Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills > Jakarta, Indonesia > Firm Profile
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Offices
18TH FLOOR, TOWER 1, SUDIRMAN 7.8
JL. JENDRAL SUDIRMAN KAV. 7-8
JAKARTA 10220
Indonesia
- Go to...
- Rankings
- Firm Profile
- Main Contacts
- Lawyer Profiles
- Press Releases
- Legal Developments
- Comparative Guides
- Legal Briefings
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills > The Legal 500 Rankings
Indonesia > Antitrust and competition Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is primarily active in handling the competition law aspects of prominent M&A mandates, advising multinational clients on the Indonesian competition law-related aspects of global deals. Sakurayuki heads up the team, and has an excellent track record in advising on M&A deals, competition matters within the telecoms sector, and the competition law aspects of Japanese investments into Indonesia. She is also noted for advising on direct investments concerning the infrastructure sector. Of counsel Randitya Adiguna handles competition matters for hospitality and TMT companies.Practice head(s):
Sakurayuki
Other key lawyers:
Testimonials
‘The team understands the commercial requirements.’
Key clients
Axiata Group
JX Nippon Oil & Gas
Nippon Steel Corporation
SK Ecoplant
Ant Group
Synthomer PLC
Work highlights
- Advised API (Hong Kong) Investment Limited, a subsidiary of Ant Group, on the competition law aspects of additional investments in DANA by new strategic investors.
- Advised SK Ecoplant on the Indonesian merger control aspects of its acquisitions of the EcoFrontier (Singapore) Pte recycling business and a minority stake in Cenviro.
- Advised Axiata Group Berhad on the competition law aspects of its acquisition of PT LinkNet Tbk from Asia Link Dewa Pte. Ltd. and First Media.
Indonesia > Banking and finance Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills' team has strong capabilities across the full range of financing mandates; the group advises global and domestic banks and financial institutions on acquisition and leveraged finance, corporate finance, and project finance, notably for clients in the energy, mining, manufacturing, real estate, and TMT sectors. Firm founding partner Tjahjadi Bunjamin is sought after for his excellent track record in advising on cross-border mandates, and jointly heads the practice with Adrianus Adritomo, who fields extensive experience in financing work, debt restructuring matters, and bilateral and syndicated loans.Practice head(s):
Tjahjadi Bunjamin; Adrianus Adritomo
Key clients
Bank Mandiri (Persero) Tbk.
Korea Development Bank
Bank Negara Indonesia (Persero) Tbk
ANZ
BNP Paribas
Credit Suisse
DBS Bank Ltd.
Deutsche Bank AG
Indonesia Eximbank
ING Bank NV
Oversea-Chinese Banking Corporation Limited
Indonesia Investment Authority
Work highlights
- Advised Kookmin Bank (Hong Kong Branch) on a IDR3 trillion loan agreement extended to Indonesian listed bank, PT Bank KB Bukopin Tbk.
- Advised Bank Mandiri as lender in providing a US$250m facility agreement to PT Obsidian StainlessSteel.
- Represented Indonesia Investment Authority as co-investor in the acquisition and refinancing of facilities provided to two Trans-Java Toll Road concession holders.
Indonesia > Capital markets Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has an established track record in advising foreign arrangers and underwriters in both the onshore and offshore elements of offerings and public M&A. Drawing upon the international network of Herbert Smith Freehills, particularly in relation to China and Singapore, the firm is well-placed to handle these cross-jurisdictional mandates that cover the full scope of debt and equity capital markets. Tjahjadi Bunjamin, founding partner, is active and highly-experienced in this area. David Dawborn is also an important contact as a Herbert Smith Freehills partner on secondment to the firm, bringing with him his longstanding reputation with global investment banks in relation to their Indonesian securities business. Viska Kharisma Fajarwati specialises in capital markets and financial services, and has particular strengths in respect of multi-jurisdictional deals relating to the banking, fintech, and manufacturing sectors.Practice head(s):
Tjahjadi Bunjamin; David Dawborn; Viska Kharisma Fajarwati
Key clients
BNP Paribas
CIMB Niaga Sekuritas
CLSA Sekuritas Indonesia
Credit Suisse
Deutsche Bank
Goldman Sachs
HSBC
Mandiri Sekuritas
Morgan Stanley
Standard Chartered Bank
OCBC
Bank UOB Indonesia
Work highlights
- Advised the joint arrangers and underwriters in the Republic of Indonesia’s first switch tender offer on existing issued bonds.
