Various types of corporate actions may result in criteria for monopolistic and/or unfair business competition practices (e.g. mergers, consolidations, acquisitions of shares and/or assets) being applied. In this regard, mandatory notifications of the following types of corporate actions must be provided: 1) Meeting of the asset and/or sales value threshold; 2) Changes of control; 3) Transactions that are not classified as transactions between affiliated business actors , etc.

Quick examinations of cases may be implemented by panels during preliminary proceedings, meaning that the advanced proceedings phase will not take place. In this regard, quick examinations may only take place in relation to the following matters: 1) Defendants that confess to having committed violations of Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Competition Practices; and/or 2) Other suspected violations, based upon KPPU approvals or verdicts

These new provisions state that BUMN may be allocated special assignments by the central government that relate to general contributions, as well as to national research and innovation

While no major changes have been made to the formal, material and other requirements that have to be met in order to be appointed to the Upper Managements of Enterprises, this new Regulation has now removed the maximum age requirement that applies to individuals that are looking to become members of Subsidiary BoDs. Moreover, in order to be reappointed as BUMN BoD members, any such members who have been deemed capable of carrying out their duties adequately during their time in office may be exempted from having to undergo fit-and-proper testing

Significant corporate activities of BUMN, as set out under this regulation, encompass the following: 1) Additional state equity participation; 2) Restructuring; 3) Mergers, consolidations, acquisitions, spinoffs, dissolutions and liquidations; 4) Privatization; 5) BUMN cooperation; 6) Procurement of BUMN goods and services; 7) Write-offs and transfers of fixed BUMN assets; and 8) BUMN hedging

This new regulation applies to children of dual citizenship ("Children") who fall into the following categories, among others: 1) Children born of legal marriages of parents with different citizenships (Indonesian and foreign); 2) Children born outside of marriage, who are acknowledged by their fathers (who are Indonesian citizens) as their children before said children turn 18 years of age; 3) Children born outside the territory of Indonesia whose parents are Indonesian citizens

The limitation on the foreign ownership of companies operating within certain business sectors does not apply in relation to business licensing within IKN

Requests for Leniency must be submitted along with supporting data that takes the form of business entity financial reports that cover the previous three years and which address the following areas: 1) An analysis of the cashflow of the relevant company during the submission period, as well as a written statement affirming that the relevant companys cashflow will be disrupted by any obligation to pay a fine; 2) Cashflow plan, which should include a proposal that addresses the payment of the relevant fine in installments or during a certain timeframe; and 3) Written statement that sets out an analysis of a proposed fine payment method that is most suitable, in accordance with the financial abilities or business activities of the relevant company

In terms of the consistent and sustainable implementation of the PMPJ, the offices of Class II auction officials and auction houses, as auction organizers, may request the assistance of third parties

The Agreement grants each member state of the Special Union, including Indonesia, the right to utilize the Classifications, whether as their main or an additional Classification system. The authorities of said member states must state the number of classes that their Classifications feature as part of any official documents and publications that relate to the registration of goods and services as trademarks