Assegaf Hamzah & Partners
Founded in 2001, Assegaf Hamzah & Partners has established itself as one of the leading firms in the Indonesian legal market. The firm is headquartered in South Jakarta and has extended its presence throughout the region with its membership of the Rajah & Tann Asia network.
Focusses / specialisms
The firm excels in banking and finance, capital markets, M&A and restructuring and insolvency work and has a formidable projects practice. In addition to advising across a spectrum of traditional capital markets and banking and finance transactions, the firm has a special focus on the fintech sector and Shariah-compliant investment and financing transactions.
In M&A, the firm has experience across
the banking and financial services, energy, resources, aviation, automotive, retail, media, and technology and telecommunication
sectors. The firm also has a strong track record in representing private equity investors.
The projects team has significant experience in matters such as PPPs, production-sharing agreements, power purchase agreements, and oil and gas supply agreements.
Key clients
The firm’s extensive client list includes Asian Development Bank, JP Morgan, BlackRock, Allianz Global Investors, China Development Bank, China Communications Construction Group, Indonesia Investment Authority, Malaysia Smelting Corporation and Shiseido.
Research period review:
33rd edition (2022/2023)
During the research period, the firm was active in banking, capital markets, M&A, project development and restructuring and insolvency work.
The banking team was active for a mix of lenders and borrowers on domestic and cross-border financing.
It also advised on financial services regulatory matters.
In the capital markets area, the firm advised on debt and equity transactions. On the debt side, it mainly acted for issuers on high-yield bonds, note offerings and rights issues. On the equity side it worked for issuers on IPOs.
In M&A, the firm was mostly active on strategic deals on both buy and sell side. The deals were in the banking and energy sectors.
Projects highlights include advising the BPLJSKB Proving Ground PPP project, which was expected to be the first international standard proving ground in Indonesia.
In restructuring and insolvency, the firm acted for creditors and receivers in construction and materials sectors.
Deal highlights: 33rd edition (2022/2023)
Bukalapak and Growtheum Capital Partners’ joint venture.
GoTo Gojek Tokopedia’s IPO.
Government of the Republic of Indonesia’s $3.25 billion Sukuk offering.
Satelit Nusantara Lima’s $110 million asset finance.
Sinarmas LDA Usaha Pelabuhan’s $19.25 million acquisition finance.
Client feedback: 33rd edition (2022/2023)
Capital markets
“Assegaf Hamzah & Partners always provide their excellent deliverables in a timely manner. They deploy an adequate number of lawyers on our project, in which such lawyers are very expert in the respective area and can be reached almost at any time.”
“They provide careful and thoughtful advice.”
M&A
“Very knowledgeable. Very responsive. Provide solution not just outlining regulations.”
Ahmad Fikri Assegaf
“Very responsive and attentive to client's needs.”
Wildan Lukman
“Wildan provides timely response and is easy to access. He has good coverage on the Indonesia legal system and regulation as well as its correlation for the banking industry.”
Putu Suryastuti
“She is conservative and provides solid advice.”
“Very good knowledge to attend client's needs.”
Tunggul Utomo
“Very knowledgeable. Very hard-working.”
Bagus Enrico & Partners
Located in Jakarta, boutique firm
Bagus Enrico & Partners was founded in 2010. The firm is led by Bagus Nur Buwono who serves as managing partner.
Focusses / specialisms
The firm is recognised for its banking and finance, M&A, project development and restructuring and insolvency practices.
Sectors of activity include insurance, automotive, hospitality, banking and financial services, food and beverage, real estate and agriculture.
Key clients
Key clients include Hexa Finance Indonesia, Bank Mizuho Indonesia, Verena Multi Finance, Slow Forest Coffee, Honeywell Group, Rohas-Euco Industries and Keller Ground Indonesia.
Research period review:
33rd edition (2022/2023)
The firm was active in banking and finance, M&A and restructuring work during the research cycle.
The banking team was active on domestic work.
It also advised on financial services regulatory matters.
In M&A, the firm was mostly active on strategic deals with clients from the transportation and logistics, property,
palm oil plantation, wholesale trading and games and e-sport sectors.
The firm’s restructuring team advised clients connected to the banking and insurance industries.
Deal highlights: 33rd edition (2022/2023)
Baramulti Group, Mitrabara Adiperdana and Delta Marine Indonesia joint venture.
Rohas’ restructuring.
Slow Forest Coffee’s acquisition of Krakakoa Indonesia.
H & A Partners (in association with Anderson Mori & Tomotsune)
H & A Partners
in association with Anderson Mori & Tomotsune, which is one of the biggest law firms in Japan with multi-regional office networks throughout the Asia-Pacific region, was established in 2020.
Focusses / specialisms
Associated with Anderson Mori & Tomotsune, the firm performs consistently well in global transactions.
The firm’s strength is in M&A such as joint ventures, asset acquisitions, mergers, private acquisitions, real estate acquisitions and private equity. It also performs well in insolvency and project development advisory.
Key clients
Notable clients include Hankyu Hanshin Properties, MUFG Bank (Jakarta Branch), Fuji Electric Indonesia, Honda R&D Indonesia, Toyota Astra Motor and Hanwa Indonesia.
Research period review:
33rd edition (2022/2023)
The firm was active in banking and M&A work during the research period.
The banking team was active for a mix of lenders and borrowers on
lending. It was also highly visible in asset finance and trade finance work.
In M&A, the firm was mostly active on cross-border joint venture and
strategic deals.
In staffing changes, the firm recruited two associates - Roselyn Prima Winata from SSEK and Kalila Desi Jujane from Surya Mandela & Partners.
Deal highlights: 33rd edition (2022/2023)
Hankyu Hanshin Properties’ $334 million acquisition of Central Park Mall.
Hanwa Singapore’s mechanism of trade finance.
Client feedback: 33rd edition (2022/2023)
Restructuring
“H & A Partners provided its services in a professional manner, punctual and commercially doable.”
Steffen Hadi
“Steffen Hadi is an outstanding lawyer with extensive knowledge and experience in the legal industry. His advice is straight to the point and commercially friendly.”
Hendra Soenardi
Founded in 2004, Hendra Soenardi
is a boutique firm with an office in Jakarta.
Focusses / specialisms
The firm has extensive international experience and focuses primarily on banking and finance, corporate and M&A, projects, energy & infrastructure, and international dispute resolution.
Hutabarat Halim & Rekan Lawyers
Establishment in 1996 and located in Jakarta, Hutabarat Halim & Rekan is one of the most reputable commercial law firms in Indonesia with a global reach.
The firm’s expertise include capital markets, banking and finance, corporate, investment, M&A, privatization and development, and energy and natural resources.
In
capital markets, banking and finance, the firm represents issuers, underwriters, and investors in various on-shore and off-shore
transactions such as
listings,
bond offerings, tender offers, debt and equity restructuring of public listed companies.
In corporate, investment and M&A, the firm notably represent client in trans-border and large-scale projects.
In privatization and development, the firm is highly visible in infrastructure projects, construction and development, and commercial real estate matters.
In energy and natural resources, the firm has in-depth knowledge and experience in providing advice as well as preparing transaction documents.
Notable clients include
National Australian Bank,
Clarios Investment,
Starmarker Entertainment Technology, Johnson Controls Inc and Itron.
