The Asian Business Law Institute (ABLI) recently released Model Clauses for Contracting in Asia (“Model Clauses”) under its Contract Laws in Asia project. Increasingly, parties to a commercial contract are based in different jurisdictions whose contract law, source of contract law, legal labels, languages, etc. all vary. As a result, the choice of law made … SSEK Law Firm Contributes to Model Clauses for Contracting in Asia
Indonesia’s competition authority, the KPPU (Komisi Pengawas Persaingan Usaha), has issued a new merger filing regulation, KPPU Regulation No. 3 of 2023 regarding Evaluation of Merger, Consolidation, or Acquisition of Shares and/or Assets which May Result in Monopolistic Practices and/or Unfair Competition (“KPPU Reg 3/2023”). Because this regulation is so new, certain provisions may require … Legal Alert: Indonesia – New Merger Filing Regulation
SSEK has assisted PT Angkasa Pura I (“AP I”) in the conclusion of a Joint Operation Agreement between AP I and PT Surya Dhoho Investama (“SDHI”), a subsidiary of PT Gudang Garam Tbk, for the operation of Kediri Airport. The airport, in East Java, is expected to cater to both domestic and international flights, providing … SSEK Assists Angkasa Pura I for the Operation of Kediri Airport
As Indonesia moves toward formally relocating its capital from Jakarta to Nusantara, in Kalimantan, the government recently issued a regulation meant to ease the process of doing business in the new capital and encourage companies to invest in Nusantara. Government Regulation No. 12 of 2023 regarding Business Licensing, Ease of Doing Business, and Capital Investment … Indonesia’s Capital Idea: New Regulation Encourages Investment in Nusantara
SSEK associate Aldilla S. Suwana has been named an Asian Legal Business (ALB) Indonesia Rising Star 2023. ALB Indonesia Rising Stars highlights the country’s top up-and-coming lawyers who are delivering exceptional performance while winning wide acclaim and favorable remarks from clients. Aldilla joined SSEK in 2018. Her practice focuses on energy and natural resources, environmental … SSEK’s Aldilla S. Suwana Named ALB Indonesia Rising Star
The concept of electronic stamp duty (“e-stamp duty”) was introduced in Indonesia by Law No. 10 of 2020 regarding Stamp Duty (bea meterai), which came into effect on January 1, 2021 (“Stamp Duty Law”). The e-stamp duty was introduced to manage stamp duties for electronic documents, as more business was done online. To be clear, … Indonesia Introduces Electronic Stamp Duty: A Quick Update for Companies
SSEK partner Fransiscus Rodyanto and Fadhira Mediana, an associate at the firm, have contributed the Indonesia chapter to a new publication, Contract Laws of Asia – Liquidated Damages and Penalty Clauses. The publication was released by the Asian Business Law Institute (ABLI) with support from its parent organization, the Singapore Academy of Law. Contract Laws … SSEK Contributes Indonesia Chapter to Contract Laws of Asia – Liquidated Damages and Penalty Clauses
SSEK Law Firm is ranked as a Tier 1 firm across five practice areas in the 2023 Legal 500 Asia Pacific directory of the leading law firms and lawyers in the region. These rankings underline SSEK’s position as one of the elite law firms in Indonesia. SSEK received a top-tier ranking for: Corporate and M&A … SSEK Earns Five Tier 1 Ratings in 2023 Legal 500 Indonesia
The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR”) passed the revised Criminal Code at its plenary session on December 6, 2022, and it has now been legislated by the Government as Law No. 1 of 2023 regarding Criminal Code, dated January 2, 2023 (the “New Criminal Code”). This article briefly traces the path … Key Provisions of Indonesia’s New Criminal Code
Indonesia recently unveiled its new Criminal Code (Kitab Undang-Undang Hukum Pidana or “KUHP”). This article looks specifically at how the new KUHP affects corporations in Indonesia and key provisions of which companies should be aware. Corporate Criminal Liability The new KUHP introduces a set of provisions on corporate criminal liability which were previously provided … Criminal Liability for Corporations Under Indonesia’s New Criminal Code
