Expertise: Capital Markets & Securities

Indonesia: New OJK Regulation and the Impact on Employee Share Plans

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Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has enacted new rules to regulate, inter alia, share ownership plans granted by foreign listed entities to employees, directors, and commissioners of their subsidiaries (“Employee Plan”). OJK Circular Letter No. 33/SEOJK.04/2022 dated December 30, 2022, regarding Guidelines for the Implementation of Securities Offerings Classified as Non-Public … Indonesia: New OJK Regulation and the Impact on Employee Share Plans

SSEK Founding Partner Named to A-List of Leading Lawyers in Indonesia

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SSEK founding partner Ira A. Eddymurthy has again been named to Asia Business Law Journal’s A-List of Indonesia’s Top 100 Lawyers. Daniel Kim, director and project manager, global workplace solutions Asia-Pacific, at global real estate services and investment firm CBRE in Singapore, said of Ira: “Ira is a superstar lawyer who has not lost sight of client relationships and … SSEK Founding Partner Named to A-List of Leading Lawyers in Indonesia

Tech Listings in Indonesia May Benefit from OJK Rule

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Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK‚Äù) has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering (\"IPO‚Äù) in Indonesia. OJK Rule No. 22/POJK.04/2021 on the Stipulation of a Share Classification with Multiple Voting Rights by Issuers with Innovation and High Growth Rates Conducting a … Tech Listings in Indonesia May Benefit from OJK Rule

Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering

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Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has issued OJK Regulation No. 41/POJK.04/2020 regarding the Implementation of Electronic Securities Offerings in the Form of Equity Securities, Debt Securities and/or Sharia Bonds (July 2, 2020) (“Regulation“). The Regulation stipulates that offerings of equity securities, debt securities and sharia bonds be done electronically, with the … Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering

SSEK Discusses Private Placements in Indonesia at AIMA Conference

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Michael S. Carl, an international legal adviser at SSEK, was a featured speaker at the recent AIMA Asia Navigating Private Placement Conferences in Hong Kong and Singapore. The Alternative Investment Management Association held the conference on October 17 in Hong Kong and October 19 in Singapore. The full-day event focused on marketing and private placement … SSEK Discusses Private Placements in Indonesia at AIMA Conference

SSEK Partner a Featured Speaker at HKHPM Indonesia Seminar

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SSEK Legal Consultants senior partner Ira A. Eddymurthy was a featured speaker at a recent half-day seminar on Fair Business Competition in Legal Services in Indonesia, held in Jakarta by the Association of Capital Market Legal Consultants (HKHPM). Ira spoke during the seminar’s first session, along with the chairman of Indonesia’s Business Competition Supervisory Commission … SSEK Partner a Featured Speaker at HKHPM Indonesia Seminar

Indonesian Financial Services Authority Re-Regulates Rights Issues

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In late December 2015, the Indonesian Financial Services Authority (OJK) issued Regulation No. 32/POJK.04/2015 regarding Rights Issue (New Rights Issue Rule). The New Rights Issue Rule came into effect on December 22, 2015. It integrates provisions concerning rights issues and the form and content of the registration statement for a rights issue. These provisions were … Indonesian Financial Services Authority Re-Regulates Rights Issues

SSEK Lawyers Recognized as Leading Practitioners in Capital Markets

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Ira A. Eddymurthy, a founding partner of SSEK Indonesian Legal Consultants, and Michael S. Carl, a senior foreign legal advisor at the firm, have been selected for inclusion in the 2015 edition of Who’s Who Legal: Capital Markets, an independent guide to the world’s leading capital markets lawyers. Ira is recognized as a leading Structured … SSEK Lawyers Recognized as Leading Practitioners in Capital Markets

SSEK Advises on Hong Kong IPO

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SSEK, based in Jakarta, Indonesia, advised on Link Holdings Limited’s recent IPO and listing on the Hong Kong Stock Exchange by way of placement. Link Holdings, a hotel operator, has a subsidiary with assets in Indonesia. SSEK advised the sole sponsor and underwriters of the IPO on all aspects of Indonesian law.

SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank

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SSEK 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$61 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 … SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank