Embed Size (px)
DESCRIPTION
Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement. Paul Landless and Emir Nurmansyah. 22 November 2011. Indonesian GMRA Annex. Introduction. Timeline Management - PowerPoint PPT Presentation
Citation preview
Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
Paul Landless and Emir Nurmansyah
22 November 2011
Indonesian GMRA Annex
2
Introduction
Timeline Management Project plan by project stages Expected participation and support by Core Team
Members Hot areas / areas of focus
Communication Strategy
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
3
Timeline Management
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
4
Overview of Project Stages
1. Initial Workshop (17 Oct 2011 - 22 Nov 2011)
2. Legal Compatibility Review (4 Nov 2011 – 13 Jan 2012)
3. Industry Consultation (4 Nov 2011 – 13 Jan 2012)
4. Drafting (13 Jan 2012 – 13 Apr 2012)
5. Translation (16 Apr 2012 – 4 May 2012)
6. Market Education and Training (7 May 2012 – 15 Jun 2012)
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
Initial Workshop• Meeting with the Taskforce
– Meeting with the Taskforce and delivering the workshop:
1) Project Plan and Deliverables Discussion (to highlight expected participation of Taskforce, Time Line Management, Key Risk Areas)
2) Legal Workshop to explain the GMRA Implementation Strategy, Case Studies of Other Jurisdiction, Key Business Issues
3) Strategy for Market Standards
Estimated Completion: Today (22 November 2011)
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement 5
6
Legal Compatibility Review (1)• Review of Market Survey
– ABNR to arrange for market surveys conducted by Taskforce to be translated into English and CC to review
– Taskforce to provide market survey to CC/ABNR
Estimated Completion: Completed (4 November 2011)
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
7
Legal Compatibility Review (2)• Preparation of Legal Questionnaire
– CC to prepare draft legal questionnaire for Taskforce and ABNR to review, based on experience and contents of market survey
– Taskforce to participate in discussions with CC and ABNR on legal/regulatory issues
Estimated Completion: 2 December 2011
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
8
Legal Compatibility Review (3)
• Response to Questionnaire– ABNR to provide formal responses to issues raised
in Legal Questionnaire– Taskforce to participate in discussions with
CC and ABNR on legal/regulatory issues
Estimated Completion: 14 December 2011
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
9
Legal Compatibility Review (4)• Consultation with Legal Community
– ABNR will circulate the Legal Questionnaire (with cover letter) to select members of the Indonesian legal community for their input on legal/regulatory issues
– Bapepam to provide cover letter in Bahasa Indonesia (explaining nature of Project and requesting comments) and provide list of selected members of Indonesian legal community and their contact details to CC (with target of 10- 15 top firms responding)
– Market Participants to provide input on Legal Questionnaire
Estimated Completion: 13 January 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
10
Industry Consultation (1)
• Review of Market Survey – ABNR to arrange for market surveys conducted by
Taskforce to be translated into English and CC to review
– Taskforce to provide market surveys to CC/ABNR
Estimated Completion: Completed (4 November 2011)
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
11
Industry Consultation (2)
• Identification of Key Issues – CC will consult with the Taskforce and ABNR to
identify the key issues in relation to market standards, policies and approaches as well as business, operational, accounting and tax requirements (combine with discussion of legal issues in Initial Workshop as this would reduce the overall response time towards an agreed market standard)
Estimated Completion: 25 November 2011
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
12
Industry Consultation (3)• Consultation with Market Participants
– CC will circulate the proposal on market standards to select market participants for discussion and consultation
– Bapepam to provide cover letter in Bahasa Indonesia (explaining nature of Project and requesting comments) and provide list of selected market participants and their contact details to CC (targeting various market participants in relation to non-legal market standards)
– Market Participants to provide input on proposal on market standards
Estimated Completion: 30 December 2011
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
13
Industry Consultation (4)• Establishment of Market Standard
– CC to discuss with the Taskforce and ABNR on best way to achieve market consensus on market standards. Discussions to be held with selected market participants either through conference calls or electronic mail
– Market Participants to participate in market-wide discussions on establishment of market standards for repurchase transactions
Estimated Completion: 13 January 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
14
Drafting (1)• Workshop Prior to Start of Drafting
– Combined workshop on legal and non-legal issues: CC/ABNR to highlight the outputs of Market Standards/Legal Issues and drafting strategy. At this stage all issues regarding business, taxes, accounting and legal should have been identified and will be accommodated in the drafting. Intensive participation of accounting and tax authorities to provide inputs is required
