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
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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