Merger & Acquisition

In the business world, it is of course important to develop the company There are various company development methods, some of which are mergers and acquisitions. According to Article number 9 of Law Number 40 of 2007 concerning Limited Liability Companies ("LLC Law") jo. Article 109 number 1 of Law Number 6 of 2023 concerning the Stipulation of Government Regulations in Lieu of Law Number 2 of 2022 concerning Job Creation into Law ("Job Creation Law"), a merger is "a legal act carried out by one or more companies to merging with another existing company which results in the assets and liabilities of the merging company being transferred by law to the company receiving the merger and subsequently the legal entity status of the merging company ends by law.", while Article 1 number 11 of the LLC Law jo. Article 109 point 1 of the Job Creation Law defines acquisition as: "a legal act carried out by a legal entity or individual to take over company shares which results in the transfer of control over the company.".