Indonesia

IFLR1000 Reviews

Financial and corporate
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 banking and financial services, energy, resources, aviation, automotive, retail, media, and technology and telecommunication. 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, oil and gas supply agreements and oil and gas supply agreements.

 

Key clients  

The firm’s extensive client list includes Asian Development Bank, DBS, ABN Amro, CIMB, MUFG Bank, IFC, Export-Import Bank of Korea, General Atlantic, XiaoMi and HSBC Bank.

 

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

A significant banking mandate saw the firm act for the project company in the financing of Indonesia’s first and Southeast Asia’s largest floating solar power plant.

The capital markets team notably advised the managers on the first-ever sovereign guaranteed global notes issue by an Indonesian SOE and also assisted the co-issuers on the first investment-grade green project bond issued by the private sector in the jurisdiction. On the equity front, the firm was busy with mandates such as rights issues, buybacks and IPOs.

The corporate team advised on Indonesia’s first merger between a conventional bank and a sharia bank.

Projects highlights include advising a state-owned enterprise on the high-value development of the Patimban Deep Sea Port.

An eye-catching restructuring mandate saw the firm act for a special mission vehicle in an investment under the National Economy Recovery Program.

 

Deal highlights: 31st edition (2020/2021) 

Bank Interim Indonesia / Bank BCA Syariah merger

Bekasi – Cawang – Kampung Melayu toll road

Cirata 145MW floating solar photovoltaic power plant

Gojek acquisition of Moka Teknologi Indonesia

Nirvana Wastu Pratama $107.6 million acquisition of retail assets

Patimban Deep Sea Port

Satellite of Republic of Indonesia

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"AHP give assurance and clear explanation about the regulation, and guide the company to meet its future plan."

"The team provided a very hands-on and engaging service."

"Their understanding on capital market law and practice."

"They provide diversified services. We have engaged several services from M&A, litigation and capital market. We are happy with their services because they are knowledgeable in each area. The latest service for capital market, they have in-depth knowledge on the capital market regulation. They helped us prepare for listing. And we managed on-time listing, though it was an aggressive timetable."

"Responsiveness, diligence and expertise."

 

M&A

"Their advice has been very well-rounded. They also communicate very well, which is important. So often we get advice that is pure legal advice, but they deliver it well and include commercial aspects that could be taken by the management easily."

"They are really hands-on and very helpful in the whole process. Also giving the best legal advice on a win-win basis."

"Transaction documents were drafted in very good quality. In addition, due to the five simultaneous asset acquisitions, the firm ensured that they distributed more than enough lawyers for the said work, including their 'A' team. However, we had to specifically request this from the firm. "

 

Bono Daru Adji

"He is really attentive to our needs, also tries to comes up with possible solutions that are win-win."

 

Eko Basyuni

"Eko provided the company with much-needed assistance on resolving our dispute settlement case. Prior to that, Eko and his team had assisted the company in providing our team with general legal corporate advice and contractual review."

 

Christofer Chandra Indra

"Fast response and give clear explanation. Helpful."

 

Mita Kartohadiprodjo

"We are very impressed with her ability to engage well both with us as client and with counterparts. She also delivers issues and advises very well."

 

Intan Paramita

"Fast response, innovative approach, understanding on regulatory framework."

 

Inda Nur Arifiani Ranadireksa

"Fast response and give clear explanation. Helpful."

 

Tunggul Purusa Utomo

"He knows capital market regulation well. Very responsive and has problem-solver attitude. "

"Tunggul is a very knowledgeable and customer-oriented lawyer who has helped and is continuing to help our company in navigating compliance requirements. He provided numerous innovative and business-friendly solutions to meet the needs of the company."

 

Indira Yustikania

"Problem-solving. Responsiveness."

 

Mohammad Renaldi Zulkarnain

"Client management."

 

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 beverages, real estate, and agriculture.

 

Key clients  

Key clients include The Walt Disney Company, Bank Barclays Indonesia, Pacific Star Group, and China Tobacco International.

 

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

The corporate team recently advised on corporate restructurings, joint ventures, spin-offs, and acquisitions. The firm also advised on several liquidation exercises.

An interesting projects deal saw the firm act for an international client on the development of a real estate project.

