Year Category: 2017

Legal Alert December 2017

Please find the SSEK Legal Alert for December 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 December 2017  

SSEK Named Asian-MENA Counsel In-House Community Firm of the Year for Indonesia

SSEK Legal Consultants has been recognized as an Indonesian Law Firm of the Year in multiple practice areas in Asian-MENA Counsel’s 11th annual survey of in-house counsel in Asia and the Middle East. SSEK was recognized as a 2017 Firm of the Year for Energy & Natural Resources, and Real Estate/Construction. The firm received honorable SSEK Named Asian-MENA Counsel In-House Community Firm of the Year for Indonesia

Indonesian Central Bank Regulates Financial Technology

Indonesia’s central bank has for the first time issued a regulation designed to deal with financial technology (“fintech”) in general. Bank Indonesia (“BI”) Regulation Number 19/12/PBI/2017 regarding the Provision of Financial Technology, dated November 30, 2017 (“Reg. 19/2017”), was made public by BI on December 7. The stated aim of Reg. 19/2017 is to regulate Indonesian Central Bank Regulates Financial Technology

Data Protection in Indonesia

Article 28(G) of the 1945 Constitution is considered as the basis for more specific data privacy legislation in Indonesia. Article 28(G) provides that every person has the right to: (i) protection of their personal selves, families, respect, dignity and possessions under their control; and (ii) security and protection from threat of fear for doing, or Data Protection in Indonesia

A Guide to Retirement Plans & Schemes

SSEK Legal Consultants has contributed the Indonesia chapter to a new Asia Regional Guide to Retirement Plans & Schemes. The guide provides a brief overview of the laws relating to the regulation of retirement plans and schemes in 16 countries. Each chapter summarizes the country’s social security system and employer-sponsored broad-based plans/schemes. Key areas covered A Guide to Retirement Plans & Schemes

SSEK Looks at Insurance and Reinsurance in Indonesia

SSEK founding partner Ira A. Eddymurthy and associate lawyer Maria Yudhitama have contributed the Indonesia chapter of the Insurance and Reinsurance Global Guide 2017/18. The guide is published by Thomson Reuters Practical Law. Ira and Maria provide a high-level overview of the trends and regulatory framework in the Indonesian insurance and reinsurance market. They look SSEK Looks at Insurance and Reinsurance in Indonesia

Joint Ventures in Indonesia

By Ira A. Eddymurthy and Nico Mooduto There are various laws and regulations that govern the terms that can be included in joint venture (JV) agreements in Indonesia, including Law No. 40 of 2007 regarding Limited Liability Company (the “Company Law”) and the Indonesian Civil Code. There are additional regulations for JVs operating in certain Joint Ventures in Indonesia