Hall Of Fame

Foreign firms in Indonesia

Clifford Chance

The Indonesia practice at Clifford Chance has been thriving since its inception in 1981, with numerous partners worldwide lending support to the seven key Singaporean-based partners. In addition to its impressive expertise in capital markets transactions, the team is noted for its track record in advising both regional and international clients on high-profile M&A transactions, along with a renowned projects practice and demonstrable experience in the aviation sector. Melissa NG, who specialises in M&As, jointly leads the team alongside US-qualified lawyer Johannes Juette, who focuses on capital markets mandates. Thomas England handles financing transactions across Southeast Asia, while Shaun Langhorne advises on contentious and non-contentious restructuring matters. Other key members of the team include Gareth Deiner, who specialises in debt capital markets products, and Matthew Buchanan, who advises on the construction aspects of major energy and infrastructure projects

Practice head(s):

Melissa Ng; Johannes Juette

Other key lawyers:

Shaun Langhorne; Thomas England; Gareth Deiner; Matthew Buchanan

Key clients

PT Cisarua Mountain Dairy

Credit Suisse

Morgan Stanley


Bank Mandiri

PT Archi Indonesia

Fiera Capital (Asia) Hong Kong Limited

GML Capital LLP

Franklin Templeton Investment Management Limited


STMKO Corporation

Banco Finantia S.A

J.P. Morgan Securities Plc

Work highlights

  • Advised Cimory on its Rule 144A/Reg S IPO listed on the IDX.
  • Advised Credit Suisse, Morgan Stanley, UBS and Bank Mandiri as underwriters on the Rule 144A/Reg S US$771 million IPO and IDX listing of PT Avia Avian.
  • Advised PT Archi Indonesia on its Rule 144A/Reg S IPO on the IDX.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP offers a seamless service to clients, with the corporate and disputes teams frequently collaborating with one another to handle complex mandates, combining ‘Indonesian law advice with international expertise’. Counting foreign corporations and financial institutions among its key roster of clients, the practice has demonstrable experience across the mining, oil and gas, TMT, financial services, consumer goods and real estate sectors. The team has grown significantly, with the additions of Rupert Baker from SoftBank Group and practice co-head Xavier Amadei from Baker McKenzie in February 2022, in addition to the partner promotions of Irina Akentjeva in May 2021 and Cellia Cognard in May 2022. Global deputy head Mark Robinson leads the TMT group, while Adrian Cheng spearheads the finance practice, advising borrowers and lenders on cross-border financings. Glynn Cooper heads the firm’s Southeast Asia energy, infrastructure and resources team, while Alastair Henderson leads the arbitration practice and Gitta Satryani, who ‘knows how to conclude a case effectively’, oversees the dispute resolution offering.

Practice head(s):

Mark Robinson; Adrian Cheng; Gitta Satryani; Glynn Cooper; Xavier Amadei; Alastair Henderson

Other key lawyers:

Rupert Baker; Cellia Cognard; Irina Akentjeva; David Dawborn; Vik Tang


‘They can keep up with the business process in timely manner.’

‘Their ability to combine Indonesian law advice with international expertise means that they understand the requirements of foreign investors.’

‘Gitta Satryani knows how to conclude a case effectively.’

Key clients

The Carlyle Group

International Finance Corporation

Axiata Group Berhad

Akuo Group

Korea Water Resources Corporation (K-Water) and PT Adhi Karya (Persero)

Australia and New Zealand Banking Group Limited

DP World

Permodalan Nasional Berhad (PNB)


Southern Capital Group

Work highlights

  • Advised The Carlyle Group and Southern Capital Group, on their US$1.17 billion divestment of a 94% stake in Solusi Tunas Pratama Tbk to PT Profesional Telekomunikasi Indonesia (Protelindo) by way of auction sale.
  • Advised IFC in relation to a senior loan facility of up to the IDR equivalent of US$50 million to PT Farpoint Realty Indonesia and PT Investasi Semesta Indonesia as co-borrowers to support the development of approximately 8,000 affordable housing units across four sites in Greater Jakarta and Java area.
  • Advised Axiata Investments (Indonesia) Sdn Bhd on the disposal of approximately 5% equity interest in PT XL Axiata Tbk to Ferrymount Investments Limited.


