As countries around the world work to tackle the spread of Covid-19, the threat of business interruption has become real, throwing arrangements into disarray, disrupting workforce, and upsetting the global economy.
At home, the government has begun issuing various countermeasures and relief for businesses and public alike. The following is a summary of legislation and government updates issued to navigate the Covid-19 outbreak. Our team continues to assess developments, which will be issued in the weeks to come.
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KPPU Extends Closure
Further to our client update (click here to read), the KPPU has extended its closure period to 6 April 2020. According to the press release, the KPPU will commence its activities on 7 April 2020, subject to further notice.
All case hearings will be rescheduled starting from 7 April 2020. To comply with the government's call for social distancing, the KPPU may hold a virtual hearing to read a decision.
In contrast to the previous release, the KPPU will freeze all timeline for merger control activities and the timeline will only be resumed from 7 April 2020 onwards. This means that the statutory deadlines for merger filing, clarification and assessment will be extended by 14 business days.
AHP Client Alert is a publication of Assegaf Hamzah & Partners. It brings an overview of selected Indonesian laws and regulations to the attention of clients but is not intended to be viewed or relied upon as legal advice. Clients should seek advice of qualified Indonesian legal practitioners with respect to the precise effect of the laws and regulations referred to in AHP Client Alert. Whilst care has been taken in the preparation of AHP Client Alert, no warranty is given as to the accuracy of the information it contains and no liability is accepted for any statement, opinion, error or omission.