- Advised the underwriters on the US$518million IPO and international offering of e-commerce platform PT Global Digital Niaga (Blibli).
- Acted for Bumi Resources on its US$487m private placement of a new series of shares to fulfil its conversion obligations and interest capitalisation under its 2016 Composition Plan.
Indonesia > Corporate and M&A Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has the capacity to handle the full range of transactional corporate mandates across a number of sectors; financial services, including banking, insurance, and fintech, is an area of particular expertise for the firm, as is TMT and related infrastructure projects. Through its association with Herbert Smith Freehills, the firm is not only able to enhance its cross-border capabilities, but also draw on the extensive experience of seconded partners David Dawborn, Vik Tang, and Cellia Cognard across M&A, joint ventures, and corporate transactions more generally. Other key names include Sakurayuki, who specialises in telecoms; Stephanie, who focusses on healthcare; Irfan Ghazali, who has an emphasis on TMT; and Abimata Putra Sulistyo, who works primarily in the financial services and industrial sectors. Founding partner Santi Darmawan also continues to be active within the team.Practice head(s):
David Dawborn; Vik Tang; Sakurayuki; Santi Darmawan
Other key lawyers:
Testimonials
‘HBT’s practice is unique because of the dedication and hands-on approach of the partners, who are willing to go the extra mile to resolve complex matters for their clients.‘
‘I’ve worked extensively with Vik Tang on several M&A transactions in Indonesia. Vik has demonstrated a high level of service, excellence and dedication to his clients, especially in his ability to strike a balance between pushing the legal boundaries and achieving commercial objectives, thus maximising the interests of his client.‘
‘HBT’s practice is unique because of its people, and the ability of the partners from different backgrounds and domain expertise to work together to deliver a collective, successful outcome for their clients.‘
‘I think that the team really has technical skills and written communication skills. They always provide comprehensive and detailed legal memos. We are always satisfied with their work because it always meets expectations.‘
Key clients
Indonesia Investment Authority
Warburg Pincus
Inchcape Plc
PT Indosat Tbk
Ant Group
Tokio Marine
Hanwha
Willis Towers Watson
GPC
CVC
PT Nirvana Wastu Pratama
Work highlights
- Advised Axiata Group Berhad and PT XL Axiata Tbk on the acquisition of 66.03% equity interest in internet service provider PT Link Net Tbk.
- Advised Warburg Pincus on its acquisition of PT Asuransi Bina Dana Arta Tbk (ABDA), a listed general insurance company in Indonesia.
- Advised Silk Road Fund on its investment in Kimia Farma Apotek, an Indonesian pharmaceutical retail business.
Indonesia > Dispute resolution Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills fields a team with extensive experience in advising on civil and criminal litigation, as well as domestic and international arbitration. The group's recent caseload includes high-profile tort disputes and anti-corruption matters. Practice head Debby Sulaiman is well known for her strength in ADR cases, and Prawidha Murti acts for domestic and international clients from a range of sectors, including energy, infrastructure, TMT and aviation. Roni Heilig Marpaung and Tedy Rachmanto are also key names to note.Practice head(s):
Debby Sulaiman
Other key lawyers:
Testimonials
‘The firm employs a hands on approach. Knowledgeable with a good make-up of partners and associates. One of the strongest firms in Indonesia for disputes. Knows the local players and market.’
‘Stand out practitioners with a practical approach. Work fast to resolve difficult cases.’
‘Debby Sulaiman is an excellent disputes lawyer who handles cases in a practical and efficient manner.’
‘Roni Heilig Marpaung does a fantastic job in pushing cases forward.’