The ‘pragmatic and commercially-minded’ Indonesia practice at Linklaters covers the full spectrum of high-end mandates, concerning corporate and M&A, banking and finance, projects, employment, capital markets and dispute resolution, as well as restructuring and insolvency. Key work highlights include advising Citi Indonesia on the sale of its consumer banking operations in Indonesia to UOB Group. The firm’s presence in Indonesia is further strengthened by its association with Widyawan & Partners, providing the team with strong local knowledge and a diverse roster of domestic and international clients. Amit Singh heads the South and Southeast Asia capital markets group, while Sophie Mathur leads the Asia corporate M&A practice and Philip Badge spearheads the banking group. Jelita Pandjaitan oversees the disputes team and Andrew Payne co-leads the firm’s restructuring and insolvency offering. Other key contacts in the practice include capital markets expert Jonathan Horan and Karen Phang, who focuses on cross-border M&As and joint ventures.

Practice head(s):

Amit Singh; Andrew Payne; Jonathan Horan; Philip Badge; Sophie Mathur; Jelita Pandjaitan

Other key lawyers:

Karen Phang


‘Good understanding of the ASEAN economic and legal environment, including multi-country depth. The team is not just highly skilled but are also good problem solvers. They are generally very pragmatic and commercially-minded.’

‘Karen Phang is practical and commercial.’

‘Karen Phang not only describes and finds potential issues but gives solutions.’

Key clients


Affinity Equity Partners

EdgePoint Infrastructure


Macquarie Asset Management



PT Centratama Telekomunikasi Indonesia Tbk

Inpex Ltd

Work highlights

  • Advising Citi Indonesia on the sale of its consumer banking business in Indonesia to PT Bank UOB Indonesia.
  • Advised in the offering of 144A and Reg S US$750m 4.763% Notes Due 2027, US$1.5bn 5.315% Notes Due 2032, US$750m 6.200% Notes Due 2052 by PT Freeport Indonesia.
  • Advised PT Centratama Telekomunikasi Indonesia Tbk and its subsidiaries on a US$850 million equivalent syndicated financing for the purpose of financing the acquisition of shares in PT EPID Menara Asset Co.


Housing a ‘high-quality team’ of ‘leading advisers’, Milbank has demonstrable experience advising on capital markets, project finance, M&A, restructuring and insolvency, and banking matters. Key work highlights include acting for Bukalapak on its $1.5bn IPO listed on the Indonesia stock exchange. ‘Extremely hard working’ Jacqueline Chan, who is noted for her expertise in corporate finance, M&As and restructuring mandates, leads the practice alongside head of projects, energy and infrastructure finance James Murray, David Zemans, who focuses on high-value financing transactions, and ‘leading capital markets adviserGiles Kennedy. Other key contacts in the group include James Orme, who advises on large-scale energy and infrastructure projects, and special counsel Terrence O’Donnell, who joined the firm from Shearman & Sterling LLP in July 2021 and acts for clients on capital markets matters.

Practice head(s):

James Murray; David Zemans; Jacqueline Chan; Giles Kennedy

Other key lawyers:

Terrence O’Donnell; James Orme; Andrew Gibb; Rosaline Yusman


‘Leading advisers, small, efficient and high quality team, very trusted by borrowers in capital markets and restructuring space.’

‘Jacqueline Chan is extremely hard working, has a high work rate, and extensive corporate knowledge.’

‘Giles Kennedy is a leading capital markets adviser, and corporate’s Jacqueline Chan is a leading restructuring adviser.’

‘David Zemans is involved in large transactions and accessible when client needs. He is very hands on on critical issues.’

‘James Murray is amongst the best lawyers in the region.’

‘James Murray and James Orme have outstanding experience in the power and infrastructure sectors in Southeast Asia.’

‘Andrew Gibb is readily available, a problem solver, has strong knowledge of the Indonesian market and always has a positive attitude. Rosaline Yusman is also frequently available and a problem solver. She has a proactive approach.’

‘They are without argument the best law firm when it comes to Indonesia. There is no benchmark transaction in past 20 years where Milbank is not involved in some form.’

Key clients

PT Bank Rakyat Indonesia Tbk

PT Bank Mandiri (Persero) Tbk

PT Bukalapak Tbk

PT Amman Mineral Nusa Tenggara

PT Dayamitra Telekomunikasi (Mitratel)

PT Indofood CBP Sukses Makmur Tbk

PT Japfa Comfeed Indonesia Tbk

PT Amman Mineral Industri

PT Medco Daya Abadi Lestari

PT Adaro Indonesia

PT Bank Mandiri (Persero) Tbk.

