Limited liability companies (PTs) in Indonesia are governed by Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies (Company Law). Other applicable laws and regulations include: Law No. 3 of 1982 dated 1 February 1982 regarding Mandatory Company Registry. Law No. 25 of 2007 dated 26 April 2007 regarding Capital … Establishing a Business in Indonesia – Forming a Private Company
SSEK partner Stephen Igor Warokka has been named to Asian Legal Business (ALB) 40 Under 40, a list of Asia’s best young lawyers. Stephen was one of just three lawyers from Indonesia selected for inclusion. Stephen, who has more than a decade of legal experience, specializes in M&A, shipping, labor law, expatriate work permits, immigration, … SSEK Partner Stephen Igor Warokka Named One of Asia’s Best Young Lawyers
SSEK lawyers were endorsed as leading practitioners for Indonesia in the 2021 IFLR1000 guide to the leading financial and corporate law firms and lawyers. The SSEK partners and advisors recognized by IFLR1000 are: Dyah Soewito – Highly Regarded Ira A. Eddymurthy – Highly Regarded Fitriana Mahiddin – Highly Regarded Denny Rahmansyah – Notable Practitioner … SSEK Partners, Advisors Recognized in IFLR1000 as Leading Lawyers for Indonesia
An overseas company can trade directly in Indonesia through appointing an Indonesian agent, distributor, or franchisee. To do so, an overseas company must enter into a distribution, agency or franchise agreement with an existing Indonesian company. With this structure, the overseas company does not need to establish a limited liability company with foreign ownership (PT … Establishing a Business in Indonesia – Establishing a Presence from Abroad
SSEK lawyers have been recognized in the asialaw Leading Lawyers 2021 guide to outstanding practitioners in the region. SSEK’s asialaw Leading Lawyers 2021 are: Dyah Soewito – Distinguished practitioner, Corporate and M&A Ira A. Eddymurthy – Elite practitioner, Corporate and M&A Denny Rahmansyah – Distinguished practitioner, Corporate and M&A Michael D. Twomey – Distinguished … SSEK Lawyers Highly Ranked for Indonesia in asialaw Leading Lawyers 2021
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
