The Indonesian Competition Authority imposes penalties on three companies for lodging merger filings up to eight years too late (Orix / Saratoga Investama Sedaya / Dharma Satya Nusantara)

On 5 April 2021, the Indonesian Competition Commission ("KPPU") imposed fines totalling IDR 3.2 billion (approximately USD 221,000) on one Japanese and two Indonesian companies for failing to notify their respective transactions in a timely fashion. Key takeaways The Indonesian merger regime requires notifiable transactions to be submitted 30 days post-closing. Failure to meet filing deadlines could result in fines of at least IDR 1 billion being imposed. It is not unusual for the KPPU to

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  • Ashurst (Singapore)
  • Ashurst (Brisbane)

Quotation

Angie Ng, Candice Upfold, The Indonesian Competition Authority imposes penalties on three companies for lodging merger filings up to eight years too late (Orix / Saratoga Investama Sedaya / Dharma Satya Nusantara), 5 April 2021, e-Competitions April 2021, Art. N° 100962

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