Firms To Watch: Banking and finance

Armand Yapsunto Muharamsyah & Partners advises banks and non-bank financial companies on loan transactions and has notable experience in structured finance.
Walalangi & Partners in association with Nishimura & Asahi's areas of expertise include restructuring, asset acquisition financing, and regulatory.

Banking and finance in Indonesia

ABNR Counsellors at Law

ABNR Counsellors at Law has a broad offering in the banking and finance space and advises clients on a range of offshore and onshore financings, including domestic and cross-border syndicated and bilateral lending transactions, security arrangements, leveraged and acquisition finance. The team has notable expertise in project finance and assists clients with both infrastructure and transport PPP and PFI  projects. Practice head Emir Nurmansyah has significant experience advising on general banking and finance and FDI matters in shipping, aviation and TMT sectors. Elsie Hakim is also noted and advises across the full range of offshore and onshore financing.

Practice head(s):

Emir Nurmansyah

Other key lawyers:

Elsie Hakim; Giffy Pardede

Testimonials

Emir Nurmansyah stands out for his responsiveness, availability and knowledge.’

Emir Nurmansyah and his team are trusted advisors who do not cut corners but find commercial solutions.’

Emir Nurmansyah is in a league of his own as a provider of legal services in Indonesia banking law.’

ABNR’s team is able to demonstrate their flexibility using technology in the preparation and finalization of the project. They are also able to demonstrate good collaboration and their understanding of the project.’

Elsie Hakim can understand the client needs and provides legal support in a very tight schedule.’

Experienced in terms of handling financing matters, and able to turnaround documentation and advice quickly and accurately. Quite well-versed with industry norms in Indonesia, which helps when practical solutions are required.’

Giffy Pardede is very prompt in his responses (especially in rendering legal advice), is available at all hours of the day, and is very pleasant to work with. He has a very hands-on approach and is committed to handling each matter.’

Key clients

BNP Paribas

ING

Crédit Agricole Corporate and Investment Bank (CACIB)

Bank of America Merrill Lynch

ABN AMRO Bank

PT Bank Artha Graha Internasional Tbk

CIMB Group and PT Bank CIMB Niaga Tbk

MUFG Bank

Mitsubishi UFJ Trust and Banking Corporation (MUTB)

BNY Mellon

Mizuho Bank

Industrial Bank of Korea

PT Bank Oke Indonesia Tbk

Work highlights

    Assegaf Hamzah & Partners

    Assegaf Hamzah & Partners advises across the full range of structured finance transactions, from simple secured or unsecured bilateral lending through to multifaceted and complex credit facilities. A growing area of focus for the practice is its fintech offering and the team has expertise advising on direct investment and regulatory issues. Practice head Ibrahim Sjarief Assegaf has extensive experience advising on structured finance, insolvency and debt-restructuring matters for domestic and international financial institutions. Ahmad Fikri Assegaf is experienced in project finance, M&A, and Shariah finance. Indira Yustikania is another key name to note and has a particular focus on fintech-related transactions.

    Practice head(s):

    Ibrahim Sjarief Assegaf

    Other key lawyers:

    Ahmad Fikri Assegaf; Indira Yustikania; Kanya Satwika

    Testimonials

    AHP has a deep bench of lawyers. They provide thorough and commercial advice.’

    The AHP banking team is proactive and has an excellent market reputation. Their advice has been of the highest quality.’

    Kanya Satwika is an outstanding lawyer. She has a combination of excellent legal skills and diplomatic skills that make her a hugely effective practitioner. She is very commercial and pragmatic.’

    Key clients

    ABN Amro Bank N.V., Singapore Branch

    Abu Dhabi Commercial Bank PJSC

    Asian Development Bank

    Bangkok Bank Public Company Limited

    CIMB Bank, Singapore

    Credit Suisse Group AG

    DBS Bank, Singapore

    JPMorgan Chase & Co.

    Overseas-Chinese Banking Corporation Ltd

    PT Bank Artos Indonesia Tbk.

    PT Bank BTPN Tbk.