PT Supreme Energy

Marubeni Corporation

Asian Development Bank (ADB)


Sumitomo Mitsui Banking Corp.

Bank of China


Credit Suisse

Emergent Logistics Pte. Ltd.

Work highlights

  • Advised Bukalapak in connection with its US$1.5 billion initial public offering listed on the Indonesia stock exchange.
  • Advised Emergent Logistics Pte Ltd (a joint venture between Emergent Asia Logistics Management Pte Ltd and Blackstone) in connection with the full selldown of their interests in a commercial warehouse portfolio in Indonesia to JD Bright Development V (HK) limited, a subsidiary of JD.com.
  • Advised a sponsor in connection with the development of a 900,000 tonnes per annum copper concentrate smelting and refinery at the Batu Hijau mine in Indonesia.

White & Case

White & Case’s well-established practice acts for domestic and international clients on the full range of corporate and M&A transactions, capital markets mandates, restructurings, project finance matters, international trade issues and disputes. On account of its association with Witara Cakra Advocates (WCA), the team is well-placed to advise on the international aspects of Indonesia-related transactions and maintains an impressive client roster. Key work highlights include representing the Ooredoo Group on the $6bn merger of Indosat Ooredoo with H3I. Head of the firm’s capital markets team Kaya Proudian advises on Indonesian debt and equity capital markets transactions, while Jonathan Olier spearheads the M&A and private equity practice, which acts for private equity firms and other financial sponsors on M&A transactions, joint ventures and corporate financings. Alexander McMyn leads the finance and debt restructuring team. Jon Bowden departed for Freshfields Bruckhaus Deringer in May 2023.

Practice head(s):

Kaya Proudian; Jonathan Olier; Alexander McMyn

Other key lawyers:

Charles McConnell; Tim Fourteau; Hendy Handoko

Key clients

Baring Private Equity Asia

Citigroup Global Markets Limited

CIMB Investment Bank Berhad

Credit Suisse (Singapore) Limited

Deutsche Bank AG, Singapore Branch

International Finance Corporation

Ooredoo QPSC

PT Avia Avian

Pure Data Centers

Victory Park Advisors

Work highlights

  • Advised Ooredoo Group on the US$6 billion merger of PT Indosat Tbk (Indosat Ooredoo) with PT Hutchison 3 Indonesia (H3I).
  • Advised VPC Impact Acquisition Holdings II (Nasdaq: VPCB) in its proposed US$2.5 billion business combination by way of de SPAC transaction with Singapore startup FinAccel.
  • Advised Deutsche Bank AG, Singapore Branch, as mandated lead arranger of aUS$350 million debt financing to an Indonesian subsidiary of Edgepoint Group, an Asia-focused towers business sponsored by the US$25 billion infrastructure investor, Digital Colony.

Allen & Gledhill LLP

Allen & Gledhill LLP acts for domestic and international corporates on market entry strategies, corporate restructurings, acquisitions, technology ventures and divestments, as well as disputes, in Indonesia. On account of its association with Soemadipradja & Taher, the team is well-placed to handle cross-jurisdictional cases and provides an integrated service to regional clients. Oene Marseille splits his time between the firm’s offices in Singapore and Indonesia, and acts for international corporations and private investors on corporate and M&A transactions. Marseille jointly leads the practice alongside Prawiro Widjaja, who advises on M&As, restructurings and equity capital markets mandates in Singapore and Southeast Asia, with a focus on Indonesia. Aris Budi Prasetiyo is another key figure in the team, acting as international counsel.

Practice head(s):

Oene Marseille; Prawiro Widjaja

Other key lawyers:

Aris Budi Prasetiyo

Work highlights

  • Acted for venture capital firm Square Peg, who led the US$35 million series B round investment in Pluang Technologies Pte. Ltd. and venture capital firm Accel, who led the US$55 million series C round investment in Pluang.
  • Advised PayU on its participation in Ayoconnect’s Series B round of US$15 million, led by Tiger Global.
  • Advised on the US$10 million Series A funding of AI Rudder, a voice AI start-up based in Singapore.

