SUPREME COURT CONFIRMS DECISION OF ICC ON PT SARANA FARMINDO UTAMA.

Friday, March 5, 2021

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M&A | ICC
The Indonesia Competition Commission (ICC) was won by the Supreme Court in a Cassation filed by PT. Sarana Farmindo Utama (SFU) on the Decision of ICC which decided the delayed conduct case in the notification of acquisition transaction as conducted by the company. The information was obtained from the official report of notification of the… [Read More]

ICC DECIDES BID RIGGING CASE OF SWIMMING POOL CONSTRUCTION IN KANDANGAN, SOUTH KALIMANTAN.

Friday, March 5, 2021

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ICC managed to prove the existence of bid rigging and handed down a Decision on Phase II Swimming Pool Construction work procurement case in Kandangan, Hulu Sungai Selatan, South Kalimantan. ICC decided that the business actors being the Reported Parties were guilty of comitting a conspiracy through pseudo-competition and imposed penalty and prohibition for participating… [Read More]

CENTRAL JAKARTA DISTRICT COURT CONFIRMS DECISION OF ICC ON BID RIGGING IN THE PROCUREMENT OF DRINKING WATER SUPPLY SYSTEM IN BANDAR LAMPUNG CITY.

Friday, March 5, 2021

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Central Jakarta District Court upholds Decision of the Indonesia Competition Commission (ICC) and turns down the application for Objection lodged by Reported Parties on Decision of ICC No. 14/KPPU-L/2019 regarding Alleged Violation of Article 22 of Law Number 5 Year 1999 (Law 5/1999) in Tender of Public Private Partnership Projects (PPP) with regard to the… [Read More]

GARLIC PRICE HAS THE POTENTIAL TO RISE, GOVERNMENT NEEDS TO ANTICIPATE STOCKS.

Friday, March 5, 2021

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ICC | Garlic
The Indonesia Competition Commission (ICC) predicts that there will be a potential increment in the price of garlic commodities at the end of March or in the beginning of April 2021 if there is no additional supply (for example, through the realization of imports) of the commodity in the beginning of this year. Such potential… [Read More]

ICC REGIONAL OFFICE II MONITORS PRICES IN 5 PROVINCES TO PREVENT ANTICOMPETITIVE CONDUCT IN BEEF TRADE.

Friday, March 5, 2021

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The Indonesia Competition Commission (ICC), especially Regional Office II domiciled in Bandar Lampung City, found indications of an agreement among Bandar Lampung meat traders to make an adjustment to meat prices at consumer level in Bandar Lampung City as of the incoming January 21. The agreement was found in the form of circular letter issued… [Read More]

ICC IMPOSES A IDR22 BILLION FINE ON PT. CONCH SOUTH KALIMANTAN CEMENT.

Friday, March 5, 2021

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ICC | Cement
The Indonesia Competition Commission (ICC) decided that PT. Conch South Kalimantan Cement (CONCH) as the Reported Party in Case No. 03/KPPU-L/2020 was proven to have violated Article 20 of Law Number 5 Year 1999 in the sales of Portland Composite Cement (PCC) type in the South Kalimantan region in an online hearing for the reading… [Read More]

ICC DECIDES TENDER CASE IN NORTH HALMAHERA.

Friday, March 5, 2021

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The Indonesia Competition Commission (ICC) decided the Case of Alleged Violation of Article 22 of Law Number 5 Year 1999 regarding Tender for the Development of the Ngajam - Apulea Segment III Road (Ngajam Village – Apulea) at the Working Unit of the Public Works and Spatial Planning Office of North Halmahera Regency for the… [Read More]

Overseas M&A Transactions Have to be Mandatorily Notified, ICC Tries a Case with a Business Actor Abroad.

Thursday, March 4, 2021

Tags :

M&A | ICC
Jakarta & Mauritius (18/2) - ICC held another Continued Examination hearing on Case Number 22/KPPU-M/2020 regarding Alleged Delay in the Notification of Share Acquisition of Asian Trails Holding Ltd by Travel Circle International (Mauritius) Limited. This case constitutes a case of delayed notification of mergers and acquisitions conducted by the Reported Party overseas. Such foreign… [Read More]