Key clients
Parbulk II
Australian Broadcasting Corporation
Maybank Asset Management
Chandra Asri Petrochemical
Singapore Chamber of Maritime Arbitration
Agoda
Work highlights
- Advising Parbulk II AS on filing a claim concerning an alleged breach of contract against PT Humpuss Intermoda Transportasi Tbk, regarding a dispute arising out of a corporate guarantee, governed by English law, for a vessel charter.
- Representing PT Maybank Asset Management in a corruption and money laundering investigation concerning the alleged mismanagement of investments by state-owned insurer PT Asuransi Jiwasraya (Persero).
- Acting for petrochemical producer PT Chandra Asri Petrochemical Tbk in a tort claim brought by a vessel owner.
Indonesia > Foreign firms Tier 1
By its longstanding presence in Indonesia, Herbert Smith Freehills LLP is able to offer its clients international standard deal execution and expertise on local Indonesian law for both domestic and multi-jurisdictional matters. In addition, the firm is capable of acting for clients across the legal sector; its portfolio includes major companies in renewable, oil and gas, power, TMT, finance, and real estate. Adrian Cheng is well-versed in acting in financing matters for major companies operating in Indonesia, while the firm’s international arbitration practice is headed by Alastair Henderson, who has appeared in arbitrations on Indonesian disputes. Glynn Cooper advises on infrastructure projects in Indonesia concerning roads and ports whilst heading the projects & energy practice. In addition, Mark Robinson, Gitta Satryani, Jamie McLaren and Xavier Amadei head other crucial practice areas in the firm. Victor Chiew and Salonika Kataria were promoted to partners in May 2023.Practice head(s):
Mark Robinson; Adrian Cheng; Glynn Cooper; Gitta Satryani; Jamie McLaren; Xavier Amadei
Other key lawyers:
Testimonials
‘It is affiliated with firms that have a strong local presence. In the context of transactional works, this enables them to deliver well-crafted legal products.’
‘Their lawyers are resourceful and approachable – a combination clients rarely see these days.’
‘Provides seamless coordination for multi-jurisdiction dispute matters. The rapid knowledge and understanding on the matter at hand, attention to detail and strategies provides great comfort.’
Key clients
Indonesia Investment Authority
DP World
Axiata Group Berhad
Hawaiki Submarine Cable Limited Partnership
International Finance Corporation
Bukalapak
ANZ
DBS
ING
Morgan Stanley
MUFG
SCB
Societe Generale
Credit Suisse
PT Bank (Mandiri) Persero
PT Pertamina Rosneft Pengolahan dan Petrokimia
Work highlights
- Advising multiple investors in Tokopedia in relation to Tokopedia’s merger with fellow unicorn Gojek to create GoTo Group.
- Advising Indonesia Investment Authority and an international consortium on its investment cooperation with Waskita Karya for two sections of the Trans Java Toll Road in Indonesia.
- Advising the lenders on a borrowing base facility to two subsidiaries of PT Medco Energi Internasional Tbk to fund its development of the Senoro-Toili block and Block A in Indonesia.
Indonesia > IT, Telecoms and Fintech Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is particularly strong in respect of its telecoms offering, advising on the most high-profile corporate, M&A, and capital market transactions in telecoms and related infrastructure in the Indonesian market. The firm also has a growing presence in the fintech space, where it is similarly capable of providing cross-practice services to advise on complex transactional mandates. Sakurayuki heads the TMT practice, working on FDI, infrastructure, competition, M&A, and corporate matters in regard to the telecoms industry. Vik Tang straddles M&A and capital markets in advising both telecoms and fintech sector clients. Seconded Herbert Smith Freehills LLP partner David Dawborn and seconded counsel Michelle Virgiany have equally broad practices, while Abimata Putra is more focussed on fintech.Practice head(s):
Sakurayuki
Other key lawyers:
Key clients
Ant Group
API (Hong Kong) Investment Limited
Singtel
PT Telkom Indonesia (Persero) Tbk (Telkom)
PT Telekomunikasi Selular (Telkomsel)
PT Indosat Tbk
PT Smartfren Telecom Tbk
PT Fintek Karya Nusantara (LinkAja)
PT Inti Bangun Sejahtera Tbk (IBST)
Grab Holdings
Axiata Group Berhad
PT XL Axiata Tbk
PT Bukalapak.com Tbk
Work highlights
- Advised Singtel on the spin-off of Telkom’s fixed broadband business into Telkomse, with a potential total transaction value of $3.9bn.
