Merger is one solution to help improve the competitiveness of companies. However, what exactly is this merger and what makes companies do it? Understanding the Process In general, merger is a process of uniting two companies into one company name. Besides uniting companies into one, based on the Company Law, merger is also a legal…
Phase Out Coal-Fired Power Plants. The COP26 summit held in Glasgow, Scotland of the United Kingdom on 31 October – 13 November 2021 has brought the parties together to accelerate action towards the goals of the Paris Agreement and the United Nations (“UN”) Framework Convention on Climate Change. For nearly three decades, the UN has…
Determination and Calculation of the Selling Price of Coal for the Cement and Fertilizer Industry from November 1, 2021, to March 31, 2022 – It’s USD 90 FOB Vessel To ensure the fulfillment of coal needs as raw material/fuel for the domestic cement and fertilizer industry, the Minister of Energy and Mineral Resources (“MEMR”) issued…
Carbon tax provisions are regulated in Article 13 of the Law 7/2021 in which carbon tax will be imposed on entities producing carbon emissions that have a negative impact on the environment. Legal Basis: Law No. 7 of 2021 regarding Harmonization of Tax Regulations (“Law 7/2021”) Legal Analysis: A. General Provisions of Carbon Tax In…