Regional Round-up
Issue 2 of 2023

Your Snapshot of Key Legal Developments in Asia

ISSUE 2 - APR/MAY/JUN 2023

Cover Story

INDONESIA

New Regulations Relax Criteria for Foreign-to-Foreign Merger and Charge Filing Fees for Merger Notification

The Indonesia Competition Commission (“KPPU“) has introduced a new merger control regulation, KPPU Regulation No. 3 of 2023 on the Assessment of Merger, Consolidation, or Acquisition of Shares and/or Asset that could Result in Monopolistic and/or Unfair Business Competition Practices (“New Merger Regulation“), which came into effect on 31 March 2023.

Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.