KPPU Regulates Mandatory Notification in Relation to Asset Acquisitions

Regulation of the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha – “KPPU”) No. 3 of 2019 on Assessments of Mergers or Consolidations of Business Entities or Acquisitions of Company Shares Which May Result in Monopolistic and/or Unfair Business Competition Practices (“Regulation 3/2019”) was recently introduced and updates provisions which address the obligation of business entities to notify the KPPU of certain transactions,[1] including transactions which take the form of asset acquisitions.[2]