Research period review: 32nd edition (2022/2023)
The banking team was active for lenders on domestic and cross-border financings and
debt restructuring.
The capital markets team was particularly active on equity mandates.
In M&A the firm acted for sellers, acquirers and investors on deals in tourism, technology and telecommunications and shipping.
Deal highlights: 32nd edition (2022/2023)
Bank CIMB Niaga loan facilities restructuring
Client Feedback: 32nd edition (2022/2023)
"Well versed in Indonesian law. Professional.
Wxperienced partners"
"I have been working with HHR on Indonesian matters for as long as I can remember. HHR has worked on an outstanding list of transactions that would be the envy of any international law firm, let alone a boutique law firm from downtown Jakarta. This is precisely why HHR is worthy of mention. It is staffed with exceptionally talented lawyers who excel at delivering innovative and market-leading solutions for their clients. They represent rare gems outside the traditional A-list firms in Indonesia, with an exceptional commercial sense, extensive understanding of industry and market practices, phenomenal legal talent and ability, and the ability to foster deep relationships with their clients, across multiple industries, as their go-to and
cost effective trusted advisers. In my experience, they have consistently delivered not only the best for their clients but also pragmatic results – all while maintaining a high-degree of touch themselves. This is precisely why HHR has consistently remained my number-one firm of choice in Indonesia. If you’re tired of the same old, same old, or if you have a particularly difficult or complex problem, or if you simply need the dedication or out-of-the-box thinking that brings creative solutions to life, then HHR must be on your shortlist for any transaction."
"Experienced. Well versed in Indonesian law. Provides sound advice."
"I have been working with HHR on Indonesian matters for as long as I can remember. HHR has worked on an outstanding list of transactions that would be the envy of any international law firm, let alone a boutique law firm from downtown Jakarta. This is precisely why HHR is worthy of mention. It is staffed with exceptionally talented lawyers who excel at delivering innovative and market-leading solutions for their clients. They represent rare gems outside the traditional A-list firms in Indonesia, with an exceptional commercial sense, extensive understanding of industry and market practices, phenomenal legal talent and ability, and the ability to foster deep relationships with their clients, across multiple industries, as their go-to and
cost effective trusted advisers. In my experience, they have consistently delivered not only the best for their clients but also pragmatic results – all while maintaining a high-degree of touch themselves. This is precisely why HHR has consistently remained my number-one firm of choice in Indonesia. If you’re tired of the same old, same old, or if you have a particularly difficult or complex problem, or if you simply need the dedication or out-of-the-box thinking that brings creative solutions to life, then HHR must be on your shortlist for any transaction."
IABF Law Firm
IABF Law Firm is a pre-eminent law firm in Indonesia and has been actively providing legal services to the business communities since 2003.
Focusses / specialisms
The firm is recognised for its corporate work and covers a variety of practice areas including banking and finance, M&A, capital markets, projects, restructuring and insolvency across real estate, logistic, aviation, energy, technology and telecommunication sectors.
Key clients
Notable clients include Aviasi Pariwisata Indonesia (Persero),
Perkebunan Nusantara III (Persero) and Dentsu Aegis Network Indonesia.
Research period review:
33rd edition (2022/2023)
During the research cycle, the firm was active in banking and finance and corporate M&A areas.
The finance team was preoccupied with project finance and
Islamic finance mandates.
In M&A, the firm was very active in divestment, asset acquisitions and private acquisitions.
The deals were in the agriculture, mining and financial services sectors.
Deal highlights: 33rd edition (2022/2023)
Perkebunan Nusantara III (Persero) group restructuring.
Makarim & Taira S
Founded in 1980, Jakarta-headquartered
Makarim & Taira S is one of the most well-recognised names in Indonesia’s legal market. In 2020, it formed Drew Network Asia with Drew & Napier in Singapore and Shearn Delamore & Co in Malaysia to foster collaboration to serve the ASEAN region. The firm is also a member of World Law Group and World Services Group.
Focusses / specialisms
The firm’s core pillar is its banking and finance practice, offering a range of capabilities including project finance, Islamic finance and aviation finance. Clients include
lenders and borrowers, domestic and international banks, financial institutions and export credit agencies.
The corporate team is experienced in matters such as acquisitions, joint ventures, spin-offs and asset sales across a wide range of sectors.
The firm boasts a market-leading project development practice capable of advising clients on all aspects of the project life cycle.
The restructuring team is experienced in advising foreign banks on the restructuring and bankruptcy proceedings of local companies.
Key clients
Notable clients include Abell Foundation, Apis General Partner II, Temasek, Ferro Corporation, EastBridge Partners and Comba Telecom.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking, M&A, project development and restructuring work during the research cycle.
The banking team was active for a mix of lenders and borrowers on domestic and cross-border financing mandates. It also advised on financial services regulatory matters.
In M&A, the firm actively acted for both sellers and acquirers in private deals and investments. The deals were in different sectors including investment management, consumer goods and services, and energy.
On the project front, the firm was actively acting for project company and sponsor in the mining, energy, and oil and gas sectors.
The firm was also active in restructuring work, acting for creditors and shareholders on some domestic restructuring transactions.
Deal highlights: 33rd edition (2022/2023)
Arthur J. Gallagher & Co’s $3.25 billion acquisition of the treaty reinsurance brokerage operations of Willis Towers Watson
Freeport Indonesia’s $3 billion notes issuance.
Client feedback: 33rd edition (2022/2023)
Banking
“Makarim & Taira S. is a very reputable law firm with a deep understanding of the law as well as of the relevant sectors of business and the needs of the clients.”
M&A
“They are quite practical and really understand our wishes.”
Vincent Ariesta Lie
“He is very responsive and practical when handling the deal. He deep dives on each case.”
Lebdo Dwi Paripurno
“Lebdo is an excellent lawyer with a deep understanding of the law and the relevant areas of industry. He never misses any deadline.”
Maria H. Sagrado
“Maria is a very reputable lawyer. Maria is always responsive and has an excellent knowledge of the law as well as a deep understanding of the relevant areas of industry and of the needs of the client.”
Makes & Partners
Active since 1993, Makes & Partners excels in capital markets and has formidable banking and finance, corporate and M&A and restructuring practices. Founder and name partner Yozua Makes leads the firm as managing partner. In 2014, it strengthened its regional presence by entering into a strategic alliance with WongPartnership in Singapore.
Focusses / specialisms
The firm’s banking team is expert in advising clients on matters concerning bilateral and syndicated lending and structured financing, as well as assisting clients on transactions from both the lender’s and the borrower’s side.
The capital markets team has a depth of experience in both debt and equity matters. The corporate team often acts for private equity firms and investment houses and has a special focus on the fintech space.
Key clients
Notable clients include Plaza Indonesia Realty, Citigroup Global Markets Singapore, Summarecon Agung, Golden Energy and Resources, Profesional Telekomunikasi Indonesia and FKS Food Sejahtera.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking, capital markets, M&A, project development and restructuring work during the research cycle.
The banking team was active for a mix of lenders and borrowers on financing and refinancing work.
In the capital markets area, the firm advised on debt and equity transactions. On the debt side it mainly acted for the issuers on bond issues and note issues. On the equity side it worked for issuers on IPOs.
In M&A, the firm worked for both the buy and sell side on a wide range of sectors including forestry, agriculture, healthcare and real estate.
