Author: Felicia Cindy Hanubrata “Holding companies and venture capital are permitted activities for foreign direct investment; however, their activities, requirements and conditions for their establishment vary.” Holding Company, its establishment and permits A holding company is a company that controls the assets of a group of subsidiary companies. Their main activity is ownership of the […]
“Conducting an acquisition may result in employee termination. As the result of the termination of an employee for the company’s acquisition, the company shall give severance pay, tenure awards, and compensation per enacted law and regulation. Uniquely, there are conditions when the acquisition leads to changes in the work requirements, and the employee does not […]
“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 […]
“ Although Company Law does not define the definition of Minority Shareholders, however in practice, Minority Shareholders are Shareholders who do not own a large number of shares in a Limited Liability Company.” Shareholders are one of the main elements in a Limited Liability Company. Shareholders have rights, obligations and interests that are protected in […]
“In practice, legal due diligence is necessary for multiple reasons, e.g., provide information related to a certain transaction or to be provided to an outside party. Therefore, it is recommended for a company to gather understanding as to the necessity of a legal due diligence.” Based on Professional Standards of Capital Market Legal Consultant Association […]
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