We are delighted to share that our Partner, Ken Prasadtyo, Associate Partner, Kevin Yehezkiel, and Associate, Cindy Caroline, have contributed to the chapter on Initial Public Offerings in the 8th edition of Lexology In-Depth. Their chapter explores Indonesia’s IPO landscape, covering regulatory frameworks, IDX requirements, and compliance obligations. It highlights recent trends, notable IPOs,… Continue reading Lexology In-Depth: Initial Public Offerings (8th Edition, 2024) – Indonesia by TnP Law Firm
Category: Publication
Chambers Acquisition Finance 2024 Global Practice Guide
We are pleased to inform that our Partner, Ken Prasadtyo and Frans Sihasale, Associate Partner, Brahmantyo Jatiwidianto, and Senior Associate Afif Alfaruqi, have contributed to the 2024 edition of Chambers and Partners’ Acquisition Finance Guide for Indonesia. The guide provides insights and overviews of the legal landscape relating to acquisition financing such as leveraged buyouts,… Continue reading Chambers Acquisition Finance 2024 Global Practice Guide
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
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
The Initial Public Offerings Law Review: Indonesia Edition 6th, by TJAJO & Partners
Our Partner, Ken Prasadtyo, and Senior Associate Kevin Yahezkiel contributed the Indonesia chapter to The Initial Public Offerings Law Review (6th Ed, 2022), published by Law Business Research Ltd. Indonesia’s IPO market trends have been positive despite the slump during the covid-19 pandemic in the past two years. This chapter provides an analysis on pre-IPO considerations, an update… Continue reading The Initial Public Offerings Law Review: Indonesia Edition 6th, by TJAJO & Partners
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
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