Banking and finance in Indonesia

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.

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.

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.

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.

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.

Oentoeng Suria & Partners 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.

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.

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.

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.

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.

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.

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.