On March 2025, the M&A practice team of METALAW have contributed to the 9th Edition of The
Legal 500 Tax Comparative Guide specifically in the Indonesia Chapter, published by The Legal 500 which has been analysing law firms across the world. Under this publication, METALAW provides overview of merger and acquisition laws in Indonesia which covered 28 questions in a Q&A format provided.
This publication answers 28 topics describing the current condition of merger and acquisition regulations and activities in Indonesia. The issues discussed in this publication mainly focuses on:
The key regulations governing merger and acquisition transaction in Indonesia (including the key regulatory authorities), depending on the investment status and the type of the company.
Development and current state of Indonesian market, which includes an overview on prevailing licensing regime, current trending industry, and significant factors influencing M&A activity in Indonesia over the next two years.
Acquisition of publicly traded company, along with: (i) regulation and exception of mandatory tender offer; (ii) formula to determine the consideration price in a mandatory tender offer; (iii) certain mandatory disclosures; (iv) type of information to be disclosed to public; (v) voluntary tender offer.
Access towards information regarding target company which is publicly available.
Customary due diligence undertaken in Indonesia for M&A transactions.
Principal procedures for M&A transactions, which include: (i) prior approval from general meeting of shareholders; (ii) disclosure in the form of mandatory announcement to creditors and employees (if target company is a publicly listed company, additional disclosure would be required); (iii) rights of minority shareholders; (iv) payment of consideration.
Clauses customarily drafted in M&A’s transaction documents which are relevant to acquirer’s interests (such as conditionality clause, representation & warranty, exclusivity, governing law, etc).
Formalities required to document and legally transfer shares of a private and public company, including regulation on taxes and duties.
Rights of minority shareholders under the relevant regulations if an acquirer decides to acquire minority shares in a target company.
The publication of this Comparative Guide of The Legal 500 by METALAW M&A Practice Team provides answers to the current frequently asked questions in relation to the M&A activities in Indonesia. METALAW has also contributed to several other articles which discussed Indonesia’s current trend and development of law in Conventus Law.
For further information, please contact:
MetaLAW, Legal & Tax Consultant, Jakarta, Indonesia
general@metalaw.id