– Taskforce to organise a venue for workshop; participate in discussions with CC and ABNR and involvement of relevant accounting and tax authorities as required in discussions
– Market Participants to provide input, particularly on accounting and tax issues
Estimated Completion: 13 January 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
15
Drafting (2)
• Analysis of Results– CC to analyse results of Legal Compatibility Review
and Industry Consultation to determine list of issues to be addressed in GMRA Annex
– Taskforce to participate in discussions with CC and ABNR on draft GMRA Annex
Estimated Completion: 3 February 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
16
Drafting (3)
• Drafting of Annex– CC to prepare a first draft of the GMRA Annex– Taskforce to review draft versions of the GMRA
Annex and provide feedback
Estimated Completion: 2 March 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
17
Drafting (4)
• Consultation with Market Participants– CC to circulate first draft of the GMRA Annex
to select market participants for their input– Taskforce to provide list of select market
participants to receive first draft of GMRA Annex
– Market Participants to provide input on first draft of GMRA Annex
Estimated Completion: 23 March 201222 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication
Strategy and Expected Participation, Hot Areas and Support Requirement
18
Drafting (5)• Workshop on First Draft
– Workshop on first draft of GMRA Annex to be organised by CC/ABNR in Indonesia for legal community explaining features and approaches taken to preparing GMRA Annex and inviting comments
– Taskforce to organise a venue for workshop; participate in discussions with CC and ABNR on approach to take with workshop
– Market Participants to attend workshop and provide comments
Estimated Completion: 9 March 201222 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication
Strategy and Expected Participation, Hot Areas and Support Requirement
19
Drafting (6)• Finalisation of GMRA Annex
– CC to incorporate comments from selected market participants into the GMRA Annex to produce finalised GMRA Annex
– Taskforce to participate in discussions with CC and ABNR on final GMRA Annex
Estimated Completion: 13 April 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
20
Translation (1)
• Translation of GMRA– ABNR will arrange translation of the GMRA
into Bahasa Indonesia– Taskforce to assist ABNR with co-ordination of
translation of GMRA
Estimated Completion: 27 April 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
21
Translation (2)
• Translation of Annex– ABNR will arrange translation of final version
of GMRA Annex into Bahasa Indonesia– Taskforce to assist ABNR with co-ordination of
translation of draft GMRA Annex
Estimated Completion: 27 April 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
22
Translation (3)
• Consultation with Market Participants– ABNR will circulate the Bahasa Indonesia version of
the GMRA and Annex to selected market participants for input on quality of translation
– Taskforce to provide list of select market participants to ABNR for quality control of translation
– Market Participants to provide input on translated version of GMRA and Annex
Estimated Completion: 4 May 201222 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication
Strategy and Expected Participation, Hot Areas and Support Requirement
23
Market Education and Training (1)• Preparation of Training
– CC to collaborate with the Taskforce and ABNR to produce a set of materials to be used in market education and training of market participants in relation to the use of the GMRA Annex
– Taskforce to participate in discussions with CC and ABNR in relation to preparation of training materials
Estimated Completion: 25 May 201222 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication
Strategy and Expected Participation, Hot Areas and Support Requirement
24
Market Education and Training (2)
• Collaboration with Market Participants– CC to contact select market participants for
their input in relation to agenda of training sessions and topics to be covered
– Taskforce to provide list of select market participants to CC in relation to training sessions
Estimated Completion: 25 May 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
25
Market Education and Training (3)• Delivery of Training
– CC, the Taskforce and ABNR will co-ordinate delivery of the training sessions to market participants in Jakarta
– Taskforce to organise venues for the training sessions and advertise training sessions to market participants
– Market Participants to attend training sessions
Estimated Completion: 8 June 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
26
Market Education and Training (4)
• Delivery of GMRA Annex– CC to submit English and Bahasa Indonesia
version of GMRA Annex to the Taskforce
Estimated Completion: 15 June 2012
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
27
Communication Strategy
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
28
Communication Strategy• Updates and sharing via on-going workshops• Regular calls within Core Team Members• Welcome any suggestions
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
29
Questions?