    PT Bank Central Asia Tbk.

    PT Bank CIMB Niaga Tbk.

    PT Bank Danamon Indonesia Tbk.

    PT Bank DBS Indonesia

    PT Bank Mandiri (Persero) Tbk.

    PT Bank Maybank Indonesia Tbk.

    PT Bank Muamalat Indonesia Tbk.

    PT Bank Rakyat Indonesia (Persero) Tbk.

    PT Bizcoal Indonesia

    PT Indo Raya Tenaga

    PT Indonesia Infrastructure Finance

    PT Lippo Karawaci Tbk.

    PT Mandiri Sekuritas

    PT Medco Energi Internasional Tbk.

    PT Merdeka Copper Gold Tbk.

    PT Metamorfosis Ekosistem Indonesia

    PT Pasifik Satelit Nusantara

    PT Pembangkitan Jawa Bali Masdar Solar Energi

    Star Energy Geothermal Group

    Wealth Track Technology

    Work highlights

    • Advised PT Bank Central Asia Tbk on its 100% shares acquisition of PT Bank Rabobank International Indonesia.
    • Advised PT Bank BCA Syariah on the merger with Bank Interim Indonesia (previously Rabobank International Indonesia).
    • Advised private equity sellers in the divestment of their 80% interest in PT KB Finansia Multi Finance (previously PT Finansia Multi Finance).

    Ginting & Reksodiputro in association with Allen & Overy

    Ginting & Reksodiputro in association with Allen & Overy excels at assisting clients with cross-border transactions and advises on a range of matters including leverage and acquisition finance, syndicated and bilateral lending, share-backed finance and restructurings. Managing partner Daniel Ginting showcases expertise in structured financing transactions, acquisition financing, project development in the energy, mining and infrastructure sectors. Tarsis Halintar heads the practice alongside Ginting and has extensive experience advising foreign lenders, sponsors and Indonesian state-owned companies. Counsels Desi Dwitiasrini and Cindy Riswantyo are also noted and both showcase a broad corporate and project finance practice.

    Practice head(s):

    Daniel Ginting; Tarsis Halintar

    Other key lawyers:

    Desi Dwitiasrini; Cindy Riswantyo

    Key clients

    DBS Bank Ltd

    PT Sarana Multi Infrastruktur (Persero)

    An international financial institution

    Logos SE Pte. Ltd

    Caisse de dépôt et placement du Québec

    Engie South East Asia Pte. Ltd

    Indies Special Opportunities Ltd (Indies)

    Indonesia Deposit Insurance Agency (LPS)

    Pertamina Geothermal Energy

    PT Bank Central Asia Tbk

    PT Bank Mandiri (Persero) Tbk

    Work highlights

    • Advised DBS Bank Ltd on a $625m facility for PT Halmehera Persada Lygend, a subsidiary of PT Harita Jayaraya and Lygend Resources & Technology Co, Ltd for the development of a high-pressure acid leach nickel smelter in Indonesia.
    • Advised LPS on the policy making for the Indonesian banking restructuring under the COVID19 economic stimulus measures by the Government of Indonesia.
    • Advised Engie South East Asia on the tender process and current expansion of the Hang Nadim International Airport PPP project in Batam, Indonesia.

    Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie

    Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie advises across a broad range of financial products, and handles compliance and regulatory, M&A work for financial institutions, as well as increasingly acting in the fintech and payment systems space. Key areas of work include bilateral and syndicated loans, structured and project finance, Islamic finance and securitisations. Erwandi Hendarta heads the finance and projects group and has extensive experience advising on banking regulation. Senior partner Indri Pramitaswari (Mita) Guritno is another key name to note and has deep expertise in structured finance transactions and Islamic finance. Th team saw the departure of Kreshna Yuditya Rahmat who left to found Qomet.

    Practice head(s):

    Erwandi Hendarta

    Other key lawyers:

    Indri Pramitaswari (Mita) Guritno

    Testimonials

    HHP has extensive experience in Indonesian banking transactions. The team is approachable and accessible, always happy to provide views outside of formal appointment scope.’

