Year Category: 2019

New Merger Control Rules in Indonesia: Mandatory Notification of Asset Acquisitions

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By Indrawan Dwi Yuriutomo On October 2, 2019, Indonesia\'s Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha or \"KPPU‚Äù) issued Regulation No. 3 Year 2019 regarding Assessments of Mergers or Consolidations of Business Entities or Acquisitions of Company Shares which May Result in Monopolistic and/or Unfair Business Competition Practices (\"Reg. No. 3‚Äù). Asset Acquisition An … New Merger Control Rules in Indonesia: Mandatory Notification of Asset Acquisitions

SSEK Acts for Ovolo Group in Bali Resort Acquisition

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SSEK has assisted Ovolo Group, an award-winning luxury boutique hotel brand headquartered in Hong Kong, with the acquisition of a resort hotel in Bali. Ovolo acquired Citadines Kuta Beach Bali, an upmarket serviced apartment/hotel development located near the popular tourist areas of Seminyak and Legian. This is the group’s first property outside of Hong Kong … SSEK Acts for Ovolo Group in Bali Resort Acquisition

Indonesia Considers Opening Investment Opportunities for Foreign Hospitals

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Indonesia is said to be considering changes to the so-called Negative List that would ease the way for the establishment of foreign hospitals here. What are these changes and what would they mean to investors?   The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”), Thomas Lembong, said on February … Indonesia Considers Opening Investment Opportunities for Foreign Hospitals

SSEK Leads Training Sessions for Pertamina

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SSEK recently led separate training sessions for new legal officers at PT Pertamina, the Indonesian state-owned oil and natural gas corporation. SSEK partner Dewi Savitri Reni (Vitri) and Indrawan Dwi Yuriutomo, as associate at the firm, led a session on joint venture agreements and M&A transactions. Vitri led a second session on liquidation, bankruptcy and … SSEK Leads Training Sessions for Pertamina

SSEK Partners Lead Indonesia Business Law Webinar for Japanese Companies

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SSEK Legal Consultants partners Rusmaini Lenggogeni and Syahdan Z. Aziz gave a webinar on Indonesian business law for Japanese companies. The webinar, \"Managing an Indonesian Subsidiary,‚Äù looked at the legal regime for setting up and managing subsidiaries in Indonesia. Rusmaini and Syahdan covered topics including business vehicles for foreign investment in Indonesia including representative office … SSEK Partners Lead Indonesia Business Law Webinar for Japanese Companies

Indonesia Real Estate Transactions – Soil Pollution or Environmental Contamination

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By Denny Rahmansyah If soil pollution or environmental contamination is already present when the buyer in a real estate transaction in Indonesia becomes the legal owner of the land, it is possible the buyer will be responsible for such pollution or contamination, unless the buyer can prove that it did not cause the pollution or … Indonesia Real Estate Transactions – Soil Pollution or Environmental Contamination

Michael Carl of SSEK Discusses Investment in Indonesia at China Mining Conference

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Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was a featured speaker at the recent China Mining conference in Tianjin. Michael was part of the \"Mining Cooperation Forum on the Belt and Road‚Äù session. He gave a presentation on the investment climate in Indonesia in the wake of China\'s Belt and … Michael Carl of SSEK Discusses Investment in Indonesia at China Mining Conference

Labor and Employment Law in Indonesia – Hiring

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The Indonesian Labor Law provides that each employee shall be entitled to equal treatment from the employer without discrimination. Each employee has the same rights and opportunities to obtain a decent job and live­lihood without discrimination by sex, ethnic group, race, religion or political orientation, in accordance with the interests and abilities of the employee, … Labor and Employment Law in Indonesia – Hiring

Corporate Governance in Indonesia – Types of Decisions Made by Governing Bodies

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By Rusmaini Lenggogeni Pursuant to the provisions set out in the Indonesian Company Law, the Board of Directors (BOD), Board of Commissioners (BOC) and shareholders of companies in Indonesia have separate duties and func­tions. The members of the BOD are the day-to-day operat­ing officers of the company. The Company Law gives the BOD the right … Corporate Governance in Indonesia – Types of Decisions Made by Governing Bodies

Indonesia Looks to Accelerate Battery Electric Vehicle Program

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On August 18, 2019, Indonesian President Joko Widodo enacted Presidential Regulation No. 55 of 2019 regarding the Acceleration of Battery Electric Vehicle Programs for Road Transportation (“PR 55/2019“). This regulation is intended to outline the measures that will be taken by the Indonesian government to promote and accelerate the implementation of various battery electric vehicle … Indonesia Looks to Accelerate Battery Electric Vehicle Program