The Legal 500 has named SSEK Indonesian Legal Consultants senior partner Ira A. Eddymurthy to its inaugural Asia Pacific Hall of Fame. Ira was recognized for banking and finance. You can see Ira\'s interview for The Legal 500 Hall of Fame here. The Legal 500 Hall of Fame recognizes individuals who have received constant praise from … SSEK Partner Ira Eddymurthy Named to Legal 500 Hall of Fame
By Ira A. Eddymurthy and Indrawan D. Yuriutomo In response to the COVID-19 pandemic and its possible effect on the banking and financial sectors, Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK‚Äù) has issued a regulation to encourage mergers between problematic banks. OJK Regulation No. 18/POJK/03/2020 regarding Written Order to Handle Problematic Banks (“POJK 18/2020“) … COVID-19: KPPU and OJK Address Mergers Between Problematic Banks in Indonesia
The COVID-19 global pandemic has taken a toll on the Indonesian economy, underlining the need for financial institutions to have adequate liquidity in the face of uncertain times. In response, the Indonesian government issued Government Regulation in Lieu of Law No. 1 of 2020 on State Financial Policy for the Handling of COVID-19 and/or Other … Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19
Ira A. Eddymurthy, a founding partner of SSEK Legal Consultants, has been recognized as a leading lawyer in Indonesia for banking in the 2020 edition of Who\'s Who Legal: Banking. Ira was one of only five lawyers recognized in Indonesia. Ira is a supervising partner of SSEK\'s banking and finance practice. Who\'s Who Legal notes that … SSEK Partner Ira Eddymurthy Named a Leading Lawyer for Banking in Indonesia
SSEK recently gave a presentation to the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) on the transfer of non-performing loans. The event was part of the OJK’s knowledge exchange program, which brings together members of the OJK and practitioners from leading Indonesian law firms like SSEK. About SSEK SSEK is a leading full-service corporate … SSEK Gives Presentation to Indonesia’s OJK
SSEK recently led a half-day corporate legal training event on electronic money and anti-money laundering in Indonesia. The training was provided for a leading Indonesian payments, rewards and financial services platform.
SSEK has assisted its client in successfully negotiating the document compliance process as part of its application for an e-money license from Bank Indonesia. As part of the due diligence exercise to support the client, the SSEK team ensured that the required compliance-related documentation was provided as required under the current central bank regulatory framework. … SSEK Successfully Assists Client with E-Money License Application
Indonesia’s central bank, Bank Indonesia (“BI”), has issued BI Regulation Number 21/2/PBI/2019 concerning the Reporting of Foreign Exchange Activities (“Regulation 2/2019”). This new regulation introduces several changes from the previous regulation on said activities, BI Regulation Number 16/22/PBI/2014 on the Reporting of Foreign Exchange Activities and the Reporting of Prudential Principles Activities in the Management … Indonesian Central Bank Issues Regulation on Reporting of Foreign Exchange Activities
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution, including the scope, procedure, results and consequences of such reassessment. OJK Regulation No. 34/POJK.03/2018 regarding Fit and Proper Test Reassessment for the … Indonesia’s OJK Issues Regulation on Fit and Proper Test Reassessment
SSEK has acted as Indonesian counsel to KEB Hana Bank Korea, South Korea’s largest bank by assets, and the largest foreign exchange bank in South Korea, in connection with the acquisition by LINE Corporation, through its subsidiary LINE Financial Asia, of a 20 percent stake in PT Bank KEB Hana Indonesia through a Share Subscription … SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake
