The Legal 500

GRAHA CIMB NIAGA, 24TH FLOOR, JL JENDERAL SUDIRMAN KAV 58, JAKARTA 12190, INDONESIA
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Work +62 21 250 5125
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Fax +62 21 250 5001
Web:
www.abnrlaw.com
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Indonesia : Banking and finance

Within Banking and finance, Ali Budiardjo, Nugroho, Reksodiputro is a first tier firm,

Ali Budiardjo, Nugroho, Reksodiputro continues to lead on significant projects and energy financing deals, where it acts as local counsel to a broad mix of lender and borrower clients, including major international financial groups. It recently advised the lenders on a $130m financing for Indonesia’s first independent hydroelectric power plant. Emir Nurmansyah is recommended for his project and debt financing expertise.

Indonesia : Capital markets

Within Capital markets, Ali Budiardjo, Nugroho, Reksodiputro is a second tier firm,

Ali Budiardjo, Nugroho, Reksodiputro has longstanding experience on IPOs, where it acts for both issuers and arrangers. Emir Nurmansyah acted as local counsel to Pertamina in its $2.5bn senior debt offering.

Indonesia : Corporate and M&A

Within Corporate and M&A, Ali Budiardjo, Nugroho, Reksodiputro is a first tier firm,

Ali Budiardjo, Nugroho, Reksodiputro regularly acts on major cross-border M&A and projects sector transactions for a mix of leading Indonesian and international corporate clients. Theodoor Bakker is a key contact.

Indonesia : Dispute resolution

Within Dispute resolution, Ali Budiardjo, Nugroho, Reksodiputro is a third tier firm,

Ali Budiardjo, Nugroho, Reksodiputro represents existing banking and finance clients in disputes, acts in civil court cases, and is particularly regarded for its experience in arbitration matters.

Indonesia : Intellectual property

Within Intellectual property, tier 4

Ali Budiardjo, Nugroho, Reksodiputro advises on IP protection, enforcement and registration matters, as well as on franchising arrangements.

Indonesia : Projects and energy

Within Projects and energy, Ali Budiardjo, Nugroho, Reksodiputro is a first tier firm,

Ali Budiardjo, Nugroho, Reksodiputro recently advised the joint venture behind the $2.8bn Donggi-Senoro LNG project on the local law aspects of financing and operating the plant. It also acted as lenders’ counsel to Korea Eximbank and Sumitomo Mitsui Banking Corporation in the $130m financing for Wampu Electric Power to develop an independent hydroelectric power project, the first under Indonesia’s new regulations. Oene Marseille is a key contact.

Indonesia : Real estate

Within Real estate, Ali Budiardjo, Nugroho, Reksodiputro is a second tier firm,

Ali Budiardjo, Nugroho, Reksodiputro provides financing expertise to commercial and industrial real estate sector clients. Theodoor Bakker is a key contact.

Indonesia : Restructuring and insolvency

Within Restructuring and insolvency, Ali Budiardjo, Nugroho, Reksodiputro is a second tier firm,

Ali Budiardjo, Nugroho, Reksodiputro’s restructuring and bankruptcy team handles corporate and financial restructurings, as well as acting for both borrowers and lenders on insolvency proceedings.

Indonesia : Shipping

Within Shipping, Ali Budiardjo, Nugroho, Reksodiputro is a first tier firm,

Ali Budiardjo, Nugroho, Reksodiputro’s maritime and shipping practice handles complex, high-value shipping matters, including finance work. M Husseyn Umar is now counsel to the firm.


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.