    Key clients

    Bank Permata

    BNI (Persero) Tbk.

    Cooperatieve Rabobank UA

    Credit Suisse

    Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank)

    MUFG Bank

    PT Astra International Tbk

    PT Bank Mandiri (Persero) Tbk

    PT Bank Negara Indonesia (Persero) Tbk

    PT Bank Rakyat Indonesia (Persero) Tbk

    PT Perkebunan Nusantara III and its subsidiaries

    PT Perusahaan Listrik Negara (Persero)

    Sea Group (Singapore)

    Standard Chartered Bank

    United Overseas Bank Limited

    Work highlights

    • Advised joint sellers Standard Chartered Bank and Astra on the landmark completion of the $2.14bn sale of Bank Permata to Bangkok Bank.
    • Acted as the lead counsel for Bank Permata Tbk. on its integration plan with Bangkok Bank branches.
    • Acted as the merger counsel of PT Bank Syariah Mandiri, PT Bank BNI Syariah and PT Bank BRIsyariah Tbk., which has merged to become PT Bank Syariah Indonesia Tbk.

    Hiswara Bunjamin & Tandjung in association with Herbert Smith Fr

    Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has a strong client base including local and foreign lenders and creditors which the team advises on domestic and cross-border financing and debt restructurings. The team has significant experience handling financial services regulation in relation to foreign investment across the banking, insurance, multi-finance, pension fund, and fintech sectors. Other areas of strength include project finance, oil and gas and energy-related financing transactions. Founding partner Tjahjadi Bunjamin has extensive experience advising multinational financial institutions on capital markets and financing transactions. Adrianus (Tommy) Adritomo also heads the practice and is active in all the major debt financing transactions and debt capital markets work.

    Practice head(s):

    Tjahjadi Bunjamin; Adrianus (Tommy) Adritomo

    Other key lawyers:

    Giovanna Nicky

    Testimonials

    ‘One of the team’s strengths are their unique way to make sure every parties’ interest are satisfied. Also they have a Chinese desk that has assisted us on a previous deal and guided us on Chinese law in a practical way, allowing us to easily make decisions regarding the deal.’

    ‘I worked on several deals with Adrianus (Tommy) Adritomo. The most important skill that every lawyer should have is solving problems so everybody’s interests are fulfilled and Tommy has that capability to do so.’

    HBT teams can deliver a very good result in terms of any client needs on advice and drafting. HBT teams are ready to assist the client anytime needed and provide a strong standing point on what needs to be done by the client and also an alternative solution.’

    Middle associate Giovanna Nicky has great communication skills which makes negotiation with the lender’s team easier thus enable us to quickly finalize the required papers.’

    Tjahjadi Bunjamin is very responsive and provides consistently excellent legal advice.’

    Key clients

    AKA Ausfuhrkredit-Gesellschaft mbH

    ANZ

    Bank Mandiri (Persero) Tbk.

    Barclays AG

    BNP Paribas

    Credit Suisse

    DBS Bank Ltd.

    Deutsche Bank AG

    Indonesia Eximbank

    ING Bank NV

    JP Morgan

    Korea Development Bank

    Landesbank Baden-Württemberg (LBBW)

    Oversea-Chinese Banking Corporation Limited (OCBC)

    Rabobank

    PT Centratama Telekomunikasi Indonesia Tbk

    PT Panca Amara Utama

    Work highlights

    • Acted for PT Panca Amara Utama as borrower in a $495m term loan facility from BNI and Bank Mandiri to refinance an existing facility from IFC for its ammonia plant.
    • Advised state-owned Bank Mandiri as the lender in connection with a general loan facility to PT Rukun Raharja Tbk.
    • Acted for the joint lead managers on the issuance of $3bn and €1bn sustainability-linked bonds by the Republic of Indonesia.

