Expertise: Perkapalan & Logistik

Indonesia Update: Preferential Tariffs Under the RCEP and IK-CEPA

In an effort to bolster international trade, the Government of Indonesia recently ratified two free trade agreements. It ratified the Regional Comprehensive Economic Partnership (“RCEP”) agreement with the enactment of Law No. 24 of 2022 regarding the Ratification of RCEP (“Law 24/2022”), and it ratified the Comprehensive Economic Partnership Agreement Between the Government of the Indonesia Update: Preferential Tariffs Under the RCEP and IK-CEPA

Shipping Law – Indonesia

SSEK partner Stephen I. Warokka and Mutiara K. Ramadhani, an associate at the firm, have contributed the Indonesia to the Chambers Shipping 2022 global guide. The guide provides the latest information on port state control, marine casualties and owners’ liability, cargo claims, maritime liens and ship arrests, passenger claims, ship-owners’ income tax relief and the Shipping Law – Indonesia

Easing of Foreign Investment Restrictions for Distribution Business in Indonesia

The issuance of Indonesia’s Job Creation Law (Law Number 11 of 2020) and the New Investment List eased foreign investment restrictions for businesses across the country’s economy. For distributor businesses, the previous foreign ownership cap of 67% was removed to allow in principle 100% foreign capital, a loosening that could result in greater foreign investment Easing of Foreign Investment Restrictions for Distribution Business in Indonesia

SSEK Featured at Webinar on Foreign Investment in the Distribution Business in Indonesia

SSEK partner Stephen Igor Warokka took part in the recent webinar Legal Survey on Distribution in Indonesia. The webinar, which was geared toward Japanese companies, was hosted by the Indonesian Ministry of Investment/Indonesia Investment Coordinating Board (BKPM) and the Japan International Cooperation Agency (JICA). Also speaking at the event was a representative from the Japan-headquartered SSEK Featured at Webinar on Foreign Investment in the Distribution Business in Indonesia

Webinar: Legal Survey on Distribution in Indonesia

The Indonesian Ministry of Investment/Indonesia Investment Coordinating Board (BKPM) and the Japan International Cooperation Agency (JICA) are hosting a special webinar, Legal Survey on Distribution in Indonesia. About the webinar Under Indonesia’s new Investment Priority List issued in February of this year, distributor businesses that previously had a maximum foreign ownership of 67% can now Webinar: Legal Survey on Distribution in Indonesia

Indonesia Shipping Law – Maritime Claims

Maritime claims are already regulated in Indonesia under Law No. 17 of 2008 regarding Shipping (the “Shipping Law”). However, under the elucidation of Article 223 of the Shipping Law, maritime claims are conducted in accordance with the provisions on vessel arrest. According to Article 222 of the Shipping Law, requests for vessel arrests are submitted Indonesia Shipping Law – Maritime Claims

Indonesia Omnibus Law – Changes to the Shipping Law Hint at Smoother Sailing for Business

Indonesian President Joko Widodo recently signed Law No. 11 of 2020 on Jobs Creation (the “Omnibus Law“). The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law revises various provisions in Indonesia Omnibus Law – Changes to the Shipping Law Hint at Smoother Sailing for Business

Indonesia Shipping Law – Cargo Claims

The Indonesian Commercial Code (“ICC”) provides that a carrier is liable to provide compensation for any damages arising from its failure to deliver cargo, whether partially or entirely, or any damages to the cargo, unless such damage or failure to deliver was caused by force majeure. Indonesia has not ratified the Hague/Hague-Visby/Hamburg/Rotterdam Rules. In practice, Indonesia Shipping Law – Cargo Claims