 

Deal highlights: 31st edition (2020/2021) 

China Road and Bridge Corporation land acquisition

China Tobacco International regulatory compliance

Daiwa Join Indonesia acquisition of a stake in Sayana Integra Properti

Karma Royal Group restructuring

Kerry Group IDR56 billion acquisition of Apex Shipping Indonesia and Apex Maritim Indonesia

Thai Union Kharisma restructuring

Thai Union Kharisma LestariIDR 71 billion land acquisition

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Give solutions for various financing schemes so we can accommodate business needs without violating the law."

"Experience in the business and care of the client."

 

Restructuring and insolvency

"Very courteous. Very knowledgeable."

 

Bagus Nur Buwono

"Gave a good solution for complicated financing scheme."

 

Enrico Iskander

"Experience abroad and experience in Indonesian commercial law."

 

Budiarto Law Partnership

Budiarto Law Partnership maintains an office in Jakarta and is led by managing partner Widjojo Budiarto.

 

Focusses / specialisms

The firm is recognised for its banking and finance, capital markets, and corporate and M&A work. The

Sectors of focus include agriculture, banking and financial services, energy, transport, real estate, consumer goods and manufacturing.

 

Research period review: 30th edition (2019/2020)

During the research period in banking work the firm was active for borrows and guarantors on acquisition and project financing mandates.

A capital markets highlight saw the firm advising an issuer on its proposed IPO. The M&A team was recently active for buyers and sellers on acquisitions and on joint ventures across a variety of sectors.

 

Client feedback: 30th edition (2019/2020)

Banking

“They can give fruitful advice on accounting and tax matters from a legal perspective. They can capture our concerns perfectly on every document throughout the procedure.”

 

Widjojo Budiarto

“He has a sharp tactical mind and understands our team’s complex matters effortlessly.”

FKNK Law Firm

FKNK Law Firm is a local law firm established in 2011 and headquartered in Jakarta.       

 

Focusses / specialisms 

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.

 

Key clients  

Clients include Bara Jaya Utama, Koperasi Simpan Pinjam Indosurya Cipta, Tethagra Adyatama, Armor Manufacturing Coorporation and Brigh Step International Enterprise.

 

Client feedback: 31st edition (2020/2021) 

Restructuring and insolvency

"Negotiation with the client and other lawyers on our case."

Makarim & Taira S

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

Sumsel-1

 

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."

 

M&A

"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

"Reliable."

 

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."

 

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. The firm’s sole domestic office is located in Jakarta but in 2014 it strengthened its regional presence by entering into a strategic alliance with WongPartnership.

 

Focusses / specialisms 

The firm’s banking and restructuring teams act for financial institutions, as well as local and international companies.

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  

Clients include Temasek Capital Management, Lippo Malls Indonesia Retail Trust, Bank Mandiri, Snacking Investments BidCo, Profesional Telekomunikasi Indonesia, Konecranes Global Corporation, Citigroup Global Markets and UBS.

 

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

The banking team was recently active for both borrowers and lenders on financings.

The capital markets team took on a mix of debt and equity work, often acting for issuers on bond issues, rights issues, capital increases, and shelf offerings.

High-value corporate mandates saw the firm act for Expedia on its investment in Traveloka Holding and assist Mandiri Cipta Gemilang in its sale of strata titles in Lippo Mall Puri.

The firm strengthened its corporate and capital markets teams with the addition of partner Antonius Setianto from TR & Rekan.

 

Deal highlights: 31st edition (2020/2021) 

Agung Podomoro Land $130.8 million financing

Agung Podomoro Land $65 million rights issue

Expedia $350 million acquisition of a stake in USD350 million

Golden Energy Mines $100 million rights issue

KKR Group $98 million financing

Theta Capital $420 million 8.125% bond issue

Tiga Pilar Sejahtera Food $90 million capital increase

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"They are exceptionally strong in capital markets, being in the sector for so long."

"They provide not only legal consideration but also highlight the possible commercial consideration for us to taking into account when preparing, entering and completing the transaction."

"Provide up-to-date and applicable regulation in capital market practice."

 

Restructuring and insolvency

"Actively negotiated key terms in the contract that resulted in reduction of risk/liability for our company (the borrower). Very professional, quick to respond, always on time, and very detailed and thorough in their work."

Melli Darsa & Co

Melli Darsa & Co was founded in 2002 and has been a part of the PwC network of firms since 2017. The firm is located in Jakarta and is helmed by founder and managing partner Melli Darsa. The firm 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.

