Document background
The Shareholder Support Agreement serves as a critical document in Indonesian corporate transactions where ongoing shareholder commitment is essential for a company's operations or project success. It is particularly vital in cases where external lenders or stakeholders require formal assurance of continued shareholder support, common in project finance, infrastructure development, or significant corporate expansions. The agreement details the nature, extent, and conditions of support commitments, ensuring compliance with Indonesian corporate law and investment regulations. This document type is especially relevant when companies require additional financial security beyond their existing capital structure, or when lenders require extra comfort regarding the long-term commitment of major shareholders. The agreement must be structured to comply with Indonesian language requirements under Law No. 24 of 2009 and consider foreign investment restrictions where applicable.