    Widyawan & Partners

    Widyawan & Partners’ banking and finance practice has a broad client offering with sector expertise across the energy, industrials, real estate, financial institutions, telecoms, food, beverage and retail sectors. The practice showcases in-depth knowledge and experience in handling banking and finance mandates from corporate financing and structured financing, through to debt restructuring and distressed debt acquisitions. The ‘outstandingAdrian Pranata has significant experience advising international banks on corporate financing, structured financing, project financing and leveraged financing. Senior foreign legal counsel David Holme specialises in project finance. Managing associate Randy Irawan left the firm in April 2021.

    Practice head(s):

    Adrian Pranata; David Holme

    Testimonials

    ‘W&P stands out amongst all other Indonesian firms for its execution capabilities and local knowledge as well as seemless integration with its Singapore affiliate, Linklaters. Adrian Pranata particularly stands out as one of the best lawyers in the market.’

    ‘Adrian Pranata is outstanding in his field for handling large or complex transactions, with local knowledge.’

    Adrian Pranata has a wealth of experience in the region for cross border finance trades.’

     ‘Widyawan and Partners really stands out as a premier firm for banking and finance matters in Indonesia. They are obviously knowledgeable and practical about the many, and somewhat confusing/contradictory Indonesian regulations, and they are able to advise clients and actively participate in the constructs of deals notwithstanding the complexity of local laws.’

    Adrian Pranata has over the years derived a real added value to Widyawan by bringing knowledge and practicality to the work provided by the firm. The soundness of his advice linked to a real understanding of the underlying deals/matters allows clients to go through their deals with ease and comfort despite the uncertain legal and regulatory environment inherent to Indonesia. Adrian is also very client-oriented and makes himself available whenever needed.’

    They have a very respectable banking practice in Indonesia which is also greatly supported by their affiliation with Linklaters‘.

    Key clients

    Deutsche Bank

    Credit Suisse

    HSBC

    DBS Bank

    Citigroup

    Bank Mandiri

    Bank Central Asia

    PT Medco Power Indonesia

    RATCH Group PCL

    Work highlights

    • Advising the syndicated lenders on the ongoing restructuring in relation to PT Pan Brothers Tbk and PT Sri Rejeki Isman Tbk.

    Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia

    Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia advises on a wide range of secured loan and structured finance transactions and represents a variety of clients including lenders, underwriters and arrangers. Project finance is a key area of focus which the team is regularly instructed by international and domestic energy and natural resource companies, investors, lenders and traders. Fajar Ramadhan heads the practice and has a top tier banking practice that covers debt restructurings, security structures and enforcement. Kristo Molina is another name to note.

    Practice head(s):

    Fajar Ramadhan

    Other key lawyers:

    Kristo Molina

    Key clients

    Bangkok Bank PCL

    BDO Unibank, Inc.

    Credit Suisse AG

    Standard Chartered Bank

    ING Bank

    Natixis

    Deutsche Bank AG

    MUFG Bank Ltd.

    Work highlights

    • Advised Deutsche Bank AG, Singapore Branch, ING Bank N.V., Singapore Branch, Natixis and Standard Chartered Bank (as arrangers and lenders) on a financing granted to PT EPID Menara Assetco for the acquisition of 4,247 towers from Indosat with an aggregate amount of an up to $350m.
    • Acted for Bangkok Bank Public Company Limited on its $2.3bn acquisition of a majority shareholding in Bank Permata Tbk, from Standard Chartered Bank and PT Astra International Tbk.
    • Advised HSBC Corporation Limited, Asian Infrastructure Investment Bank, the Korean Development Bank, BPI France, Banco Santander, N.A., as senior lenders, export credit agencies, providers and/or arrangers of debt finance to PT Satelit Nusantara Tiga for an up $432m financing for the PPP Satellite Infrastructure Project.

    Makarim & Taira S.

    Makarim & Taira S. advises a wide variety of clients in the banking and finance space including lenders and borrowers, domestic and international banks, financial institutions and export credit agencies. Traditional banking and finance services are a key area of focus, as is aviation finance, Islamic finance and project finance. Previous practice head Kurniawan Tanzil and Lina A. Amran left the firm in 2020 to SHIFT Counsellors at Law, which Tanzil is a co-founder and managing partner at. Maria Sagrado now heads the practice and has extensive experience advising state-owned enterprises, power plants, mining and manufacturing companies.

