The owner or tenant of real estate in Indonesia may face environmental liability arising from, for instance, pollution, contamination or failure to manage hazardous and toxic materials or waste. Indonesian environmental law recognizes strict liability in the event of damages resulting from a person’s actions, business or activity that uses hazardous and toxic materials (B3), … Real Estate in Indonesia – Legal Liability
There are various types of land title in Indonesia, and not all of them can be acquired by foreign entities and individuals, even if such foreign individuals reside in Indonesia or the foreign entities have a presence or do business in Indonesia. Below are the types of land title and the parties who are permitted … Real Estate in Indonesia – Foreign Owners and Tenants
In Indonesia, land is legally acquired upon the execution of a Sale Purchase Deed (AJB) by the seller and buyer, or a Land Relinquishment Deed (APH) in favor of the buyer. An AJB is used if the buyer wishes to acquire certificated title to the land of the same type as the seller\’s certificated title. … Real Estate in Indonesia – Registration and Recording
There is a system for land title registration in Indonesia, and upon registration the land title holder will be issued the relevant land certificate. However, large areas of land that have not been registered and certificated still exist in many rural areas. The rights to this land are still governed by adat (customary) law. They … Real Estate in Indonesia – Land Records
Restrictions on foreign investment in Indonesia are regulated by the Negative Investment List. There are lists of industries for which foreign investment is open (up to a certain percentage of its capitalisation), for example: A construction services business is open for up to 67% foreign investment (70% if the foreign investor is from an … Investing in Indonesia – Investment Restrictions
By Denny Rahmansyah For domestic investors, Indonesian law recognizes various corporate vehicles, including those with (i) non-legal entity status, such as a (a) maatschap (civil partnership), (b) firm and (c) comanditer venootschape (limited partnership, or CV); or (ii) legal entity status, such as a limited liability company (perseroan terbatas, or PT) or co-operative. Small to … Real Estate Investment Vehicles in Indonesia
SSEK managing partner Denny Rahmansyah has been named a leading lawyer in Indonesia for real estate in The Legal 500 Asia Pacific 2020 guide to outstanding lawyers and law firms in the region. Denny was the only lawyer in Indonesia recognized by The Legal 500 as a Leading Individual for Real Estate. SSEK was also named … SSEK Partner Denny Rahmansyah Named Leading Lawyer in Indonesia for Real Estate
By Denny Rahmansyah Building construction in Indonesia must adhere to technical requirements as imposed by the government. Government Regulation No 36 of 2005 regarding the Implementation of Law No. 28 of 2002 regarding Building (GR 36/2005) imposes an \"intensity requirement‚Äù for the construction of a building, whereby a building must be constructed not exceeding certain … Legislative and Governmental Controls Applicable to Design, Appearance and Method of Construction in Indonesia
SSEK has assisted Ovolo Group, an award-winning luxury boutique hotel brand headquartered in Hong Kong, with the acquisition of a resort hotel in Bali. Ovolo acquired Citadines Kuta Beach Bali, an upmarket serviced apartment/hotel development located near the popular tourist areas of Seminyak and Legian. This is the group’s first property outside of Hong Kong … SSEK Acts for Ovolo Group in Bali Resort Acquisition
By Denny Rahmansyah If soil pollution or environmental contamination is already present when the buyer in a real estate transaction in Indonesia becomes the legal owner of the land, it is possible the buyer will be responsible for such pollution or contamination, unless the buyer can prove that it did not cause the pollution or … Indonesia Real Estate Transactions – Soil Pollution or Environmental Contamination
