Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Author:
Indonesia | Publication | September 2019
The Indonesian Investment Coordinating Board (BKPM) enacted BKPM Regulation 5/2019 to amend last year’s implementing regulation on guidelines and procedures for licensing and facilities under Indonesia’s foreign direct investment (FDI).
The new regulation particularly includes requirements on divestment obligations for foreign direct investment companies.
The abovementioned foreign worker must be stated in the FDI company’s Articles of Association and other documents that affirms the legality of the foreign worker’s status as shareholder of the relevant FDI company.
BKPM Regulation 5/2019 further clarifies the implementation of the Online Single Submission System (OSS), a one-door online portal for business licencing that was introduced by the Indonesian government in 2018. The OSS was launched in answer to potential and current investors’ complaint on the lengthy and complicated bureaucracy in setting-up businesses in Indonesia.
The OSS system is currently undergoing further harmonization with systems at the provincial government level and further amendments to simplify the investment regime in Indonesia are expected.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023