    Practice head(s):

    Maria Sagrado

    Other key lawyers:

    Frederick Simanjuntak; Vincent Ariesta Lie; Willy Wibowo

    Testimonials

    The team is driven and motivated and willing to go the extra mile for clients. They are technically strong and commercial-minded at the same time.’

    ‘I found Frederick Simanjuntak exceptionally understanding clients’ circumstances and flexible to their demands. His flexibility has greatly helped us accommodate demanding clients’ requirements and changes of circumstances. His strong will to provide additional values to the client also gives him an edge over other competitors. ’

    ‘We worked with Mr Vincent Ariesta Lie on a complicated project finance/funds project, involving timber logging in Indonesia. Vincent was able to explain the complex Indonesian laws pertaining to the matter with clarity and to explain difficult legal concepts simply. Their due diligence work on the project was excellent. Thanks to him and his team (including senior associate Willy Wibowo), potential issues were quickly and competently identified.’

    Maria Sagrado and Frederick Simanjuntak are technically very sound and strong on the law but willing to think out of the box and be commercial-minded. Always good to have them in our corner.’

    Key clients

    Sampoerna Strategic Group

    PT Freeport Indonesia

    Open Philanthropy / Arnold & Porter

    WaterEquity Inc.

    PT Mega Manunggal Property Tbk

    Avmax Aircraft Leasing Inc.

    Sinosure Insurance and its counsel Jingtian & Gongcheng

    UOB Kay Hian

    DZ Bank

    Work highlights

    • Acted as local counsel to PT Freeport Indonesia, one of the borrowers, in assisting with the Third Amendment Agreement to a major $3.5bn revolving credit facility.
    • Acting as local counsel to Sampoerna Strategic Group in relation to an enhanced loan refinancing and recapitalisation enabling 4G wireless network and site relocation by PT Sampoerna Telekomunikasi Indonesia.
    • Advising WaterEquity Inc. on loan transactions from financial institutions in Indonesia to support the expansion of the water and sanitation program.

    Oentoeng Suria & Partners in association with Ashurst

    Oentoeng Suria & Partners in association with Ashurst displays particular expertise in project finance and have been active on inbound financing transactions into Indonesia in the mining, energy and infrastructure space. The team advises a broad range of international financial institutions and has significant experience advising Chinese lenders on outbound investments. Practice head Rizaldy Tauhid advises both sponsors and lenders on the financing of large infrastructure projects.

    Practice head(s):

    Rizaldy Tauhid

    Testimonials

    The team showcases in-depth legal knowledge and good negotiation skills. Always goes the extra mile.’

    ‘The team is able to deliver reliable service on time and give assurance that the firm is giving the best protection to clients.’

    Key clients

    China Development Bank

    China Construction Bank

    Bank of China

    ICBC

    DBS Bank Ltd

    Indonesia Eximbank

    China Eximbank

    OCBC

    PT Bank OCBC NISP Tbk

    Societe Generale

    PT Bank Mandiri (Persero) Tbk

    PT Bank Central Asia Tbk

    PT Sarana Multi Infrastruktur (Persero)

    Work highlights

    • Advising China Development Bank on the $4.5bn project financing for the development of the Jakarta-Bandung High Speed Rail Project.
    • Advising Société Générale as lender, hedging bank and agent on the project financing of the first two utility scale solar PV power projects being project financed in Indonesia on a fully commercial basis.
    • Advised China Construction Bank, Bank of China and Bank ICBC Indonesia on the project financing of the 2x300MW Sumsel 1 IPP located in South Sumatra, Indonesia.

    SSEK Legal Consultants

    SSEK Legal Consultants has a broad client offering in the banking and finance sector, although the practice’s particular strength is in its insurance industry expertise. Other key areas of focus include debt restructuring and project financing, as well as assisting clients with financings for mining and plantation projects. Within the team, Ira Eddymurthy specialises in project finance, foreign investment and insurance matters; Michael Carl focuses on banking and insurance M&A mandates; and Fahrul Yusuf has a strong banking regulatory practice.

