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New BKPM online system will affect mining M&A transactions

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Ginting Daniel
Daniel Ginting

Managing Partner, Ginting & Reksodiputro in association with Allen & Overy

Jakarta

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Dwitiasrini Desi
Desi Dwitiasrini

Counsel, Ginting & Reksodiputro in association with Allen & Overy

Jakarta

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Yosal Risnan
Risnan Yosal

Associate ,Ginting & Reksodiputro in association with Allen & Overy

Jakarta

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30 January 2019

BKPM is moving in a new direction on certain approvals for changes to shareholder ownership in PMA mining companies.

The new rule replaces the old paper-based licences and approvals method (issued by BKPM) with submissions now being made through the Online Single Submission System.

Going forward, BKPM approval for a change of shareholder in a PMA mining company, which has traditionally been a condition precedent to closing, will need to become a condition subsequent in the form of an online submission.

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