Ashurst LLP

Praised for its ‘outstanding knowledge of the energy industry’, full-service firm Ashurst LLP has a strong track record in energy, renewables and gas infrastructure projects, in addition to transport and social infrastructure, plant projects, petrochemicals, and water and waste. The practice also has demonstrable experience advising on inbound and outbound M&A transactions in Indonesia, in addition to banking and finance matters. On account of its association with Oentoeng Suria & Partners in association with Ashurst, the team is well-placed to advise on the Indonesian and international aspects of high-value transactions. Practice leader Rob Palmer is noted for his expertise in LNG price review disputes, while Michael Harrison’s ‘knowledge, experience, capability and responsiveness is second to none’ when advising on energy, mining and oil and gas projects. Daniel Reinbott heads the energy and natural resources group, while Richard Guit oversees the international projects team.

Practice head(s):

Rob Palmer

Other key lawyers:

Daniel Reinbott; Richard Guit; Michael Harrison; Michelle Phang


‘Ashurst has been really efficient in their work and deliver high-quality products. They provide outstanding knowledge of the energy industry.’

‘The team is highly pragmatic, knowledgeable and efficient.’

‘Michael Harrison’s knowledge, experience, capability and responsiveness is second to none. We are yet to throw him a challenge that he is not been able to resolve or deal with on our behalf.’

Key clients

Victory Park Capital

Societe Generale

CDC Group

Habib Bank Limited

Asian Development Bank

Mitsubishi Corporation and subsidiaries Diamond Gas International and Tabeer Energy

Eni S.p.A

Mining Industry Indonesia (MIND ID), formerly PT Indonesia Asahan Aluminium

PT Pertamina (Persero)

MDI Ventures

DANA/PT Elang Andalan Nusantara

Mitsui & Co


Work highlights

  • Acted as lead counsel for Victory Park Capital Advisors, LLC for the financing by way of note issuance of an Indonesian-based consumer lending platform to Kredivo.
  • Represented SMBC on the financing of a 20MW hyperscale data centre in Indonesia, sponsored by Pure Data Centres Group Limited.
  • Advised on three WTE projects: 1) South Tangerang: Asian Development Bank 2) Bandung: The Sponsors ITOCHU Corporation, PT Adaro Power, JFE Engineering and Suez 3) East Jakarta: The Sponsors GCL Intelligent Energy Co., Ltd. and PT Sarana Sakti Pratamadaya.

DLA Piper

Commended for its ‘wealth of knowledge and experience’, the Indonesia team at DLA Piper advises domestic and international clients on capital markets transactions, M&As, energy and infrastructure projects, banking and finance matters, as well as disputes and competition law issues. Managing partner Joe Bauerschmidt co-leads the practice and has considerable experience advising on M&A and capital markets transactions in Indonesia, across the technology, financial services and energy sectors. Bauerschmidt is supported by Timothy Tan, who handles high-value acquisition financings and leveraged buyouts, as well as special situations financings, and corporate finance expert Philip Lee, who is English and New York qualified. Vincent Seah is praised for his ‘stellar experience’ in the development and financing of power projects, and Maurice Burke heads the investigations practice.

Practice head(s):

Joe Bauerschmidt; Timothy Tan; Philip Lee

Other key lawyers:

Vincent Seah; Maurice Burke


‘They have built a wealth of knowledge and experience and are able to draw on that collective experience to advise clients on all kinds of issues.’

‘Vincent and his team are well-versed with renewable corporate PPA structures and they bring invaluable advice to the table as they share insights on how first of its kind projects are structured and financed in other parts of the world.’

‘Vincent Seah is my key contact at DLA Piper. He is well known in the project finance space and has stellar experience. He is a very skilled negotiator and is adept at finding good commercial solutions to the most difficult issues.’

‘Maurice Burke is a resourceful lawyer who has been practicing law in Indonesia for a long time.’

‘Vincent is very energetic, knowledgeable and always keen to support his client. He has extensive experience and knowledge of the industry and is a very skilled operator.’

‘Vincent is our trusted adviser. He understands us and we have built a level of trust over the years that is irreplaceable. Because of his pedigree, he has really strengthened the DLA Piper offering significantly and put them right up there with the best.’

‘DLA partners are responsive and know Indonesia’s legal environment very well.’

Key clients

PT Widodo Makmur Perkasa

PT Asia Vision Network

Digital Edge Asia

Mandiri Securities Pte. Ltd.

China Construction Bank

MKS Instruments, Inc.

