The Legal 500

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Indonesia

Top-tier recommendations

Recommendations


Indonesia

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

The market-leading Ali Budiardjo, Nugroho, Reksodiputro has particular expertise in syndicated loans and secured and structured financing in the projects and energy space. The team recently acted for the lenders in a loan to Pertamina (Persero), with Emir Nurmansyah and Nurdin Adiwibowo leading on the deal. Other highlights included advising the IFC on a $75m loan agreement with Bank Danamon.

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

Ali Budiardjo, Nugroho, Reksodiputro assists issuers and underwriters in both the debt and equity markets. The firm advised Bank Bukopin on a rights offering of $141.4m of shares on the local market. Ricky Nazir, Rita Tyastuti Taufik and Yanny Suryaretina led the team.

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

Locally renowned Ali Budiardjo, Nugroho, Reksodiputro impresses with its ‘incredibly quick response times and well-established team’. Emir Nurmansyah and Oene Marseille led a team advising KKR on the acquisition of a stake in Tiga Pilar Sejahtera Food. Other clients include Mitsui & Co and Noble Group.

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

Ali Budiardjo, Nugroho, Reksodiputro acts for corporate clients in dispute settlement negotiations, representing them before the relevant administrative and arbitration tribunals. The team has been involved in some of the country’s most high-profile disputes recently, where it worked with leading institutions. Sahat Siahaan heads the team.

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Within Intellectual property, tier 4

Ali Budiardjo, Nugroho, Reksodiputro advises on the full range of trade marks, patent and copyright work, as well as franchising matters. Ayik Candrawulan Gunadi is a key contact.

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

Ali Budiardjo, Nugroho, Reksodiputro’s strong project finance practice recently advised the lenders Malayan Banking, EXIM Bank of Malaysia, CIMB Bank, Citibank and RHB Bank on the financing for the design, engineering, construction and operation of a 660MW coal-fired IPP for Lestari Banten Energi. Emir Nurmansyah and Herry Kurniawan led the team.

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

Ali Budiardjo, Nugroho, Reksodiputro focuses on the financing side of real estate transactions. The firm is currently advising Toyota Tsusho Corporation on the purchase of plots of land in Cikarang from the Lippo Group for the development of serviced apartments and facilities. The IFC is another key client. Luky Walalangi is recommended.

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

The team at Ali Budiardjo, Nugroho, Reksodiputro recently advised Mitsui & Co on the IBR350bn structuring of a new subscription of shares by Lippo Group’s affiliated company, Ciptadana Capital. Luky Walalangi heads the team.

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

Ali Budiardjo, Nugroho, Reksodiputro mainly handles complex wet and dry contentious shipping matters, as well as finance work. The firm advises a varied client base on cargo claims, liability issues and vessel collisions among other matters. Marine insurance is another area of expertise. Of counsel M Husseyn Umar is a key name.

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Legal Developments in Indonesia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Indonesian Copyright Law

    On 16 September 2014 the House of Representative revoked Law No. 19 of 2002 (" Old   Copyright Law ") with the Bill on Copyright, which will become law and receive a number upon the earliest of being signed by the President or 30 days (" New Copyright Law "). The New Copyright Law is an effort from the lawmakers to protect the economic and moral rights of creators and owners as the essential element in the development of national creativity.
  • Indonesia Under Review - July 2014

    Negative Investment List   
  • The 2014 Negative Investment List

    The Government has issued Presidential Regulation No. 39 of 2014 (PR 39/2014), which sets out the new negative investment list containing the business sectors that are closed or are partially open to foreign and domestic investment. The new negative investment list will replace the previous list under PR 36/2010, with a view of integrating Indonesia's economy to ASEAN, as well as accelerating development in the regions.
  • The Indonesian Election Process and Contributions to Political Parties and Campaigns

    Article 35 of Law No. 2 of 2008, as amended by No. 2 of 2011, on Political Parties ("Political Party Law") provides for contributions to political parties, Articles 94 to 96 of Law No. 42 of 2008 on Presidential and Vice Presidential Elections ("Presidential Elections Law") provides for contributions to political campaigns, and Law No. 8 of 2012 on the Election of the House of Representatives, the Regional Representative Council and Regional House of Representatives (the "Legislative Elections Law") provides for contributions to House of Representatives campaigns.
  • Indonesia Stock Exchange Revises Rule I-A on Share Listing Requirements

    PT Bursa Efek Indonesia has issued Decision of the Board of Directors of the Indonesia Stock Exchange No. Kep-00001/BEI/01-2014 on an amendment of Rule I-A (" Rule "), on 20 January 2014, coming into force on 30 January 2014, except as discussed below. The Rule sets out the IPO and subsequent share offerings requirements and procedures and listing fees. Notably the revised Rule sets out a free float policy and limits independent directors and commissioners to 2 successive terms.
  • Indonesia Implements Raw Mineral Export Restriction

    Indonesia's Government Regulation No. 1 of 2014 (" GR 1/2014 ") and Minister of Energy and Mineral Resources Regulation No. 1 of 2014  (" ESDM 1/2014 "), enacted on 11 January 2014, implement the ban on raw mineral exports legislated under Law No. 4 of 2009 on Mineral and Coal Mining (" Mining Law "). The two regulations are currently in force. However, the restriction is not in full effect as ESDM exempts 5 minerals from a higher standard of refinement for a period of three years, on the condition that the exporter owns sufficient reserves for eventual smelting and has a credible plan to construct a smelter or jointly process the ores.
  • Export Duty on Processed Metal Minerals

    The Minister of Finance has issued Regulation No. 6/PMK.011/2014, which imposes tax on the export of five mineral concentrates: copper, zinc, manganese, iron and lead. This tax reflects the Government's policy to discourage sales of impure minerals, as an implementation of Law No. 4 of 2009 on Mineral and Coal Mining, which requires processing and purification of minerals.
  • Indonesia Under Review - October 2013

    Legislative Developments
  • 2013 PPP Book Launched by Bappenas with 27 Focused Projects

    The National Development Planning Agency (Bappenas) has published the 2013 Public Private Partnership (PPP) book on 15 November 2013 (" PPP Book "). The PPP Book contains a list of 27 PPP projects currently being offered by the Indonesian government. The projects constitute a shorter, more focused, list compared with prior years, placing emphasis on high priority projects and focusing on ensuring successful implementation. However, the 27 projects do span a wide range in terms of size, location, and stage of completeness.
  • Revised BKPM Regulation on Investment Licenses and Non-License Facilities

    Head of the Indonesian Investment Coordinating Board ("BKPM") Regulation No. 12 of 2013 ("BKPM 12/2013") on the Amendment of Regulation No. 5 of 2013 ("BKPM 5/2013") on the Guide and Procedure of Investment Licenses and Non-Licenses has been issued on 11 September 2013, and came into force on 18 September, just over 5 months after BKPM 5/2013, issued on 8 April 2013, which is revises in order to tone down some of the more onerous provisions of the investment licensing regime. Most notably it retreats from the earlier infringement on the Capital Market regulatory regime by removing Article 49, which classified listed companies controlled by foreign shareholders as foreign direct investment companies (PMA), with the resulting application of a range of investment and operating restrictions.