Established in 2023, AGI Legal is a fully licensed Indonesian law firm with an office in Jakarta. The firm is an associate firm of Allen & Gledhill Singapore, operating as part of the A&G Asia network.
The firm specialises in key practice areas including banking and finance, capital markets, corporate and commercial matters, corporate real estate, energy, infrastructure and projects, restructuring and insolvency, technology, media and telecommunications, fintech and M&A.
Highlights
Recent examples of the firm's work include advising Lippo Malls Indonesia Retail (LMIR) Trust on a term loan facility from Bank Mandiri, featuring an innovative cash account management agreement that established a structured cash flow prioritisation framework for debt servicing across multiple subsidiaries.
The firm also advised Oversea-Chinese Banking Corporation (OCBC) on its voluntary unconditional general offer for Great Eastern Holdings Limited through J.P. Morgan, navigating sophisticated cross-border regulatory requirements and SGX delisting considerations for this major financial institution transaction.
Key clients
LMIR Trust, OCBC, J.P. Morgan
Founded in 2020, Karna Partnership is an Indonesian law firm with a core focus on corporate and commercial law. The firm's practice encompasses company restructuring, mergers and acquisitions, capital markets and commercial dispute resolution.
The firm is associated with Withers, a premier international law firm with a global presence across the US, Europe and Asia.
Highlights
Recent examples of the firm’s deal work include advising Sele Raya on its joint study of the Amanah oil and gas block with partners Medco Energi and KUFPEC, and in the subsequent negotiations and execution of the production sharing contract for the block with the Government of Indonesia. The transaction involved one of only five oil and gas blocks tendered in Indonesia's first 2024 bidding round.
Other highlights include advising Artotel Group in preparing the security documents for a convertible bond issued to its existing investor, Indies Capital.
Key clients
Artotel, Aftech, Sele Raya Group, and FIBA .
Founded in 2017 by Aurora Nia Holm, Kyora Law Firm is an Indonesian boutique law firm specialising in corporate law. The firm's practice focuses on banking and finance, business restructuring and insolvency, commercial dispute resolution and corporate compliance, with a dedicated focus on the technology and internet sectors. The firm primarily represents venture capital companies, startups and foreign enterprises conducting business in Indonesia.
Highlights
Recent examples of the firm’s deal work include advising TOLL Logistics (Asia), a Singapore-based company, on its investment into Indonesia through SPIL Toll Indonesia. This cross-border investment required navigating the complex legal and regulatory frameworks of both Singapore and Indonesia. A key challenge was ensuring full compliance with Indonesia's foreign investment laws (PMPMA) while structuring the sophisticated loan-to-equity conversion.
Other highlights include advising Bukit Hijau Uluwatu on a complex multi-party investment in Indonesia involving 16 distinct investors. The transaction's primary challenge was coordinating the diverse interests of all 16 parties while navigating Bali's unique and complex land ownership landscape.
Key clients
Pundi Kencana, PLTGU Sengkang, Mining Barkah Maju, Julo Teknologi Finansial, Toll Logistics (Asia), SC Lowy, Natixis, Perusahaan Pengelola Aset, Bank Permata, QNB Bank, and Credit Suisse,
Testimonials
Restructuring and insolvency
“Precise and meet our needs.”
“With a reasonable pricing in comparison with other local firms. They had a team of lawyers who are responsive, having great communication skills and practical knowledge.”
Christo Yosafat
“Responsive, communicative and knowledgeable.”
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 telecommunications.
Key clients
Notable clients include Jasa Marga (Persero), Waskita Toll Road, Astra Tol Nusantara and Bright East Investment.
Munde Herlambang & Partners Law Firm (MHP) is a full-service commercial litigation and corporate law firm based in Jakarta. The firm's clients range from individuals and middle enterprises to leading business companies in Indonesia, including multinational companies. It covers a broad diversity of commercial practice, from general corporate, banking and finance, and international trade, to anti-trust, bankruptcy and suspension of debt payment obligation.
