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Let's talk antitrust: Discussing recent cases and emerging competition issues
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Global | Publication | July 2016
The Indonesian Government has issued Presidential Regulation No. 44 of 2016 on the List of Business Fields Closed or Conditionally Open to Investment (New Negative List).
Every few years the Government updates the ‘negative list’ for investment, essentially a list of lines of business that are (a) closed to investment, (b) open to investment, or (c) open to investment with certain conditions.
This year, the changes under the New Negative List focus on protecting micro, small and medium enterprises (MSMEs) and cooperatives, and on simplifying the lines of business that are conditionally open to investment. Overall, 45 business lines, previously closed to foreign investment or requiring a special permit, have been liberalised, and permitted foreign ownership has increased in 44 other business lines. Below we highlight some of the changes by industry sector.
Long-anticipated by investors, the New Negative List implements the 10th Economic Package announced by President Jokowi earlier this year, and is generally consistent with that announcement. It sends a generally positive signal from the Government that Indonesia is becoming more open to investment, both domestic and foreign.
Video
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Publication
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
Publication
On 18 September 2023, the CMA published its Initial Report (Initial Report) on AI Foundation Models (FM), supplemented in April 2024 with the publication of its “Update Paper” focused on potential antitrust risks associated with FMs and a “Technical Update Report” providing more detail on the development on FMs (collectively the “Reports”). Below, we consider these CMA publications.
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