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
30
Your Contacts
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
Paget Dare BryanPartner28th FloorJardine HouseOne Connaught PlaceCentralHong Kong SAR
T +852 2826 2459F +852 2825 8800E [email protected]
Paul LandlessConsultantClifford ChanceOne George Street19th FloorSingapore 049145Singapore
T + 65 6661 2029F + 65 6410 2288E [email protected]
Terry YangSenior Associate28th FloorJardine HouseOne Connaught PlaceCentralHong Kong SAR
T +852 2825 8863F +852 2825 8800E [email protected]
31
Philip Payne Foreign Of CounselGraha CIMB Niaga 24th FloorJl. Jend. Sudirman Kav. 58Jakarta 12190
T +62 21 2505125F +62 21 2505001, 5121, 5122,5392E [email protected]
Emir NurmansyahPartnerGraha CIMB Niaga 24th FloorJl. Jend. Sudirman Kav. 58Jakarta 12190
T +62 21 2505125F +62 21 2505001, 5121, 5122,5392E [email protected]
Your Contacts
22 November 2011Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
32
A premier law firm in Asia Pacific with deep ties to leading local players
Our lawyers advise a diverse client base including domestic and multi-national corporates, banks and other financial institutions, governments and other regulatory bodies, and international partnerships.
We have been active in the Asia Pacific region for more than 50 years:
– with eight offices across the region and more than 400 lawyers in Bangkok, Beijing, Hong Kong, Perth, Shanghai, Singapore, Sydney and Tokyo
– practising English, US, Hong Kong, Japanese, Singapore, Thai and Australian law and providing local law advice in all offices, where the regulatory framework permits, and working with local lawyers in other jurisdictions
– receiving one of the first Qualifying Foreign Law Practice licences issued by the Singapore Government, allowing us to provide Singapore law advice
– with a joint marketing and cooperation arrangement with VILAF-Hong Duc in Vietnam
– creating strong working relationships with local law firms in Malaysia, Indonesia, the Philippines, South Korea and elsewhere in Asia Pacific
– providing a multilingual service to reflect the nature of the region.
22 November 2011
Worldwide contact information 33* offices in 23 countries
*Clifford Chance also has a co-operation agreement with Al-Jadaan & Partners Law Firm in Riyadh
Abu DhabiClifford Chance9th FloorAl Sila TowerSowwah SquarePO Box 26492Abu DhabiUnited Arab EmiratesTel +971 (0)2 613 2300Fax +971 (0)2 613 2400
Bucharest Clifford Chance BadeaExcelsior Center28-30 Academiei Street12th Floor, Sector 1Bucharest, 010016RomaniaTel +40 21 66 66 100Fax +40 21 66 66 111
IstanbulClifford ChanceKanyon Ofis Binasi Kat. 10Büyükdere Cad. No. 18534394 LeventIstanbulTurkeyTel +90 212 339 0001Fax +90 212 339 0098
MoscowClifford ChanceUl. Gasheka 6125047 MoscowRussian FederationTel +7 495 258 5050Fax +7 495 258 5051
RomeClifford ChanceVia Di Villa Sacchetti, 1100197 RomeItalyTel +39 06 422 911Fax +39 06 422 91200
WarsawClifford ChanceNorway Houseul. Lwowska 1900-660 WarszawaPolandTel +48 22 627 11 77Fax +48 22 627 14 66
AmsterdamClifford ChanceDroogbak 1A1013 GE AmsterdamPO Box 2511000 AG AmsterdamThe NetherlandsTel +31 20 7119 000Fax +31 20 7119 999
DohaClifford ChanceQFC BranchSuite B, 30th floorTornado TowerAl Funduq StreetWest Bay PO Box 32110DohaState of QatarTel +974 4491 7040Fax +974 4491 7050
