On 11 July this year, the Indonesian Financial Services Authority (OJK) issued the long awaited OJK Regulation No. 11 of 2023 on Spin-off of Sharia Units of Insurance Companies and Reinsurance Companies, which replaces the provisions on sharia unit spin-off of insurance and reinsurance companies in OJK Regulation No. 67/POJK.05/2016 on Licensing and Institution of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies.
Gerrit Jan KleuteBrowsing
Gerrit is a counsel at the Baker McKenzie Amsterdam and has recently been with HHP Law Firm in Jakarta, a member firm of Baker & McKenzie International. Gerrit has more than 15 years of experience assisting multinational clients in cross-border transactions in both Asia and Europe. He specializes in M&A transactions with an Indonesian angle, acting for both private equity and strategic parties. Gerrit works across different sectors and industries. In addition, to M&A work Gerrit advises also on corporate restructurings.