Highlights
Recent examples of the firm’s work include advising state-owned enterprise Brantas Abipraya (Persero) in the bankruptcy proceedings of Sapta Tunggal Mulia. The case required navigating complex bankruptcy procedures where creditor repayment depended entirely on asset liquidation results. Other highlights include advising Coalindo Adhi Perkasa in its debt restructuring proceedings.
Key clients
Adhi Commuter Properti, Coalindo Adhi Perkasa, Adhi Karya (Persero), and PT Brantas Abipraya (Persero).
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.
The firm is best known for its banking and projects finance work and has strong offerings in capital markets, M&A, project development and restructuring.
Highlights
Recent examples of the firm’s deal work include advising a consortium of aircraft lessors, manufacturers and key aviation creditors, holding nearly 50% of the total debt, in the court-supervised restructuring of PT Garuda Indonesia (Persero). This engagement was the largest court-sanctioned restructuring in Indonesian history by asset value and creditor participation, establishing it as one of Southeast Asia's most significant debt restructurings.
Other highlights include advising the International Finance Corporation on its innovative investment in Indonesia's GoTo Gojek Tokopedia. By creating separation between bondholders and GoTo except at enforcement, the deal required groundbreaking analysis of corporate, securities and bankruptcy implications for assetless special purpose vehicles. This landmark transaction establishes a new template for complex cross-border fintech financing.
Key clients
China Merchants Port Holdings Company, KK Group Company Holdings, Yamato Kogyo (Japan), Top Global, Columbia Asia Healthcare, Ningbo Contemporary Brunp Lygend, and Kawasaki Kisen Kaisha (K Line).
Testimonials
Capital markets
“Expertise in Indonesia regulatory space.”
M&A
“Expert and up to date regarding the regulations in Indonesia. Very attentive team that will be able to cope with the requirements from overseas legal counsellors.”
Project finance
“ABNR is thoughtful and considerate of issues facing lenders and in highlighting the possible downside risk. They don't cut corners and do not oversimplify the issues.”
Novario Asca Hutagalung
“Very attentive in meeting the requirements of the various overseas legal counsels at the given timeline.”
Emir Nurmansyah
“Careful and detailed consideration of downside risk.”
“Knowledge and expertise.”
Founded in 2001, full-service law firm 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 an office in Surabaya. It also extended its presence throughout the region with its membership of the Rajah & Tann Asia network. The firm has approximately 32 partners.
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.
Highlights
Recent examples of the firm’s deal work include advising MD Pictures, a leading Indonesian film producer, on its acquisition of control over television network Net Visi Media (NETV). The multi-layered transaction involved purchasing and assigning existing loans, converting debt to equity, and securing novel acquisition financing from a domestic bank, a rarity in Indonesia's market due to regulatory constraints.
Other highlights include advising Sorik Marapi Geothermal Power (SMGP) in its debut $350 million senior notes issuance, listed on the SGX. This landmark transaction marks the first project bond issuance from Southeast Asia since 2020.
Key clients
MD Entertainment, Loka Holdings, ABM Investama, Bukit Makmur Mandiri Utama, Medco Energi Internasional, Merdeka Battery Materials, Medco Power Indonesia, Government of Indonesia, and Indonesia Infrastructure Finance.
Testimonials
Banking
“The team is efficient and reliable.”
Capital markets
“They are helpful and experienced.”
Daohong Zhou
“Fluent in both English and Chinese.”
Mohammad Renaldi Zulkarnain
“He's good.”
Located in Jakarta, boutique firm Bagus Enrico & Partners was founded in 2009. The firm is led by Bagus Nur Buwono who serves as managing partner.
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.
Highlights
The banking team was active in domestic financing work. It also advised on financial services regulatory matters.
In M&A, the firm was mostly active in strategic deals with clients from the fintech, 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.
