“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 […]
Author: Yohana Veronica Tanjung “In Indonesia, companies are entitled to endure company restructuration, including Merger and Acquisition. While these corporate actions may solely derive from a business strategy, there are multiple legal aspects that must not be overlooked.” Pursuant to the Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Law […]
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