Makarim & Taira S


IFLR1000 Reviews

Financial and corporate

Founded in 1980, Jakarta headquartered firm Makarim & Taira S is one of the most well-recognised names in the Indonesian legal market. The firm boasts membership of World Law Group, World Services Group and Drew Network Asia.


Focusses / specialisms 

The banking team advises often financial institutions, and borrowers, on a range of matters including project finance, aircraft finance, and syndicated loans.

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  

Clients of the firm include PolyOne, Lestari Banten Energi, GAP, Sumitomo Corporation, China Development Bank, Marubeni Corporation, and Sembcorp.


Research period review: 31st edition (2020/2021) 

The banking team took on a mix of roles for borrowers and lenders on several financing mandates.

A high value corporate and M&A mandate saw the firm advise Kimberly-Clark Corporation on its cross border acquisition of Softex Indonesia.

The firm notably advised the project owners in the financing and development of high-value projects in the mining sector. The firm also assisted the project owners with the development of the largest mine-mouth power plant project in Indonesia.

The firm formed a regional network called Drew Network Asia with Singaporean firm Drew Network Asia and Malaysian firm Shearn Delamore & Co.

Staffing changes saw the departure of partners Kurniawan Tanzil and Lina Amran, who joined SHIFT Counsellors at Law.


Deal highlights: 31st edition (2020/2021) 

Ferro Corporation disposal of Ferro Mas Dinamika and Ferro Mas Dinamika

Freeport Indonesia copper refining facility

Jakarta MRT

Jawa 1

Kimberly Clark Corporation $1.2 billion acquisition of Softex Indonesia

Sampoerna Strategic Group $75.5 millionrefinancing



Client feedback: 31st edition (2020/2021) 

Banking and finance

"The firm always give an update if any challenge with the client and Indonesia regulation - we have received good advice and solution that benefits our client and us."


Financial services regulatory

"Excellent in know-how and efficiency."



"Provided sound advice and went out of their way to assist us over the Christmas period."

"Knowledgeable, attentive, timely in terms of responses. Sensible advice. "

"The Makarim team understands the client's issue and is able to provide quick feedback."

"Their advice was always very insightful, clear and addressed thoroughly the issues and questions we had. Their response was always very prompt."


Project development

"Understanding on the PPA and related laws and regulations, as well as a practical approach to the matter."

"We work with Hilton King who is responsive, highly competent, personable and able to guide those unfamiliar with the Indonesian context through its maze."


Restructuring and insolvency

"As we do not have in-house legal in country M&T has provided consistent support across all areas with strong working knowledge of our organisation and its people."


Lia Alizia

"Lia provided us with excellent advice that was always insightful and very helpful. The advice was very prompt, and addressed all the issues in a very commercially sensible and practical way."


Budhy Apriastuti

"Great responsiveness; always available."


Hilton King

"Ability to proactively understand what is needed within our organisation."

"Knowledgeable in their field, accessible, provide good and sound advice on a variety of matters.”


Vincent A Lie



Maria Sagrado

"She always extends a positive attitude toward any query we have regardless if she is not working on the assignment we give. Her helpful gesture is amazing."


Rudy Sitorus

"Knowledgeable in their field, accessible, provide good and sound advice on a variety of matters."


Reagan Roy Teguh

"Provided sound advice."


Jonathan Tjenggoro

"Jonathan is very knowledgeable and communicates clearly. He is also very responsive and reliable."