Year Category: 2013

Legal Alert October 2013

Please find attached the latest Legal Alert for October 2013. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert October 2013

Legal Alert September 2013

Please find attached the latest Legal Alert for September 2013. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert September 2013

Microfinance Institutions Move Out of Regulatory Black Hole

Microfinance Institutions (“MFIs”) play an important role in Indonesia, dispensing financial support to people and small businesses that might not have qualified in the traditional banking system. Until recently MFIs largely operated without a comprehensive regulatory framework to guide their operations, and with little supervision. After a long wait the Government has issued a framework Microfinance Institutions Move Out of Regulatory Black Hole

Legal Alert June 2013

Please find attached the latest Legal Alert for June 2013. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert June 2013

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

Bank Indonesia Regulates Trust Services

By Maria Yudhitama Eka Dewi Bank Indonesia has issued a regulation to improve the competitiveness of local banks in providing trust services, basically the management of assets. In particular, the new regulation is addressed to oil and gas companies operating in Indonesia, which keep much of their foreign exchange proceeds outside of the country, utilizing Bank Indonesia Regulates Trust Services

Legal Alert May 2013

Please find attached the latest Legal Alert for May2013. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert May 2013

The Effect of Decree 40: Foreigners Are Banned from the Human Resources Arena in Indonesia

Foreign and foreign-owned enterprises represent some of the largest employers in Indonesia. Accordingly, some foreign companies expressed consternation when, on February 29, 2012, the country’s Ministry of Manpower and Transmigration issued Decree No. 40 of 2012 on Certain Positions that Are Restricted for Foreign Workers (the “Decree”). The Decree, among other things, lists 19 positions that The Effect of Decree 40: Foreigners Are Banned from the Human Resources Arena in Indonesia

Legal Alert April 2013

Please find attached the latest Legal Alert for April 2013. SSEK’s Legal Alert is a monthly survey designed to keep you up to date with the latest legal developments in Indonesia. Click here: Legal Alert April 2013