- Advised Axiata Group Berhad and its Indonesian subsidiary PT XL Axiata Tbk on their $847m acquisition of a majority stake in PT Link Net Tbk.
- Advised Ant Group on the restructuring of its investment in DANA, involving other shareholders such as Sinar Mas, Lazada and Emtek.
Indonesia > Labour and employment Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills covers the full spectrum of employment work, handling contentious and non-contentious employment matters. Drawing on the wider Asian presence of Herbert Smith Freehills LLP, the team is well-placed to handle both local and regional matters for major international companies. The team is now led by Prawidha Murti who joined from Oentoeng Suria & Partners in association with Ashurst following the departure of David Siagian in October 2022. Tedy Rachmanto is also recommended.Practice head(s):
Prawidha Murti
Other key lawyers:
Testimonials
‘I had the pleasure to engage the employment team and it was a great experience to work with them in fulfilling the company’s business requirements as we are setting up in Jakarta Indonesia.‘
‘I would like to personally thank Tedy Rachmanto from the employment team for his timely response in all my queries. His first class service towards the short notice requests enabled the company to meet the necessary business requirements and adhere to local employment laws. I look forward to working with Tedy and the team again as the business expands in Indonesia.‘
‘Our go-to firm in Indonesia given their association with HSF.‘
Work highlights
Indonesia > Projects and energy Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has a particular focus in the areas of renewable energy, oil and gas, mining and infrastructure. Its longstanding relationship with Herbert Smith Freehills enables it to provide combined international and domestic advice. Dhani Maulana Pattinggi, as head of the practice alongside David Dawborn and Matthew Goerke, has a particular focus on M&A transactions and energy projects. Dawborn has advised major mining companies on their mineral projects in Indonesia whilst Goerke focuses on energy, power, and infrastructure matters. Aditya Rachman is also recommended for corporate transactions.Practice head(s):
Dhani Maulana M Pattinggi; Matthew Goerke; David Dawborn
Other key lawyers:
Testimonials
‘The team, comprised of Matthew Goerke, Dhani Pattingi and Adhitya Nugraha, is very resourceful and responsive. They help a lot during the negotiation process. ’
‘The firm has expertise in the industry.’
‘Matthew Goerke is very knowledgeable and great at communicating information.’
Key clients
Indonesia Investment Authority
MOECO Geothermal
Sumitomo Metal Mining
PT Indosat
Total Energies Renewables
EDF Renewables
PT Pertamina Rosneft Pengolahan dan Petrokimia
Vitol Asia Pte Ltd
DP World
Road King Expressway International Holdings Limited
Eramet
Medco Power
Huayou International Mining
Work highlights
- Advised the Indonesia Investment Authority and private equity consortium partners on the investment cooperation with Waskita Karya for two sections of the Trans Java Toll Road with a total transaction value of US$1.4 billion.
- Advised DP World on its investment in, and development and expansion, of the Belawan New International Container Terminal in Indonesia, with a project value of US$7.5 billion.
- Advised PT Indosat Tbk on its joint venture investment with BDx Asia Data Center Holdings Pte Ltd to upgrade and operate multiple data centre businesses in Jakarta.
Indonesia > Real estate Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills acts across the real estate sector in Indonesia, such as in M&A, joint ventures, capital markets, investments, financings and restructurings. The firm has recently worked on data centre projects and telecom tower sales. Its association with Herbert Smith Freehills provides a greater pool of talent to draw from in order to provide clients with the best possible service. The practice group is led by Vik Tang, who specialises in M&A and private equity work and Irfan Ghazali who joined the firm in May 2022. Astri Widita Kusumowidagdo is noted for her focus on real estate transactional matters.Practice head(s):
Vik Tang; Irfan Ghazali
Other key lawyers:
Testimonials
‘The real estate team is led by a very experienced and hardworking partner with great legal acumen. He is partnered with two other local partners who are very experienced in their fields. With their affiliation with Herbert Smith Freehills, they are able to pull international expertise and balance it with local wisdom and flavour.’
‘Vik Tang is very hands on no how matter big or small the issue or matter is despite him being a senior partner.’
‘Irfan Ghazali’s experience in “corporate Indonesian culture” brings a very pragmatic approach to complex issues.‘
‘Stephanie is hardworking and has good technical skills.’
Key clients
PT Nirvana Wastu Pratama (NWP)
Marriott International, Inc
PT Indosat Tbk
GIC
Indies Capital
Work highlights
- Advised PT Indosat Tbk on its joint venture investment with BDx Asia Data Center Holdings Pte Ltd to upgrade and operate multiple data centre businesses in Jakarta, in the largest ever foreign investment into Indonesia’s burgeoning data centre sector.
- Advised PT Nirvana Wastu Pratama, a subsidiary of Warburg Pincus, on acquisition of a shopping mall, hotel and plot of land used for a restaurant in a mixed-use property complex in Depok, West Java.
- Advised Indies Capital in the acquisition from the Ciputra Group of 60% of the shares in the operators of 70 Swiss-bel and Zest hotels across Indonesia.
Indonesia > Restructuring and insolvency Tier 1
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is experienced in handling the full range of informal financial restructurings, court-supervised debt restructurings, and bankruptcy cases for domestic and international clients. The firm is active across a range of sectors, and is able to draw upon its wider finance and disputes strengths to provide comprehensive assistance to clients. Debby Sulaiman leads the practice, with extensive experience in advising banks and other financial institutions in this work, combined with significant disputes capabilities. Tjahjadi Bunjamin heads up the finance practice, but is also active in this area, much like Adrianus Adritomo, who similarly straddles the finance and debt restructuring spheres.Practice head(s):
Debby Sulaiman; Tjahjadi Bunjamin
Other key lawyers:
Key clients
Nordic Aviation Capital
Stellar Aircraft Holding 2 Limited
Greylag Goose Leasing
Credit Suisse AG, Singapore Branch
Commonwealth Bank of Australia
Work highlights
- Advised Nordic Aviation Capital, as the biggest lessor, on the court-supervised debt restructuring process of Garuda Indonesia.
- Represented Credit Suisse AG, Singapore Branch in the bankruptcy process of PT Bina Bangun Mandiri, an Indonesian property company.
- Assisted Commonwealth Bank of Australia with the restructuring of its lease arrangements with Indonesian airlines Batik Air and Lion Air in the context of their debt restructurings.
Asia Pacific: Regional International Arbitration > Leading firms
In Greater China, Herbert Smith Freehills has a presence spanning Hong Kong, Beijing, and Shanghai, with a practice handling complex SIAC and HKIAC cases. Private equity and funds related arbitrations, alongside expertise in energy, infrastructure, TMT, and pharmaceutical sectors are all key areas of focus of the practice. Simon Chapman KC leads the practice based in Hong Kong, with global CEO Justin D’Agostino, May Tai, and Kathryn Sanger all key names in the jurisdiction. In Australia, Melbourne-based Chad Catterwell is a specialist in cross-border disputes, and heads the arbitration practice. Key arbitration practitioners operating out of the Singapore office include Alastair Henderson, Tomas Furlong, and Gitta Satryani. The experience of the practice across the ASEAN region is expanded by the network of offices across Bangkok, Kuala Lumper, and Jakarta, with Chinnawat Thongpakdee and Warathorn Wongsawangsiri both leading the team in Thailand, and Debby Sulaiman a key contact at the firm's Indonesian affiliate.Work highlights
Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills > Firm Profile
Hiswara Bunjamin & Tandjung (HBT) was established 23 years ago to meet the growing demand in Indonesia for sophisticated legal expertise and resources of an international standard. HBT is associated with leading global law firm Herbert Smith Freehills, and has one of the closest and longest-standing international associations in the Indonesian legal market, working together to protect the interests of foreign and domestic corporations and financial institutions investing and trading in Southeast Asia’s largest economy.
With 15 partners based in Jakarta, HBT is consistently recognised as one of the leading commercial and corporate law firms in Indonesia. The Jakarta-based team includes long-term international counsel seconded from Herbert Smith Freehills, while Herbert Smith Freehills’ Singapore office includes Indonesian lawyers and recognised Indonesia specialists.
Corporate/M&A: HBT has one of the leading corporate law practices in Indonesia and focuses, in particular, on multinationals and investment firms investing in Indonesia. The team has a strong track record, fielding a bilingual team on with a keen understanding of the key drivers for domestic and international investors, managing complex structural aspects and executing M&A transactions in Indonesia to international standards. Major clients include sovereign wealth funds and global private equity funds. Our Indonesian corporate/M&A practice is led by Vik Tang, a Herbert Smith Freehills partner seconded to the Jakarta office.
Banking and finance: HBT is widely recognised by clients as an industry leader for its Indonesian banking and finance capability, acting for foreign lenders and creditors in cross-border financing and debt restructurings in Indonesia. Representing many of the world’s major financial institutions, HBT acts on project and structured financings and security structures for Indonesian financings. The team is led by HBT managing partner Tjahjadi Bunjamin and partner Adrianus Adritomo (Tommy).
Capital markets: HBT is recognised by many of the world’s leading investment banks as an industry leader for its capital markets capability, representing foreign arrangers and underwriters in Indonesia and handling onshore and offshore components of capital markets offerings. The practice is led by Tjahjadi Bunjamin and Viska Kharisma, and covers the full range of capital markets transactions, including equity and debt capital markets.
Dispute resolution: HBT’s dispute resolution practice is one of the most experienced and successful in Jakarta and is recognised for its work with domestic and international clients in the most complex and significant contentious matters. The team has market-leading expertise in civil litigation; arbitration; criminal and corporate investigations; contentious employment matters; restructuring, turnaround and insolvency; business competition and private wealth disputes. The Jakarta practice is led by Debby Sulaiman supported by Prawidha Murti.
Projects and energy: HBT has one of the largest dedicated projects and energy teams focused on Indonesia. With deep relationships with major energy and resources companies in the mining, oil and gas and power sectors, the team has worked on the most significant M&A and financing matters in Indonesia, acting on the most complex mining and natural resources projects. The energy practice is led by HBT partner Dhani Maulana M Pattinggi and senior international counsel and Herbert Smith Freehills partner Matthew Goerke.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Banking & Finance | Tjahjadi Bunjamin | [email protected] | +62 21 3973 6189 |
Dispute Resolution | Debby Sulaiman | [email protected] | +62 21 3973 6103 |
Corporate and M&A | Vik Tang | [email protected] | +62 21 3973 6118 |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
Sakurayuki | Partner | View Profile | |
Adrianus (Tommy) Adritomo | Partner | View Profile | |
Tjahjadi Bunjamin | Managing Partner | View Profile | |
Cellia Cognard | Senior International Counsel | View Profile | |
David Dawborn | Senior International Counsel | View Profile | |
Matthew Goerke | Senior International Counsel | View Profile | |
Viska Kharisma Fajarwati | Partner | View Profile | |
Debby Sulaiman | Partner | View Profile | |
Vik Tang | Senior International Counsel | View Profile |
Staff Figures
Lawyers : 75Languages
English Indonesian FrenchPress Releases
Hiswara Bunjamin & Tandjung and Herbert Smith Freehills Advise 13 Lessors on US$13.8 Billion Debt Restructuring of Garuda Indonesia
24th January 2023 Herbert Smith Freehills and associate Indonesian firm Hiswara Bunjamin & Tandjung have represented multiple lessors in Garuda Indonesia’s restructuring, Indonesia’s largest restructuring in recent years.Hiswara Bunjamin & Tandjung and Herbert Smith Freehills Advise Tokio Marine Asia on Increased Shareholding in Indonesian Insurance Joint Venture
