Law No. 11 of 2008 as amended by Law No. 19 of 2016 on Electronic Information and Transactions (the ITE Law) is applicable to any individual who carries out a certain legal action (as specified in the ITE Law) within or outside the Indonesian jurisdiction. In the event of a dispute, the Indonesian courts shall … E-commerce in Indonesia – Legal and Regulatory Framework
The main business vehicles in Indonesia are legal entities and business entities. In a legal entity, there is a separation between the assets of the founder(s) and that of the established entity, which is not the case in a business entity. Establishing a legal entity requires the approval of several government entities, while establishing a … Establishing a Business in Indonesia – Business Vehicles
Purchasing shares in a company, either from a selling shareholder or from the company itself, is the most common type of share acquisition in Indonesia. Asset acquisitions are also becoming more common for individuals acquiring business units. Other methods include mergers or amalgamations, where the target company may be dissolved into the surviving company and … Corporate M&A in Indonesia – Overview of Regulatory Field
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“). The Regulation stipulates that offerings of equity securities, debt securities and sharia bonds be done electronically, with the … Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering
The Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has introduced new rules concerning material transactions and changes of main business activities by public companies in Indonesia. This development should be welcomed by industry players who have been awaiting the issuance of this new regulation since a draft of it was circulated in early 2019. … OJK Takes Broader Approach to Material Transactions and Change of Business Activities by Public Companies in Indonesia
When the Indonesian Company Law (“Law Number 40 of 2007“) was enacted more than a decade ago, it introduced, through Article 77, the possibility of convening a General Meeting of Shareholders (“GMS“) virtually, such as through an electronic platform with video or teleconference facilities (“E-GMS“). In practice, however, the use of E-GMS has been uncommon … Indonesia’s OJK Introduces Electronic GMS Regulations
Join SSEK partner Dewi Savitri Reni for a free webinar on starting up a business in Indonesia. This webinar, hosted by Talentvis, is scheduled for Wednesday, June 3, starting at 10 am. This educational webinar is aimed to provide foreign businesspeople and executives the necessary knowledge and skills to effectively do business in Indonesia. Scheduled … Setting Up a Business in Indonesia – A Free Webinar
The Legal 500 has named SSEK senior partner Ira A. Eddymurthy to its inaugural Asia Pacific Hall of Fame. Ira was recognized for Banking and Finance. The Hall of Fame recognizes individuals who have received constant praise from their clients for continued excellence and have been listed as leading individuals in their practice area for … SSEK Lawyers Named to Legal 500 Hall of Fame
SSEK recently led a webinar on force majeure and COVID-19 for one of its clients, a leading multinational building supplies company. SSEK’s Ira A. Eddymurthy, Dewi Savitri Reni and Mahareksha Dillon led the webinar, which was attended by more than 40 people. They discussed, among other issues, force majeure clauses in contracts and the key … SSEK Gives Webinar on Force Majeure and the COVID-19 Outbreak in Indonesia
SSEK associate Aldilla S. Suwana has been selected for inclusion in Hukumonline’s NeXGen Lawyers 2020. Aldilla earned her Bachelor of Laws from the University of Indonesia, graduating first in her class. She attended Harvard Law School on a Fulbright scholarship, earning her Master of Laws (LL.M.) in 2017. Aldilla is experienced working on global transactions … SSEK’s Aldilla S. Suwana Named a Hukumonline NeXGen Lawyer
