Overview

The capital market has always been a heavily regulated sector of the economy and is specifically addressed under Law No. 8 of 1995 on the Capital Market (“Capital-Market Law”). The Capital-Market Law sets out a large number of rules which apply to both issuers and public companies (collectively referred to as “Public Limited Companies”). However, the closely supervised nature of Indonesia’s capital-market sector has not deterred market players (“Parties”) from engaging in securities fraud in a bid to turn a profit.