Adaro Power

Liberty Speciality Mrakets

Work highlights

  • Advised Merrill Lynch (Singapore) Pte. Ltd. and others (as arrangers and dealers) in PT Sarana Multi Infrastruktur (Persero)’s establishment of its US$2 billion EMTN Programme and first drawdown of US$300 million under the programme.
  • Acted for Digital Edge on its strategic investment in PT IndoInternet Tbk (US$165 million).
  • Acted for China Construction Bank as lender to the financing of a nickel production project in Indonesia.

Gibson Dunn

Counting foreign investors and state-owned enterprises among its key roster of clients, the Indonesia practice at Gibson Dunn handles a broad range of matters, including high-value corporate and M&A transactions, as well as restructurings and finance mandates. Based in Singapore, global co-chair of the firm's oil and gas practice group Brad Roach is widely recognised for his expertise in this sector, with demonstrable experience in M&As and LNG projects. Jamie Thomas heads the banking, finance and debt restructuring team, and advises borrowers, sponsors and lenders on debt-related transactions, while Troy Doyle acts for corporate clients on restructuring, reorganisation and insolvency matters.

Practice head(s):

Brad Roach; Jamie Thomas; Troy Doyle

Key clients

Chevron Corporation

Medco Energi

PT Saka Energi Indonesia

Duniatex Group

MAXpower Group Pte Ltd

Jadestone Energy

Sritex Group

PT Indika Energy Tbk

Mizuho Corporate Bank

King & Spalding LLP

King & Spalding LLP’s Indonesia team assists clients in M&As, financing and restructuring transactions, as well as energy and infrastructure projects. The practice is often called on to handle cross-jurisdictional mandates, as demonstrated by its advice to Mitsui on the sale of its interest in PT Paiton Energy, and is noted for its capability advising on mergers and financings in the power sector, in addition to projects financings in the mining industry. Simon Cowled is a key figure in the team and regularly advises on major Indonesian power projects, while Andrew Brereton has experience in restructurings, financings and acquisitions relating to distressed assets. Deputy head of the firm’s energy practice Richard Nelson focuses on the divestment of oil and gas assets, and Anthony Patten focuses on corporate, project development and finance work in the energy sector.

Practice head(s):

Simon Cowled; Andrew Brereton; Richard Nelson

Other key lawyers:

Anthony Patten; Lachlan Clancy


‘Solid team with highly capable lawyers. Very responsive and provide excellent and practical resolutions to issues.’

‘The K&S team understood the culture of doing business in Indonesia and can bridge the differences of legal system to the non-Indonesian client. They are responsive, efficient and problem solver oriented.’

‘Lachlan Clancy is direct, clean and calm in negotiation, and always gives practical solutions.’

‘They have strong industry, product knowledge, and are able to provide solutions to complex problems.’

Key clients

Mitsui & Co.

Minejesa Capital B.V.

TEPCO Renewable Power, Inc.


PT Halmahera Jaya Feronikel

Work highlights

  • Advising Mitsui on its exit from coal fired power generation assets in Indonesia and China, as part of its global strategic initiative to achieve a net zero emissions target by 2050.
  • Advising PT Halmahera Jaya Feronikel on the development and the bridge financing of a NiFe smelter and associated infrastructure in Indonesia with a deal value of US$ 1.3 billion.
  • Advised a Pan-Asian data centre and internet infrastructure developer on the IDR 2,080 trillion project financing for the fit-out of the 5 existing data centres and 1 greenfield project in Indonesia.

Shearman & Sterling LLP

Shearman & Sterling LLP stands out for its expertise in high-profile energy and infrastructure projects in Indonesia, as demonstrated by its advice to Masdar and PT PJB Investasi on the development and financing of a 145MW floating solar PV project over the Cirata reservoir. With experience across the energy, mining and metals, infrastructure and TMT sectors, the practice is also noted for its capability in M&As and capital markets transactions. Bill McCormack, who advises on the development and financing of energy and infrastructure projects, jointly leads the project development and finance practice alongside David Clinch, who focuses on projects and transactional work. Phil Cheveley spearheads the M&A team and head of Singapore’s capital markets group Andrew Schleider has considerable experience in offerings of high yield and investment grade debt securities, convertible bonds and equity. Kyungwon (Won) Lee, who leads the firm's Asia capital markets team, is another key contact.

