SSEK has been recognized as one of the world’s top cross-border restructuring and insolvency practices by Global Restructuring Review (GRR) in its 2019 GRR 100 rankings. SSEK was one of only two Indonesian law firms to receive this recognition. The GRR 100 is an annual guide to the world’s leading cross-border restructuring and insolvency practices. The … SSEK Named Leading Cross-Border Restructuring and Insolvency Firm
Denny Rahmansyah, a supervising partner of SSEK\'s bankruptcy and debt restructuring practice, and Mahareksha Singh Dillon, an associate at the firm, have contributed the Indonesia chapter to the Thomson Reuters Practical Law Restructuring and Insolvency Global Guide. Denny and Mahareksha provide a high-level overview of the restricting and insolvency regime in Indonesia. They discuss, among other … SSEK Contributes Indonesia Chapter to Restructuring and Insolvency Guide
SSEK partner Dewi Savitri Reni (Vitri) was a featured speaker at a recent BPJS Ketenagakerjaan legal compliance event in Jakarta. Vitri provided an overview of Indonesian bankruptcy law and cyberlaw for an audience of BPJS Ketenagakerjaan employees. BPJS Ketenagakerjaan is an Indonesian public legal entity (badan hukum publik) that provides a mandatory social security program … SSEK Discusses Bankruptcy Law and Cyberlaw at BPJS Ketenagakerjaan Indonesia Event
Please find the SSEK Legal Alert for September 2017. The SSEK Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Legal Alert September 2017
Indonesia has had a bankruptcy law since 1905, when Staatsblad 1905 No. 217 juncto Staatsblad 1906 No. 348 Concerning Bankruptcy was enacted. In response to the 1997-98 Asian financial crisis, and the view that the 1905 bankruptcy law was out of date and irrelevant to modern commercial needs, the Government on April 22, 1998, issued … Recent Developments in Bankruptcy Law and Suspension of Debt Payments in Indonesia
Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at a one-day seminar in Seoul organized by INSOL, an international association of restructuring, insolvency and bankruptcy professionals. The seminar covered the role of insolvency practitioners in rehabilitation proceedings, cross-border insolvency in the shipping industry, the reorganization of small … Michael Carl of SSEK Featured at INSOL Seminar on Insolvency
SSEK Legal Consultants was honored three times at the 2016 ALB Indonesia Law Awards. SSEK was recognized as the Labor and Employment Law Firm of the Year and the Restructuring and Insolvency Law Firm of the Year. SSEK also won M&A Deal of the Year. Asian Legal Business, which is owned by Thomson Reuters, organized … SSEK Wins 3 Trophies at ALB Indonesia Law Awards
Michael S. Carl, an international legal advisor at SSEK Indonesian Legal Consultants, was a panelist at a recent one-day seminar in Jakarta organized by INSOL International. The seminar covered developments in the Indonesian Bankruptcy Law and key domestic issues that affect foreign creditors in Indonesia. Michael was invited to sit on a panel on trustee and … Michael Carl of SSEK a Panelist at INSOL Seminar on Indonesian Bankruptcy Law
Indonesia’s Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payment Obligations (the Bankruptcy Law) sets forth the requirements for filing a bankruptcy petition. The essential requirement is that there must be two or more creditors and at least one mature but unpaid debt for a bankruptcy action to be initiated against a … Indonesian Legal Review: Bankruptcy
By Dewi Savitri Reni and Dewi Mayangsari Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payments (the “Bankruptcy Law”) stipulates that the fees for Administrators and Receivers are decided after the bankruptcy or the Suspension of Debt Payment (Penundaan Kewajiban Pembayaran Utang or “PKPU”) is concluded. While there is some subjectivity in determining … Fee Guidelines for Administrators and Receivers in Indonesian Bankruptcy Proceedings
