Expertise: Capital Markets & Securities

Indonesian Financial Services Authority Re-Regulates Rights Issues

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 for a rights issue. These provisions were Indonesian Financial Services Authority Re-Regulates Rights Issues

SSEK Lawyers Recognized as Leading Practitioners in Capital Markets

Ira A. Eddymurthy, a founding partner of SSEK Indonesian Legal Consultants, and Michael S. Carl, a senior foreign legal advisor at the firm, have been selected for inclusion in the 2015 edition of Who’s Who Legal: Capital Markets, an independent guide to the world’s leading capital markets lawyers. Ira is recognized as a leading Structured SSEK Lawyers Recognized as Leading Practitioners in Capital Markets

SSEK Advises on Hong Kong IPO

SSEK, based in Jakarta, Indonesia, advised on Link Holdings Limited’s recent IPO and listing on the Hong Kong Stock Exchange by way of placement. Link Holdings, a hotel operator, has a subsidiary with assets in Indonesia. SSEK advised the sole sponsor and underwriters of the IPO on all aspects of Indonesian law.

SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank

SSEK acted as Indonesian counsel to Woori Bank of South Korea in its purchase of a 33 percent stake in Indonesia’s Bank Himpunan Saudara 1906 for 713.1 billion Rupiah, about US$61 million. Securing approval from Indonesia’s central bank, Bank Indonesia, for the purchase took about 18 months amid an evolving regulatory environment for bank acquisitions SSEK Advises Woori Bank on Acquisition of Stake in Listed Indonesian Bank