IMPLEMENTATION OF PRE-NOTIFICATION IN THE COMPANY'S MERGER & ACQUISITION: PREVENTIVE ACTION ON NOTIFICATION DELAYS
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Abstract
The development of the era and intense competition stimulate business actors to make the best possible efficiency and innovation. Various business actors try to create the best business strategies and schemes to dominate the existing market share. This condition certainly has implications for more stiff business competition, which requires business actors to carry out preventive and repressive efforts to survive and maintain their business activities. One of the ways for business actors to create innovation and economic efficiency is to collaborate and synergize with other business actors to increase market power. Supervision of mergers & acquisitions is carried out in the form of notifications. The notification system adopted in the Business Competition Law in Indonesia is mandatory for post-corporate action notification (Post Notification) and before corporate action (pre-notification) through consultation with KPPU/Komisi Pengawas Persaingan Usaha (Indonesian Business Competition Supervisory Commission). However, the problem is that pre-notification is only considered an added side, not the primary obligation. It does not provide optimal preventive action compared to being an obligation. This research is a descriptive type of juridical-normative research. The type of approach used is the statutory approach and the conceptual approach.
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References
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