Comparative Guides
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Results: 4 Answers
Merger Control
7.
Penalties and sanctions
7.1
If notification is mandatory, what sanctions may be imposed for failure to notify? In practice, does the relevant authority frequently impose sanctions for failure to notify?
 
Indonesia
If the relevant party fails to meet the mandatory post-merger filing deadline, the Business Competition Supervisory Commission (KPPU) may impose a fine of IDR 1 billion for each day of delay, up to a maximum of IDR 25 billion in total.

For more information about this answer please contact: Fahrul S. Yusuf from SSEK Indonesian Legal Consultants
7.2
If there is a suspensory obligation, what sanctions may be imposed if the transaction closes while the review is ongoing?
 
Indonesia
This question is not relevant, since the filing is made post-merger.

For more information about this answer please contact: Fahrul S. Yusuf from SSEK Indonesian Legal Consultants
7.3
How is compliance with conditions of approval and sanctions monitored? What sanctions may be imposed for failure to comply?
 
Indonesia
If the KPPU issues an opinion in which there is no assumption of monopolistic or unfair business competition practices as a result of the merger, but with requirements that must be satisfied by the parties to the transaction, the KPPU will monitor implementation of the requirements set out in its opinion post-transaction. The parties may be required to submit annual reports on their market share development for three consecutive years following the issuance of the KPPU opinion.

For more information about this answer please contact: Fahrul S. Yusuf from SSEK Indonesian Legal Consultants