 

Key clients

Recent clients include Sime Darby Oils Pulau Laut Refinery, Perpetual (Asia), Alam Sutera Realty, Bank Maybank Indonesia, Bank Mandiri, BNP Paribas and Deutsche Bank.

 

Research period review: 30th edition (2019/2020)

The banking team acted for borrowers and lenders on financing transactions such as project financing and refinancing.

The capital markets team acted on several bond issuances for guarantors, underwriters, joint book-runners and issuers.

An interesting corporate deal saw the firm advise on the merger of companies engaged in cigarette manufacturing and tobacco processing. Another highlight saw the firm advise XL Axiata on the sale of telecommunication towers.

 

Deal highlights: 30th edition (2019/2020)

Alam Synergi $125 million 6.625% bond issue

Bank Mandiri $750 million 3.75% bond issue

Theta Capital $325 million 8.125% bond issue

Tri Sakti Purwosari Makmur / Mandiri Maha Mulia / Sentosa Abadi Purwosari / Purindo Ilufa merger

XL Axiata Rp3.9 trillion sale of telecommunication towers

 

Client feedback: 30th edition (2019/2020)

Capital markets : Debt

“The firm's reputation and linkage with senior people in the regulatory body.”

“The team executed the transaction in record time (two weeks for what would normally take two months), which was critical given this was the beginning of the Covid-19 crisis. This demonstrated that not only did they have superior technical knowledge, they could also adapt readily to how we needed to throw out the existing rule book given the Covid-19 crisis and get things done. They are also not just professional, but extremely easy to deal with and anticipate what we and the bank would need.”

 

M&A

“Professionalism, legal expertise, commercial acumen, speed and delivery of services.”

“Conduct legal due diligence and negotiation of the agreements.”

 

Nurjadin Sumono Mulyadi & Partners

Founded in 2006, Nurjadin Sumono Mulyadi & Partners maintains an office in Jakarta and extends its presence throughout the world through its strategic alliances with Bird & Bird and Wong Alliance.

 

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.

 

Key clients

Clients include Memiontec Holdings, Dua Surya Dinamika, and Bureau Veritas Buildings & Infrastructure

 

Research period review: 30th edition (2019/2020)

During the research period a recent interesting M&A mandate saw the firm advising a Singaporean buyer on acquiring a local firm.

On the restructuring side the firm recently advised a water treatment firm on its pre-IPO restructuring.

 

Deal highlights: 30th edition (2019/2020)

Bureau Veritas Buildings & Infrastructure IDR55.001 billion acquisition of Prosys Bangun Persada

Memiontec Holdings restructuring

Synthesis Karya Pratama IDR 636.74 billion convertible bonds issue

 

SIP Law Firm

SIP Law Firm was founded in 2011 by partners Safitri Hariyani and Zubaidah Jufri. The firm has offices in Jakarta, Yogyakarta and Surabaya.

 

Focusses / specialisms 

The firm is noted for its banking restructuring and insolvency work.

Sectors of focus include construction, textiles and industrials, and manufacturing.

 

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

During the review period, the banking team often acted on the side of debtors on debt restructuring mandates.

The firm took on the role of curator on several confidential insolvency proceedings.

 

Client feedback: 31st edition (2020/2021) 

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 work the firm has experience in acting for lenders and borrowers on financing and debt restructuring transactions.

The capital markets team’s experience covers acting on IPO, bonds issues and rights issues across a range of industries.

The corporate tam is often engaged to help on market entry and regulatory compliance work.

The projects team has expertise in advising clients such as sponsors, government bodies and contractors on projects in sectors including infrastructure, mining and natural resources, oil and gas, and energy.

 

Key clients  

Key clients include Citigroup Global Markets, Credit Agricole Corporate and Investment Bank, HSBC, Standard Chartered Bank, IKEA, and Ministry of Finance of the Republic of Indonesia.

 

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

The banking team took advised clients such as borrowers and lenders on matters such as refinancing, project financing and corporate financing. The firm was also active in the financial services regulatory space, acting for international clients.

In capital markets, the firm advised on regulatory compliance, option agreements, project bonds, and divestments.

The corporate team was recently active on a high volume of mandates covering several sectors. An eye-catching matter saw the firm act for the sell-side in Kimberly-Clark Corporation’s acquisition of Softex Indonesia.

