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Ken Prasadtyo

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Ken Prasadtyo is an associate partner in Baker McKenzie's Jakarta office.
In Asia-Pacific

Indonesia: OJK Now Requires Independent and Unaffiliated Shareholders’ Approval for Public Companies’ Non-Preemptive Rights Issuances

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The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued Rule No. 14/POJK.04/2019 on Amendment to Rule No. 32/POJK.04/2015 (“POJK 32/2015”) on Increase of Capital of Public Companies With Preemptive Rights (“POJK 14/2019”). The rule came into effect on 30 April, but a copy of this rule was only been…