Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law revises various provisions in laws across numerous sectors, including Law No. … Indonesia Omnibus Law – Changes to the Company Law
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
A bid is made public in the case of either a mandatory tender offer (MTO), which follows a change of control, or a voluntary tender offer (VTO). Before the offeror can proceed with either, he or she must announce their intention to the public. The announcement must be reviewed by the Indonesian Financial Services Authority … Corporate M&A in Indonesia – Disclosure
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, introduces … Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements
Limited liability companies (PTs) in Indonesia are governed by Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies (Company Law). Other applicable laws and regulations include: Law No. 3 of 1982 dated 1 February 1982 regarding Mandatory Company Registry. Law No. 25 of 2007 dated 26 April 2007 regarding Capital … Establishing a Business in Indonesia – Forming a Private Company
SSEK partner Stephen Igor Warokka has been named to Asian Legal Business (ALB) 40 Under 40, a list of Asia’s best young lawyers. Stephen was one of just three lawyers from Indonesia selected for inclusion. Stephen, who has more than a decade of legal experience, specializes in M&A, shipping, labor law, expatriate work permits, immigration, … SSEK Partner Stephen Igor Warokka Named One of Asia’s Best Young Lawyers
SSEK lawyers were endorsed as leading practitioners for Indonesia in the 2021 IFLR1000 guide to the leading financial and corporate law firms and lawyers. The SSEK partners and advisors recognized by IFLR1000 are: Dyah Soewito – Highly Regarded Ira A. Eddymurthy – Highly Regarded Fitriana Mahiddin – Highly Regarded Denny Rahmansyah – Notable Practitioner … SSEK Partners, Advisors Recognized in IFLR1000 as Leading Lawyers for Indonesia
An overseas company can trade directly in Indonesia through appointing an Indonesian agent, distributor, or franchisee. To do so, an overseas company must enter into a distribution, agency or franchise agreement with an existing Indonesian company. With this structure, the overseas company does not need to establish a limited liability company with foreign ownership (PT … Establishing a Business in Indonesia – Establishing a Presence from Abroad
SSEK lawyers have been recognized in the asialaw Leading Lawyers 2021 guide to outstanding practitioners in the region. SSEK’s asialaw Leading Lawyers 2021 are: Dyah Soewito – Distinguished practitioner, Corporate and M&A Ira A. Eddymurthy – Elite practitioner, Corporate and M&A Denny Rahmansyah – Distinguished practitioner, Corporate and M&A Michael D. Twomey – Distinguished … SSEK Lawyers Highly Ranked for Indonesia in asialaw Leading Lawyers 2021
