government announced that it has launched the 16th Economic Policy Package. There are three key points to this latest economic package: (i) the revision of the DNI, (ii) the expansion of tax holidays, and (iii) the development of tax incentives for the mandatory saving of export earnings in Indonesian bank accounts.
SSEK partner Dewi Savitri Reni will speak at the International Court of Arbitration 1st ICC Indonesia Arbitration Day, being held in Jakarta on Friday, November 23. Vitri is a panelist for the session on “Best Practices in International Arbitration – Drafting an Arbitration Agreement, Constitution of the Arbitral Tribunal, Techniques to Save Time and Cost, Document Production, Use of Experts.”
SSEK managing partner Denny Rahmansyah recently did a Q&A with Asia Law Portal on opportunities and challenges for foreign investors in Indonesia. Denny discussed legal considerations for foreign investors entering Indonesia, capital requirements and the Indonesian real estate sector, among other topics.
The Indonesian Minister of Energy and Mineral Resources has issued Regulation No. 42 of 2018 regarding the Prioritization of the Use of Crude Oil for the Fulfilment of Domestic Demand. This regulation was issued in response to the order by Indonesian President Joko Widodo to implement the program to stabilize the foreign exchange rate in the energy and mineral resources sector.
SSEK recently held an Indonesian employment law seminar on “Handling the Termination Process.” Topics included strategies and tips for managing the termination process, different types of labor disputes, and navigating the Indonesian labor court.
SSEK partner Rusmaini Lenggogeni was a panelist at a recent event in Rome on “Globalization Redefined.” Rusmaini's session examined the phenomenon of capital flows in traditional “Western markets” increasingly originating in emerging markets, and asked where the next mega-conglomerate will originate and what will it look like.