Practice head(s):

Bill McCormack; David Clinch; Phil Cheveley; Kyungwon (Won) Lee

Other key lawyers:

Andrew Schleider; Karl Pires; Jin Ong

Key clients

ANZ Bank

Citigroup Global Markets Limited

CLSA Singapore Pte Ltd

Credit Suisse (Singapore) Limited

DBS Bank

Deutsche Bank AG


ING Bank

International Finance Corporation



Mandiri Securities Pte. Ltd

Masdar and PT PJB Investasi

Morgan Stanley

PT BNI Sekuritas

Qxpress Pte. Ltd.

The Bank of New York Mellon

Work highlights

  • Advised Masdar and PT PJB Investasi (PJBI), a subsidiary of Indonesian state-owned offtaker PT PLN in connection with the development and financing of a 145MW floating solar PV project over the Cirata reservoir in Indonesia.
  • Advised the underwriters in connection PT Dayamitra Telekomunikasi Tbk (Mitratel)’s US$1.3 billion initial public offering.
  • Advised JERA, along with certain of its subsidiaries, Tokyo Electric Power Company International and Tokyo Electric Power Company International Paiton, on the sale of a stake in PT Paiton Energy to PT Medco Daya Energi Sentosa.

Hogan Lovells Lee & Lee

Leading M&A and private equity partner Stephanie Keen heads the Indonesia practice at Hogan Lovells Lee & Lee, which is noted for its capability in corporate and finance transactions, often involvoing a cross-border element. Counting Navis Capital Partners and Madison Pacific Trust, to name a few, among its key roster of clients, the team has demonstrable experience across the technology and telecoms, energy and natural resources, financial services and education sectors. Finance specialist Charlie Clayton-Payne and Nick Williams, a key contact for restructuring and insolvency matters, bring a wealth of experience to the practice.

Practice head(s):

Stephanie Keen

Other key lawyers:

Charlie Clayton-Payne; Nick Williams

Key clients

Navis Capital Partners

Madison Pacific Trust Limited

International Business Machines Corporation (IBM)

Work highlights

  • Advised Navis Capital Partners on the sale of its entire interest in TES-Envirocorp Pte. Ltd. (TES) to SK ecoplant Co., Ltd. (SK ecoplant).
  • Advised a syndicate of lenders, comprising Indian banks, international banks, and funds in relation to their exposure under a US$470 million facility granted to a Singapore subsidiary of a listed Indian conglomerate.
  • Advised an adhoc group of holders of the USD222m due 2022 and USD180m due 2025 sukuks issued by the Malaysian listed oil and gas services business, Serba Dinamik Holdings Berhad.

Norton Rose Fulbright

The Indonesia practice at Norton Rose Fulbright continues to engage in high-value corporate and M&A transactions across the banking, financial services, oil and gas, energy and telecoms sectors. Based in Jakarta, managing partner Kresna Panggabean leads the team and acts for agribusinesses, oil and gas and mining companies on Indonesian regulatory issues, general corporate matters and commercial disputes. Tasdikiah Siregar advises on M&As and aviation finance matters, while Benny Bernarto has experience in infrastructure, energy and project financing work. Shamim Razavi, who divides his time between the firm's Jakarta and Sydney offices, is another key contact in the group.

Practice head(s):

Kresna Panggabean

Other key lawyers:

Tasdikiah Siregar; Benny Bernarto; Shamim Razavi

Key clients

AXA IM Impact Fund Climate and Biodiversity

Siam Commercial Bank (SCB)

CSG International

ENEOS Corporation

Bangkok Bank Public Company Limited

Sumitomo Mitsui Banking Corporation

Work highlights

  • Advised Siam Commercial Bank on its US$100 million Series E investment for Akulaku Group.
  • Advised ENEOS Corporation on its joint venture with Total Energies to develop on site B2Bsolar distributed generation for clients in Indonesia, Japan, India, Thailand, Vietnam, Philippines, Cambodia, Singapore and Malaysia.
  • Assisted Bangkok Bank Public Company Limited in a USD440,000,000 financing for the purpose of the acquisition of Star Energy.

Reed Smith LLP

Reed Smith LLP’s multidisciplinary practice acts for domestic and international companies on investments, both in Indonesia and the ASEAN region. The team advises on corporate and finance transactions, in addition to international arbitration and regulatory issues, and has demonstrable experience across the shipping, energy and natural resources, and construction sectors. Kyri Evagora, who is noted for his expertise in cross-border energy and natural resources disputes, jointly leads the team alongside international arbitration barrister Timothy Cooke, who focuses on joint venture and shareholder disputes.