A staffing change saw the departure of foreign counsel Kosuke Nakamura from the corporate team.

 

Deal highlights: 31st edition (2020/2021) 

Austin Engineering Indonesia $3 million financing

Composite Capital Management $95 millionacquisition of a stake in M-League

Kimberly Clark Corporation $1.2 billion acquisition of Softex Indonesia

KRS Corporation $62 million acquisition of Kiat Ananda Group’s subsidiaries

Lei Shing Hong Trading and Lei Shing Hong Credit regulatory compliance

Ultrajaya Milk Industry & Trading $150 million loan facility

United Overseas Bank$2.95 million debt recovery

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Highly responsive and commercial. Renders excellent and comprehensive support to instructing counsel which demonstrates its depth of specialised knowledge in Indonesia law and practice."

"Prompt and comprehensive advice on Indonesian law."

 

M&A

"Prompt in responding, professional."

"Practical and responsive."

"They are always responsive, and flexibly assisted our client. One highlight of this transaction was we closed this transaction during the large social restriction in Jakarta, under which the client could not enter into Indonesia. S&T efficiently supported the online closing works, which was very new in Indonesia. "

 

Oene Marseille

"Clear, concise and effective as Indonesian counsel."

"Responsive - super-fast turnaround. Accessibility - even during festive and holiday seasons."

 

Retno Muljosantoso

"Hard-working and responsive."

"She is easy to work with in her good character. Although her main practice area is labour and employment, she has sufficient experience in M&A transactions."

 

Tia Rosmananingrum

"Prompt and professional."

TJAJO & Partners

Active since 2016, Jakarta headquartered TJAJO & Partners is recognised for its banking, capital markets, M&A and restructuring and insolvency work.

 

Focusses / specialisms 

The banking team advises both lenders and borrowers on project financing mandates, with a focus on the energy sector.

In capital markets work the firm acts for corporations, underwriters, private equity firms and investment banks across the whole spectrum of domestic and cross-border capital markets transactions.

In M&A work the firm has experience in acting for clients such as buyers, sellers, and special committees, across the spectrum of M&A matters.

 

Key clients  

Clients include Semen Indonesia, Bank Royal Indonesia, Danareksa, Bank J Trust Indonesia, and Walnut Bidco.

 

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

The banking team was active on the side of the lenders on debt restructuring and project financing mandates.

The capital markets team regularly advised issuers on IPOs and rights issues.

An eye-catching corporate matter saw the firm act for an SOE on a high-value confidential transaction. The firm also took on corporate restructuring work for confidential clients.

 

Deal highlights: 31st edition (2020/2021) 

Bank Central Asia IDR1 trillion acquisition of Bank Royal Indonesia

Batu Ampar Port

Sarana Meditama Metropolitan IDR1.2 trillion rights issue

Tencent Holdings $22.5 million acquisition of Iflix

 

Client feedback: 31st edition (2020/2021) 

M&A

"Comprehensive understanding of Indonesian law goes beyond corporate and capital market law, enabling us to craft agreements that fit commercial requirements that are satisfactorily to both parties."

 

Brahmantyo Jatiwidianto

"They will try to find solutions for our business requirements, rather than say no, you can't do that. But if definitely no, they will frankly say it."

 

Rambun Tjajo

"They will try to find solutions for our business requirements, rather than say no, you can't do that. But if definitely no, they will frankly say it."

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  

The firm’s client list includes Pertamina, Perusahaan Gas Negara, Infra Daya Energia, GCL Indo Tenaga, Telekomunikasi Indonesia, and the Ministry of State-owned Enterprises.

 

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

The banking team took on roles for borrowers, lenders and buyers on matters such as project financing, receivables financing, corporate financing, and refinancing. A standout banking mandate saw the firm act for the borrower and sponsors on the high-value financing of the Jawa 9 & 10 power plants.

In capital markets, the firm notably advised the issuer on the largest offering of commercial paper in Indonesia. Other work includes acting for the issuer side on rights issues, bond issues, and IPOs.

The corporate team notably acted on the establishment of several state-owned entities. The firm was also active on several high value sale and leaseback mandates in the telecommunication space.

An interesting projects deal saw the firm act for Perusahaan Listrik Negara on the landmark development of a floating solar plant.