On the project front, the firm actively acted for a project developer in the real estate sector.
Deal highlights: 33rd edition (2022/2023)
Bundamedik’s acquisition of 100% shares in Jolin Sapta Medika.
Bundamedik’s acquisition of 35% shares in Global Sekawan Kreasi.
Kawasan Industri Jababeka’s notes issuance.
Lippo Karawaci’s $398 million syndicated loan facility.
Client feedback: 33rd edition (2022/2023)
Capital markets
“They promptly respond to any problem that we face during the bond issuance process; they also have broad insight when facing any problem so they can provide various options for each problem.”
M&A
“Makes’ approach is very deliberate and thoughtful. It has a strong understanding of Indonesia’s regulatory regime. Makes also has a strong commercial sense.”
Project development
“Strong legal advice and see from various sides.”
Bernardus Billy
“Strong legal advice and legal opinion, humble person.”
Yozua Makes
“Innovative, experienced, practical.”
Fransisca S.H
“Strong legal advice and legal opinion.”
Iwan Setiawan
“He can promptly solve any problem that arose during the issuance of bonds process. He also has a good relationship with the related institution to make the communication process done smoothly.”
“Provides very good legal advice, approachable, helpful.”
“Very practical and able to manage transactions.”
Nurjadin Sumono Mulyadi & Partners
Founded in 2006, Nurjadin Sumono Mulyadi & Partners (NSMP)
maintains an office in Jakarta. The firm extends its presence throughout the world through its strategic alliances. It has established a cooperation with Bird & Bird international law firm since 2014 and also affiliated with Wong Alliance from 2010, in particular with their Timor-Leste office.
Focusses / specialisms
The firm is recognised for corporate and M&A and restructuring work. Sectors of activity include construction, real estate banking, mining and hospitality.
The firm also has strengths in international trade, competition law, intellectual property, commercial dispute resolution and criminal litigation in labour and employment matters.
PwC Legal Indonesia
PwC Legal Indonesia (formerly Melli Darsa & Co.) was founded in 2002 with an office located in Jakarta. The firm has been a part of the PwC network of firms since 2017 and has strong cross-border capabilities with the support of Japanese, Chinese and Korean business desks.
Focusses / specialisms
The firm is strongest in capital markets and M&A and has well-established banking and project development offerings. It sits on the panels of several Indonesian blue-chip companies and multinational companies to assist with international business restructuring.
The firm often acts on high-profile capital markets deals and is experienced in acting for financial institutions.
In corporate and M&A, the firm is experienced in a variety of sectors including transport, insurance, agriculture, oil & gas, food and beverage, and real estate.
Siregar Setiawan Manalu Partnership
Siregar Setiawan Manalu Partnership
(SSMP)
was established by three founding partners, Nien
Rafles Siregar, Rudi Setiawan, and Bobby Rahman
Manalu in 2015.
The firm has an office in Jakarta.
The firm is experienced in civil litigation, bankruptcy and suspension of payment and bankruptcy proceedings, competition and antitrust litigation,
labour and employment litigation, aviation litigation, tax litigation, criminal litigation, administrative litigation.
Research period review:
33rd edition (2022/2023)
In restructuring and insolvency, the firm recently acted for both creditors and debtors and
advice extends across all aspects of contentious insolvency work, including but not limited to enforcing security,
representing risk, assessing restructuring proposals and defending corporate restructuring and reorganization.
In staffing changes,
Adestya
Subiakta was hired as senior associate and Satrio
Sapto Nugroho as middle associate in dispute resolution practice area.
Soemadipradja & Taher
Founded in 1991, Soemadipradja & Taher performs consistently well in banking and finance, capital markets, M&A and project development. The firm extends its capabilities across the region through an alliance with Allen & Gledhill.
Focusses / specialisms
In banking, the firm has experience in acting for lenders and borrowers on financing and debt restructuring.
The capital markets team has experience of advising on IPOs, bonds issues and rights issues across a range of industries.
The corporate team is often engaged to help on market entry and regulatory compliance work, while the projects team serves sponsors, government bodies and contractors in the infrastructure, mining and natural resources, oil and gas, and energy sectors.
Key clients
Notable clients include Standard Chartered Bank, United Overseas Bank, Coca-Cola Europacific Partners, Carousell, Freeport Indonesia, Bukit Asam and Millennium Challenge Corporation.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking, M&A and project development work during the research cycle.
The banking team was active for a mix of lenders and borrowers on domestic and cross-border asset finance and financing.
In M&A, the firm mostly acted for acquirers in the technology and telecommunications and energy sectors.
The firm was also active on the project front, acting for a project company and landlord on deals related to natural resources.
Deal highlights: 33rd edition (2022/2023)
Carousell’s $25 million acquisition of Laku6 Online Indonesia.
Coca-Cola Europacific Partners’ $300 million acquisition of an additional shareholding interest in Coca-Cola Bottling Indonesia.
Princeton Digital Group Data Centre’s $140 million asset finance.
UMBRA
Founded in 2017, up-and-coming law firm
UMBRA is located in Jakarta and is helmed by managing partner Pramudya Oktavinanda.
Focusses / specialisms
The firm has high-quality banking and restructuring practices and is also strong in capital markets, M&A and project development.
The banking team has expertise advising clients on regulatory matters and has also developed capabilities to cater to fintech clients.
In capital markets, the firm advises local and multinational clients, including Indonesia SOEs, on debt and equity offerings.
In M&A, the firm’s industry expertise includes technology and telecommunications, real estate, energy, mining, agriculture, retail, pharmaceuticals and healthcare.
The firm’s restructuring experience includes acting for creditors’ committees, financial institutions, funds and trustees.
Key clients
Notable clients include Euronet Worldwide, Indonesia Eximbank, Bank ICBC Indonesia, Lendable Asset Management, Bumi Resources Minerals, Sentul City, Telekomunikasi Seluler di Indonesia, Celebes Railway Indonesia and The Ministry of State Owned Enterprises.
Research period review:
33rd edition (2022/2023)
The firm’s banking work was primarily corporate finance – predominantly financing – transactions where its clients were the lenders and borrowers. The firm also advised on the lender side of Islamic financing.
The capital markets team was particularly active on equity mandates. It worked for issuers on secondary share offerings.
In M&A, the firm was active on strategic deals on both the buy and sell side.
In a landmark mandate, the firm acted for the seller on the final major tower deal in Indonesia.
A significant project finance mandate saw the firm act for the lender in one of the first geothermal projects which is being funded by an Indonesian bank.
In restructuring and insolvency, the firm recently acted for shareholders in industrials and manufacturing, and food and beverage sectors.
Deal highlights: 33rd edition (2022/2023)
Bank Syariah Indonesia’s $50 million syndicated sharia facility.
Loka Holdings’ $300 million financing.
Semen Indonesia’s rights issue.
The 145 MWac Cirata Floating Solar Power Plant.
Client feedback: 33rd edition (2022/2023)
Capital markets
“They gave our company advice regarding our company’s needs which was good and compliant.”
“UMBRA has a strong track record of involvement in numerous leading deals, major innovative high-profile domestic and international public offerings done by local, multinational and public companies. UMBRA is also experienced in handling equity and debt securities offerings where each offering has special characteristics and market practice, allowing us to assist our company in navigating through the deal until completion.”
