The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR“) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill … Indonesia Omnibus Bill – Changes to the Mining Law
Stephen Igor Warokka, a partner in SSEK\'s labor and employment practice and a supervising partner in the firm\'s immigration law and work permit practice, will be a featured speaker at an upcoming virtual bootcamp on Indonesian employment law. The event, scheduled for November 16, 23 and 30, is organized by Hukumonline, a leading provider of … Indonesian Manpower Law – Virtual Training with SSEK and Hukumonline
The Indonesian Commercial Code (“ICC”) provides that a carrier is liable to provide compensation for any damages arising from its failure to deliver cargo, whether partially or entirely, or any damages to the cargo, unless such damage or failure to deliver was caused by force majeure. Indonesia has not ratified the Hague/Hague-Visby/Hamburg/Rotterdam Rules. In practice, … Indonesia Shipping Law – Cargo Claims
OUTSTANDING: CORPORATE AND M&A; ENERGY; INFRASTRUCTURE; LABOR AND EMPLOYMENT; RESTRUCTURING AND INSOLVENCY; TECHNOLOGY AND TELECOMUNICATIONS HIGHLY RECOMMENDED: AVIATION AND SHIPPING; BANKING AND FINANCE (PRACTICE AREA); BANKING AND FINANCIL SERVICES (INDUSTRY SECTOR); COMPETITION / ANTITRUST; CONSTRUCTION (HIGHEST TIER AWARDED); DISPUTE RESOLUTION; INSURANCE (HIGHEST TIER AWARDED); REAL ESTATE (HIGH TIER AWARDED) RECOMMENDED: CAPITAL MARKETS; CONSUMER GOODS AND SERVICES (HIGHEST TIER … ASIALAW PROFILES
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
SSEK partner Stephen Igor Warokka and Indrawan Dwi Yuriutomo, an associate of the firm, were guest speakers at a recent webinar on the Omnibus Bill on Job Creation organized by the Indonesia Canada Chamber of Commerce (ICCC). The webinar discussed changes in labor regulations under the Omnibus Bill and how those changes might affect employers … SSEK Featured at Indonesia Canada Chamber of Commerce Webinar on Omnibus Jobs Bill
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill amends various provisions in … Indonesia Omnibus Bill – Potential Changes to the Oil and Gas Law
A bid is made public in the case of either a mandatory tender offer (MTO), which follows a change of control, or a voluntary tender offer (VTO). Before the offeror can proceed with either, he or she must announce their intention to the public. The announcement must be reviewed by the Indonesian Financial Services Authority … Corporate M&A in Indonesia – Disclosure
Dewi Savitri Reni (Vitri), a partner at SSEK Legal Consultants, recently led an online session on Legal Due Diligence and Risk Prevention in M&A Transactions. The virtual training session was part of a Corporate Legal Career event organized by the Universitas Islam Negeri (UIN) law school alumni association. Vitri\'s practice include mergers and acquisitions, environmental … SSEK Partner Leads Online Session at UIN Law Career Event
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
