All members of the board of directors of limited liability companies in Indonesia, whose primary duty is to carry out the day-to-day operations of the company and to represent the company, must perform their duties in good faith, for the best interest of the company and in accordance with the purposes and objectives of the … Corporate M&A in Indonesia – Duties of Directors
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law, among other things, … Indonesia Omnibus Law – Simplification of Business Licensing and Investment Requirements
There is nothing in the law that prohibits anti-takeover devices. Notwithstanding this, Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law) protects the interests of minority shareholders; minority shareholders who do not agree with the takeover can request the target company to purchase their shares at a fair price. Every shareholder is … Corporate Governance in Indonesia – Corporate Control
Protections for shareholders and/or minority shareholders under the Indonesian Company Law are as follows: A shareholder can file a claim at the district court against the company if they suffer unfair and unreasonable losses as a consequence of resolutions of the general meeting of shareholders (GMS), board of directors (BOD), or board of commissioners … Establishing a Business in Indonesia – Shareholders and Voting Rights
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia The Omnibus Law revises various provisions … Indonesia Omnibus Law – Changes to the Halal Products Law
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law revises various provisions in laws across numerous sectors, including Law No. … Indonesia Omnibus Law – Changes to the Company Law
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
A bid is made public in the case of either a mandatory tender offer (MTO), which follows a change of control, or a voluntary tender offer (VTO). Before the offeror can proceed with either, he or she must announce their intention to the public. The announcement must be reviewed by the Indonesian Financial Services Authority … Corporate M&A in Indonesia – Disclosure
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, introduces … Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements
