Global Private M&A Guide - Limited External Content

Indonesia

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Damages, knowledge
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Damages, knowledge Start Comparison
Is there an obligation to mitigate damages?

Frequency/market practice: Fairly common; it is common to request but is not required by law.

Is there an exclusion of consequential damages?

Frequency/market practice: Fairly common; if Indonesian law is used, usually only direct damages (foreseen) are recoverable.

Are provisions that there is no liability if the buyer has knowledge common, or does buyer knowledge have no effect?
Frequency/market practice: It is fairly common for the warranties (but not indemnities) to be qualified by the buyer's knowledge.
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