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Indonesia's Single Presence Policy for the banking sector
4 April 2013
Publication
Since 2006, the policy of the Indonesian government has been to make the Indonesian banking system more competitive by reducing the large number of Indonesian banks through a
process of consolidation. This was achieved through the introduction of a Single Presence...
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Bank Indonesia tightens rules on ownership of Indonesian banks
27 July 2012
Publication
Until recently, Indonesia has had a liberal policy on the ownership of its banks, allowing any single investor (including a foreign investor) to acquire up to 99% of an Indonesian commercial bank. This was due, in part, to the Indonesian government's bail-out...
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Clifford Chance/FinanceAsia Asian M&A Survey 2011
9 December 2011
Publication
Despite current uncertainty, Asia Pacific M&A advisers are predicting relatively positive prospects for the region's acquisition markets in the year ahead.
Most respondents to this year's Clifford Chance/Finance Asia M&A Survey expect an increase in the...
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Greater regulatory oversight by ESCA of M&A transactions in the UAE securities broking industry
19 September 2010
Publication
The UAE Securities and Commodities Authority ("ESCA") is expected to introduce greater regulatory oversight for M&A transactions in the UAE securities broking industry
According to an ESCA press release issued on 13 September 2010, the recently reconstituted...
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Greater regulatory oversight by ESCA of M&A transactions in the UAE securities broking industry
19 September 2010
Publication
The UAE Securities and Commodities Authority ("ESCA") is expected to introduce greater regulatory oversight for M&A transactions in the UAE securities broking industry
According to an ESCA press release issued on 13 September 2010, the recently...
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Accessing Saudi Securities – the New Circular Gives Greater Clarity
29 April 2010
Publication
A common feature of the legal regimes across the Gulf Co-Operation Countries is their restrictions on foreigners' ownership rights whether of real or other property. Shares in companies are not immune to this, with GCC laws limiting and, in some cases, prohibiting...