38 ASIAN LEGAL BUSINESS – AUGUST 2024 WWW.LEGALBUSINESSONLINE.COM On July 9, ALB, in partnership with China Tiantai Law Firm, successfully hosted the ALB & Tiantai Forum 2024: Indonesia Investment Landscape - Legal and Regulatory Updates at the Ritz-Carlton Hotel in Jakarta. The event saw nearly a hundred representatives from Chinese and local Indonesian enterprises, as well as legal professionals from both countries, engage in discussions on various hot topics related to investing in Indonesia. The forum kicked off at 2pm with a video speech by Amantha Chia, Senior Director of Thomson Reuters Legal Media Group. Chia welcomed the attendees, highlighting that the forum aimed to strengthen cross-border cooperation between China and Indonesia, helping enterprises navigate complex legal issues to better seize business opportunities. Following this, Zhang He, director of the management committee of Tiantai Law Firm, delivered an onsite address. Zhang emphasized that China is Indonesia’s largest trading partner and a major source of foreign investment. The rapidly growing trade demand and everchanging market environment present new opportunities and challenges for enterprises. This forum is a crucial part of Tiantai’s overseas plan, aimed at discussing the pain points and difficulties Chinese enterprises face in international development and enhancing Tiantai’s professional capabilities in cross-border legal services. After the opening speeches, the first sharing session of the forum began with a presentation by Jia Zongda, Senior Partner of Tiantai Law Firm Shanghai Office, titled Practical Analysis of Cross-border Investment and Financing in Indonesia. ALB JOINS HANDS WITH TIANTAI FOR INAUGURAL OVERSEAS FORUM IN JAKARTA Jia first provided an overview of relevant data on Chinese investments in Indonesia, focusing on key regions and investment models, and pointed out that nickel-iron, new energy, e-commerce, textiles, and electric vehicles are currently the most prominent sectors. He then detailed various practical legal issues from both direct and indirect investment perspectives, including foreign investment access, company establishment and governance, land systems, labor employment, anti-monopoly issues, and transaction processes for indirect investment, as well as related government approvals. Lastly, he focused on financing, sharing case studies of Chinese enterprises obtaining domestic and international financing for investments in Indonesia. The next speaker was Lia Alizia, a Partner at Indonesia’s Makarim & Taira S. Law Firm, who focused on labor law with a presentation titled Foreign-invested Enterprises’ Labor and Employment in Indonesia. Alizia provided an overview of labor and employment in Indonesia, including different employment methods for foreign enterprises, pay roll systems, tax issues, and employment contracts. She discussed the four common forms of employment in Indonesia and emphasized that hiring foreign employees requires obtaining regulatory approvals. Alizia then highlighted six types of employee benefits and the consequences of violating these rights, concluding with an explanation of contract termination, particularly focusing on legally prohibited terminations. The forum then took a break for refreshments, during which attendees and speakers engaged in lively exchanges. After the break, the forum resumed with a presentation by Ma Zhanjun, President of the Asia Pacific International Arbitration Chamber, on the topic of How Chinese Lawyers Use International Arbitration to Safeguard Chinese Enterprises Abroad. Amantha Chia, Senior Director of Thomson Reuters Legal Media Group, gave a video speech ALB & TIANTAI FORUM 2024
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