M&A
“Creative, knowledgeable, passionate, diligent and dedicated.”
“They are responsive and gave us insights on the peculiarities of doing business in Indonesia.”
“UMBRA's lawyers are dedicated and responsive.”
Project development
“Swift and fast response when it comes to assisting us with the clients, in-depth understanding of matters.”
“They deliver legal advice that meets the client's needs, and they are aware of commercial issues.”
“Timely advice, and deep understanding of the business and industry.”
Project finance
“They have good experience, diligence, good communication, quick response.”
“Quick response, know-how on corporate legal issues, lenders concern, ability to persuade lender counsel of their argument.”
Restructuring
“Knowledge of Indonesian Law and regulations.”
Theresia Azalia
“Easy to contact, good knowledge, giving good advice.”
Pramudya Oktavinanda
“Energic, provision of innovative solutions, able to argue and persuade with lenders counsel.”
“In-depth knowledge of Indonesian laws.”
Dhea Gita Pramesti
“Responsive.”
Putu Raditya Nugraha
“Communicative, responsive, good track record.”
Poppy Rahmasuci
“Excellent corporate lawyer who is responsive and understands the client's needs.”
Christofer Ruminsar
“Christoper Ruminsar's expertise is capital markets and M&A. He's like Ahmad Zakaria's wingman, he was helpful in catering to our company's group.”
“He is a communicative lawyer and could also give our company brand new information that the company needs.”
Kirana Sastrawijaya
“Creative, knowledgeable, diligent, passionate, dedicated.”
“She is a very good lawyer with a deep understanding of law issues, especially with corporate governance issues.”
Liyanto Wijaya
“Timely advice and understanding of the market and industry.”
“Very good and responsive communications, always on hand with solutions, and provides excellent knowledge of the power sector.”
Ahmad Zakaria
“He was very helpful and well experienced in the capital market. He assisted our company group with experience in closing numerous capital market deals, he's familiar with end-to-end capital market transactions in every part.”
Walalangi & Partners in association with Nishimura & Asahi
Walalangi & Partners, founded in 2017 by managing partner Luky
Walalangi, is a domestic firm that enhanced its practice by
entering into a full association with Japan’s largest law firm Nishimura & Asahi.
The firm is
recognised for its work in banking and finance, capital markets, corporate and M&A, project development and restructuring.
Sectors of focus include real estate, technology, infrastructure,
logistics and energy.
Notable clients include
Airbus, Cool Japan Fund, Daimler AG, Denso Corporation,
Dhost Telekomunikasi Nusantara, Diamond Development Indonesia, Family Mart, Google, GS Yuasa Corporation,
Haseko Corporation, Hitachi Transport System, Hokkan Holdings Corporation, Idemitsu Kosan, INPEX and Itochu Corporation.
Research period review:
33rd edition (2022/2023)
The banking team was active on confidential mandates, while the firm was active in the equity capital markets.
The corporate team was active in acquisitions for the buy sides. The firm covered clients from different sectors including industrial and manufacturing, real estate and urban development and financial services.
In the
projects space, the team was involved in various sectors such as
logistics,
transport and telecommunication.
The firm was also active in
restructuring and bankruptcy space.
Deal highlights:
33rd edition (2022/2023)
Mitsubishi UFJ Financial Group acquisition of 100% shares of HC Consumer Finance Philippines and 85% shares of PT Home Credit Indonesia
Mitsui $115 million acquisition of Lee Soon Seng Plastic Industries
Client Feedback:
33rd edition (2022/2023)
“Luky
Walalangi and his team are responsive,
provide practical advice, are level-headed and adaptable in adjusting and improving new structures as the deal evolves.”
“Walalangi & Partners' dedicated team proposed a good solution to a deal breaking issue.”
“He is a good leader. He encourages colleagues to contribute to clients.”
“Luky
remains calm and levelheaded in
providing advice and has the experience
of knowing which avenue to take that has the
minimum amount of risk. He is adaptable to changes in transactional structure and can elevate the proposed structure to be more beneficial to the client.”
William Hendrik & Siregar Djojonegoro
William Hendrik & Siregar
Djojonegoro (WH&SD)
is a synergistic merger of two boutique corporate law firms. The firm is headquartered in Jakarta.
W&H is mostly focusing on the capital
markets, M&A and commercial litigation.
S&D is mostly focusing on banking and finance such as corporate, project, and structured finance,
M&A, infrastructure, healthcare, maritime law, and project energy.
Sectors of activity include
financial institutions, retail and consumer, healthcare, maritime, energy
and mining.
Key
clients include
Hetzer Medical Indonesia, Champ Resto,
Anagata Dhia Karya
Mandiri and
Agus
Menjangan Mas.
Research period review:
33rd edition (2022/2023)
During the review period, the firm
was responsible for several confidential
banking and project development mandates.
The capital markets team was particularly active on equity mandates such as IPOs and right issues.
In M&A the firm was active
on joint venture work in
the automotive sector.
Effective since mid-2022,
William & Hendrik
and
Siregar & Djojonegoro merged as William Hendrik & Siregar
Djojonegoro.
Deal highlights:
33rd edition (2022/2023)
PT Agung Menjangan Mas Tbk IPO
PT Hetzer Medical Indonesia Tbk IPO
Client Feedback:
33rd edition (2022/2023)
- Strong connection with regulators”
Wiriadinata & Saleh
Active since 1971, Wiriadinata & Saleh is one of the oldest commercial and corporate law firms in Indonesia. The firm initially specialised in the energy and natural resources sectors but has expanded its expertise and now provides a full range of commercial and corporate legal services.
Focusses / specialisms
The firm is active in banking, project finance, M&A, capital markets and foreign investments. Sectors of focus include aviation, banking and financial services, energy, telecommunication and infrastructure.
Key clients
Notable clients include Lion Air Group and International Finance Corporation.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking and finance, corporate and M&A, and project development work during the research cycle.
Deal highlights: 33rd edition (2022/2023)
International Finance Corporation’s financial investment.
ABNR Counsellors at Law
Active since 1967,
Ali
Budiardjo Nugroho
Reksodiputro (ABNR)
is one of Indonesia’s largest and longest established firms. It maintains an office in Jakarta and boasts exclusive Indonesian membership of Lex Mundi since 1991. Additionally, the firm is the exclusive Indonesia reporter for the International Swaps and Derivatives Association.
ABNR is best known for its banking and projects finance work and has strong offerings in capital markets, M&A, project development and restructuring.
The banking and finance team is experienced in matters such as aviation finance, cross-border syndicated and bilateral lending transactions, project financing, Islamic financing, leveraged and acquisition finance and debt restructuring.
The capital markets team represents clients as issuers and underwriters on domestic and foreign debt and equity transactions.
On the M&A front, the firm has expertise across the full spectrum of corporate and M&A work.
On the projects side, the firm has experience in working with stakeholders including government entities, developers,
financiers and sponsors.
The restructuring team has historically acted on high-profile mandates across a variety of sectors and has a special focus on the aviation sector.
Notable clients include Bank
Aladin Syariah.
ADCO Law
Founded in 2008, ADCO Law is a full service law firm located in South Jakarta. Dendi Adisuryo serves as managing partner of the firm.
The firm is
recognised for its work in the corporate and M&A and restructuring and insolvency areas.
Sectors of activity include transport, mining,
energy and construction.