Key clients
Verena Multi Finance, Bank Mizuho Indonesia, Nuvei, Chememan, Sekarbumi Makmur, Karma Royal Group, Jazz Hipster Corporation, Rohas-Euco Industries, and Jinhui (Singapore) Industrial.0
Testimonials
M&A
“I had the opportunity to work directly with Wisnu and Pak Enrico, and their professionalism, responsiveness, and clear communication really stood out. They provided practical, well-structured legal advice and were proactive in identifying potential challenges early in the process. Their ability to navigate complex regulatory landscapes efficiently made the entire experience smooth and reassuring.”
Wisnu Aji Wiradyo
"He is highly responsive and accessible, making collaboration efficient. He provides clear and informative guidance, and when a matter falls outside his direct expertise, he ensures the right specialists are engaged. His proactive communication and steadfast commitment to follow-through are particularly commendable."
Bagus Nur Buwono
“Mr. Bagus's services and expertise are highly valued. He handles clients with great politeness and kindness and demonstrates a strong sense of responsibility in meeting all deadlines.”
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.
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.
Highlights
Recent examples of the firm’s banking work include advising the borrower in securing an onshore loan from MUFG Bank for investment loan refinancing. This transaction marked MUFG's strategic entry into Indonesia's personal banking sector, requiring development of a novel credit evaluation framework and navigation of complex regulatory requirements. This establishes a new benchmark for personal banking in Indonesia's highly regulated financial landscape.
Other highlights include advising HSBC in a cross-border financing facility for an international logistics company. The transaction's complexity stemmed from its multi-jurisdictional structure, involving a Singapore-based lender and a borrower group with operating subsidiaries across six Asian countries, including Indonesia.
Key clients
Bank Permata, TBS Energi Utama, Trimegah Sekuritas Indonesia, Artha Mahiya Investama, and Itsec Asia .
Established in 2020, H & A Partners in association with Anderson Mori & Tomotsune is one of the biggest law firms in Japan with multi-regional office networks throughout the Asia-Pacific region.
The firm’s strength is in M&A such as joint ventures, asset acquisitions, mergers, private acquisitions, real estate acquisitions and private equity.
Highlights
Recent examples of the firm’s deal work include advising Shikoku Electric Power (Yonden) on its landmark entry into the Indonesian energy market through the acquisition of a stake in Hero Global Investment (HGII). The deal involved extensive due diligence on over five green energy power plants. The firm designed the transaction structure to balance all parties' interests concerning permits, carbon credits, and taxation. A key feature of the innovative structure was the strategic decision for HGII to undertake a public listing prior to Yonden's share purchase, facilitating a successful market entry.
Key clients
Shikoku Electric Power (Yonden).
Testimonials
Project finance
“Their approach is from a legal aspect, and their partners are capable in providing input and solutions.”
Steffen Hadi
“He is very good at communicating and very knowledgeable.”
Founded in 2004, Hendra Soenardi is a Jakarta-based boutique law firm with extensive international experience. The firm is supported by a team of six partners and 18 associates.
It focuses its practice on key corporate and transactional areas, including corporate and M&A, banking and finance, projects, energy and infrastructure, as well as telecommunications, media, and technology. The firm also handles international dispute resolution.
Highlights
The firm demonstrated strong visibility in project finance and project development, advising on several confidential, market-leading transactions.
The project finance team maintained an active practice, representing a diverse clientele of both lenders and borrowers on domestic and cross-border financings.
In the projects sector, the team was engaged across multiple industries, including electricity, energy and power, showcasing its broad sector expertise and capacity to handle complex, multi-jurisdictional matters.
Key clients
Adaro Group, Sinar Mas Group, Oto Group, Agung Podomoro Group, Yadea International, TotalEnergies, Kalimantan Industrial Park Indonesia, and Adaro Tirta Brayan.
Testimonials
Project development
“Quick response, cooperative, open minded and knowledgeable.”
Raisa Rinaldi
“Cooperative, responsive and knowledgeable.”
Established in 1996 by its two founding partners, Pheo M. Hutabarat and Nini N. Halim, Jakarta-headquartered law firm Hutabarat Halim & Rekan is one of the most reputable commercial law firms in Indonesia. The firm's comprehensive expertise spans capital markets, banking and finance, M&A, corporate investments, and energy and natural resources.
