Expertise: Capital Markets & Securities

SSEK Speaks at IDX, HKEX Capital Markets Seminar on Dual Listing

SSEK Law Firm foreign counsel Michael S. Carl and senior associate Maria Yudhitama Eka Dewi spoke at a recent capital markets seminar hosted by the Indonesia Stock Exchange (IDX) and Hong Kong Exchanges and Clearing Limited (HKEX) on Roadmap to Additional Liquidity via Dual Listing. The IDX and HKEX signed a memorandum of understanding in SSEK Speaks at IDX, HKEX Capital Markets Seminar on Dual Listing

Indonesia Regulatory Update – Sharia Futures Commodity Trading

The Indonesian Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) has introduced a sharia-based physical commodity market in the framework of strengthening the liquidity of commodity futures trading transactions and implementing an organized, sharia-based physical market. Bappebti Regulation No. 5 of 2024 regarding the Implementation of Physical Commodity Markets Based on Indonesia Regulatory Update – Sharia Futures Commodity Trading

Indonesia’s OJK Introduces Changes to Share Ownership Reporting

On February 28, 2024, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) introduced significant changes to the requirements for reporting ownership or changes in ownership of shares in a public company. These new requirements were introduced by OJK Regulation No. 4 of 2024, dated February 28, 2024, regarding the Reporting of Share Ownership Indonesia’s OJK Introduces Changes to Share Ownership Reporting

SSEK Delivers Presentation on Indonesia-Hong Kong Dual Listings

SSEK Law Firm and Freshfields Bruckhaus Deringer (Hong Kong) recently gave a joint presentation on dual listings on the Indonesia Stock Exchange (“IDX”) and the Hong Kong Exchanges and Clearing Limited (“HKEX”). SSEK foreign legal advisor Michael S. Carl and senior associate Maria Yudhitama Eka Dewi discussed Indonesia’s regulatory treatment of dual listings, including Indonesian SSEK Delivers Presentation on Indonesia-Hong Kong Dual Listings

SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

SSEK Law Firm partner Denny Rahmansyah assisted Malaysian plantation group TSH Resources Berhad on the Indonesian aspects of its secondary listing on the Mainboard of the Singapore Exchange (SGX). TSH Resources Berhad, a Malaysian public company listed on Bursa Malaysia, has 13 Indonesian subsidiaries. Denny led the SSEK team that performed due diligence on the SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

Indonesia’s Financial Sector Omnibus Law: Securities Crowdfunding

In January 2023, Indonesia enacted Law No. 4 of 2023 on Financial Sector Development and Strengthening, or in Indonesian Pengembangan dan Penguatan Sektor Keuangan (PPSK), which is better known as the Financial Sector Omnibus Law, to regulate the country’s financial sector. Comprising 27 chapters and 341 articles and replacing or amending 17 laws, the Financial Indonesia’s Financial Sector Omnibus Law: Securities Crowdfunding

Indonesia: New OJK Regulation and the Impact on Employee Share Plans

Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has enacted new rules to regulate, inter alia, share ownership plans granted by foreign listed entities to employees, directors, and commissioners of their subsidiaries (“Employee Plan”). OJK Circular Letter No. 33/SEOJK.04/2022 dated December 30, 2022, regarding Guidelines for the Implementation of Securities Offerings Classified as Non-Public Indonesia: New OJK Regulation and the Impact on Employee Share Plans

SSEK Founding Partner Named to A-List of Leading Lawyers in Indonesia

SSEK founding partner Ira A. Eddymurthy has again been named to Asia Business Law Journal’s A-List of Indonesia’s Top 100 Lawyers. Daniel Kim, director and project manager, global workplace solutions Asia-Pacific, at global real estate services and investment firm CBRE in Singapore, said of Ira: “Ira is a superstar lawyer who has not lost sight of client relationships and SSEK Founding Partner Named to A-List of Leading Lawyers in Indonesia

Tech Listings in Indonesia May Benefit from OJK Rule

Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK”) has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering (\"IPO”) in Indonesia. OJK Rule No. 22/POJK.04/2021 on the Stipulation of a Share Classification with Multiple Voting Rights by Issuers with Innovation and High Growth Rates Conducting a Tech Listings in Indonesia May Benefit from OJK Rule