By Denny Rahmansyah Indonesian law is silent as to the warranties that should be given in a real estate sale transaction, by both the seller and the buyer. Representations and warranties, as well as the buyer\'s remedies for the seller\'s misrepresentation, in a real estate sale transaction shall be freely agreed between the seller and … Representations and Warranties in an Indonesian Real Estate Sale Transaction
By Denny Rahmansyah Buyers normally engage local legal counsel to conduct real estate due diligence. The legal counsel will coordinate directly with the seller and, when necessary, the seller\'s Land Deed Official (Pejabat Pembuat Akta Tanah, or PPAT) to obtain the documents to be reviewed and collect the necessary information on the land and the seller. … Real Estate Due Diligence in Indonesia
Below are the types of land titles that can be acquired in Indonesia and the parties that are permitted to acquire each of the specific titles: Right of Ownership (Hak Milik, or HM) – Indonesian individuals and specific Indonesian institutions; Right to Build (Hak Guna Bangunan, or HGB) – Indonesian individuals and Indonesian companies; … Categories of Property Rights in Indonesia
SSEK has assisted MNC Land, a leading Indonesian property company, in its collaboration with Trump Organization on the “Trump Residences Indonesia,” two ultra-luxury integrated developments in Bali and Lido, Bogor. SSEK was the only Indonesian law firm appointed to work on the projects. We assisted MNC Land with drafting and reviewing the transaction documents, and … SSEK Assists with MNC Land, Trump Organization Luxury Developments
SSEK Indonesian Legal Consultants has assisted WeWork, a US multinational that provides shared workspaces and services for entrepreneurs, freelancers, startups, small businesses and large enterprises, on the opening of its newest location in Jakarta. The new location is in the Noble House building in the Mega Kuningan business district of Jakarta, one of the most … SSEK Assists WeWork with Opening of New Jakarta Location
SSEK has assisted NTT Communications (NTT Com), a subsidiary of Nippon Telegraph and Telephone Corporation, the largest telecommunications company in Japan and one of the largest globally, and PT NTT Indonesia Nexcenter with the acquisition of land in an industrial area outside of Jakarta. The acquired land will be used for the construction of what … SSEK Assists with Land Acquisition for Data Center Development in Indonesia
SSEK managing partner Denny Rahmansyah has contributed the Indonesia chapter to the 2019 Chambers Real Estate global guide. The Real Estate guide provides expert legal commentary on key issues for businesses involved in the real estate sector. The Indonesia chapter by Denny offers a comprehensive look at the country’s real estate sector, including: Categories of … Guide to Real Estate in Indonesia
SSEK has assisted Kohler and its Indonesian subsidiary on the acquisition of approximately 20 hectares of land for the development of a new manufacturing plant in Deltamas-Cikarang, just outside of Jakarta. SSEK advised and assisted Kohler on the land acquisition process and the plant construction documents. Denny Rahmansyah, SSEK’s managing partner and a supervising partner … SSEK Assists Kohler on Land Acquisition and Development for Manufacturing Plant
SSEK recently acted as Indonesian counsel to a foreign sovereign wealth fund that specializes in real estate investment and management services in connection with a contemplated joint venture with JustCo, Singapore’s largest co-working space provider, to develop co-working spaces across Asia. Specifically for the Indonesian aspect of the transaction, the client sought to acquire a … SSEK Indonesian Legal Consultants Advises on Real Estate JV
SSEK Legal Consultants has advised PT Risland Sutera Property, part of Country Garden Group, on the acquisition of several plots of land in Alam Sutera, owned by PT Alam Sutera Realty Tbk. The land is located on the outskirts of Jakarta and will be used for a large residential development known as Sky House Alam … SSEK Advises PT Risland Sutera Property on Land Acquisition for Residential Development