The restructuring and insolvency team recently advised on a corporate restructuring mandate in the telecommunication space.  

 

Deal highlights: 31st edition (2020/2021) 

Cirata floating photovoltaic power plant

Dieng-2

Dayamitra Telekomunikasi IDR10.3 trillion telecommunication tower sale & leaseback

Esta Multi Usaha IDX IPO

Jakarta Transportation Holding Company IDR2 trillion acquisition of Kereta Api Indonesia’s commuter and airport train business

Jawa 9 & 10

Makassar – Parepare railway PPP

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"UMBRA provides excellent critical thinking, an outstanding ability of negotiation and a deep understanding of Indonesian legal knowledge."           

"UMBRA is responsive and has a good understanding of relevant regulations and their practical application on deals in Indonesia. We find their quality consistent."          

"Deep knowledge of Indonesia's energy sector and the evolution of the current market arrangements. Also very knowledgeable on the current PPA frameworks and challenges."

"UMBRA provided numerous tidy workarounds that enabled the key parties including ECAs to be comfortable. They also were willing to spend significant senior resources viz Pak Pram and Ibu Kirana who spent an inordinate amount of time with PLN/IP as well as lenders' counsel to get them across the line on key issues."

"UMBRA's team is highly creative, motivated and proactive in finding solutions."

"Creative, strategic solution, in-depth knowledge, quick response time."

"Experience and responsive."

"Putu Raditya Nugraha, the partner we always work with, is our trusted adviser who gets things done."

 

Capital markets

"UMBRA - Partnership has provided their extended knowledge in general corporate (capital market section in particular) on full display, demonstrating professionalism and personal attention to all details of our projects and corporate compliance. Their advisory are very reliable and up to date within the fast-changing legal regulatory environment. Mr Ahmad Zakaria and Ms Paula Aprijanto made themselves accessible whenever they are needed and the also spent ample time with us to walk us through their advisories. We very much enjoyed working with UMBRA - Partnership and would recommend the firm to other prospective clients."

"Previously, we have worked very closely with Zaka and Paula Aprijanto in assisting companies in debt fundraising and structuring equity fundraising. We were impressed and found Zaka and Paula to be very helpful in assisting us in advising our clients of their legal implications. Their assistance and expertise have helped us to see the transaction at various angles in order to give the best advice to our clients and optimise our result. We believe that through these past transactions we have ongoing synergy and cooperation. We will always look forward to working together in future transactions."

 

Financial services regulatory

"Knowledge and understanding of the regulatory matters and ability to provide practical advice that is suited to our business."

 

Investment funds

"Provide the right solution to its clients."

 

M&A

"Great communication, very responsive to requests, appear to be very competent attorneys."

"UMBRA provides excellent services at a reasonable price."

"Excellent legal advice and solution in negotiation of M&A in conjunction with project document and project financing."

"Umbra have a high level of expertise in this specific sector, which enables them to give clear and concise summaries of the issues we're facing. They are flexible and creative in finding solutions to problems. All of their staff who we have used speak excellent English. "

 

Project development

"UMBRA's team is highly creative, motivated, and proactive in providing and delivering solutions."

"The law firm's team always available any time we need an assistance."

"Although they are young lawyers, they are impressively very knowledgeable on the mining industry. UMBRA can provide us with very constructive and good legal views and opinions and outstanding legal services."

"Excellent negotiation skills. Innovative bankable solution."

"Really professionals and not only understand our legal issues but also understand our business."

"Responsive, bright, decent value."

 

Restructuring and insolvency

"UMBRA's team are highly creative, motivated and proactive in providing and executing solutions. And they are also responsive."

 

Paula Aprijanto

"Problem-solving, proficiency in related fields, and hands-on."

 

Reggy Firmansyah

"He has a great deal of experience and understands our needs well."

Putu Raditya Nugraha

"Putu is our trusted adviser who gets things done."

 

Pramudya Oktavinanda

"Pram provides practical legal solutions. He is an excellent negotiator. Pram has a very good in understanding of SOE environment. Most importantly, a lawyer that always picks up our call in times of need."

"Innovative, willing to think out of the box, ability to adapt to situations and very accessible."

"He is highly creative, intelligent, motivated and proactive in helping clients not only find solutions but also execute the solutions."

"He is very creative, motivated and proactive in helping clients achieve the desired outcome in negotiations and resolving challenging situations."

"Pak Pram is innovative and responsive. He communicates well with clients."

"Smart, good communication, and very responsive."

"Innovative solution in M&A negotiation. In-depth knowledge of project document and project financing in conjunction with M&A transaction."

"Providing creative, innovative and workable strategic legal solutions."

"He is highly creative, motivated and knowledgeable. He is able to  find out-of-the-box solutions to resolve issues."

 

Poppy Cut Rahmasuci

"She is an excellent corporate lawyer who is reliable and efficient."

"Provides best and right solution."

 

Kirana D Sastrawijaya

"She is a very intelligent and has strong interpersonal skills to help execute & bridge solutions."

"She is highly intelligent and possesses the interpersonal skills that can successfully help clients."

"Thorough, in-depth knowledge of PLN and the power sector, ability to convince PLN/IP."

"Excellent communicator, hard-working, timely delivery, in-depth knowledge, excellent client interaction"

"Excellent negotiation skill. Superior innovative solutions."

"She is very knowledgeable and motivated, and has good interpersonal skills to achieve solutions."

 

Ahmad Zakaria

"Very knowledgeable. Distinguished outstanding lawyer."

Walalangi & Partners

Founded in 2017 by managing partner Luky Walalangi, Walalangi & Partners is a domestic firm that enhanced its practice by entering into a full association with Japan’s largest law firm Nishimura & Asahi.

 

Focusses / specialisms 

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.

 

Key clients  

The firm’s clients include multinational banks and financial institutions, Japanese trading houses, real estate and property companies, multinational industrial companies, state-owned enterprises and fintech startups. Key names include Mitsubishi Corporation, Toyota Tsusho Corporation, Nippon Steel Corporation, Mitsui & Co, and MUFG Bank.

 

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

The banking team was recently active for stakeholders such as lenders and sponsors on confidential mandates.

Standout corporate deals include advising Tokyo Gas on the cross border acquisition of Super Energy and Energy Mina Abad.

In a projects highlight, the firm acted for Mitbana on the development of a first-of-its-kind integrated Transit-Oriented Development in Bumi Serpong Damai City. Another interesting deal had the firm acting for a port operator on the development of the Kuala Tanjung Multipurpose Terminal.       

The firm was also active in the restructuring and insolvency space, primarily advising Japanese clients.

The firm strengthened its corporate team with the addition of Jeanne Elisabeth Donauw as a partner from Hiswara Bundjamin Tanjung.

 

Deal highlights: 31st edition (2020/2021) 

BSD City Transit-Oriented Development

Dhost Telekomunikasi Nusantara acquisition of XL Axiata’s assets

Kuala Tanjung Multipurpose Terminal

Orient Corporation acquisition of a majority stake in Mizuho Balimor Finance

Tokyo Gas acquisition of a 33.4% stake in Super Energy and an 18% stake in Energy Mina Abad 

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"W&P is very responsive. W&P always gives practical solutions."

 

M&A

"They are responsive and provide straightforward, easy-to-understand advice."

"Very quick responses. Reachable."

"The way of negotiation is very clear and logical. Response is fast but the quality is high. Advice is logical. They know well about the culture of Japanese companies."

 

Project development

"Quality of work of W&P is standout among other Indonesian local law firms. "

 

Restructuring and insolvency

"The firm is very responsive and provides reliable and appropriate advice according to the conditions."

 

Luky Walalangi

"Very responsive, communicative and provides appropriate solution."

"Has high hospitality for the clients."

"He provides thorough advice and well-balanced solutions responding to both seller and buyer needs."

"Luky has a strong leadership. His team is dedicated to clients."

"Luky manages and handles the case and W&P's team very effectively."

"The manner of negotiation and explanation is very clear and logical. He is polite every time."

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.

 

Focusses / specialisms 

The firm is recognized for its work in the corporate and M&A and restructuring and insolvency areas.

Sectors of activity include transport, mining, energy, and construction.

 

Key clients  

Recent clients include Pinang Coal Indonesia, Geotekindo, Ciliandry Anky Abadi, and Tangan Kanan Investama.

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"Very responsive, extremely knowledgeable, hands-on approach."

Ali Budiardjo Nugroho Reksodiputro

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 (ISDA).

 

Focusses / specialisms 

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 stakeholder 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.

