The Indonesia Stock Exchange (IDX) issued a new listing rule on 21 December 2021 (“New Listing Rule”). This New Listing Rule introduces: (i) a new free float definition; (ii) new requirements for an initial listing and maintaining listing on the IDX; and (iii) new procedures and requirements for transferring the listing of a listed company… Continue reading Client Alert: IDX Issued a New Listing Rule
Author: adminTnP
Kevin Yehezkiel Listed Among Indonesia Rising Stars 2022 by Asian Legal Business
We are happy to announce that Asian Legal Business has honored our Senior Associate, Kevin Yehezkiel as one of Indonesia Rising Stars 2022. In its fourth annual list, Asian Legal Business spotlights Indonesian lawyers under the age of 40 who have been leaving their mark in the industry and gaining plaudits from the clients in the process. To read… Continue reading Kevin Yehezkiel Listed Among Indonesia Rising Stars 2022 by Asian Legal Business
Client Alert: MULTIPLE VOTING RIGHTS SHARES FOR TECH START-UPS INITIAL PUBLIC OFFERING
On 1 December 2021, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 22/POJK.04/2021 (“POJK 22/2021”), which allows prospective public companies that are tech start-ups to have a share classification with multiple voting rights (“MVS”). This rule would allow start-up founders to retain certain control over the company and protect their… Continue reading Client Alert: MULTIPLE VOTING RIGHTS SHARES FOR TECH START-UPS INITIAL PUBLIC OFFERING
Seasoned Capital Market and M&A Partner Joins TJAJO & Partners
TJAJO & Partners welcomes seasoned capital market and M&A partner Ken Prasadtyo from Hadiputranto, Hadinoto & Partners (Baker & McKenzie International’s member firm in Indonesia), as part of the Firm’s continuous efforts to bolster its bench strength and its transactional capabilities. Ken specializes in capital market, mergers and acquisitions, and financial services. He has more… Continue reading Seasoned Capital Market and M&A Partner Joins TJAJO & Partners
CLIENT ALERT
Subsequent to the issuance of Law No. 11 of 2020 on Job Creation on 2 November 2020 (“Omnibus Law”), which amended Law No. 25 of 2007 on Investment (“Investment Law”), the government issued the Presidential Regulation No. 10 of 2021 on Investment Business Activities (“PR 10/2021”). PR 10/2021 comes into effect as of 4 March… Continue reading CLIENT ALERT