ABNR Counsellors at Law is well-regarded in the market for offshore and onshore financings, including domestic and cross-border syndicated and bilateral lending transactions, and leveraged and acquisition finance. The firm is active in the projects and infrastructure sector, advising on public-private partnership (PPP) projects and project finance initiatives (PFIs), and handles loan restructuring and Islamic finance matters. The team is headed by Emir Nurmansyah, who has over 30 years’ experience in the sector and has particular expertise in the financing of large power projects. Elsie Hakim is a name to note for M&A, regulatory and compliance issues in the banking and finance sector, while Nurdin Adiwibowo stands out for his knowledge of foreign direct investment (FDI) and aviation finance. Giffy Pardede is another name for project finance and counts domestic state-owned banks and international lenders among his clientele; he has handled deals in the oil and gas, financial services, manufacturing, healthcare and automotive sectors, among others.

The banking and finance team at Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is led by Tjahjadi Bunjamin and Adrianus Adritomo, and leans on its global network for support on cross-border transactions, which it handles on a regular basis. Key areas of strength for the practice include financial services regulation, foreign investment, project finance and fintech matters. Bunjamin is a founding partner of the firm and acts for multinational financial institutions and leading domestic companies on cross-border financing transactions and capital markets matters. Adritomo is a key name for financing matters and deals with project financing, debt restructuring, bilateral, club or syndicated loans and acquisition financing among other areas.

The ‘diligent, detailed and communicative’ team at Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia is led by Fajar Ramadhan and acts for lenders, underwriters and arrangers on secured loan and structured finance transactions. Project finance is a key strength for the practice, where it advises large international and domestic energy and natural resources companies on the financing of new projects. Ramadhan has considerable experience in debt restructurings, project finance, security structures and enforcement, as well as international bond offerings, while at the more junior end of the team, senior associate Yoshivan Immanuel is a name for debt finance work.

Assegaf Hamzah & Partners is part of the Rajah & Tann Singapore LLP Asia network and as such, is well placed to handle regional deals. The banking, finance and projects team advises on structured finance transactions, from simple secured or unsecured bilateral lending, through to multifaceted credit facilities. The team is also strong in the fintech arena, where it advises clients on regulatory and industry-related matters. Practice head Ibrahim Sjarief Assegaf counts foreign and domestic financial institutions, borrowers and sponsors among his clientele and is recommended for project finance work. Ahmad Fikri Assegaf is a co-founder of the firm and has notable experience in M&A, finance and Shariah finance issues; and Indira Yustikania is recommended for regulatory and transactional matters, with a focus on the fintech sector. Harun Ngantung and Tracy Tania were recently promoted to partner.

‘Very strong on borrower-side project financing in Indonesia’, the banking and finance team at Makarim & Taira S. acts for both lenders and borrowers, domestic and international banks, financial institutions, and export credit agencies on a range of financial transactions. In addition to its core strengths in aviation finance, Islamic finance and project finance, the practice is increasingly active in the fintech space and continues to provide financial services regulatory expertise to clients. Maria Sagrado jointly leads the team alongside Frederick Simanjuntak, with Sagrado recommended for foreign investment work and Simanjuntak handling syndicated lending and project finance. Stephanie Kandou was promoted to partner in February 2022.

TNB & Partners in association with Norton Rose Fulbright handles a large amount of local counsel work for its affiliate firm Norton Rose Fulbright and acts for multinational lenders and large corporations on cross-border banking and finance transactions and regulatory matters. Tasdikiah Siregar heads the practice with over 20 years’ experience in transactional debt finance work and M&A. At the more junior end of the team, associates Wira Saputra and Merlyn Margaretha are recommended, with Saputra a name to note for litigation, and Margaretha offering regulatory expertise.

The banking and finance team at Hanafiah Ponggawa & Partners – Dentons HPRP is led by Chadri Jurnalis, Fabiola Hutagalung, Erwin Kurnia Winenda and Michael Kaihatu and advises banks and financial institutions on a range of transactional issues. The firm leans on Dentons’ global network for support on cross-border matters.

Makes & Partners is well known in the Indonesian market for corporate finance work; it mainly acts for borrower clients but also caters to lenders on a range of transactional issues. The firm has good connections with government and regulatory authorities which enables it to conduct merger transactions with ease. The team is jointly led by Yozua Makes and Fransisca S.H.; Fransisca is recommended for M&A, banking and finance matters, and restructuring and insolvency.

SSEK Law Firm acts for multinational corporations and large international banks on banking M&A, debt restructurings, project finance and insurance work, as well as general day-to-day advice. It has recently been handling a number of financings for mining and plantation projects, and regulatory matters for large financial services companies. Ira Eddymurthy heads the team and focuses on foreign investments, while Winnie Rolindrawan specialises in the burgeoning areas of e-money, payment gateways, and fintech. Fahrul Yusuf left for EY Law in January 2022.

Adnan Kelana Haryanto & Hermanto (AKHH) advises foreign and domestic banks and financial institutions on transactional and regulatory matters. Its transactional work encompasses corporate, acquisition, project, trade and asset finance transactions, and the team is jointly led by Andy Kelana and Helena Adnan.

IABF Law Firm (IABF) advises clients across a range of industries on compliance and regulatory matters, restructurings, transactions and day-to-day operational matters. Ivan Ferdiansyah Baely heads the team and is recommended for debt restructuring, M&A, and bankruptcy work.

William Hendrik & Siregar Djojonegoro (WH&SD) was formed by the recent merger of William & Hendrik and Siregar & Djojonegoro, and continues to act for local and foreign clients on transactional matters. The team is jointly led by Zippora Siregar, who is a name for project finance, structure finance and acquisition finance, and Cindy Djojonegoro, who handles debt restructuring and bankruptcy work.

Soemadipradja & Taher advises domestic and international clients on a range of banking and finance matters, with a focus on finance structuring, security packages, regulatory and compliance issues. The firm is associated with Singaporean firm Allen & Gledhill LLP and often acts as local counsel on cross-border issues. The team is led by Retno Muljosantoso, Emalia Achmadi, Denia Isetianti Permata, Robert Reid and Oene Marseille.

The banking and finance team at TnP Law Firm is led by Rambun Tjajo and Melissa Butarbutar, and offers clients expertise in acquisition finance, structured finance, restructuring, loans, and regulatory matters. Key clients include banks and financial institutions, investment funds and multinational companies.