Expertise: Capital Markets & Securities

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

Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering

By Fahrul Salam Yusuf and Shafira N. Putri Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK”) has issued OJK Regulation No. 41/POJK.04/2020 regarding the Implementation of Electronic Securities Offerings in the Form of Equity Securities, Debt Securities and/or Sharia Bonds (July 2, 2020) (\"Regulation”). This Regulation stipulates that offerings of equity securities, debt securities Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering

Indonesian Capital Market Update During the Coronavirus Pandemic

By Ira A. Eddymurthy and Callista Putri Mayari To generally calm the market from its consistent downward volatility amid the global coronavirus pandemic, the relevant Indonesian government authorities have taken several actions. These include (i) the suspension of all short selling transactions implemented by the Indonesia Stock Exchange (\"IDX‚Äù) and (ii) the introduction by the Indonesian Indonesian Capital Market Update During the Coronavirus Pandemic

SSEK Lawyers Discuss Private Placements in Indonesia at AIMA Conference

Michael S. Carl, an international legal adviser at SSEK Legal Consultants, and Bezaliel B. Erlan, a senior associate at the firm, were featured speakers at the recent AIMA Asia Navigating Private Placement Conferences in Hong Kong and Singapore. The Alternative Investment Management Association held the conference on October 17 in Hong Kong and October 19 SSEK Lawyers Discuss Private Placements in Indonesia at AIMA Conference

SSEK Partner a Featured Speaker at HKHPM Indonesia Seminar

SSEK Legal Consultants senior partner Ira A. Eddymurthy was a featured speaker at a recent half-day seminar on Fair Business Competition in Legal Services in Indonesia, held in Jakarta by the Association of Capital Market Legal Consultants (HKHPM). Ira spoke during the seminar’s first session, along with the chairman of Indonesia’s Business Competition Supervisory Commission SSEK Partner a Featured Speaker at HKHPM Indonesia Seminar

Indonesian Financial Services Authority Re-Regulates Rights Issues

By Ira A. Eddymurthy and Miftahul Khairi In late December 2015, the Indonesian Financial Services Authority (OJK) issued Regulation No. 32/POJK.04/2015 regarding Rights Issue (New Rights Issue Rule). The New Rights Issue Rule came into effect on December 22, 2015. It integrates provisions concerning rights issues and the form and content of the registration statement Indonesian Financial Services Authority Re-Regulates Rights Issues