Corporate Acquisitions and Mergers in Indonesia

Name: Corporate Acquisitions and Mergers in Indonesia
Brand: Wolters Kluwer
Price: 62.99 EUR
Availability: OnlineOnly

Idwan Ganie Arum Tarina(Autor*in)

Wolters Kluwer (Verlag)

Erschienen am 25. September 2023

136 Seiten

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978-94-035-1787-2 (ISBN)

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Inhalt

Cover
Half Title
Title
Copyright
Contents
List of Abbreviations
Important Links
1 LOCAL ECONOMIC, POLITICAL, AND CULTURAL ASPECTS
1.1 Country Profile
1.1.1 Geographical Location
1.1.2 Population and Population Growth
1.1.3 Language
1.1.4 Currency
1.1.5 Natural Resources
1.1.6 Employment Cost and Availability of Labour
1.1.7 Physical Infrastructure: Road, Rail Links, Ease of Travel
1.2 Government and Political System
1.2.1 General Political Environment
1.2.2 Environment for Investors and Entrepreneurs
1.2.3 Interlinking with Global Financial and Trade System
1.3 Legal System
1.3.1 Indonesian Legal System
1.3.2 Law Enforcement
1.4 Current Economic Aspects
1.4.1 Growth Rates of the Economy
1.4.2 M&A Trends
1.5 Main Industries
1.5.1 Key Sectors
1.5.2 Foreign Investment
1.5.3 The Role of the State in the Economy
1.6 Cultural Aspects
1.6.1 Investment Climate
1.6.2 Exchange of Gifts
2 THE REGULATORY FRAMEWORK
2.1 Business Vehicles in Indonesia
2.1.1 The Forms of Business Vehicle
2.1.2 The Main Compliance Obligations on Registration and Reporting
2.1.3 Minimum Share Capital Requirements of PT PMA
2.1.4 Management Structure of the PT
2.2 Laws Affecting M&A
2.3 Relevant Regulatory Authorities
2.3.1 Ministry of Law and Human Rights
2.3.2 Indonesia Coordinating Investment Board (BKPM)
2.3.3 Financial Services Authority (OJK)
2.3.4 The Commission for the Supervision of Business Competition (KPPU)
2.3.5 Industry-Specific Regulators
2.3.6 Local Government (Provincial and/or Regency/City)
2.4 Controls/Restrictions on Foreign Investment
2.4.1 Restriction on Foreign Investment
2.4.2 Foreign Ownership Restrictions
2.4.3 Formal Approvals
2.4.4 Restriction on Foreign Directors or Managers
2.4.5 Restrictions on a Foreigner or Foreign-Owned Company Owning Land, Mining/Mineral Rights
2.5 Incentives for Foreign Investment
2.5.1 Grants or Investment Incentives Available to Foreign Investors
2.5.2 Special Tax Exemptions
2.5.3 Special Economic Zones, Free Zones or Other Regions Offering Special Investment Incentives
2.5.4 Government Guarantees Against Expropriation or Nationalization
2.5.5 Payment of Dividends Abroad and Repatriation of Profits
2.5.6 Financing Options for Acquisitions in Indonesia
2.6 M&A under the Company Law
2.6.1 Shareholder Approval
2.6.2 Directors' Duties
2.6.3 Form of Consideration
2.6.4 Financial Assistance
2.6.5 Security Interests
2.6.6 Completion Formalities
2.6.7 Costs and Fees
2.6.8 Dividends
2.6.9 Purchase of Own Shares
2.6.10 The Corporate Veil
2.6.11 Insolvency
2.6.12 Choice of Law
2.7 M&A for Public Companies
2.8 Other Relevant Laws and Due Diligence Issues
2.8.1 Environmental, Social and Governance (ESG)
2.8.2 Anti-corruption Laws
2.8.3 Money Laundering Regulations
2.8.4 Environmental Laws
2.8.5 Product Safety Laws
2.8.6 IPR Laws
2.8.7 Agents and/or Distributors
2.8.8 Valuation of Intangible Assets
2.8.9 'Change of Control' Clauses
2.9 The Due Diligence Process
2.9.1 The Concept of a Full Due Diligence Investigation Involving Commercial, Financial, Tax, Property, Environmental and Other Issues
2.9.2 Investigation or Obtaining Certificates of Title in Relation to Property Due Diligence
2.9.3 Environmental Audits
2.9.4 Data Rooms
2.9.5 Legislative Issues Versus 'Due Diligence' Investigation
2.9.6 Case Study in the Context of Due Diligence and Planning
2.9.7 The Relationship Between the Formal Due Diligence Process and the Imposition of Contractual Representations, Warranties and Indemnities
2.10 Role of the Courts
2.10.1 The Role of the Courts
2.10.2 Other Relevant Dispute Resolution Mechanisms in Indonesia
2.10.3 The Judiciary
2.10.4 The Time Generally Taken to Get a Case Heard
2.10.5 The Enforceability of Key Contractual Provisions
3 MERGER CONTROLS & ANTITRUST/COMPETITION ISSUES
3.1 Relevant Legislation and Competent Authorities
3.2 Scope of the Controls
3.3 Process/Mechanics
4 TAXATION ASPECTS
4.1 Nature of the Tax Regime
4.2 Liability to Tax
4.2.1 Tax Subject
4.2.2 Permanent Establishments
4.2.3 The Main Taxes That Potentially Apply to a Business Vehicle Taxable in Indonesia
4.2.4 Tax Incentives
4.3 Tax Consolidation: Group Relief of Gains and Losses
4.4 Tax Considerations Arising on M&A Transactions
4.4.1 Corporate Income Tax on Capital Gains
4.4.2 Stamp Duty
4.4.3 Price Values
4.4.4 Tax Clearance Letters
4.4.5 Tax Losses
4.4.6 Mechanism to Mitigate Transaction Risk
4.4.7 Acquisition Expenses
4.5 Structuring the Investment
4.5.1 Withholding Taxes
4.5.2 Debt Financing
4.5.3 Thin Capitalization
4.5.4 Transfer Pricing
5 EMPLOYMENT CONSIDERATIONS
5.1 Legislative Framework
5.2 Employment Protection
5.2.1 Employment Protection Legislation in Indonesia
5.2.2 The Regulation on Termination of Individual Employment Contracts
5.3 Pensions
5.4 Non-compete Clauses
5.5 Treatment of Foreign Workers
6 ACCOUNTING TREATMENT
7 FUTURE DEVELOPMENT
7.1 Key Recent Developments, Issues and Trends Relating to M&A Activity in Indonesia
7.2 Developments That Need to Be Anticipated Soon Which Are Likely to Affect How M&A Transactions Are Conducted in Indonesia
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