Banking & Finance Archives - Page 6 of 6

SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

foxdev | January 25, 2019

SSEK has acted as Indonesian counsel to KEB Hana Bank Korea, South Korea’s largest bank by assets, and the largest foreign exchange bank in South Korea, in connection with the acquisition by LINE Corporation, through its subsidiary LINE Financial Asia, of a 20 percent stake in PT Bank KEB Hana Indonesia through a Share Subscription … SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

SSEK Associate Features at ICC Indonesia Workshop on Bank Guarantees

foxdev | September 21, 2018

SSEK spoke at a recent International Chamber of Commerce (ICC) Indonesia workshop on bank guarantees. The event took place September 13 in Jakarta. Leading the workshop was Dr. Andrea Hauptmann, Senior Director, Head of Guarantees Department at Raiffeisen Bank International. The workshop introduced participants to key terminology related to bank guarantees, looked at the life … SSEK Associate Features at ICC Indonesia Workshop on Bank Guarantees

SSEK Assists on US$28m Tech Startup Funding

foxdev | August 8, 2018

SSEK has assisted DLA Piper Singapore in a US$28 million Series C funding for C88 Financial Technologies led by Experian, a global information services company based in Dublin, Ireland. According to media reports, this was one of the largest Series C funding rounds in Southeast Asia. C88, a Singapore startup that builds financial technology infrastructure, … SSEK Assists on US$28m Tech Startup Funding

Indonesia: What Licenses Can Still Be Processed at BKPM Post-OSS?

foxdev | July 12, 2018

With the introduction of the Online Single Submission (OSS) system, as regulated under Government Regulation Number 24 of 2018 on Integrated Business Licensing Services through Electronic System (GR 24/2018), the issuance and supervision of a significant portion of capital investment licensing has been transferred from the Capital Investment Coordinating Board (BKPM) and several other government … Indonesia: What Licenses Can Still Be Processed at BKPM Post-OSS?

Bank Indonesia Sets New Limits for the Provision of E-Money

foxdev | May 9, 2018

Bank Indonesia (“BI”) has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. The new regulation, BI Regulation No. 20/6/PBI/2018 regarding Electronic Money (“BI Reg 20”), revokes all existing BI e-money regulations. E-Money Classification BI Reg 20 opens with an explicit classification of e-money based on … Bank Indonesia Sets New Limits for the Provision of E-Money