The Indonesian regulators changes to its takeover law
in June were ill thought-out. Companies and lawyers are
struggling to apply the revisions, and even Bapepam (Badan
Pengawas Pasar Modal) admits there are problems.
At IFLRs Capital Markets Forum on Wednesday, Herbert
Smiths David Dawborn warned delegates of the selldown
restrictions that face companies executing mandatory offers,
but suggested that rectifying reforms may be on the
Speaking to people at Bapepam, theyre a...