ICC IMPOSES A SANCTION AGAIN ON TRAVEL CIRCLE INTERNATIONAL (MAURITIUS) LTD..

Monday, May 3, 2021

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Decision | M&A | ICC
Indonesia Competition Commission (ICC) imposed a sanction for the second time this year on Travel Circle International (Mauritius) Ltd., for making a delayed notification again of the share acquisition conducted. This time, the acquistion of shares was conducted to DEI Holdings Limited. For this violation, The Commission Council in its Commission Council Hearing for the… [Read More]

ICC HANDS DOWN A SENTENCE ON PT SARATOGA INVESTAMA SEDAYA, TBK. IN ACQUISITION NOTIFICATION DELAY CASE.

Monday, May 3, 2021

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Decision | M&A | ICC
Indonesia Competition Commission (ICC) sentenced PT Saratoga Investama Sedaya, Tbk. (SRTG) in the form of fine of IDR 1 billion because it had been legally and convincingly proven to make delayeded notification of the share acquisition of PT Wana Bhakti Sukses Mineral (WBSM). The fine was read out in the Commission Council Hearing for the… [Read More]

ICC IMPOSES SANCTION OF IDR1 BILLION ON ORIX CORPORATION.

Monday, May 3, 2021

Tags :

Decision | M&A | ICC
Indonesia Competition Commission (ICC) imposed a sanction on Orix Corporation for delayed notification of the acquisition of PT Sinar Mitra Sepadan Finance. The Commission Council in its today's Commission Council Hearing for the Reading out of Decision imposed a sanction in the form of fine of IDR1,000,000,000 (one billion rupiah) on Orix Corporation for such… [Read More]