 

Key clients  

High profile clients include International Finance Corporation, Export-Import Bank of Korea, Asian Development Bank, Sumitomo Mitsui Banking Corp, Hyundai Engineering & Construction, Mitsui & Co, and Pertamina.

 

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

During the review period, the firm advised the target in an acquisition in the technology space and advised the borrower on a high-value project financing.

 

Deal highlights: 31st edition (2020/2021) 

Gojek acquisition of Moka Teknologi Indonesia

 

Client feedback: 31st edition (2020/2021) 

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

 

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

 

 

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."

Hanafiah Ponggawa & Partners

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

 

 

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  

The firm acts for clients such as Bank OCBC NISP, Sumitomo Metal Mining, Pertamina Rosneft Pengolahan dan Petrokimia, PLUS Expressway International, Bank Mandiri, Deutsche Bank, Australia and New Zealand Banking Group, and Hewlett-Packard Finance Indonesia.

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Responsive, proactive and manages the transaction well."

 

Project development

"Excellent local knowledge including from the relevant governmental departments, so the advice is practical rather than just theoretical."

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  

Recent clients include Mitra Pinasthika Mustika Finance and Bank Bukopin.

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

Recent clients include Vasanta Group, TJS Property, Keppel Land Indonesia, and China Harbour Group.

 

Research period review: 30th edition (2019/2020)

During the research period, the firm often acted for acquirers on several land acquisitions.

 

Deal highlights: 30th edition (2019/2020)

China Harbour Group land acquisition

Keppel Land Indonesia land acquisition

TJS Property Rp1 trillion land acquisition

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.

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.

 

Focusses / specialisms

The firm has a 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.

 

Key clients

Key clients include Toyota, Avolon Aerospace, Astra Group, Astra Tol Nusantara, DEG and Siemens.

 

Research period review: 30th edition (2019/2020)

The banking team advised both borrowers and lenders on several financing transactions. The firm also took on debt restructuring work and mandates in the aviation sector.

The corporate team was recently active on acquisitions, disposals and restructurings. An interesting deal saw the firm advise Toyota on the sale of Toyota Bio shares to a Japanese firm.

On the projects side, the firm notably assisted with the development of the only new geothermal IPP to have been approved in the last three years.

 

Deal highlights: 30th edition (2019/2020)

CAC acquisition of Mitrais Group

Muara Laboh geothermal plant

Neptune Energy Bondco $450 million bond issue

Siemens corporate restructuring 

Way Ratai 55MW geothermal IPP plant

Nasoetion & Atyanto

Founded in 2013 by Nadia Nasoetion and Genio Atyanto, Nasoetion & Atyanto is a boutique focusing on capital markets and corporate and M&A work. The firm is headquartered in Jakarta.

 

Focusses / specialisms 

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, pharmaceutical, manufacturing, consumer goods, and technology and telecommunication.

 

Key clients  

Key clients include Investree Singapore, Halofina, Surya Fajar Capital, and Tourindo Guide Indonesia.

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

Founded in 1999, Roosdiono & Partners is located in south Jakarta and has a partnership with ZICO 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 DEG, Maybank, Tokyo Gas, China Aircraft Leasing Group Holdings and BGMC.

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"They are very responsive and knowledgeable in term of Indonesia regulations and helpful in providing advice."

 

Project development

"Prompt, clear and business-oriented. Have great understanding of the local regulatory environment."

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 corporate and M&A, project development and restructuring and insolvency work.

Sectors of focus include industrials and manufacturing, transport, energy, real estate and healthcare.

 

Key clients

Notable clients include Bank Mandiri, Krakatau Steel, Jakarta Tollroad Development Jaya Pratama, Putra Mandiri Jembar, and Hong Leong Group.

 

Research period review: 30th edition (2019/2020)

The banking team was recently active for borrowers and lenders on project financing transactions. The firm also advised on the establishment of a sustainable energy fund programme.

One corporate highlight saw the firm advise on the merger of 13 companies. A high-value cross border deal saw the firm advise Hong Leong Group on acquiring Columbia Asia Healthcare.

In restructuring and insolvency, a highlight saw the firm advise the largest steelmaker in Indonesia on its high-value debt restructuring.