Client feedback: 32nd edition (2022/2023)
"Attention to details and providing win-win wordings within the agreement between our company and our counterpart, considering the small
number of legal experts within this industry."
AKSET
Established since 2010, AKSET
has become one of the established independent firms in Indonesia
with offices in Jakarta.
Focusses / specialisms
The firm has strengths in banking and finance, M&A, capital markets, bankruptcy and restructuring, fintech, mining and energy, oil and gas, maritime and shipping, land acquisition and real estate.
The firm entered a non-exclusive cooperation with Shin & Kim, a prominent law firm in South Korea, at the end of 2019, and established their Korean desk.
ANSS Counsellors at Law
Independent law firm ANSS Counsellors at Law is headquartered in Jakarta.
Focusses / specialisms
The firm is ranked for its corporate and M&A and restructuring and insolvency work.
Sectors of activity include real estate, retail and e-commerce.
Key clients
Key clients include Modernland, Bara Jaya Utama, Social Bella International, and Sale Stock.
Armand Yapsunto Muharamsyah & Partners
Founded in 1994, Jakarta headquartered law firm Armand Yapsunto Muharamsyah & Partners is led by Arie Armand who serves as managing partner. The firm holds membership of Multilaw, a global alliance of independent full-service law firms across the world.
Focusses / specialisms
The firm has experience in banking and finance, capital markets, corporate and M&A, project development, and restructuring and insolvency.
In 2018, the firm was shortlisted for inclusion on the Committee for Acceleration of Priority Infrastructure Delivery’s panel of legal counsel.
The firm is experienced in advising clients from a variety of sectors including banking and financial services, automotive, transport and hospitality.
Key clients
Clients include HSBC, DBS Bank, Tokyo Mitsubishi Bank, Credit Suisse, Societe Generale, Bank Bukopin, Medikaloka Hermina, Ministry of Finance of the Republic of Indonesia, and Bank Permata.
Research period review: 30th edition (2019/2020)
A banking mandate saw the firm advise a financial institution on the sale of receivables.
An interesting capital markets deal saw the firm advise the Ministry of Finance of the Republic of Indonesia on the issue of sukuk.
On the corporate side, the firm acted for investees and targets on fundraisings and acquisitions.
Deal highlights: 30th edition (2019/2020)
Bank Permata sale of non-performing loans
Digiasia Bios Group series B financing
Ministry of Finance of Republic of Indonesia
sukuk issue
Budiarto Law Partnership
Budiarto Law Partnership maintains an office in Jakarta and is led by managing partner Widjojo Budiarto.
The firm is recognised for its banking and finance, capital markets, and corporate and M&A work.
Sectors of focus include
energy, natural resources and oil and gas. It is also proficient in the
agriculture, banking and financial services, transport, real estate, consumer goods and manufacturing sectors.
Research period review: 32nd edition (2022/2023)
During the review
period, the firm was responsible for several confidential banking and finance, capital market and M&A mandates in the energy, natural resources and oil and gas sectors.
Client Feedback: 32nd edition (2022/2023)
"They provide excellent service! Very communicative with quick turnaround time. Provide excellent solution and understand the client's business very well so the provided solution is spot on."
"They provide excellent service. Very communicative with quick turnaround time. Provide excellent solutions and understand the client business very well, so the provided solution can be spot on."
"He knows Indonesian law better than anyone for this region and is an excellent practitioner. He also works well under pressure and is always available."
"She is very professional and talented with positive attitude. Very responsive and has very good attention to details despite of the massive amount of documents to be reviewed and prepared. "
Budidjaja International Lawyers
Active since 2007, Budidjaja International Lawyers is a domestic full-service independent firm with its head office located in Jakarta.
Focusses / specialisms
The firm is recognised for its work in banking, M&A, project development and restructuring.
The firm has experience in advising both domestic and foreign clients in both public and private M&A transactions.
In restructuring the firm’s clients include local and multinational banks, financial institutions, as well as local and multinational companies engaging in various business sectors.
Key clients
Clients include Super Energy Group, SEAX Global, SUMS Resources, and Omnicotton.
Research period review: 31st edition (2020/2021)
In banking and finance, the firm recently acted for the borrower in an acquisition financing mandate.
The corporate team was notably active on two high-value global acquisitions, acting for the sellers.
The projects team was recently active on confidential mandates in several sectors, particularly utilities and waste management.
An interesting restructuring and insolvency mandate saw the firm advising a multinational on the liquidation of its local subsidiary.
Deal highlights: 31st edition (2020/2021)
Super Sistem Ultima restructuring
Super Energy Group debt restructuring
Surya Alam Jaya debt restructuring
Deloitte
Deloitte
Southeast Asia is a member firm of
Deloitte
Touche Tohmatsu. With
more than
80 partners and directors and over 1,200 staff comprising two offices in Jakarta and Surabaya.
The firm is experienced in matters such as registered public accounting, tax consulting, financial advisory and risk advisory services and valuation advisory.
Deloitte Indonesia clients come from major industries such as banking and finance, manufacturing, transportation, technology, media, telecommunications, retail and wholesale, oil and gas, mining, and life sciences and healthcare.
Dentons HPRP
Jakarta-headquartered firm Hanafiah Ponggawa & Partners’ long history can be traced back to 1953. In September 2018, the firm combined with the world’s largest law firm, Dentons.
Focusses / specialisms
The firm performs consistently in banking, capital markets, M&A, project finance and restructuring.
The firm’s banking clients include financial providers and clients, lenders and debtors, banks and non-bank financial institutions in Shariah and conventional transactions.
The capital markets team is capable of advising on a wide spectrum of debt and equity transactions such as medium-term notes, IPOs, REITs, derivatives, securitisation, and rights issues.
The projects team is experienced in sectors such as mining, transport, real estate and technology.
Key clients
Recent clients include Nordic Aviation Capital, Bank OCBC NISP, Apple Bank, Chorus Aviation Capital, MRT Jakarta, Shandong Xinhai Technology and Amazon Data Services Indonesia.
Research period review: 30th edition (2019/2020)
The banking team was busy with aircraft leasing mandates and acting for lenders on refinancing and aircraft financing transactions.
Capital markets highlights include assisting Bahana TCW Investment Management on asset-backed securitisation matters.
A standout corporate deal saw the firm advise Shandong Xinhai Technology in its cooperation with Aneka Tambang to build a nickel smelter.
In the projects space, the firm notably acted for MRT Jakarta and Amazon Data Services Indonesia.
An interesting deal saw the firm assist Amazon Data Services Indonesia with electricity supply contracts.
The firm also acted on several debt restructuring mandates, often for confidential clients.
Deal highlights: 30th edition (2019/2020)
Akulaku Silvrr Indonesia $33 million investment in Bank Yudha Bhakti
Bahana TCW Investment Management $91.5 million ABS securitisation
Fajar Surya Wisesa $50 million financing
Industri Kereta Api / Stadler Rail joint venture
Shandong Xinhai Technology / Aneka Tambang joint venture
FKNK Law Firm
FKNK Law Firm is a local law firm established in 2011 and headquartered in Jakarta.
The firm is recognized for its banking and restructuring and insolvency work.
The team is experienced in advising on corporate restructurings, debt restructurings, insolvency proceedings and postponement of payment obligations.
