29 October 2020
The Omnibus Law on Job Creation (“Omnibus Law”), that was approved by Indonesia’s House of Representatives on 5 October 2020, amends five articles under Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Competition Practices (“Competition Law”). The Competition Law is the primary legislation covering various anti-trust prohibitions, prohibited conduct and merger control, and authorises the Indonesian Competition Commission (Komisi Pengawas Persaingan Usaha or “KPPU”) to issue (and enforce) decisions that are also subject to District Court and Supreme Court appeal. Among other things, the Omnibus Law has amended the procedure to appeal against KPPU decisions and removed the maximum administrative fine amounts that KPPU can impose so that there is now no upper limit on monetary penalties that can be imposed on offenders of various Competition Law provisions.
This is an extract of an article by Soemadipradja & Taher, an Indonesian law firm with which Allen & Gledhill has a strategic alliance. To read the full article from the Soemadipradja & Taher website www.soemath.com, please click here.