    Practice head(s):

    Ira Eddymurthy; Fahrul Yusuf; Michael Carl

    Key clients

    SoftBank Vision Fund

    OVO

    Binance

    Ping An Puhui

    Mastercard

    Western Union

    Prudential

    LCH Lockton Pte Ltd

    Aetna

    KEB Hana Bank

    Work highlights

    • Assisted Tolaram Inc. on the divestment of shares in PT Bank Amar Indonesia to comply with maximum ownership requirements.
    • Advising OVO on entering into a joint venture agreement with ZA Global Tech Limited, a joint venture between Chinese online insurer ZhongAn and SoftBank’s Vision Fund, for the development of an insurance-technology platform.
    • Advised Upbit,  a South Korean cryptocurrency exchange, on its operations in Indonesia.

    TNB & Partners

    TNB & Partners advises a wide variety of international financial institutions, with particular emphasis on players in the asset finance space. The team showcases in-depth knowledge of aviation and shipping finance. Tasdikiah Siregar heads the practice.

    Practice head(s):

    Tasdikiah Siregar

    Testimonials

    The TNB team adapts well and responds promptly.’

    Key clients

    Bangkok Bank Public Company Limited

    PT Bank DBS Indonesia

    PT Bank Permata Tbk

    Export-Import Bank of Thailand

    Citibank, N.A., Singapore Branch

    Standard Chartered Bank (Singapore) Limited

    Work highlights

    • Assisted Bangkok Bank Public Company Limited with an equity financing to PT Barito Pacific, Tbk in connection with its power project in Indonesia.
    • Acted as Indonesian legal counsel on a facility agreement relating to a MIGA-supported $500m term loan facility.
    • Assisted Bangkok Bank Public Company Limited, Indonesia Foreign Bank Branch Office to transfer its role as security agent in a number of financing deals to PT Bank Permata Tbk. following the acquisition of PT Bank Permata Tbk, by Bangkok Bank Public Company Limited.

    Makes & Partners

    Makes & Partners advises large local and international conglomerates, banks and financial institutions on a range of banking and finance issues. The team has expertise in advising clients on matters concerning bilateral and syndicated lending and structured financing, as well as assisting clients on transactions from both the lender’s and the borrower’s side. Real estate and M&A specialist Fransisca S.H. heads the practice.

    Practice head(s):

    Yozua Makes; Fransisca S.H.

    Other key lawyers:

    Iwan Setiawan

    Testimonials

    ‘The partners always have a strong understanding of their clients’ business and provide legal and commercial solutions to problems. The team is flexible and works well with other firms, particularly foreign law firms.’

    ‘Yozua Makes: One of the best lawyers in Indonesia who really understands clients’ needs. He really explains fully in the eyes of business’ view.’

    Iwan Setiawan: One of the genius and quick-thinking lawyers in Indonesia. He thinks fast and understands fully on the transaction. Our CEO and CFO really like to work with him since he has ability to think fast and understand financial matters very well. He is also very patient with clients and teaches us to have better understanding on the transaction.’

    Key clients

    PT Gajah Tunggal Tbk

    PT Agung Podomoro Land Tbk

    PT Estika Tata Tiara Tbk

    Kholberg, Kravis Robert Group

    Auric Digital Retail Pte. Ltd.

    PT CIputra Development Tbk

    PT Lippo Karawaci Tbk

    PT Summarecon Agung Tbk

    PT Plaza Indonesia Realty Tbk

    Sinarmas Land Group

    Work highlights

    • Assisted PT Agung Podomoro Land Tbk with its obtainment of a senior secured term facility in an aggregate principal amount of SGD 172.8m from Guthrie Venture Pte. Ltd.
    • Assisted PT Gajah Tunggal Tbk with its obtainment of a credit facility from a syndication of banks in the amount of IDR 1,325bn and IDR 1,500bn consecutively within the same year.
    • Assisted Auric Digital Retail Pte. Ltd. with the obtainment of credit facility with an aggregate amount of SGD95m.