Since 2019, the firm has strengthened its international capabilities as the Indonesian member of Meritas, a premier global alliance of independent law firms.
Highlights
The firm demonstrated strong activity across its core corporate practice areas. In banking, it maintained a balanced practice, representing both borrowers and lenders in refinancing and loan facilities, including a recent mandate advising PNC Bank.
The capital markets team guided multiple issuers on overseas IPOs, while the corporate group remained active in both public and private M&A. This included handling joint ventures and acquisitions, supported by comprehensive due diligence and regulatory advisory services.
Key clients
ARA AG, PNC Bank, Paramitra Alfa Sekuritas, Bank Muamalat Indonesia, Prudential Life Assurance, Johnson Controls, Telstra Enterprise International, Miclyn Express Offshore, Leong Ayamsatu Primadona, and Aura Group.
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.
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 the World Law Group and World Services Group.
Highlights
Recent examples of the firm’s deal work include advising Freeport Indonesia (PTFI) on its acquisition of a controlling stake in Smelting through a sophisticated debt-to-equity swap. The transaction was highly complex due to its multi-layered structure. The debt conversion triggered a mandatory change-of-control process, requiring meticulous adherence to Indonesian acquisition rules.
Other highlights include advising Grab Holdings on its acquisition of the Chope group of companies, a leading Singapore-based restaurant reservation platform. This acquisition is a strategic expansion for Grab. The primary legal challenge involved the seamless integration of Chope's existing business, particularly in Indonesia.
Key clients
Freeport Indonesia, Azelis Group, and Grab Holdings.
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.
Highlights
The firm successfully executed Indonesia's first go-private transaction under OJK Regulation 3/2021. The firm pioneered a novel solution by combining the OJK process with the Afwezigheid (absentee) procedure from the Indonesian Civil Code. After obtaining a court decree to transfer unreachable shares to the Heritage Office, Makes coordinated with regulators and securities companies to implement the ruling. This groundbreaking approach resolved a long-standing market challenge, establishing an efficient precedent for future go-private transactions in Indonesia.
Other highlights include advising a client on the strategic acquisition of Mahkota Prima Properti, the owner of Jakarta's prominent Capital Place Tower. This high-stakes transaction required navigating multiple legal challenges. A key complexity involved the building's integration with the Four Seasons hotel under an Indonesian condominium association (P3SRS), requiring sophisticated navigation of shared facility governance.
Key clients
OMS Group, Summarecon Agung, Agung Podomoro Land, Lippo Mall Indonesia Retail Trust, TIS Petroleum (Asia), Profesional Telekomunikasi Indonesia, Indonesian Paradise Property, Lippo Karawaci, Bank Syariah Indonesia, and Bank Mandiri (Persero).
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.
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.
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.
Highlights
During the research period, the firm maintained an active M&A practice, handling cross-border and domestic strategic transactions for both buyers and sellers. Key mandates included advising Mineral Mas Abadi and Mitra Mas Investama on a multi-stage corporate group formation and representing Formosa Plastics Indonesia in the sale of a land and factory asset to Sariguna Primatirta.
In project finance, the team primarily advised borrowers, notably assisting Cimanggis Cibitung Tollways in securing a loan facility from Indonesia Infrastructure Finance. This transaction supported the vital JORR S2 toll road, a 110.8 km national strategic project connecting Cengkareng to Tanjung Priok.
Key clients
Mineral Mas Abadi, Mitra Mas Investama, Wahana Newbury Sira, Sariguna Primatirta, Aneka Citra Refrindo, Cimanggis Cibitung Tollways, Air Bandung Timur, O-Bank, Bosowa Multi Finance
Testimonials
Banking
“SIAR was among those shortlisted by the lender. We found them to be the most approachable and best aligned with our needs, particularly in terms of commercial sensibility and timely project delivery. Their teams consist of project financing specialists with strong expertise in both commercial and technical.”
