The Legal 500

MENARA STANDARD CHARTERED, 19TH FLOOR, JL PROF DR SATRIO NO 164, JAKARTA 12930, INDONESIA
Tel:
Work +62 21 2553 2019
Fax:
Fax +62 21 2553 2020
Web:
www.darsalaw.com
Email:

Indonesia : Banking and finance

Within Banking and finance, Melli Darsa & Co. is a third tier firm,

Melli Darsa & Co. recently advised Standard Chartered Bank on a $1bn syndicated leveraged financing facility to Borneo Lumbung Energi & Metal. Zippora Siregar and Melli Darsa are the key contacts.

Indonesia : Capital markets

Within Capital markets, Melli Darsa & Co. is a first tier firm,

At Melli Darsa & Co., highly regarded name partner Melli Darsa represents local companies and international financial groups. Highlights included acting as local counsel to Indika Energy on the sale of its shares in Petrosea through a private placement, and advising UBS and Morgan Stanley as the underwriters to Alam Sutera Realty’s $150m senior notes issue. Elizabeth Silalahi left to join a global consultancy firm.

Indonesia : Corporate and M&A

Within Corporate and M&A, Melli Darsa & Co. is a second tier firm,

Melli Darsa & Co.’s ‘good-quality’ corporate practice has strong connections to international clients. Melli Darsa acted for Haier Group on the local aspects of its acquisition of Sanyo Electric’s Asian businesses. Sugianto Osman left to join Ginting & Reksodiputro in association with Allen & Overy.

Indonesia : Restructuring and insolvency

Within Restructuring and insolvency, Melli Darsa & Co. is a second tier firm,

Melli Darsa & Co. has strong experience in debt restructurings of both private and publicly listed companies across various industries. Its previous clients include Bank Mandiri and Asia Pulp & Paper Group.


Further information on Melli Darsa & Co.

Please choose from this list to view details of what we say about Melli Darsa & Co. in other jurisdictions.

Indonesia

Offices in Jakarta

Legal Developments in Indonesia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New BKPM Regulation on Investment Licenses and Non-License Facilities

    Indonesia's Investment Coordination Board ("BKPM") issued Regulation No. 5 of 2013 on the Guide and Procedure of Investment Licenses and Non-Licenses (" Regulation 5/2013 "). The regulation replaces its predecessor Regulation No. 12 of 2009 (" Regulation 12/2009 ") and serves as the principal regulation that governs the procedure on investing in Indonesia and obtaining tax and other facilities. Regulation 5/2013 comes into force 30 working days after 12 April 2013. This newsletter will highlight important changes under Regulation 5/2013.
  • Implementation of the 40-30-20 Bank Ownership Rule

    In July 2012, Bank Indonesia issued Regulation No. 14/8/PBI/2012 on Shareholding in Retail Banks (" Regulation "). The Regulation caps single ownership in a retail bank for banks, non-bank entities, and individuals at 40-30-20% respectively (the so-called "40-30-20 Rule"). BI issued the Regulation as part of its policy to break up concentrated shareholding, diversify shareholders and improve bank governance.
  • REDD+ Implementation and Deforestation Moratorium Status

    Efforts to implement REDD+ in Indonesia first began with President Susilo Bambang Yudhoyono’s speech at the G20 Leaders Summit in Pittsburgh, USA on 25 September 2009, to reduce emissions from LULUCF (Land Use, Land Use Change and Forestry) by 26% by 2020 and by 41% with international support. The President’s commitment to reduce emissions was followed by Letter of Intent between the Government of the Republic of Indonesia (“GoI”) and the Government of the Kingdom of Norway on Cooperation on Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation (“LoI”), signed on 26 May 2010. This LoI also includes partnership to implement REDD+ and financial contribution from Norway to finance the efforts of REDD+ implementation in Indonesia.
  • Sarulla Business Viability Guarantee Issued

    On 11 April 2013 the Ministry of Finance issued a Business Viability Guarantee Letter (BVGL) for the Sarualla geothermal power project company pursuant to Minister of Finance Regulation No. 139/PMK.011/2011 on PLN’s Business Viability. Following the signing of the Energy Sales Contract (ESC) and Joint Operation Contract (JOC) on April 4 this allows the Sarulla project to proceed with implementation, having been initiated on 27 February 1993 but later stalled due to the 1997 financial crisis.
  • Latest Banking Law Draft

    The DPR is currently discussing the Draft Banking Law (“Draft Law”), which will repeal the current Banking Law (Law No. 7 of 1992 as amended by Law No. 10 of 1998 “Banking Law”) upon enactment. The most important changes that the Draft Law will introduce are:
  • Green Shoe Option Concept in Indonesian IPOs

    A . Introduction
  • Acquittal in an AGO-prosecuted Corruption Case Sets Out the Limits of the Law

    The Jakarta Corruption Court, a court of first instance for corruption crimes, acquitted former Merpati Airlines Director Hotasi Nababan of corruption charges. Mr. Nababan was charged over an aircraft lease agreement that went awry. Under the agreement, Merpati leased two airplanes from a US-based corporation - the two aircraft were never delivered despite Merpati having paid the security deposit. At this time, the Attorney General’s Office (AGO) has decided to appeal the decision.
  • Indonesia Under Review - March 2013

    Politics
  • US IRSs FATCAs Effects on Indonesian Financial Institutions

    What Is FATCA?
  • New Bank Indonesia Regulation on Customer Due Diligence

    Bank Indonesia has issued Regulation No. 14/27/PBI/2012 (“PBI 14/2012”) on the Implementation of the Anti Money Laundering and Prevention of Terrorism Funding for Banks to replace Bank Indonesia Regulation No. 11/28/PBI/2009. PBI 14/2012 was issued on 28 December 2012, with immediate effect, and applies to commercial banks, sharia banks and branches of foreign banks.