30 August 2021
The Indonesia Competition Commission (“KPPU”) recently introduced new guidelines on fines for competition law violations in KPPU Regulation No. 2 of 2021 on Guidelines on Imposing Fines for Monopolistic Practices and Unfair Business Competition (“New KPPU Reg”). The New KPPU Reg implements Government Regulation No. 44 of 2021 on the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition, which was issued in February 2021.
The New KPPU Reg provides additional details and guidance on potential KPPU fines that can be imposed on individuals or business entities that violate competition law (“Businesses”), minimum fine amounts and certain factors KPPU must consider when determining fines. Guidance is also provided for Businesses wishing to appeal against a fine or request fine payment flexibility.
This is an extract of an article by Soemadipradja & Taher, Allen & Gledhill’s network firm in Indonesia. To read the full article from the Soemadipradja & Taher website www.soemath.com, please click here.