Practice head(s):

Kryi Evagora; Timothy Cooke

WongPartnership LLP

The Indonesia practice at WongPartnership LLP frequently collaborates with Makes & Partners to advise on corporate and M&A transactions, both inbound and outbound, in Indonesia and across the ASEAN region. With demonstrable experience in litigation and arbitration, the team handles disputes across the banking and financial, construction, energy, healthcare and telecoms sectors. Manoj Pillay Sandrasegara, who acts for borrowers, court-appointed administrators and special situation investors on cross-border debt restructurings, jointly leads the practice alongside Mark Choy, who focuses on M&As, corporate finance and general corporate matters. Kyle Lee is praised as ‘well-versed in relation to start-up practices and deals’.

Practice head(s):

Manoj Pillay Sandrasegara; Mark Choy

Other key lawyers:

James Choo; Lawrence Foo; Kyle Lee


‘Wong Partnership’s strengths are its high standard of technical knowledge with team depth. They have a deep strategic understanding of regional markets, especially Indonesia, which is key for clients navigating the challenges on the ground.’

‘James Choo has worked for us on several assignments.  He’s very good and responsive. He also works well with Makes & Partners, so he can deliver a one stop shop on Indonesia matters.’

‘The team has commendable knowledge when it comes to start-ups in the region. They are equipped to work in a fast-paced environment and are very responsive too.’

‘Kyle Lee is very accommodating. He is also well-versed in relation to start-up practices and deals.’

‘The team knows the Indonesia market well and are able to provide solutions to clients. The team is responsive and provides high quality work.’

‘Kyle Lee is a good negotiator, smart and he is the expert in M&A transactions. He is also a very pleasant person to work with.’

Key clients

DBS Bank Limited


Ernst & Young

Pt. Lippo Karawaci Tbk

Cladtek Holdings Pte Ltd

EQT Partners Singapore Pte Ltd


Northstar Group

Openspace Ventures


Pt Hypefast Karya Nusantara

Work highlights

  • Advised on the investment of up to Rp1.5 trillion by EQT Partners in PT Indesso Primatama.
  • Acted as international counsel for Cladtek Holdings Pte Ltd and its Indonesian subsidiary, PT Cladtek Bi-Metal Manufacturing (“CBM”) in connection with the Suspension of Payment Obligations proceedings commenced against CBM under Indonesian Bankruptcy Law.
  • Advised Lippo Karawaci in the restructuring of its master lease agreements by First REIT.

Sidley Austin LLP

The Indonesia practice at Sidley Austin LLP represents multinational and domestic companies, Indonesian conglomerates, investment companies, state-owned enterprises, start-ups and emerging companies on cross-border transactions, with demonstrable experience advising on capital markets, M&A, private equity and venture capital mandates. Based in Singapore, capital markets expert Matthew Sheridan jointly leads the team alongside Charlie Wilson, who acts for private equity funds and corporations on their investments and disposals across Southeast Asia.

Practice head(s):

Matthew Sheridan; Charlie Wilson

Other key lawyers:

Parthiv Rishi; Alexius Chong

Key clients

PT Indika Energy Tbk

PT J Resources Nusantara

PT Astra International

Hillhouse Capital

Lightspeed Venture Partners

PT Pan Brothers


Ninja Van

J.P. Morgan



Work highlights

  • Represented PT J Resources on a series of interconnected disposals.
  • Advised Indika Energy on the formation of a joint venture – Empat Mitra Indika Tenagra Surya (EMITS) – with Fourth Partner Energy, to provide solar, battery storage, and EV solutions to the Indonesian business sector.
  • Represented Lightspeed in its Series A+ investment into Pintu, fast-growing Indonesia-based crypto assets trading platform operator.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP has demonstrable capability in high-value M&As, as demonstrated by its advice to Grab Holdings on its $40bn merger with Altimeter Growth Corp, as well as equity capital markets transactions. In the firm’s Singapore office, Rajeev Duggal, who focuses on M&As and IPOs, jointly leads the team alongside Hong Kong-based Jonathan Stone, who represents bidders, sellers and target companies in cross-border M&As, and financial investors in private equity transactions.

Practice head(s):

Rajeev Duggal; Jonathan Stone

Key clients

Grab Holdings Inc.

PT Medco Energi Internasional Tbk

PT Bumi Serpong Damai Tbk