TnP Law Firm

NEW CARBON EXCHANGE IN INDONESIA

On 2 August 2023, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 14 of 2023 on Carbon Trading on Carbon Exchange (“POJK 14/2023”), which came into effect on the date of its issuance. The issuance of POJK 14/2023 constitutes as one of Indonesia’s commitments in addressing climate change that was… Continue reading NEW CARBON EXCHANGE IN INDONESIA

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

Our Article in iflr.com concerning M&A Report 2021 in Indonesia

This article describes our team look at the M&A report in 2021 which includes insight on the market overview, Covid-19 and recovery plans, legislation and policy changes, market norms, public and private M&A, and M&A predictions in 2021. For complete article please visit here.   Author from TnP: Rambun Tjajo, Melissa Butarbutar and Kevin Yehezkiel Share… Continue reading Our Article in iflr.com concerning M&A Report 2021 in Indonesia

Client Alert: New Rules on Go Private

After a long time being left unregulated, go private finally has codified rules to follow. Financial Services Authority (“OJK”) has issued a new regulation No.3/POJK.04/2021, dated 22 February 2021 on The Organization of Capital Market Activities (“POJK 3/2021”) which has a specific section dedicated to go private activities.   POJK 3/2021 outlines three possible scenarios… Continue reading Client Alert: New Rules on Go Private

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

Client Alert: IDX Issued a New Listing Rule

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

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