Strategies and Best Practices Firms Should Adopt in Compliance with Business Competition Law: The Role of Cybercrime in Indonesian Perspective

Firms that aim to acquire a competitive advantage over their closest rivals frequently engage in anti-competitive and unfair commercial activities. Multiple firms rely on competition laws to safeguard their customers legally. The business competition legislation helps enterprises/SMEs build their market and business strategies more efficiently; nevertheless, not all firms implement an in-house compliance program that could benefit from the competition law. They are uninformed of the prerequisite tactics and practices that can contribute to competitive advantage and long-term viability. This article aimed to explore the scope and aims of Indonesia's competition strategy in light of the country's expanding trade and investment regime (Lloyd, 2000). The study evaluated the Indonesian competition laws and regulations in the context of a normative competition law theory framework and the execution of competition law provisions. Cases assessed by the Business Competition Supervisory Commission (KPPU) were also mentioned as evidence of alleged competition law violations. The study employed a documentation survey and exploratory research methodology to determine the applicable national, and international business competition laws and the underlying regulations companies must adhere to in terms of labor and wages, competition, trade tariffs, health and safety, the environment, and data protection. The research will have a positive social influence on the working relationships between SMEs and their stakeholders. The Commerce Competition Supervisory Commission's restricted authority may impact Indonesia's antitrust laws, especially those about the online industry (buying and selling). This article discusses and analyzes the competition laws in effect in Indonesia to safeguard consumer and societal interests.