“The firm has in-depth understanding of banking and finance transactions, particularly in complex syndicated loan structures for infrastructure projects. Their team demonstrated strong legal expertise, responsiveness, and a solutions-oriented mindset throughout the process. We appreciated their ability to break down complex legal terms into practical advice, which greatly facilitated our internal decision-making.”
“Their professionalism, attention to detail, and ability to coordinate with various stakeholders, including banks, notaries, and our internal departments, ensured the smooth execution of the project. Their familiarity with regulatory frameworks and practical experience made them a valuable legal partner for us in navigating the transaction efficiently and in compliance with all requirements.”
M&A
“Has good knowledge of corporate acquisition. Quick and fast response for any inquiries.”
“The team is highly professional, expert, and resourceful, distinguished by their helpful nature, fast response times, and strong sense of responsibility.”
“The team provides dedicated support to all Bosowa companies for their offshore transactions and IPO preparations.”
Fidi Hania
“Fidi Hania was the main contact from SIAR during our financing project. Her knowledge and expertise as the main contact between us as the borrower and the lender was appreciated.”
Ella Irdamis
“Expertise in merger and acquisition, banking finance and loan restructuring.”
N. R. Zela Syah Putri
“She is very responsive.”
“She provides fast responses and proper answers to all my inquiries.”
David Siahaan
“He demonstrates strong expertise in corporate law and excellent problem-solving skills. He is highly responsible and consistently provides quick, effective responses.”
“Quick response. Good in corporate law acknowledgement.”
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.
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.
Highlights
The banking team represented both lenders and borrowers in domestic financings, including advising PT Performance Motors Indonesia on its facility agreement with PT Bank ANZ Indonesia to ensure compliance with Indonesian law and corporate governance requirements.
In capital markets, the firm served as Indonesian counsel to the Government of Indonesia for its international sovereign debt programme. This involved advising on Securities and Exchange Commission (SEC) shelf registrations, the global medium-term note programme, and liability management exercises, navigating the complex multi-jurisdictional framework of US SEC regulations and Indonesian law.
Key clients
Teknologi Usaha Nusantara (Broom), Humpuss, Blackstone Singapore, and Saint-Gobain S.A.
Active since 2016, Jakarta-headquartered TnP Law Firm (Formerly TJAJO & Partners) is a well-respected corporate practice recognized for its strong banking, capital markets, M&A, and restructuring expertise. The firm maintains long-standing relationships with multinational corporations, financial institutions, and government entities across various sectors, building on its established reputation in Indonesia's legal market.
Highlights
The firm maintained strong activity across its core corporate practice areas during the research period. The banking team demonstrated versatility by representing both lenders and borrowers across domestic, acquisition, and project financing mandates.
In capital markets, the firm handled both debt and equity matters, advising issuers on shelf bond offerings, sustainable bonds, and shelf-registered bonds for debt transactions, while guiding clients through IPOs, rights issues, and private placements on the equity side.
The M&A practice achieved particular prominence through its representation of Jasa Marga (Persero), Indonesia's state-owned toll road operator, in a landmark $1 billion equity financing with a consortium comprising GIC and Metro Pacific Tollways. This transaction establishes an important precedent for future public-private partnerships in Indonesia's infrastructure sector.
Key clients
Bank Negara Indonesia, Bank Mandiri, Alter Abadi, Petrosea, Vale Indonesia, Petrindo Jaya Kreasi, Jasa Marga (Persero), Dayamitra Telekomunikasi, Pelindo Group, Injourney Tourism Development Corporation (ITDC), Perusahaan Pengelola Aset (PPA)
Testimonials
Banking and finance
“TnP Law Firm strives to always deliver their works on time without jeopardizing the quality of the work, and their Partner Melissa is quick to grasp the client's needs and managed to always come up with strategy and solutions to fulfil the client's needs.”
“TnP Law Firm had shown deep and extensive expertise in the field of banking and finance during the work with us. They are also easily to communicate with and to be reached out therefore we can address our concern appropriately and their work was delivered in timely manner. We are happy with their work.”
Capital markets: Equity
“Extensive knowledge to capital market regulations as well as the experience or best practice in providing legal advice for the capital increase transaction.”
