Month: November 2023

Update on Investor Staying Permit and Impacts on Corporate Matters (Part 1): Potential Acquisition Process

Update on Investor Staying Permit and Impacts on Corporate Matters (Part 1): Potential Acquisition Process Update on Investor Staying Permit and Impacts on Corporate Matters (Part 1): Potential Acquisition Process

“Upon the new regulation concerning the Investor ITAS, foreign investors must invest IDR 10 billion to have staying permit in Indonesia. It can possibly result in inadvertent acquisition process for companies.” In August 2023, the government of Indonesia has promulgated a new regulation in which it is stated that the requirements for a foreign investor […]

Knowing the Directorship Agreement in Indonesia

Knowing the Directorship Agreement in Indonesia Knowing the Directorship Agreement in Indonesia

“As one of the company’s organs, the tasks of the Board of the Directors are determined by the Articles of Association of the company, and if needed, they may engage in the Directorship Agreement.” Limited-Liability Company (“Company”) can be defined as a legal entity that take form of a capital partnership and established based upon […]

Director’s Role and Duties in Indonesia

Director’s Role and Duties in Indonesia Director’s Role and Duties in Indonesia

“In the dynamic business environment of Indonesia, a director plays a pivotal role in the future of a limited liability company. Directors are entrusted with significant responsibility in the governance and management of the company. Thus, directors must adhere to their duties and responsibilities.”  Regulated by Law No 40 Year 2007 on Limited Liability Companies […]