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08 August 2014
The Indonesia Deposit Insurance Corporation (LPS) recently issued the new Regulation on Procedures to Sell Shares of Failing Banks (1/PLPS/2014), which replaces Regulation 2/PLPS/2011. The new regulation provides clearer and more thorough information regarding procedures to sell shares of failing banks.
The new regulation includes the following provisions:
Notably, the following requirements are no longer in place:
For further information on this topic please contact Hafez Aditya Komar at Ali Budiardjo, Nugroho, Reksodiputro by telephone (+62 21 250 5125), fax (+62 21 250 5121) or email (email@example.com). The Ali Budiardjo, Nugroho, Reksodiputro website can be accessed at www.abnrlaw.com.
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