Karya Ilmiah
SKRIPSI (6402) - Imposition Of Administrative Sanctions In The Form Of Merger Annulment On Anti-Competitive Transactions
The Indonesian Competition Commission (KPPU) has the authority for merger control, overseeing and assessing transactions for anti-competitive behavior. Despite having the power to nullify transactions as a form of administrative sanction, the KPPU has never found any violations of the Indonesian Competition Law of 1999. Additionally, existing competition law do not provide guidance on the mechanism, procedure, or form of merger annulment, along with the sanction potentially facing legal, practical and business challenges. This research employs the statute and conceptual approaches to analyze the characteristics of merger annulment to study the potential difficulties in its implementation. It further uses the case and comparative approaches to juxtapose this issue with the United States (US) experience and ultimately derives a solution from such comparison. The analysis finds that a merger annulment renders the transaction null and void, in that it is considered to have never materialized and all legal effects stemming from the
transaction must be reverted (restitutio ad integrum). With the present legal lacunae in this respect, the implementation of this sanction remains difficult. Meanwhile, this research finds that the Federal Trade Commission and US courts have imposed similar remedies, primarily through dissolution or divestiture. In sum, it is proposed that Indonesia should clarify KPPU’s authority to impose this sanction through implementing regulations and adopt the US approach. Alternatively, Indonesia could change its merger control to ex ante to avoid this problem altogether.
032011133067 | 6402 | Ruang Skripsi | Tersedia |
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