Research period review: 32nd edition (2022/2023)
The firm has been active in M&A, especially in mergers and acquisitions. The firm was also active in restructuring and insolvency work.
The banking team welcomed counsel Bambang
Wijayanto during the period of review.
Genio Atyanto & Partners
Founded in 2013, Genio Atyanto & Partners (GAP), previously known as Nasoetion & Atyanto, is a boutique law firm headquartered in Jakarta. The firm is also a part of New Circle, a non-exclusive international network which consists of law firms in major European jurisdictions.
Focusses / specialisms
The firm is best known for its banking and finance, capital markets and securities, and M&A works.
The firm acts for domestic and international clients across a variety of sectors including banking and financial services, real estate, mining, oil and gas, energy, pharmaceuticals, manufacturing, consumer goods, technology and telecommunications.
Key clients
Notable clients include Bank Permata, Bahana Pembinaan Usaha Indonesia (Persero), TBS Energi Utama, Ceria Nugraha Indotama, Investree Singapore and Pratapa Nirmala.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking, capital markets and M&A work during the research cycle.
The banking team was active for borrowers on
project finance work.
In the capital markets area, the firm advised on debt and equity transactions. It worked for issuers on bond issue and IPO matters in the mining, energy and technology sectors.
In M&A, the firm was active in strategic deals on the buy side. The deals were in the food and beverage and finance services.
In staffing changes, one of the founding partners, Nadia Nasoetion, left the firm.
Deal highlights: 33rd edition (2022/2023)
Ceria Metalindo Prima’s $277 million project financing.
Habco Trans Maritima’s IPO.
TBS Energi Utama’s $34 million bond issue.
Hadiputranto Hadinoto & Partners
Founded in 1989, Hadiputranto Hadinoto & Partners is a member firm of Baker & McKenzie International and is one of the clear market leaders in the financial and corporate space in Indonesia.
Focusses / specialisms
The banking and capital markets team acts on an array of matters such as project finance, Islamic finance, syndicated loans, derivatives, securitisation, medium-term notes, IPOs, and rights issues.
The corporate team has experience in advising clients such as private equity players, corporates, and financial institutions. The team often acts for international acquirers on M&A transactions in the banking and financial services industry.
The projects team has a wealth of experience in sectors such as mining, oil and gas, transport, and renewable energy.
Key clients
Key clients include HSBC, Standard Chartered, AIA Group, Bank of Tokyo Mitsubishi, Prudential, AXA, Bank Central Asia, Allianz, Northstar Advisors, and General Atlantic.
Client feedback: 31st edition (2020/2021)
Banking and finance
"The law firm had a significant role as counsel. Structuring the equity, assets and liabilities transfer. Advising on legal aspects related to capital market regulations and banking transactions process. Assisting bank in dealing with regulators (OJK Banking, OJK Capital Market and Bank Indonesia)."
"High quality of work and precise legal advice. Understand what the client is looking for and tailor advice to achieve that. Good advice as to strategical/big picture/regulatory matters as well (latter being key for that jurisdiction)."
Capital markets
"HHP's partner (Iqbal Darmawan) is very expert in capital markets, he's very helpful and tries to find a solution for any issues we have."
Financial services regulatory
"We have been working closely with Mr Abimata Putra, who is outstanding in his professionalism, responsiveness, as well as being able to provide clear succinct responses, which have been very helpful."
M&A
"Giving sound and pragmatic advice on the application of Indonesian law, even from business sense. Very responsive."
"HHP is a prominent law firm. HHP provides full-service, covers many sectors which enables the client to have comprehensive advice."
"Understanding of core issue of the transaction, attentive to details, fast response, immerse in the project, great negotiation skills (balance between 'standard legal' and 'client risk appetite')."
Project development
"Competent and hard-working lawyers, quick feedback on all of our inquiries and excellent quality in terms of legal documents and legal opinion and always updated on local regulation."
"Quick response, fast knowledge and always open for discussion any time."
Hiswara Bunjamin & Tandjung
Founded in 2000, Hiswara Bunjamin & Tandjung is known for its high quality financial and corporate work. The firm is headquartered in Jakarta and maintains a long-standing association with Herbert Smith Freehills.
Focusses / specialisms
The firm provides advice in banking, capital markets, corporate and M&A, and project development and has a well-established restructuring and insolvency practice.
The banking team acts for local and foreign lenders and creditors in domestic and cross-border financings and debt restructurings.
In capital markets, the firm has experience representing foreign arrangers and underwriters on both domestic and cross border capital markets mandates.
In M&A, the firm has experience advising on matters in a wide range of industries including, financial services, telecommunications, e-commerce and digital economy, consumer goods and services, natural resources and real estate.
In projects, the firm’s relationship with Herbert Smith Freehills allows it to provide advice on matters throughout the region and strong advice on Indonesia focused matters in sectors such as energy, infrastructure, oil and gas and mining.
Key clients
Notable clients include Alibaba/Ant Financial Group, Goldman Sachs, Morgan Stanley, Carlyle, Danone, GIC, Grab,
Indosat, Kansai, KB
Kookmin,
LinkAja,
Northstar Group, Pertamina,
Rio Tinto and
Sinar Mas Group.
Client feedback: 32nd edition (2022/2023)
"They are very helpful in terms of providing solutions for both parties (lender and borrower) so negotiation can run smoothly."
"They are versed in the real estate and property field and have the capacity to review and prepare an in-depth legal due diligence report. Structuring their transaction documents."
Imran Muntaz & Co
Founded in 2012, Imran Muntaz & Co has an office in Jakarta and is led by managing partner Imran Muntaz.
Focusses / specialisms
The firm is strongest in banking and also advises on capital markets and M&A matters.
Sectors of experience include agriculture, banking and financial services, construction, real estate, logistics, media and telecommunications.
Key clients
Notable clients include Adira Dinamika Multi Finance.
Latief & Co
Established in 2019,
Latief & Co is a full-service Indonesian law firm which provides a comprehensive range of legal services for domestic and international clients.
The firm is well known for its
energy, infrastructure
and projects (EIP), mergers and acquisitions, and banking and finance sectors.
Notable clients include Chevron Pacific Indonesia, Chevron Indonesia Company, Chevron Standard, Repsol
Sakakemang,
Inpex Corporation, Jadestone Energy, Mubadala Petroleum, Xiamen
Xiangyu Group and
Meindo Elang Indah.
Client feedback: 32nd edition (2022/2023)
"Very good knowledge of the sector and the Indonesian legal system. They are very responsive and provide valuable, quality work."
"Excellent knowledge of applicable Indonesian laws and regulations; (ii) good reputation and contacts with Indonesian government and regulators; (iii) practical, realistic advice; and (iv) good drafting skills, both in Indonesian and English languages."
Leks & Co
Founded in 2009, Leks & Co is located in Jakarta and is helmed by Eddy Leks who serves as managing partner.
Focusses / specialisms
The firm specialises in the real estate sector and is noted for its corporate and M&A work.
Key clients
Notable clients include Surya
Palacejaya, Celebes Group, First Commercial Bank, Pembangunan
Deltamas, Creed Holdings, Kasumigaseki Development
Indonesia and
Keppel Land.
Lubis Ganie Surowidjojo
Founded in 1985, Lubis Ganie Surowidjojo is a full-service law firm located in Jakarta. The firm has notably allied with KPMG in Indonesia and is a member of the Global KPMG network.
