By Ira A. Eddymurthy and Callista Putri Mayari To generally calm the market from its consistent downward volatility amid the global coronavirus pandemic, the relevant Indonesian government authorities have taken several actions. These include (i) the suspension of all short selling transactions implemented by the Indonesia Stock Exchange (“IDX”) and (ii) the introduction by the Indonesian Financial Services […]
As a result of the serious economic disruptions from COVID-19, many employers in Indonesia may be forced to reduce costs for the foreseeable future. What options are available to employers under Indonesian employment law? Salary Cuts and Unpaid Leave Employers that want to avoid terminations as much as possible can pursue the option of reaching […]
On 10 October 2019, the Indonesian government has issued the Government Regulation No. 71 of 2019 (GR 71/19) which revokes the Government Regulation No. 82 of 2012 (GR 82/12) on Organization of Electronic Systems and Transactions. To read the full article, please click here
In this April edition, our Legal Insight provides an executive summary of Indonesia’s new regulations enacted in January 2020–March 2020. We have classified the list of regulations to numbers of sectors such as general sector, employment, banking and financial services, etc. We hope you have good reading and should you have any views, please do […]
SSEK Legal Alert is a monthly survey designed to keep our clients up to date with the latest legal developments in Indonesia. To subscribe, visit our website at www.ssek.com. GENERAL Presidential Regulation (“PR”) No. 76 of 2019 dated November 13, 2019, regarding Ratification of the Agreement Between the Republic of Indonesia and the Republic of […]
By Michael S. Carl and Mahareksha S. Dillon 1. Is force majeure a recognised concept and how is it defined? Yes, the concept of force majeure is recognized in the Indonesian Civil Code (the “ICC”). However, the concept as formulated in the ICC is relatively unspecific in comparison to what is generally found in contemporary international legal practice. As […]
Dear clients, In response to the rapidly evolving situation with COVID-19, SSEK has put in place measures to promote the health and safety of our colleagues and our community, while continuing to deliver world-class legal services to our clients. We have postponed all events, seminars and training, restricted domestic and international travel, and are making […]
By Ira A. Eddymurthy and Callista Putri Mayari To generally calm the market from its consistent downward volatility amid the global coronavirus pandemic, the relevant Indonesian government authorities have taken several actions. These include (i) the suspension of all short selling transactions implemented by the Indonesia Stock Exchange (“IDX”) and (ii) the introduction by the Indonesian Financial Services […]
It has been 3 weeks since the first confirmed Covid-19 case in Indonesia on 2 March 2020. We note that the Indonesian Government altogether with the Regional Government has been trying to implement various new measures daily to keep up with the constantly changing situation. Thus, we strongly advise all clients to closely monitor the […]
By Stephen Igor Warokka and Manika Jashan Sadarangani On 11 March 2020, the World Health Organization (“WHO”) officially announced that COVID-19 had become a global pandemic. Following this announcement, as with many other countries, Indonesia enacted regulations to govern the traffic of individuals entering and leaving the country. These regulations specifically mandate limitations and exceptions for the […]
As a result of the serious economic disruptions from COVID-19, many employers in Indonesia may be forced to reduce costs for the foreseeable future. What options are available to employers under Indonesian employment law? Salary Cuts and Unpaid Leave Employers that want to avoid terminations as much as possible can pursue the option of reaching […]
The electronic money and wallets trends are currently emerging in Indonesia. We note that 40 e-wallet applications have been registered at Indonesia Central Bank/Bank Indonesia (“BI”) as of 10 February 2020. Please find our commentary on the main keys of the transnational e-wallet transactions. To read the full article, please click here