Review Of Laws and Decisions of the Indonesian Competition Commission on Notification Obligations
DOI:
https://doi.org/10.62951/ijlcj.v2i3.762Keywords:
Competition Law, Notification Delay, Acquisition, Sanctions, KPPUAbstract
This article examines the legal consequences of a delayed notification of a share acquisition under Indonesian competition law, focusing on the case of PT X's takeover of PT Y. The central issue is PT X's failure to report the acquisition to the Commission for the Supervision of Business Competition (KPPU) within the mandated 30-day period, as stipulated by Law Number 5 of 1999 and its implementing regulation, Government Regulation Number 57 of 2010. The notification was submitted with a significant delay of 2,023 days, a clear violation of the statutory requirements. As a result of this non-compliance, the KPPU, through its Decision No. 31/KPPU-M/2020, imposed an administrative fine on PT X amounting to IDR 1,050,000,000.00 (one billion fifty million rupiah). Beyond the direct financial penalty, the violation led to severe indirect repercussions, including significant reputational damage, which threatened to erode investor confidence and disrupt existing business relationships. The KPPU's firm and consistent enforcement in this case highlights the critical function of the post-merger notification system in Indonesia as a preventative mechanism to assess transactions that could lead to excessive market concentration. The decision underscores the legal principles of transparency, fairness, and accountability that underpin Indonesian competition law. This case serves as a powerful deterrent, signaling to all business actors that non-compliance will not be tolerated. Ultimately, such rigorous enforcement is crucial for fostering a culture of legal adherence, maintaining market integrity, and building a more transparent and competitive business ecosystem that supports sustainable economic growth in Indonesia.
Downloads
References
Anggraini, A. M. T. (2021). KEWAJIBAN NOTIFIKASI PENGAMBILALIHAN ASET PERUSAHAAN DALAM PERSPEKTIF HUKUM PERSAINGAN USAHA [Mandatory Notification for Company’s Asset Acquisition in the Perspective of Competition Law]. Law Review, 23. https://doi.org/10.19166/lr.v0i0.3263
Anisah, S., & Zaky Ridho Subakti, M. (2022). Peran Notaris dalam Mencegah Keterlambatan Notifikasi Perseroan kepada Komisi Pengawas Persaingan Usaha. Jurnal Persaingan Usaha, 2(1), 20–29. https://doi.org/10.55869/kppu.v3i-.54
Balqis, W. G. (2020). PENANGANAN PERKARA PRE-NOTIFICATION OLEH KPPU DALAM KERANGKA HUKUM PERSAINGAN USAHA DI INDONESIA. Jurnal Yustisiabel, 4(2), 140–154. https://doi.org/10.32529/yustisiabel.v4i2.644
Dewi Sugiarsih, Putri Ayu Indah Sholihah, & Sumriyah Sumriyah. (2023). Analisis Keterlambatan Pemberitahuan Pengambilalihan (Akuisisi) Saham PT Karya Prima Agro oleh PT Dharma Setya Nusantara Tbk (Studi Kasus Putusan Nomor : 34/KPPU-M/2020). Deposisi: Jurnal Publikasi Ilmu Hukum, 1(3), 95–118. https://doi.org/10.59581/deposisi.v1i3.719
Dwi Santo, P. A. F. (2011). Merger, Akusisi dan Konsolidasi dalam Perspektif Hukum Persaingan Usaha. Binus Business Review, 2(1), 423. https://doi.org/10.21512/bbr.v2i1.1149
Dwiliandari, A. F. (2021). Dilematika Pelonggaran Pengawasan Aksi Merger sebagai Kebijakan Reformasi Pemulihan Ekonomi (Vol. 1, Issue 1).
Francisca, E., Samosir, M., & Latumahina, R. E. (2023). Regulasi Notifikasi Pengambilalihan Saham dalam Perseroan Terbatas (Studi Putusan Nomor: 34/KPPU-M/2020). Jurnal Ilmiah Multidisiplin, 1(11), 371–377. https://doi.org/10.5281/zenodo.10258600
Ginting, S. B. (2015). DAMPAK HUKUM NOTIFIKASI MERGER MENCIPTAKAN PERSAINGAN USAHA YANG SEHAT. In Jurnal Law Pro Justitia: Vol. I (Issue 1). Desember.
Hassani, S., & Suherman, S. (2022). Analisis Keterlambatan Pemberitahuan Pengambilalihan Saham Ditinjau dari Hukum Persaingan Usaha Tidak Sehat (Studi Kasus Putusan Nomor 17/KPPU-M/2020). Jurnal Selat, 10(1), 60–80. https://doi.org/10.31629/selat.v10i1.4948
Hernanda, F., Njatrijani, R., & Setyowati, R. (2022). KAJIAN YURIDIS KETERLAMBATAN PEMBERITAHUAN AKUISISI SAHAM PT GLOBAL LOKET SEJAHTERA OLEH PT APLIKASI KARYA ANAK BANGSA. Diponegoro Law Journal, 11(1). https://doi.org/10.14710/DLJ.2022.33130
Jasmine, A. (2024). Notifikasi Merger Sebagai Upaya Pengawasan KPPU Berdasarkan Hukum Nasional dan Perbandingan dengan Singapura. Jurnal Interpretasi Hukum, 5(2), 1043–1052. https://doi.org/10.22225/juinhum.5.2.10430.1043-1052
M. Yogi Arie Dewanto, & Timbo Mangaranap Sirait. (2023). Perseroan Perorangan yang Melakukan Merger Pasca Putusan Mahkamah Konstitusi Terkait Undang-Undang Cipta Kerja. Binamulia Hukum, 11(1), 15–32. https://doi.org/10.37893/jbh.v11i1.303
Munawwaroh, R. L. S. (2024). Disparitas sanksi denda komisi pengawas persaingan usaha anak perusahaan atas keterlambatan notifikasi akuisisi saham: Studi putusan KPPU nomor 02/KPPU-M/2019 dan putusan KPPU nomor 05/Kppu-M/2022. UIN Sunan Gunung Djati.
Murniati, R. (2021). Ketidaktahuan Pelaku Usaha sebagai Alasan Keterlambatan Notifikasi Merger dan Akuisisi (Implementasi Peran KPPU dalam Penanganan Merger dan Akuisisi di Masa Pandemi Covid-19). Jurnal Persaingan Usaha, 1(2), 43–54. https://doi.org/10.55869/kppu.v2i.27
Rahmawati, S., Nurhayati, R., & Rahma, N. M. (2023). Urgensi Pemberlakuan Kewajiban Pre-Merger Notification Oleh Komisi Pengawasan Persaingan Usaha. JURNAL ACITYA ARDANA, 3(2), 74–84. https://doi.org/10.31092/jaa.v3i2.2560
Rizal, A. P., & Hikari, D. (2022). Akibat Hukum Putusan KPPU Nomor 05/KPPU-M/2022 atas Keterlambatan Pengambilalihan Saham. Jurnal Persaingan Usaha, 2(2), 138–146. https://doi.org/10.55869/kppu.v2i2.59
Sari, N. (2024). Analisis Pertimbangan KPPU Terhadat Keterlambatan Notifikasi Akuisisi Saham Perspektif Hukum Ekonomi Syariah. Maliyah : Jurnal Hukum Bisnis Islam, 14(1), 108–128. https://doi.org/10.15642/maliyah.2024.14.1.108-128
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 International Journal of Law, Crime and Justice
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
