Ira A. Eddymurthy, a founding partner of SSEK Legal Consultants, was a speaker at the recent "Doing Business Across Asia: Legal Convergence in an Asian Century" conference organized by the Singapore Academy of Law on January 21 and 22.
The conference was attended by policy makers, regulators, members of the judiciary, and top leaders from the business and legal communities from the Asia Pacific, the United States and the United Kingdom. Speakers explored the challenges and opportunities of the legal convergence in Asia, and discussed cross-border trade practices and regulatory mechanisms.
Ira was part of a panel on the cross-border enforcement of commercial contracts. She examined the challenges faced by Indonesia, its decision not to accept the Hague Convention on Choice of Court Agreements, and the country's ratification of the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, allowing foreign arbitration awards to be enforced in Indonesia if certain requirements are met as stipulated in Law No. 30 of 1999 regarding Arbitration and Alternative Dispute Resolution.
According to Ira, the implementation of this law is improving but challenges remain in recognizing foreign arbitral awards in Indonesia.
The two-day conference at Raffles City Convention Centre also saw the launch of the Asian Business Law Institute (ABLI). ABLI aims to initiate, conduct and facilitate research and produce authoritative texts to promote the convergence of Asian business laws in order to lift cross-border trade.
Ira is recognized by leading independent legal publications including Chambers & Partners, IFLR1000, The Legal 500 and Asialaw as one of the top practitioners in Indonesia in the areas of banking and finance, capital markets, corporate law and mergers and acquisitions.
SSEK Legal Consultants is a leading full-service corporate and commercial law firm based in Jakarta, Indonesia. Since its founding in Jakarta in 1992, SSEK has grown to one of the largest and most highly regarded corporate law firms in Indonesia. SSEK is recognized by independent legal directories including Chambers & Partners, The Legal 500 and Asia Law as a leading law firm in Indonesia across all major practice areas including banking and finance, capital markets, corporate law and mergers and acquisitions, construction and real estates, energy and natural resources, IT and telecommunications, labor and employment, project finance, restructuring and insolvency, and shipping. SSEK has been named the Indonesian Law Firm of the Year on multiple occasions.