ICC Begins Hearing of Alleged Bid Rigging Case On Road Improvement Works In Aceh Province.

Tuesday, September 26, 2023

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Jakarta (21/8) – The Indonesia Competition Commission (ICC) on August 21st, 2023, began a preliminary examination panel session on case number 08/KPPU-L/2023 concerning alleged violations of Article 22 of Law Number 5 of 1999 related to the procurement of the Peureulak-Lokop - Batas Gayo Lues Road improvement work package (P.035.11) Segment 3 (Multi-Year Contract/MYC) in… [Read More]

ICC Imposes Fines in The Case of The Tender for The Construction of The Electric Signalling System For The Double Track Railway Between Bogor – Cicurug.

Tuesday, September 26, 2023

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Jakarta (15/8) – The Indonesia Competition Commission (ICC) imposed a total fine of Rp10,973,000,000 (ten billion nine hundred seventy-three million rupiah) on PT Len Industri (Persero) and PT Len Railway Systems in Case Number 18/KPPU-L/2022 concerning Alleged Violation of Article 22 of Law Number 5 of 1999 related to the Procurement of Work for the… [Read More]

PT Agri Eastborneo Kencana Implements ICC’s Order for Improvement of Its Partnership with BTSS Cooperative in Kutai Kartanegara.

Tuesday, September 26, 2023

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Jakarta (10/08) - The Indonesia Competition Commission (ICC) has again resolved the issue of partnerships among micro, small, and medium enterprises (MSMEs). This time the partnership was carried out by PT Agri Eastborneo Kencana (PT AEK) for its partnership with around 1,100 plasma farmers who are members of the Bina Tani Sawit Sedulang (BTSS) Cooperative… [Read More]

Late Notification, ICC Fines APF Holdings I, L.P 1.5 Billion.

Monday, September 25, 2023

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Jakarta (25/9) - The Indonesia Competition Commission (ICC) imposed a fine on APF Holdings I, L.P ("APF") of Rp1,500,000,000 (one billion five hundred million rupiah) for late notification of its share takeover transaction of GCA2016 Holdings Limited ("GCA2016"). The sanction was raised in the Commission Panel Hearing to Read out the Decision on Case Number… [Read More]

ICC Fines Pon Holdings Bv For Delay Notification Of Dorel Finance US, Inc. Stock Acquisition.

Friday, September 22, 2023

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M&A | ICC
Jakarta (21/9) – The Indonesia Competition Commission (ICC) imposed a fine on Pon Holdings BV amounting to IDR 1,250,000,000 (one billion two hundred and five hundred and fifty million rupiah) for late notification of the share acquisition transaction carried out on Dorel Finance US, Inc. These sanctions were read out at the Panel Session to… [Read More]