Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Leo Wisnu Susapto, Andin Aditya Rahman
The Commission for the Supervision of Business Competition (KPPU) has added new requirements for corporate mergers and acquisitions (M&As) via KPPU Regulation No. 2 of 2013 (Regulation), which is an amendment to KPPU Regulation No. 13 of 2010.
Ahmad Djunaidi, Head of Public Relations at KPPU, stated in a press release, Friday (10/5), that the Regulation has been signed by the Head of KPPU Nawur Messi on 5 April 2013.
He explained that the essential difference in the Regulation lies in the two additional document requirements for M&A notifications, namely a business plan for the next three years and data on the target market.
“Without these two documents, KPPU will not conduct assessment on the notification,” Djunaidi said.
In conducting corporate M&As, businesses must submit a notification to KPPU. Failure to submit such notification will result in IDR 1 billion administrative fine for each day of delay, with a maximum of IDR 25 billion.
Djunaidi further explained that the additional documents will also assist KPPU in conducting assessments, thus speeding up the assessment process as a whole.
“Submission of additional documents by businesses will accelerate the assessment process, therefore merger consultations and notifications will be implemented more effectively,” Djunaidi concluded.
(hot/jt)
Leo Wisnu Susapto, Andin Aditya Rahman
The Commission for the Supervision of Business Competition (KPPU) has added new requirements for corporate mergers and acquisitions (M&As) via KPPU Regulation No. 2 of 2013 (Regulation), which is an amendment to KPPU Regulation No. 13 of 2010.
Ahmad Djunaidi, Head of Public Relations at KPPU, stated in a press release, Friday (10/5), that the Regulation has been signed by the Head of KPPU Nawur Messi on 5 April 2013.
He explained that the essential difference in the Regulation lies in the two additional document requirements for M&A notifications, namely a business plan for the next three years and data on the target market.
“Without these two documents, KPPU will not conduct assessment on the notification,” Djunaidi said.
In conducting corporate M&As, businesses must submit a notification to KPPU. Failure to submit such notification will result in IDR 1 billion administrative fine for each day of delay, with a maximum of IDR 25 billion.
Djunaidi further explained that the additional documents will also assist KPPU in conducting assessments, thus speeding up the assessment process as a whole.
“Submission of additional documents by businesses will accelerate the assessment process, therefore merger consultations and notifications will be implemented more effectively,” Djunaidi concluded.
(hot/jt)