Document background
The Deed of Assignment of Shares is a crucial document in Indonesian corporate transactions, used whenever there is a transfer of share ownership in an Indonesian company. It is governed by Indonesian law, particularly Law No. 40 of 2007 on Limited Liability Companies, and typically requires notarization to be legally effective. The deed is essential for various corporate scenarios including acquisitions, corporate restructuring, investment transactions, and succession planning. It must contain specific provisions required under Indonesian law, including clear identification of the parties, detailed description of the shares being transferred, consideration amount, and various warranties and representations. The document is particularly important in ensuring compliance with Indonesian foreign investment regulations when international parties are involved, and it forms the basis for updating corporate registers and obtaining necessary regulatory approvals.
