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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.
Indonesia | Publication | June 2022
Four weeks following the temporary export ban on palm oil announced on 27 April 2022 as reported here, President Joko Widodo announced the lifting of the temporary ban of Crude Palm Oil, Refined, Bleached and Deodorized Palm Oil, and Used Cooking Oil. This revocation was formalised under the Ministry of Trade (MOT) Regulation No. 30 of 2022, effective as of 23 May 2022.
Under this regulation, exporters can now resume the export of palm oil commodities after obtaining the Export Approval permit issued by the MOT. This new requirement was introduced by the Indonesian government to impose a domestic market obligation for palm oil products, with the aim of controlling domestic prices.
Despite the ban now effectively lifted, palm oil exporters are reportedly still facing difficulties to export pam oil as MOT Reg. 30/2022 (along with subsequent MOT Decrees) has imposed the requirement for exporters to register with the MOT’s online platform (Indonesian National Single Window), and to also submit estimates of monthly cooking oil production, expected domestic sales figures, data on contracts among suppliers, retailers and logistics companies as well as export plans.
The lifting of the export ban was generally welcomed by palm oil executives in the region – although they are objecting the complex bureaucratic procedures they now have to go through in order to export palm oil.
We will continue monitor any developments on the palm oil export regulations in Indonesia.
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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.
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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.
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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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