Expertise: Corporate Law

SSEK Features in New Chambers Rankings

SSEK was again ranked as one of the best firms in Indonesia in the 2014 Chambers Asia-Pacific guide to the region’s leading firms and lawyers. SSEK was recognized in all the major practice areas, including in the key practice areas of Corporate/M&A and Real Estate, where SSEK received the highest ranking. Chambers researchers also placed SSEK Features in New Chambers Rankings

Indonesian Court Annuls Loan Agreement on Language Law: What Does It Mean for Your Agreements?

In a landmark decision on June 20, 2013, the West Jakarta District Court annulled a Loan Agreement entered into between a local borrower and an offshore lender because it was executed in English only. The decision is not controversial in our view since all agreements entered into by an Indonesian party with a foreign party Indonesian Court Annuls Loan Agreement on Language Law: What Does It Mean for Your Agreements?

Indonesian Banks Get New Ownership Rules

Indonesia’s central bank, Bank Indonesia (“BI”), has issued a regulation designed to improve the competitiveness of the banking system by streamlining bank ownership through consolidation and enhancing supervision, particularly in the area of good corporate governance. BI Regulation No. 14/24/PBI/2012 regarding Single Ownership in Indonesian Banks was issued on December 26, 2012. It addresses what Indonesian Banks Get New Ownership Rules