SSEK has been recognized as a leading law firm in Indonesia in the 2020 Chambers & Partners Global directory of leading law firms and lawyers. SSEK was ranked as a leading law firm in Indonesia for Corporate/M&A and Projects & Energy. In addition to the firm rankings, SSEK senior partner Ira A. Eddymurthy and foreign … SSEK Named Leading Law Firm in Indonesia for M&A, Projects & Energy
Five SSEK lawyers have been recognized as Leading Lawyers across seven practice areas in The Legal 500 Asia Pacific 2020 guide to outstanding lawyers and law firms in the region. SSEK’s Leading Lawyers in The Legal 500 Asia Pacific 2020 are: Dyah Soewito – Projects and Energy; Shipping Ira A. Eddymurthy -Banking and Finance; … SSEK Lawyers Highly Ranked for Indonesia in New Legal 500 Directory
Restrictions on foreign shareholders in Indonesia are set out in the Negative Investment List (DNI), as contained in Presidential Regulation (PR) 44/2016. PR 44/2016 lists areas in which investment by both Indonesians and foreign nationals is prohibited or restricted. In addition to PR 44/2016, the laws and regulations governing certain lines of business must be … Establishing a Business in Indonesia – Foreign Investment Restrictions
There are no specific requirements or procedures for due diligence before acquiring a company. However, it is common and best practice for a bidder to perform due diligence on the target company before proceeding with an acquisition. In practice, the due diligence will cover the following: corporate organization and general information; compliance with general … Corporate M&A in Indonesia – Scope of Due Diligence
In Indonesia, protections for shareholders and/or minority shareholders under the Indonesian Company Law are as follows: A shareholder can file a claim at the district court against the company if they suffer unfair and unreasonable losses as a consequence of resolutions of the general meeting of shareholders (GMS), board of directors (BOD), or board … Establishing a Business in Indonesia – Shareholders and Voting Rights
SSEK recently led separate training sessions for new legal officers at PT Pertamina, the Indonesian state-owned oil and natural gas corporation. SSEK partner Dewi Savitri Reni (Vitri) and Indrawan Dwi Yuriutomo, as associate at the firm, led a session on joint venture agreements and M&A transactions. Vitri led a second session on liquidation, bankruptcy and … SSEK Leads Training Sessions for Pertamina
The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR“) has been considering revisions to the country’s Criminal Code. Some of the proposed changes could have a significant impact on companies in Indonesia. One of the biggest changes in the draft Criminal Code (Rancangan Kitab Undang-Undang Hukum Pidana or “RKUHP“) would be to recognize corporations … Draft of New Indonesian Criminal Code and the Potential Impact on Corporations
SSEK lawyers were endorsed as leading lawyers for Indonesia in the 2020 IFLR1000 guide to the leading financial and corporate law firms and lawyers. The SSEK partners and advisors recognized by IFLR1000 are: Dyah Soewito Ira A. Eddymurthy Fitriana Mahiddin Michael D. Twomey Jonathan M. Streifer Michael S. Carl In addition to the individual … SSEK Partners, Advisors Named Leading Lawyers for Indonesia
SSEK partner Dewi Savitri Reni (Vitri) discussed the Indonesian legal landscape at an event in Malaysia for companies that want to enter the Indonesian market. The event was organized by the Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF). Vitri gave a presentation on “Deciphering Indonesia’s Legal Landscape.”
The formation process of a limited liability company (PT) in Indonesia is as follows: Reserving the name of the PT with the Ministry of Law and Human Rights (MOLHR). This is usually handled by a notary. The name of the PT must be in Indonesian. Other statutory requirements are set out in Government Regulation No. … Establishing a Business in Indonesia – Forming a Private Company
