This article aimed at expressing ideas on a legal construction of competition merger review (CMR) on Cross-border Mergers and Acquisitions (CBMA ii) Hybrid Test Two; iii) Hybrid Test Three; and Hybrid Test Four). Out of these seven methods of CMR, I consider to choose the SLC Test as the method for reviewing CBMA 2) the substantive norms for constructing CMR in the methods of SLC Test for CBM&A transactions in Indonesia should take into account the national law regime: company law, merger law, investment law including the existing public interest. In addition to that, the principles of certainty, efficiency, transparency, and proportionality should also be considered. Thus, I recommend to enact a SLC Test Guideline in order to strengthen the legal review of CBM&A proposals for supporting FSBC, to maintain dynamic, secure, and stable national economy and development.

中文翻译：

---

印度尼西亚跨境并购的竞争并购审查

本文旨在表达对跨境并购（CBMA ii）混合测试二中竞争并购审查（CMR）的法律构建的想法；iii) 混合测试三；和混合测试四）。在这七种 CMR 方法中，我考虑选择 SLC Test 作为审查 CBMA 的方法 2) 印度尼西亚 CBM&A 交易的 SLC 测试方法中构建 CMR 的实质性规范应考虑国家法律制度：公司法、合并法、投资法，包括现有的公共利益。除此之外，还应考虑确定性、效率、透明度和相称性的原则。因此，我建议制定 SLC 测试指南，以加强对支持 FSBC 的 CBM&A 提案的法律审查，以保持动态、安全、