Ira A. Eddymurthy, a founding partner of SSEK Legal Consultants, has been recognized by Who's Who Legal as one of Indonesia's leading lawyers in the areas of mergers and acquisitions, banking and capital markets. Ira is lauded by clients for her sophisticated knowledge of Indonesian law and her comprehensive knowledge and understanding of the commercial aims of clients.
SSEK has advised GlaxoSmithKline on a three-part deal that sees the pharmaceutical company take full control of its Indonesian Consumer Healthcare business, while divesting a non-core brand and a manufacturing facility in the country.
SSEK has been recognized for its work on the BlueScope Steel and Nippon Steel joint venture, which was named a 2013 Deal of the Year by Asian-MENA Counsel. This US$1.36 billion deal involved a tie-up between Australia's BlueScope Steel and Japan's Nippon Steel.
SSEK celebrated World Book Day on April 23 by organizing an office book drive, with the collected books donated to worthy organizations that are helping to spread the joy of reading in Jakarta. Thanks to everyone at SSEK, we were able to collect close to 250 books.
Asian Legal Business, which is owned by Thomson Reuters and is a leading legal publication in Asia-Pacific and the Middle East, recently published a report on the outlook for Indonesia's capital markets. SSEK partner Fahrul S. Yusuf was quoted extensively in the report. Fahrul says that Indonesia requires deeper capital markets for greater stability.
SSEK's Rusmaini Lenggogeni is speaking on Wednesday, April 23, at a complimentary event for Chinese companies investing or considering an investment in Indonesia. The event, "M&A Periscope," is being organized with Deloitte Indonesia. Speakers will examine the legal and tax implications of M&A transactions in Indonesia, in addition to exploring post-merger integration issues.
SSEK Legal Consultants has been named the 2014 Indonesian Law Firm of the Year by Who's Who Legal. This is the third-straight year SSEK has received this honor and the sixth overall. We were also recognized in 2013, 2012, 2008, 2007 and 2006.
SSEK Legal Consultants acted as Indonesian counsel to Woori Bank of South Korea in its purchase of a 33 percent stake in Indonesia's Bank Himpunan Saudara 1906 for 713.1 billion Rupiah, about US$60 million. Securing approval from Indonesia's central bank, Bank Indonesia, for the purchase took about 18 months amid an evolving regulatory environment for bank acquisitions in the country.