The Legal 500

Within Banking and finance, Makarim & Taira S. is a second tier firm,

Ratna Iskdandar and Gregory Ranslam lead the team at Makarim & Taira S., which recently advised UniCredit Bank on $50m-worth of export credit facilities to several Indonesian companies. The team also represented a subsidiary of HSBC on the provision of $20m-worth of term-loan facilities to Teguh Swakarsa Sejahtera among others.

Within Capital markets, Makarim & Taira S. is a second tier firm,

Makarim & Taira S. has a solid capital markets pedigree and regularly advises borrowers particularly in the energy and natural resources sectors. Ratna Iskandar is recommended.

Within Corporate and M&A, Makarim & Taira S. is a second tier firm,

Makarim & Taira S. recently advised Sara Lee in the sale of its majority shares in the Indonesian-listed PT Sara Lee Body Care to Unilever. Other standout transactions included representing Sumitomo Corporation and GDF Suez in the acquisition and investment in Supreme Energy’s geothermal business. Richard Cornwallis heads the team, and Tasdikiah Siregar is also recommended.

Within Dispute resolution, tier 4

Makarim & Taira S. advises existing clients on both criminal and civil cases. Practice head Rahayu Ningsih Hoed recently led a team that advised offshore pile-driving company Menck on the enforcement of an international arbitration award in Indonesia.

Within Employment, Makarim & Taira S. is a first tier firm,

The well-respected team at Makarim & Taira S. continues to service mainly international clients and is particularly praised for its white-collar practice. It recently advised Waterford Wedgwood on termination of employment contracts that resulted in IDR1.5bn of severance payments. Rahayu Ningsih Hoed is recommended.

Within Projects and energy, Makarim & Taira S. is a second tier firm,

Makarim & Taira S.’s team has been particularly active advising clients on mining acquisitions. Standout mandates included representing both ESCO Corporation and Asia Resources Holdings on two separate acquisitions of mining companies. Practice head Rahayu Ningsih Hoed and Gregory Ranslam are recommended.

Within Real estate, Makarim & Taira S. is a first tier firm,

Rahayu Ningsih Hoed heads a team at Makarim & Taira S. that recently advised PT Affinity Health Indonesia on a land acquisition for the extension of a hospital building. Other highlights included representing PT Central Java Power on the purchase of land as an ash disposal site.

Within Restructuring and insolvency, Makarim & Taira S. is a second tier firm,

Makarim & Taira S. recently represented Korea Securities Finance Corporation on the bankruptcy of Arpena Pratama Ocean Line.