M&A
“TnP has technical expertise combined with local practice knowledge. On top of that TnP shows very high commercial sense. The team from partner level to the working team is very supportive.”
“What makes TnP Law Firm in Indonesia stand out is their extensive experience in advising and representing state-owned enterprises (SOEs). Their legal considerations are well-aligned with the regulatory framework and practical realities specific to our operations. In addition, TnP Law Firm in Indonesia is able to deliver accurate legal reviews and assessments within a relatively short timeframe, which has been critical to our decision-making processes.”
Project finance
“They seemed to be mastering the regulations and have an experienced team to work with.”
Others
"TnP provides experienced and excellent legal consultant and advisor with deep understanding in each project enabling our management to make proper decisions."
"TnP Law Firm was really helpful in answering company's enquiries regarding the process, assisting the company preparing documents and also helping company in providing feedbacks and response needed by the authority. "
Melissa Butarbutar
“Melissa consistently provides well-considered legal advice that takes into account not only legal and corporate aspects, but also relevant industry practices, particularly among other Indonesian state-owned enterprises (BUMNs). Her insights are always enlightening and tailored to the practical realities we face.
We have frequently received constructive suggestions from her including timely reminders on seemingly minor yet critical matters, such as alignment with our Articles of Association or the need for shareholder approval, which could easily be overlooked. Her attention to such details is highly valuable.
Melissa is also highly responsive and accessible, even in urgent situations. She is able to promptly deliver clear preliminary advice, followed by a comprehensive legal analysis, either directly or through her team, within the timeline we require. This reliability and depth of support have made her a trusted legal advisor for our team.”
“She is always ready for a quick phone call to discuss urgent matters and can grasp our needs quickly and provides proposed solutions within a timely manner.”
Eldwin Islamey
“He did a good job in the delivery of our mother vessel from the seller.”
Brahmantyo Jatiwidianto
“Very good in communication and accommodating our needs.”
Ken Prasadtyo
“Ken Prasadtyo has a really good knowledge about capital market regulations and extensive experience in providing legal advice as well as problem solving skill in overcoming any issue within the completion of the transaction.”
Frans Sihasale
“He is great to listen and give prompt feedback whenever we have concerns during our work together.”
Founded in 2017, up-and-coming law firm UMBRA is located in Jakarta and is helmed by managing partner Pramudya Oktavinanda. The firm has high-quality banking and restructuring practices and is also strong in capital markets, M&A and project development.
Highlights
Recent examples of the firm’s deal work include advising the Government of Indonesia's landmark dual-currency global bond issuance. This SEC-registered offering represents the government's fifteenth global bond in this format and its largest-ever USD/EUR issuance. The dual-currency structure diversified the investor base, while the euro tranche marked only the second-ever sustainable development goals bond in that currency.
Other highlights include advising Indonesia Investment Authority (INA), the nation's sovereign wealth fund, in the landmark early retirement of the Cirebon-1 coal-fired power plant. This is a pioneering and highly complex transaction, being the first of its kind in Indonesia.
Key clients
Pelabuhan Indonesia, Accial Capital, Danareksa, Telkom Indonesia, Jasa Marga, Bank Tabungan Negara, Perusahaan Gas Negara, TBS Energi Utama, Indonesia Power, and Aneka Tambang (Antam).
Testimonials
Banking
“UMBRA is a safe pair of hands. Very proactive and commercially minded. Putu and his team helped us navigate the complexities of the Indonesian legal landscape.”
Tazkia Shifa Azzahra
“Always provides swift responses and available at any time.”
Putu Raditya
“Manages the team well, ensuring good service quality. Provides good partner supervision without overservicing.”
Founded in 2017 by managing partner Luky Walalangi, Walalangi & Partners is a domestic is a corporate law firm that enhanced its practice by entering into a full association with Japan’s largest law firm Nishimura & Asahi.