Focusses / specialisms
The firm boasts well-established banking and finance and restructuring and insolvency practices and is also active in M&A.
Sectors of activity include aviation and mining.
Key clients
Recent clients include Bpifrance Assurance Export, Société Générale, BNP Paribas, Solway Investment Group and Aquila Nickel.
Markus Sajogo & Associates
Established in 1967, Markus
Sajogo & Associates is a full-service law firm that focuses on corporate and commercial matters. The firm has an office in Surabaya, Indonesia.
The firm
is experienced in matters such as
mergers, acquisitions, joint
ventures and corporate transactions.
Sectors of activities include real estate, industrial and manufacturing, consumer goods and services, agriculture, energy, mining, food and beverage, healthcare, entertainment, shipping, oil and gas,
media and tourism.
Notable clients include Sinomart KTS Development, Meliá Hotels International,
JW Marriott Hotel Surabaya,
Hail & Cotton International,
Evac+Chair International, Bunge Agribusiness Indonesia,
Jawa Pos Multimedia Group, ICBC Center Building and H&M Indonesia.
Mochtar Karuwin Komar
Founded in 1971, Mochtar Karuwin Komar is among the oldest law firms in Indonesia. The firm has five partners spread across offices in Jakarta and Singapore.
The firm has diversified practice and performs consistently in banking and finance, capital markets, M&A and project development.
The firm is experienced in sectors including energy, oil and gas, mining,
aviation and shipping.
Notable clients include Millennium Challenge Corporation, Sinosure and China Development Bank.
Oentoeng Suria & Partners
Established in 2010, Oentoeng Suria & Partners is associated with Ashurst and is a well-known name in the Indonesian legal market. The firm maintains an office in south Jakarta and is led by managing partner Ratih Nawangsari.
Focusses / specialisms
The firm is known for its high-quality banking, corporate and project development work and also has a strong restructuring practice.
The banking team often acts for international financial institutions on financing transactions in Indonesia, acting on transactions in the energy infrastructure and mining sectors. Taking advantage of Ashurst's network in the PRC, the firm serves Chinese financial institutions and sponsors on investments into Indonesia.
The corporate team has experience advising on high profile transactions, particularly in the natural resources sector.
The projects team is experienced advising across the spectrum of projects related work in a variety of sectors including, oil and gas, transport, traditional and renewable energy, and natural resources.
Key clients
Key clients include China Development Bank, Societe Generale, DBS Bank, China Construction Bank, Toll Group, Chiyoda Corporation, Borneo Alumina Indonesia, Bank Mandiri, Pertamina, and Bank Negara Indonesia.
Research period review: 30th edition (2019/2020)
The banking team primarily acted on the side of financial institutions. A standout banking deal saw the firm advise China Development Bank on the financing of the Jakarta-Bandung high-speed railway, the largest ever infrastructure project in Indonesia. Another interesting deal saw the firm act for the lenders in the largest unsecured corporate loan facility in Indonesia in 2019. The firm also notably acted for the lenders on one of the largest Chinese power financings in Indonesia to date.
During the review period, the corporate team was active for buyers and sellers on several noteworthy confidential transactions. A significant oil and gas transaction saw the firm advise an international client on a divestment. A non-confidential mandate saw the firm advise Toll Group on forming a joint venture.
A projects highlight saw the firm advise a consortium on a landmark airport PPP project. A high-profile deal saw the firm act for the contractor on the high-value development of a smelting facility.
Staffing changes saw the firm strengthen its corporate and projects practices with the hire of partner Frédéric Draps from Ginting & Reksodiputro. The firm also added senior counsel Rudy Kusmanto from OVO to its corporate and banking teams.
Deal highlights: 30th edition (2019/2020)
Hang Nadim Batam International Airport development
Jakarta-Bandung high-speed railway
Komodo International Airport PPP
Manyar smelter project
Mempawah smelter grade alumina refinery
Sumsel 1 coal-fired power plant
Toll Group / Salam Pacific Indonesia Lines joint venture
Well Harvest alumina refinery
Roosdiono & Partners (a member firm of the KPMG Law network)
Founded in 1999, Roosdiono & Partners (a member firm of the KPMG Law network) is located in south Jakarta and has a partnership with KPMG Law.
Focusses / specialisms
The firm is recognised for its banking and finance, corporate and M&A, and project development work.
The firm takes on clients from a range of sectors including technology, aviation, banking and financial services, logistics, automotive and manufacturing.
Key clients
Notable clients include WTP Tech Innovation Fund LP, 5Y Capital, Sumber Mas Sari, TBS Energi Utama and
Ecart Webportal Indonesia.
Client feedback: 32nd edition (2022/2023)
"Roosdiono has been very helpful in giving us recommendations and highlighting red flag issues."
Siahaan Irdamis Andarumi & Rekan
Active since 2015, Siahaan Irdamis Andarumi & Rekan is a boutique law firm with an office in Jakarta. Key figures include partners David Siahaan, Kuntum Apriella Irdam and Laksmita Andarumi.
Focusses / specialisms
The firm is noted for its banking and finance, corporate and M&A, project development and restructuring and insolvency work.
Sectors of focus include industrial and manufacturing, transport, energy, real estate and healthcare.
SIP Law Firm
SIP Law Firm was founded in 2011 by partners Safitri Hariyani and Zubaidah Jufri. The firm is headquartered in Jakarta and has two representative offices in Yogyakarta and Surabaya. The firm has expanded its network by forming affiliations with some law firms in the Asia region. In 2020, it made a deal with Singapore-based law firm Donaldson & Burkinshaw.
Focusses / specialisms
The firm is noted for its banking, restructuring and insolvency work. Sectors of focus include construction, textiles and industrials, and manufacturing.
Key clients
Notable clients include Means LLC.
Research period review:
33rd edition (2022/2023)
The firm has been active in banking, restructuring and insolvency work during the research cycle.
The banking team was active for a mix of lenders and borrowers on
financing and lending work.
In restructuring and insolvency, the firm recently acted for both creditors and debtors.
SSEK Law Firm
founded in 1992, independent firm
SSEK Law Firm is located in Jakarta and has diversified financial and corporate offerings.
Focusses / specialisms
The firm is active in banking, capital markets and project development and is particularly strong in corporate, M&A and restructuring and insolvency.
The firm is active across a wide array of industry sectors including real estate, logistics, mining and natural resources, oil and gas, power, transportation, retail, manufacturing, technology, insurance and consumer products.
Key clients
Notable clients include HSBC, KEB Hana Bank, Prudential,
Mastercard, General Electric, General Motors, Nissan Motor and Total Oil.
Research period review:
33rd edition (2022/2023)
The banking team was active for a mix of lenders and borrowers on financing work in the oil and gas, investment management and banking sectors. It also advised on financial services regulatory matters.
The capital markets team was particularly active on equity mandates. It acted for issuers on IPOs related to industrial and manufacturing, technology and telecommunications, and investment management sectors. It also worked for issuers on share capital increase works.
In M&A, the firm was active on strategic deals on both the buy and sell side. The deals were in the agriculture, entertainment, and technology and telecommunications sectors.
The firm was also active for project development work; the team mainly acted for project developers in relation to automotive, logistics, environmental services, forestry, and industrial and manufacturing sectors.
