2017 Archives - Page 6 of 9

Bauxite Mining and Alumina Refinery Investment Environment in Indonesia

foxdev | June 19, 2017

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was invited to give a presentation at the 3rd Global Bauxite Conference 2017 on the Bauxite Mining and Alumina Refinery Investment Environment in Indonesia. The conference was held June 14-15 in Jakarta. Michael Carl is the supervising adviser for SSEK’s mining practice. He … Bauxite Mining and Alumina Refinery Investment Environment in Indonesia

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

foxdev | June 15, 2017

By Ira A. Eddymurthy and Maria Yudhitama The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of insurance companies. Breaking from previous policy, the Insurance Law specifically mandates that the local shareholders in an insurance company must be ultimately owned by Indonesian individuals. After the … Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

Recent Developments in Bankruptcy Law and Suspension of Debt Payments in Indonesia

foxdev | May 31, 2017

Indonesia has had a bankruptcy law since 1905, when Staatsblad 1905 No. 217 juncto Staatsblad 1906 No. 348 Concerning Bankruptcy was enacted. In response to the 1997-98 Asian financial crisis, and the view that the 1905 bankruptcy law was out of date and irrelevant to modern commercial needs, the Government on April 22, 1998, issued … Recent Developments in Bankruptcy Law and Suspension of Debt Payments in Indonesia

Restrictions on Contractors in the Indonesian Oil and Gas Sector

foxdev | May 23, 2017

By Fitriana Mahiddin and Syahdan Z. Aziz There are a number of rules for Production Sharing Contract (PSC) Contractors in Indonesia’s oil and gas sector, including those on the export of production, currency exchange and the transfer or disposal of development rights. Subject to obtaining requisite export approvals, a Contractor is entitled to export its production entitlement, … Restrictions on Contractors in the Indonesian Oil and Gas Sector

Salaries of Foreign Workers Seconded to Indonesia

foxdev | May 18, 2017

Bank Indonesia has refined its position regarding the exemption of a cross-border supply of services from the currency requirement, particularly in the case of a foreigner who is employed by a foreign company and seconded to an Indonesian company (Article 8.(1).b.1 of Bank Indonesia Regulation No. 17/3/PBI/2015 and Article C.3.b.1 of Bank Indonesia Circular Letter … Salaries of Foreign Workers Seconded to Indonesia

Update on Free Employment Law Webinar on the Implications of Brexit for Businesses in UK and EU

foxdev | May 17, 2017

The May 24). Experienced legal counsel from the UK, France, Switzerland, Ireland and Belgium will provide practical insight on what Brexit may mean and how companies can prepare for the changes:

Michael Carl of SSEK Features at Asia Bancassurance Conference

foxdev | May 16, 2017

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at the 18th Asia Conference on Bancassurance and Alternative Distribution Channels, organized by Asia Insurance Review. The conference was held May 15-16 at Hotel Mulia Senayan in Jakarta. Michael discussed foreign ownership of insurance companies in Indonesia, and looked … Michael Carl of SSEK Features at Asia Bancassurance Conference

SSEK Wins Deal of Year for Alibaba Acquisition of Lazada

foxdev | May 10, 2017

SSEK has been recognized in Asian-MENA Counsel’s Deals of the Year 2016 for our involvement in Alibaba’s US$1 billion purchase of a controlling stake in Southeast Asian online retailer Lazada Group. SSEK acted as Indonesian counsel to Alibaba as part of the acquisition. The SSEK team was led by founding partner Ira A. Eddymurthy. Sullivan … SSEK Wins Deal of Year for Alibaba Acquisition of Lazada

Indonesian Oil and Gas Sector: Role of the State

foxdev | May 3, 2017

By Fitriana Mahiddin and Syahdan Z. Aziz Extracted oil and gas in Indonesia remains owned by the State until it passes the point of export or other delivery point. Thereafter, the Government is entitled to a certain percentage of the production output as apportioned under the Production Sharing Contract (PSC), as is the Contractor. Under the Oil … Indonesian Oil and Gas Sector: Role of the State

Michael Carl of SSEK to Speak at Asia Bancassurance Conference

foxdev | May 3, 2017

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, will be a featured speaker at the 18th Asia Conference on Bancassurance and Alternative Distribution Channels, organized by Asia Insurance Review. The conference will be held May 15-16 at Hotel Mulia Senayan in Jakarta. Michael will discuss “Legal Issues and M&A Deals in … Michael Carl of SSEK to Speak at Asia Bancassurance Conference