Expertise: Pasar Modal & Sekuritas

Indonesia’s OJK Introduces Changes to Share Ownership Reporting

On February 28, 2024, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) introduced significant changes to the requirements for reporting ownership or changes in ownership of shares in a public company. These new requirements were introduced by OJK Regulation No. 4 of 2024, dated February 28, 2024, regarding the Reporting of Share Ownership Indonesia’s OJK Introduces Changes to Share Ownership Reporting

SSEK Delivers Presentation on Indonesia-Hong Kong Dual Listings

SSEK Law Firm and Freshfields Bruckhaus Deringer (Hong Kong) recently gave a joint presentation on dual listings on the Indonesia Stock Exchange (“IDX”) and the Hong Kong Exchanges and Clearing Limited (“HKEX”). SSEK foreign legal advisor Michael S. Carl and senior associate Maria Yudhitama Eka Dewi discussed Indonesia’s regulatory treatment of dual listings, including Indonesian SSEK Delivers Presentation on Indonesia-Hong Kong Dual Listings

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

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

Indonesia’s Financial Sector Omnibus Law: Securities Crowdfunding

In January 2023, Indonesia enacted Law No. 4 of 2023 on Financial Sector Development and Strengthening, or in Indonesian Pengembangan dan Penguatan Sektor Keuangan (PPSK), which is better known as the Financial Sector Omnibus Law, to regulate the country’s financial sector. Comprising 27 chapters and 341 articles and replacing or amending 17 laws, the Financial Indonesia’s Financial Sector Omnibus Law: Securities Crowdfunding

Indonesia: New OJK Regulation and the Impact on Employee Share Plans

Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has enacted new rules to regulate, inter alia, share ownership plans granted by foreign listed entities to employees, directors, and commissioners of their subsidiaries (“Employee Plan”). OJK Circular Letter No. 33/SEOJK.04/2022 dated December 30, 2022, regarding Guidelines for the Implementation of Securities Offerings Classified as Non-Public Indonesia: New OJK Regulation and the Impact on Employee Share Plans

Founding Partner SSEK Masuk Daftar A Pengacara Terkemuka di Indonesia

Mitra pendiri SSEK Ira A. Eddymurthy kembali dinobatkan sebagai A-List of Indonesia’s Top 100 Lawyers di Asia Business Law Journal. Daniel Kim, direktur dan manajer proyek, solusi tempat kerja global Asia-Pasifik, di perusahaan layanan dan investasi real estat global CBRE di Singapura, mengatakan tentang Ira: “Ira adalah pengacara superstar yang tidak melupakan hubungan klien dan Founding Partner SSEK Masuk Daftar A Pengacara Terkemuka di Indonesia

Tech Listings in Indonesia May Benefit from OJK Rule

Indonesia\'s Financial Services Authority (Otoritas Jasa Keuangan or \"OJK”) has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering (\"IPO”) in Indonesia. OJK Rule No. 22/POJK.04/2021 on the Stipulation of a Share Classification with Multiple Voting Rights by Issuers with Innovation and High Growth Rates Conducting a Tech Listings in Indonesia May Benefit from OJK Rule

Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering

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

SSEK Discusses Private Placements in Indonesia at AIMA Conference

Michael S. Carl, an international legal adviser at SSEK, was a featured speaker at the recent AIMA Asia Navigating Private Placement Conferences in Hong Kong and Singapore. The Alternative Investment Management Association held the conference on October 17 in Hong Kong and October 19 in Singapore. The full-day event focused on marketing and private placement SSEK Discusses Private Placements in Indonesia at AIMA Conference