In restructuring and insolvency, the firm mainly acted for creditors.
Deal highlights: 33rd edition (2022/2023)
Grab Holdings’ $40 billion NASDAQ IPO
Indo Kordsa and Indo Kordsa Polyester’s merger.
Moonbug Entertainment’s 100% acquisition of the issued share capital of One Animation.
Pertamina Gas’s financing.
Client feedback: 33rd edition (2022/2023)
Banking
“Displayed a high degree of flexibility based on client's need, without any impact on overall fee.”
M&A
“High-quality service with speedy response.”
“SSEK was helpful in negotiating the government incentive package and reviewing the joint venture agreement from an Indonesian law perspective. SSEK's review was comprehensive and prompt.”
Restructuring
“SSEK is a proactive partner for doing business in Indonesia. They are solution-focused and I trust them to find the most efficient way to solve challenges.”
Ira Eddymurthy
“Very experienced and well connected. Understands our business very well and reaches solutions very efficiently.”
Fransiscus Rodyanto
“Very welcoming and friendly, also communicative and fast response.”
Jonathan Streifer
“He communicates well with international law firms and is quite knowledgeable on Indonesian law. He digests the information well and provides the client with clear advice and solutions.”
“High degree of flexibility to meet client's needs.”
Stephen Igor Warokka
“He is solution-driven with deep knowledge and experience of Indonesian law.”
Suhardi Somomoeljono & Associates
Founded in 1987, Suhardi Somomoeljono & Associates is led by managing partner Suhardi Somomoeljono and is located in Jakarta.
Focusses / specialisms
The firm is recognised for its project development, restructuring and insolvency work.
TNB & Partners
Located in Jakarta, TNB & Partners extends its presence internationally through its association with Norton Rose Fulbright.
Focusses / specialisms
The firm is recognised for its banking and finance and corporate and M&A work.
The firm has strong asset finance practices, especially transport finance.
The M&A team has experience in sectors including agriculture, real estate, technology and mining.
In restructuring and insolvency, the team have extensive experience in dealing with debt restructuring and insolvency-related work in various industries, such as the aviation industry, energy, mining, and oil and gas.
Key clients
Notable clients include Japan International Cooperation Agency, Citibank, AmInvestment Bank, United Overseas Bank,
Department of Foreign Affairs and Trade of Australia, the Embassy of Canada in Jakarta, Schlumberger and Celanese Group.
Research period review: 33rd edition (2022/2023)
The firm has been active in banking, M&A and restructuring work during the research cycle.
The firm’s banking work was primarily corporate finance – predominantly financing – transactions where its clients were the lenders.
In M&A, the firm was active in strategic deals on both the buy and sell side. It also acted for investors in private acquisition works.
In restructuring and insolvency, the firm recently acted for lessors, shareholders and creditors.
Deal highlights: 33rd edition (2022/2023)
Accenture Australia’s acquisition of two Indonesian entities engaging in branding and marketing services.
A.P. Moller - Maersk’s business expansion to Surabaya.
Paragon Technology Innovation’s acquisition of shares in hospital business.
Sandvik’s acquisition of Schenck Process.
Client feedback: 33rd edition (2022/2023)
M&A
“Always very responsive and their advice is to the point. No stress in managing the scope of work. They know what we want.”
Kresna Panggabean
“Kresna is very responsive. He knows the business very well, so his advice is always to the point.”
TnP Law Firm
Active since 2016, Jakarta headquartered
TnP Law Firm (Formerly TJAJO & Partners) is recognised for its banking, capital markets, M&A and restructuring and insolvency work.
The banking team advises both lenders and borrowers on project financing mandates, with a focus on the energy sector.
The firm acts for corporations, underwriters, private equity firms and investment banks across domestic and cross-border capital markets transactions.
In its M&A
practice, the firm has experience in acting for clients such as buyers, sellers, and special committees across the spectrum of M&A matters.
Clients include Bank Royal Indonesia, Bank J Trust Indonesia,
Berau Coal Energy, Bakrie Telecom, Bukalapak.com and Tencent.
Research period review: 32nd edition (2022/2023)
The banking team was active on
cross-border financing transactions.
In the capital markets area, the firm advised on debt and equity transactions. On the debt side it mainly acted for issuers on bond issuances, while advising
issuers on rights issues and IPOs on the equity side.
In its M&A and restructuring practice, the firm acted for sellers and investors on deals in various
sectors including oil and gas and food and beverage.
The firm recruited partner
Ken
Prasadtyo for its capital market, corporate and merger and acquisitions, financial services,
technology and media and telecommunications team. Yogie Sugiharto, who was partner of the banking and finance, corporate and M&A, projects and infrastructure and restructuring and insolvency team, departed the firm.
Deal highlights: 32nd edition (2022/2023)
Mayora Group acquisition of Bank Mayora
Apexindo Pratama Duta $215 million mandatory convertible bonds issuance
Perusahaan
Pengelola Aset sukuk issuance
Waskita Karya Realty and Waskita Fim Perkasa medium-term notes issuance
Indika Energy
and Fourth Partner Energy joint venture
Client Feedback: 32nd edition (2022/2023)
"The team are very knowledgeable on the capital markets and very responsive. "
"Their knowledge on healthcare sector regulation and their very support and fast response."
"They are very experienced in investment
funds and this gives comfort for both us and our counterparties. They are also practical and provide us with practical advisory that helps us in making decisions when completing the transaction."
"The firm provides solutions to legal problems in each transaction, and resolves legal issues related to the implementation of the
GMS, but can still maintain compliance with laws and regulations."
"Tjajo & Partners has a unique and tailored approach that always builds their value proposition as a strategic catalyst instead of being a legal stopper for each client initiative."
"They are very responsive."
"She is very efficient and provides on-point advice. The team is happy working with her for her legal knowledge and solutions provided to the case. "
"Really has 'know how' and knowledge about clients, so she can build a position as an initiative catalyst that can provide some way forward by providing risk mapping."
"Very responsive and helpful."
"He can provide good solutions to every legal problem but still prioritizes compliance with laws and regulations so that legal risks can be mitigated."
"He has extraordinary experience and very supportive on client's concerns. He will try to give his very best knowledge to his clients."
"He is very responsive and very knowledgeable on the capital markets sector. "
Tumbuan & Partners
Established since 1981,
Tumbuan & Partners is one of the leading law firms in Indonesia that specialisesin various aspects of corporate, capital markets and business law. The firm has an office in Jakarta.
The firm
specialises in various aspects of corporate and business law.
Its clients include state-owned enterprises, private and multinational companies, domestic, foreign and multinational banks, financial institutions, as well as start-up companies.
Notable clients include HutamaKarya (Persero), PP Properti,
Sinar Mas
Agro Resources and Technology, Equity Finance Indonesia, J Resources Asia
Pasifik, Jaya
Swarasa Agung, Equity Development Investment, Bank Pembangunan Daerah Banten, Usaha
Pembiayaan Reliance Indonesia and CIMB Niaga Sekuritas.
WIEM Law Firm
WIEM Law Firm is an Indonesian law firm with a global network providing legal
audits,
documents and
advisory services.
The firm is based in Jakarta Pusat.
The firm
is active in bankruptcy and restructuring.
Sectors of activities include finance,
construction and
maritime.
Notable clients include Berlian Laju Tanker and Jakarta International Expo.