KyivClifford Chance75 Zhylyanska Street01032 KyivUkraineTel +380 44 390 5885Fax +380 44 390 5886
MunichClifford ChanceTheresienstraße 4-680333 MunichGermanyTel +49 89 216 32-0Fax +49 89 216 32-8600
São PauloClifford ChanceRua Funchal 418 15th Floor04551-060 São Paulo SPBrazilTel +55 11 3019 6000Fax +55 11 3019 6001
Washington, D.C.Clifford Chance2001 K Street NWWashington, DC 20006 - 1001USATel +1 202 912 5000Fax +1 202 912 6000
BangkokClifford ChanceSindhorn Building Tower 321st Floor130-132 Wireless RoadPathumwanBangkok 10330ThailandTel +66 2 401 8800Fax +66 2 401 8801
DubaiClifford ChanceBuilding 6, Level 2The Gate PrecinctDubai International Financial CentrePO Box 9380DubaiUnited Arab EmiratesTel +971 4 362 0444Fax +971 4 362 0445
LondonClifford Chance10 Upper Bank StreetLondon, E14 5JJUnited KingdomTel +44 20 7006 1000Fax +44 20 7006 5555
New YorkClifford Chance31 West 52nd StreetNew York, NY 10019-6131USATel +1 212 878 8000Fax +1 212 878 8375
ShanghaiClifford Chance40th FloorBund Centre222 Yan An East RoadShanghai 200002ChinaTel +86 21 2320 7288Fax +86 21 2320 7256
BarcelonaClifford ChanceAv. Diagonal 68208034 BarcelonaSpainTel +34 93 344 22 00Fax +34 93 344 22 22
DüsseldorfClifford ChanceKönigsallee 5940215 DüsseldorfGermanyTel +49 211 43 55-0Fax +49 211 43 55-5600
LuxembourgClifford Chance2-4 place de ParisB.P. 1147L-1011 LuxembourgGrand-Duché de LuxembourgTel +352 48 50 50 1Fax +352 48 13 85
ParisClifford Chance9 Place VendômeCS 5001875038 Paris Cedex 01FranceTel +33 1 44 05 52 52Fax +33 1 44 05 52 00
SingaporeClifford ChanceOne George Street19th FloorSingapore 049145SingaporeTel +65 6410 2200Fax +65 6410 2288
BeijingClifford Chance33/F, China World Office 1No. 1 Jianguomenwai DajieChaoyang DistrictBeijing 100004ChinaTel +86 10 6535 2288Fax +86 10 6505 9028
FrankfurtClifford ChanceMainzer Landstraße 4660325 Frankfurt am MainGermanyTel +49 69 71 99-01Fax +49 69 71 99-4000
MadridClifford ChancePaseo de la Castellana 11028046 MadridSpainTel +34 91 590 75 00Fax +34 91 590 75 75
PerthClifford ChanceLevel 12, London House216 St Georges TerracePerth, Western Australia 6000AustraliaTel +618 9262 5555Fax +618 9262 5522
SydneyClifford ChanceLevel 16No. 1 O'Connell StreetSydney NSW 2000AustraliaTel +612 8922 8000Fax +612 8922 8088
BrusselsClifford ChanceAvenue Louise 65 Box 21050 BrusselsBelgiumTel +32 2 533 5911Fax +32 2 533 5959
Hong KongClifford Chance28th FloorJardine HouseOne Connaught PlaceHong KongTel +852 2825 8888Fax +852 2825 8800
MilanClifford ChancePiazzetta M.Bossi, 320121 MilanItalyTel +39 02 806 341Fax +39 02 806 34200
PragueClifford ChanceJungmannova PlazaJungmannova 24110 00 Prague 1Czech RepublicTel +420 222 555 222Fax +420 222 555 000
TokyoClifford ChanceAkasaka Tameike Tower, 7th Floor17-7 Akasaka 2-ChomeMinato-ku, Tokyo 107-0052JapanTel +81 3 5561 6600Fax +81 3 5561 6699
Riyadh(Co-operation agreement)Al-Jadaan & Partners Law FirmPO Box 3515, Riyadh 11481Fifth Floor, North TowerAl-Umam Commercial CentreSalah-AlDin Al-Ayyubi StreetAl-Malaz, RiyadhKingdom of Saudi ArabiaTel +966 1 478 0220Fax +966 1 476 9332
33
Clifford Chance, 28th Floor, Jardine House, One Connaught Place, Hong Kong© Clifford Chance 2011Clifford Chance
HKG-1-917359-v1
www.cliffordchance.com
Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement
