Expertise: Corporate Law

Establishing a Business in Indonesia – Foreign Investment Restrictions

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Restrictions on foreign shareholders in Indonesia are set out in the Negative Investment List (DNI), as contained in Presidential Regulation (PR) 44/2016. PR 44/2016 lists areas in which investment by both Indonesians and foreign nationals is prohibited or restricted. In addition to PR 44/2016, the laws and regulations governing certain lines of business must be … Establishing a Business in Indonesia – Foreign Investment Restrictions

Corporate M&A in Indonesia – Scope of Due Diligence

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There are no specific requirements or procedures for due dil­igence before acquiring a company. However, it is common and best practice for a bidder to perform due diligence on the target company before proceeding with an acquisition. In practice, the due diligence will cover the following:   corporate organization and general information; compliance with general … Corporate M&A in Indonesia – Scope of Due Diligence

Establishing a Business in Indonesia – Shareholders and Voting Rights

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In Indonesia, protections for shareholders and/or minority shareholders under the Indonesian Company Law are as follows:   A shareholder can file a claim at the district court against the company if they suffer unfair and unreasonable losses as a consequence of resolutions of the general meeting of shareholders (GMS), board of directors (BOD), or board … Establishing a Business in Indonesia – Shareholders and Voting Rights

SSEK Leads Training Sessions for Pertamina

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SSEK recently led separate training sessions for new legal officers at PT Pertamina, the Indonesian state-owned oil and natural gas corporation. SSEK partner Dewi Savitri Reni (Vitri) and Indrawan Dwi Yuriutomo, as associate at the firm, led a session on joint venture agreements and M&A transactions. Vitri led a second session on liquidation, bankruptcy and … SSEK Leads Training Sessions for Pertamina

Draft of New Indonesian Criminal Code and the Potential Impact on Corporations

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The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR“) has been considering revisions to the country’s Criminal Code. Some of the proposed changes could have a significant impact on companies in Indonesia. One of the biggest changes in the draft Criminal Code (Rancangan Kitab Undang-Undang Hukum Pidana or “RKUHP“) would be to recognize corporations … Draft of New Indonesian Criminal Code and the Potential Impact on Corporations

SSEK Speaks at Event in Malaysia on Entering the Indonesian Market

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SSEK partner Dewi Savitri Reni (Vitri) discussed the Indonesian legal landscape at an event in Malaysia for companies that want to enter the Indonesian market. The event was organized by the Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF). Vitri gave a presentation on “Deciphering Indonesia’s Legal Landscape.”

SSEK Highly Ranked in IFLR1000 2020 Guide to Leading Law Firms and Lawyers in Indonesia

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SSEK has been recognized as one of Indonesia’s leading law firms across multiple practice areas in the 2020 IFLR1000 guide to the leading financial and corporate law firms and lawyers. SSEK received the highest ranking for its M&A and Restructuring & Insolvency practices. SSEK was also recognized as one of Indonesia’s top law firms for … SSEK Highly Ranked in IFLR1000 2020 Guide to Leading Law Firms and Lawyers in Indonesia

SSEK Partner Leads Seminar in Korea on Indonesian Legal Developments

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SSEK partner Ira A. Eddymurthy gave a presentation in Seoul on Indonesian legal developments, focusing on infrastructure, data privacy and expatriate employment. The event was hosted by Shin & Kim, one of the largest corporate law firms in Korea. About SSEK SSEK is a leading full-service corporate and commercial law firm based in Jakarta. Since … SSEK Partner Leads Seminar in Korea on Indonesian Legal Developments