    Soemadipradja & Taher

    Soemadipradja & Taher has a broad banking and finance practice that covers finance structuring, security packages, the registration and enforcement of security, regulatory and compliance. Retno Muljosantoso has extensive experience in both conventional and shariah banking and finance, as well as a strong M&A and real estate practice. Emalia Achmadi also has a strong banking and finance practice with an emphasis on regulatory and compliance work.

    Practice head(s):

    Rahmat Soemadiprajda; Retno A. D. Muljosantoso; Emalia Achmadi; Denia Isetianti Permata; Robert Reid; Oene J. Marseille

    Other key lawyers:

    Aziizah Soerjadi

    Testimonials

    ‘We have worked with various Indonesian law firms and Soemadipradja & Taher stands out from the rest for their professionalism, responsiveness and commercial mindedness. ’

    ‘Oene Marseille and Aziizah Soerjadi are highly responsive, helpful, proficient in English and provide sound advice.’

    ‘ Oene J. Marseille is very user friendly and approachable.’

    Key clients

    Iberchem

    United Overseas Bank Limited

    United Overseas Bank Limited

    PT Ultrajaya Milk Industry & Trading Co. Tbk.

    OCBC Bank

    Lei Shing Hong Trading Ltd Hong Kong and Lei Shing Hong Credit Ltd Hong Kong

    PT Austin Engineering Indonesia

    United Overseas Bank Limited

    MUFG Bank, Ltd.

    MUFG Bank, Ltd. No

    PT Aver Asia

    UMBRA – Strategic Legal Solutions

    UMBRA – Strategic Legal Solutions showcase an in-depth understanding of the banking and finance regulatory space and assists clients with the full range of compliance issues. Fintech is a key area of focus and the work in this area is spearheaded by practice head Putu Raditya Nugraha, who is also recommended for project finance and debt restructuring. Kirana Sastrawijaya is also noted and has a strong interest in the power, construction and infrastructure sectors.

    Practice head(s):

    Putu Raditya Nugraha; Kirana Sastrawijaya

    Testimonials

    Putu Raditya Nugraha and his team have always been helpful on preliminary structuring of complex cross border transactions and are responsive.’

    Great quality of associates, and good partner interaction. They are the ‘go-to’ firm in the Fintech space.’

    A responsive team and great focus on providing perfect results.’

    Putu Raditya Nugraha continues to impress us with his extensive knowledge regarding Indonesian law, such knowledge not limited to the banking and finance industry only. We are also happy with the creativity behind solutions to complex legal problems as well as his ample experience in his field which contributes greatly to our decision making.’

    They are very responsive, attentive to our needs and strive to secure our best interest with due care.’

    Key clients

    PT Bank Mandiri (Persero) Tbk

    PT Bank Danamon Indonesia Tbk

    PT Bank Tabungan Negara (Persero) Tbk

    PT Bank ICBC Indonesia

    CarVal Investors L.P.

    Indonesia Eximbank

    PT Caterpillar Finance Indonesia

    PT Visionet Internasional (OVO)

    PT Indonesia Infrastructure Finance

    Euronet Worldwide, Inc

    Impact Credit Solution, Pte. Ltd.

    PT Digital Tunai Kita (Wecash)

    PT QFIN Credit Cemerlang (360Kredi)

    PT Line Plus Indonesia

    PT Sarana Multi Infrastruktur (Persero).

    Perusahaan Perseroan PT Bahana Pembinaan Usaha Indonesia (Indonesia Financial Group)

    Work highlights

    • Advised on the project financing for the development of the 2×1,000 MW, Jawa 9 & 10 coal steam power plant in Banten, Indonesia.

    IABF Law Firm (IABF)

    IABF Law Firm (IABF) has a broad client base that consists of asset managers, building societies, investment banks, national regulators and private equity firms. Key areas of work for the firm include acquisition finance, banking regulation and compliance, debt restructuring and insolvency, as well as project financing. Practice head Ivan Ferdiansyah Baely is recommended.