The firm’s main areas of practice include merger and acquisition, banking and finance, real property, project development, foreign direct investment, antitrust, debt and corporate restructuring, capital markets, employment, general corporate, TMT, energy and natural resources and constructions.
Highlights
The firm maintains a strong presence in both M&A and project development, advising on several innovative transactions.
Recent M&A highlights include representing Mitsubishi UFJ Financial Group (MUFG) and Bank of Ayudhya in their strategic acquisition of consumer finance platforms in Southeast Asia, a complex cross-border deal requiring navigation of multiple regulatory frameworks, including engagements with central banks and financial authorities in Indonesia and the Philippines.
In projects, the firm advised Sembcorp Development on its partnership with Panbil Group to develop a 100-hectare low-carbon industrial park in Batam. The transaction established a pioneering structure integrating renewable energy solutions with industrial development, setting a regional precedent for sustainable infrastructure.
Key clients
MUFG Bank, Ascent Fund, Mizuho Bank Indonesia, Toyota Tsusho Corporation, Tokyo Gas, Itochu Corporation, Fujitsu, Paccor Belgium NV, Mitsubishi Corporation, Sumitomo Corporation, Tokyo Electric Power Company (TEPCO)
Testimonials
M&A
“Good technical quality of work. Sensible advice, fast response time, value added work regarding updates in law.”
Project development
“One of the key strengths of Walalangi & Partners is their responsiveness and ability to deliver within tight deadlines, which was crucial for our transaction timeline. A few members of their team demonstrated strong technical legal expertise, especially in drafting and spotting legal risks. Their structured work process and clarity in scope also provided predictability in managing expectations.”
Miriam Andreta
“Miriam Andreta is highly structured and diligent in managing timelines and deliverables. She ensures the engagement stays within scope and moves efficiently, which is valuable in transactions with tight deadlines. She also demonstrates strong command of legal drafting.”
Luky Walalangi
“Communication and client involvement. Luky is honest and upfront on fees and also a good technical lawyer.”
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 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)
Project development
"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."
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.
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.
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 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.
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)
Banking and finance
"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."
M&A
"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."
Widjojo Budiarto
"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."
Melisa Kristian
"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. "
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 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.
Focusses/ specialisms
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.
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 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.
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.
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."
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)
Banking and finance
"They are very helpful in terms of providing solutions for both parties (lender and borrower) so negotiation can run smoothly."
M&A
"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."
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.
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.
Focusses/ specialisms
The firm is well known for its energy, infrastructure and projects (EIP), mergers and acquisitions, and banking and finance sectors.
Key clients
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)
M&A
"Very good knowledge of the sector and the Indonesian legal system. They are very responsive and provide valuable, quality work."
Project development
"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."
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.
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.
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.
Focusses/ specialisms
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.
Key clients
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.
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 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
Notable clients include Millennium Challenge Corporation, Sinosure and China Development Bank.
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
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.
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)
M&A
"Roosdiono has been very helpful in giving us recommendations and highlighting red flag issues."
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.
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.
Highlights
The firm was highly visible in insolvency work, during the research cycle, it advised on several confidential transactions.
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.”
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.
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.”
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.
Focusses/ specialisms
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.
Key clients
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 is an Indonesian law firm with a global network providing legal audits, documents and advisory services. The firm is based in Jakarta Pusat.
Focusses/ specialisms
The firm is active in bankruptcy and restructuring.
Sectors of activities include finance, construction and maritime.
Key clients
Notable clients include Berlian Laju Tanker and Jakarta International Expo.
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.
Highlights
On the equity capital market front, the firm advised Hatten Bali on its initial public offering (IPO). The deal was a complex one as the issuer was the first wine producer in Indonesia to carry out an IPO and there were several crucial issues to be resolved because the alcoholic beverage business sector in Indonesia is closed to new investment.
Key clients
Tripar Multivision, Hatten Bali, Ecocare Indo Pasifik, Era Digital Media, Cakra Buana Resources Energy, LPEI, IIF, MIND.ID, INALUM
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.
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.
Highlights
The firm has been active in banking and finance, corporate and M&A, and project development work during the research cycle.