10 August 2023
On 28 July 2023, speaking at a seminar at KPPU's head office, the competition authority's Director of Mergers and Acquisitions indicated that KPPU may consider applying a new method for calculating administrative fines taking into account the sanctioning provisions under the Government Regulation No. 44 of 2021 ("Regulation 44"). This would enable KPPU to impose fines of more than the nominal limit of IDR 25 billion set under the Government Regulation No. 57 of 2010 ("Regulation 57"), increasing the legal risks for failing to file merger notices on time.
On 28 July 2023, speaking at a seminar at KPPU's head office, the competition authority's Director of Mergers and Acquisitions indicated that KPPU may consider applying a new method for calculating administrative fines taking into account the sanctioning provisions under the Government Regulation No. 44 of 2021 ("Regulation 44"). This would enable KPPU to impose fines of more than the nominal limit of IDR 25 billion set under the Government Regulation No. 57 of 2010 ("Regulation 57"), increasing the legal risks for failing to file merger notices on time.