 

Deal highlights: 30th edition (2019/2020)

Diamond Development Indonesia / Duta Pertiwi joint venture

Hong Leong Group $1.1 billion acquisition of Columbia Asia Healthcare

Jakarta inner city highway 

Intraco Penta debt restructuring

Krakatau Steel debt restructuring

Siregar & Djojonegoro

Founded in 2013, boutique law firm Siregar & Djojonehoro is headquartered in Jakarta and is led by managing partner Zippora Siregar.

 

Focusses / specialisms 

The firm is recognised for its banking and finance, corporate and M&A, and project development practices.

Sectors of activity include healthcare, energy, utilities, oil and gas, and industrials and manufacturing.

 

Key clients  

Recent clients include Medco Power Indonesia, Indonesia Infrastructure Finance, Borneo Alumina Indonesia, Indonesia Asahan Aluminium, and Jakarta Solusi Lestari.

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"S&D are responsive, resourceful and able to make the process smooth. "

"S&D is very responsive, they provide fast responses to our queries and they also have a good understanding of the matters that are being reviewed. In that sense, we can develop a good discussion on the subject."

"The structure of the transaction was quite meticulous yet the firm was able to provide comprehensive assistance during due diligence process up to closing. The lawyer assigned to us has high understanding in water business in Indonesia and was very helpful."

 

Project development

"They understand the legal and existing regulations before we draft an agreement, so we are not in a position that our contracts are in breach of a regulation."

SSEK Legal Consultants

Founded in 1992, independent firm SSEK Legal Consultants is located in Jakarta and has a diversified financial and corporate offering. 

 

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  

Clients General Motors, Mastercard, Macquarie Capital, SoftBank Vision Fund, General Electric, Credo Group, KEB Hana Bank Korea and MNC Land.

 

Client feedback: 31st edition (2020/2021) 

M&A

"One of the few sophisticated domestic firms able to deliver international standard legal support. Knowledgeable and responsive."

"Responsive."

"Personal service and high partner input which is very important. We work with Michael Scott Carl. They understand the local market well and are able to provide commercial advice based on what is likely to be important to international investors, practical considerations and the specific concerns of insurers providing this type of insurance. Commercial and targeted advice."

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 and 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 recognized for its banking and finance and corporate and M&A work.

The banking team focuses on asset finance work, particularly in the aviation space. The M&A has experience in sectors including agriculture, real estate, technology, and mining.

 

Key clients  

The firm’s client list includes the likes of Noble Group, Tencent, Bangkok Bank Public Company, GMRAirports, and Bank DBS Indonesia.

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Communicative, responsive and always giving best solutions."

"Knowledgeable."

"Very good on providing document for signing and agreement."

"Responsive, knowledgeable, friendly."

Wiriadinata & Saleh

Active since 1971, Wiriadinata & Saleh maintains an office in Jakarta.

 

Focusses / specialisms

The firm is active in banking and finance, capital markets, and project development.

Sectors of focus include aviation, banking and financial services, energy, telecommunication and infrastructure.

 

Key clients

Clients include Chailease International Financial Services, China Development Bank, CDB Aviation Lease Finance, Northern Light Holding, and Lion Air

 

Research period review: 30th edition (2019/2020)

 

During the research period the firm was particularly active in the banking space on aircraft financing and leasing matters, Chailease International Financial Services featured as a repeat client.

 

Deal highlights

Castle Tide $8 million loan financing

Malaghans Ridge $32 million aircraft financing

Smart Telecom RMB1.58 billion financing

 

Financial and corporate
Azwar Hadisupani Rum & Partners

Founded in 2018, Azwar Hadisupani Rum & Partners is located in Jakarta and is a member of the Alliott Global Alliance.

 

Focusses / specialisms 

The firm is noted for its project development practice. Sectors of activity include social infrastructure, utilities, energy, mining and telecommunication.

 

Key clients  

Clients include Ministry of Finance Indonesia, Otoritas Jasa Keuangan, Perusahaan Listrik Negara, and Perusahaan Gas Negara.

 

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

During the past year, the firm was active on a high volume of projects mandates, often acting for government entities.

 

Deal highlights: 31st edition (2020/2021) 

Bodri Dam

Borobudur Authority Zone

Cibadak – Pelabuhan Ratu Toll Road

Karawang Public Housing

Karian Barat Raw Water Pipeline

Pasir Kopo Dam

Pekanbaru Waste Water Treatment Plant

 

Client feedback: 31st edition (2020/2021)