New Merger Control Rules Which Will Apply in Indonesia
Although it is included in Indonesia’s annual national legislation program (Program Legislasi Nasional/Prolegnas) so far, the draft new Indonesian Competition Law which will replace Law No. 5 of 1999 on The Prohibition against Monopolistic Practices and Unfair Business Competition (the “Competition Law”), has not been passed.
The Indonesian Business Competition Supervisory Board (Komisi Pengawas Persaingan Usaha/”KPPU”) has been pushing for the proposed changes to the Competition Law, including among others, those regarding merger control, to be issued as soon as possible. In theory, the new merger control provisions should come into force upon the issuance of the relevant implementing regulation.