Indonesian regulator admits takeover mistakes
Author: | Published: 19 Nov 2008
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
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