NO&T Asia Legal Review
On 12 December 2019, the Minister of State-Owned Companies issued the Decision of Minister of State-Owned Companies No. 315/MBU/12/2019 on the Organization of Subsidiaries or Joint Venture Companies of State-Owned Companies (“Decision 315/2019”), which essentially sets the moratorium for state-owned companies and their subsidiaries to establish new subsidiaries or enter into joint venture agreement with third parties.
Indonesian Law No. 19 of 2003 on State-Owned Companies defines a state owned company as a company of which all or majority of the shares are owned by the Government. Further, a subsidiary of a state-owned company is defined as a company of which the majority of the shares are owned by a state-owned company or a company that is controlled by a state-owned company (“Subsidiaries”).
Pursuant to the Decision 315/2019, the Minister of State-Owned Companies has determined the following:
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Anastasia Jessica Maureen
Long Nguyen
Rashmi Grover
Anastasia Jessica Maureen
(January 2025)
Shunsuke Minowa, Yothin Intaraprasong, Ponpun Krataykhwan, Nopparak Yangiam, Salin Kongpakpaisarn, Poonyisa Sornchangwat (Co-author)
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Ario Putra Pamungkas
Yoichi Maekawa
Anastasia Jessica Maureen
Luciana Fransiska