    Practice head(s):

    Ivan Ferdiansyah Baely

    Other key lawyers:

    Meidyna Budiarti

    Testimonials

    ‘Good service, understands clients’ needs.’

    ‘IABF helped us in a RE project financing. Their knowledge of project finance, power sector regulation, and specific RE sector helped us to close the deal. ’

    ‘Ivan Baely – His banking and finance experience is impeccable and his negotiation skills really helped us.’

    The team is familiar with rules and regulations, particularly in Indonesia where banking and finance is heavily regulated industry. The team shows in-depth expertise in this areas‘.

    Key clients

    PT Angkasa Pura II (Persero)

    PT E2Pay Global Utama

    Work highlights

    • Acting for PT Angkasa Pura II (Persero) on its debt restructuring with its creditors with the total value of IDR 11,500bn.

    Hanafiah Ponggawa & Partners

    Hanafiah Ponggawa & Partners is particularly experienced in acting for banks and corporates on infrastructure development financing. The team handles mandates involving syndicated, bilateral and revolving loan facilities and displays particular sector expertise in the oil and gas, aviation and infrastructure sectors. Erwin Kurnia Winenda is the main contact.

    Practice head(s):

    Andre Rahadian; Chadri Jurnalis; Fabiola Hutagalung; Erwin Kurnia Winenda

    Other key lawyers:

    Hendra Ong

    Key clients

    Onstar Express Pte Ltd

    Accial Capital Management LLC

    UOB Venture Management Pte Ltd.

    Textron Financial Corporation

    AirFinance

    Apple Bank for Savings

    Mitsui & Co. Ltd

    German Operating Aircraft Leasing GmbH & Co. KG

    MUFG Bank, Ltd.

    Work highlights

    • Advised Onstar Express Pte Ltd on its Series B financing in South-East Asia, worth $170m.
    • Assisted Accial Capital Management LLC with providing debt fund to three successful technology start-ups in Indonesia: Investree, Pintek, Awan Tunai.
    • Assisted Apple Bank for Savings with unsecured financing to the borrower for the procurement of Sea Stallion 4 Cable Plough Spread.

    Mochtar Karuwin Komar

    Mochtar Karuwin Komar has experience advising clients on structured finance, project finance and corporate finance. The practice is led by Emir Kusumaatmadja who has a particular interest in the power sector.

    Practice head(s):

    Emir Kusumaatmadja

    Roosdiono & Partners

    Roosdiono & Partners has an active cross-border financing practice with clients including banks and other financial institutions from China, South Korea and Malaysia. Leoni Silitonga has a broad banking and finance practice that covers project finance transactions, debt security issues, asset-backed securitization transactions and Syariah financing transactions. Sandro Mieda Panjaitan  is another key individual to note and focuses on M&A, foreign investment and project finance.

    Practice head(s):

    Leoni Silitonga; Sandro M. Panjaitan

    Key clients

    Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank)

    Syndication of Indonesian Banks

    Shinhan Investment Corp.

    Work highlights

      William Hendrik & Siregar Djojonegoro (WH&SD)

      Siregar & Djojonegoro frequently assist clients with corporate and project finance mandates and showcases particular expertise in handling syndicated and bridge financing structures. Founding partner and practice head Zippora Siregar excels in project finance, structure finance and acquisition finance transactions.

      Practice head(s):

      Zippora Siregar; Cindy Djojonegoro

      Testimonials

      ‘Very capable and experienced with regards to government regulation, government decree and even local government procedures.’

      Key clients

      PT Indonesia Asahan Aluminium (Persero)

      PT Indonesia Infrastructure Finance

      Work highlights

      • Advising PT Indonesia Infrastructure Finance on the proposed corporate financing for two hospitals.
      • Advised PT Indonesia Infrastructure Finance on corporate financing to a borrower for the repayment of outstanding loan and development of water treatment plants in Banten.
      • Advised PT Indonesia Asahan Aluminium (Persero) (Inalum) on a non-cash loan financing transaction from PT Bank Mandiri (Persero) Tbk in the amount of IDR500bn.