Expertise: Forestry & Plantation

SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

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SSEK Law Firm partner Denny Rahmansyah assisted Malaysian plantation group TSH Resources Berhad on the Indonesian aspects of its secondary listing on the Mainboard of the Singapore Exchange (SGX). TSH Resources Berhad, a Malaysian public company listed on Bursa Malaysia, has 13 Indonesian subsidiaries. Denny led the SSEK team that performed due diligence on the … SSEK Assists on Singapore Listing of Malaysian Plantation Group TSH Resources Berhad

Upscaling Carbon Markets Across APAC – SSEK Contributes Indonesia Overview to New Report

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Asia Securities Industry and Financial Markets Association (ASIFMA) has released a white paper on “Upscaling Carbon Markets Across APAC,” the first report of its kind focused on the Asia-Pacific region. SSEK foreign legal advisor Michael S. Carl and senior associate Aldilla Stephanie Suwana contributed an overview of Indonesia to the report. “Upscaling Carbon Markets Across … Upscaling Carbon Markets Across APAC – SSEK Contributes Indonesia Overview to New Report

New Regulation on Revenue Sharing Funds for Palm Oil Plantations in Indonesia

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The Indonesian government recently issued a regulation on revenue sharing funds for palm oil plantations, Government Regulation No. 38 of 2023 dated July 24, 2023, regarding Palm Oil Plantation Revenue Sharing Fund (“Palm Oil RSF”) (“GR 38/2023”). Before the enactment of GR 38/2023, only two types of revenue sharing funds were recognized under Minister of … New Regulation on Revenue Sharing Funds for Palm Oil Plantations in Indonesia

ESG Regulations: Indonesia

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SSEK Law Firm partner Denny Rahmansyah, senior associate Aldilla Stephanie Suwana and associate Albertus Jonathan Sukardi have contributed the Indonesia chapter to a regional guide on ESG regulations. With growing awareness of the impact of environmental, social and governance (ESG) standards pushing companies in Asia and around the globe to higher levels of accountability, Asia Business … ESG Regulations: Indonesia

Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

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The President of Indonesia, Joko Widodo, recently enacted Government Regulation No. 36 of 2023 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36”). GR 36 stipulates new requirements for exporters of natural resources to deposit their foreign exchange export proceeds (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya … Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System

Legal Alert: Indonesia – New Regulation on Carbon Trading for the Forestry Sector

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The Indonesian Ministry of Environment and Forestry (“MOEF”) is continuing to develop the regulatory framework for carbon trading in Indonesia. First it issued an umbrella regulation, Presidential Regulation No. 98 of 2021 on Carbon Economic Value (the “CEV Regulation”), which was followed by MOEF Regulation No. 21 of 2022 (“MOEF Regulation 21/2022”). Now the MOEF … Legal Alert: Indonesia – New Regulation on Carbon Trading for the Forestry Sector

SSEK Acts as Indonesian Counsel for POSCO International in Equity Transfer

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SSEK Legal Consultants has acted as Indonesian counsel to POSCO International Corporation (PIC), with Bae, Kim & Lee as international counsel, in an equity transfer between PIC and its Singaporean holding company. The SSEK team for this matter was led by partner Denny Rahmansyah. He was assisted by A. Charlie R. Malessy and Medita F. … SSEK Acts as Indonesian Counsel for POSCO International in Equity Transfer

SSEK Assists Malaysian Plantation Company in Landbank Transaction

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SSEK Indonesian Legal Consultants has acted for TSH Resources Berhad (TSH), one of Malaysia\'s largest plantation companies, as the seller in a US$110.1 million Indonesian landbank transaction, as has been reported. TSH entered into two conditional shares sale and purchase agreements with KL Kepong (KLK), through KLK\'s wholly owned subsidiary, Taiko Plantations Pte Ltd (TPPL). … SSEK Assists Malaysian Plantation Company in Landbank Transaction

SSEK Assists Malaysian Plantation Company in Sumatra Land Deal

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SSEK Indonesian Legal Consultants has acted for Ladang Lekir Sdn. Bhd., a Malaysian oil palm and rubber plantation company, and an indirect wholly owned subsidiary of the Perak State Agricultural Development Corporation, in the sale of its shares in an Indonesian oil palm company, PT Pinang Witmas Sejati. Kuala Lumpur Kepong Bhd. (KLK), a leading … SSEK Assists Malaysian Plantation Company in Sumatra Land Deal