24th January 2023 Hiswara Bunjamin & Tandjung and associated international law firm Herbert Smith Freehills have advised Tokio Marine Asia Pte. Ltd. (TMA), a Singapore-based regional headquarters of the Japan insurance giant Tokio Marine Holdings, Inc., on an increased shareholding in its longstanding Indonesian joint venture, PT Asuransi Tokio Marine Indonesia (TMI).Hiswara Bunjamin & Tandjung Expands Indonesia Disputes Practice with Hire of Prawidha Murti as Partner
24th January 2023 Leading Indonesian law firm Hiswara Bunjamin & Tandjung has hired disputes partner Prawidha Murti (Wida) as part of its continued expansion in Indonesia and Asia, alongside associate firm Herbert Smith Freehills.Hiswara Bunjamin & Tandjung Expands Corporate Practice with Large Round of Promotions and New Hires in Jakarta
24th January 2023 Leading Indonesian law firm Hiswara Bunjamin & Tandjung has announced five new partner-level promotions and appointments in its corporate and M&A practice. The investment follows several years of record client demand and the firm's regular involvement in headline corporate transactions.Legal Developments
Long-awaited Reform of Indonesia’s Renewable Energy Sector
24th January 2023 After several years of discussions, the Indonesian Government has finally issued Presidential Regulation No. 112 of 2022 on Accelerating Development of Renewable Power Supply (PR 112/2022).OJK’s Revised Regulatory Framework on Peer-to-Peer Lending
24th January 2023 Indonesia’s Financial Services Authority has issued a new regulation on peer-to-peer lending platforms. As the sector matures, more stringent regulatory requirements have been introduced, applying concepts similar to those found in other financial services sub-sectors.Indonesian Financial Services Companies Prohibited from Marketing Non-OJK Licensed Investment Products
24th January 2023 Innovation and digitalisation in the financial sector have provided investors with easier access to various investment products (including offshore issued securities). The recent appearance of certain market players providing access to various types of offshore issued securities and other investment products to Indonesian investors has resulted in greater attention from a consumer protection perspective.Indonesia Passes Historic Personal Data Protection Bill
24th January 2023 On 20 September 2022, Indonesia’s President and House of Representatives (DPR) approved the Personal Data Protection bill following six years of deliberation.Dealmaking Done Well: A Discussion with the Indonesia Investment Authority’s Chief Investment Officer
24th January 2023 The “pandemic” years have been a learning experience for both investors and business. While growth prospects for the Indonesian economy remain promising, global investors appear to be moving towards a more cautious investment strategy.Legal Briefings
-
Reforms to the audit market – major changes ahead
Recent years have seen an unprecedented focus on audit and auditors in the UK. This has been driven, at least in part, by a number of high-profile corporate failures as well as the perceived widening of the ‘audit expectations gap’, the difference between what users expect from an audit and the reality of what an … -
All together now
The important role that UK business has to play in wider society is being reflected in their updated corporate governance arrangements, explain Paul Ellerman, Caroline Rae, Gareth Sykes and Ben Ward of Herbert Smith Freehills In most major jurisdictions there has been a considerable increase in focus on corporate governance issues in recent years. In … -
Why does a GC need to know about warranty and indemnity insurance?
I am writing this from my home office, the world having been turned somewhat upside down in the last few weeks. I was expecting to be writing about warranty and indemnity (W&I) insurance trends and claims in 2020, but the form book has been very much disrupted, at least in the short term. I have … -
Are you prepared?
Alexander Oddy, Greig Anderson, Paul Lewis and Tom Hutchinson of Herbert Smith Freehills review the major insurance issues facing in-house lawyers in the current market. -
White-collar crime developments and trends in the UAE
The risk of white-collar crime in the UAE is high, but authorities are increasingly proactive in taking steps to prevent, detect and prosecute crime and thereby to enhance the country’s profile as a safe investment destination. -
Insurance items on the board’s agenda for 2021
The past 12 months have been unprecedented on many fronts. Insurance is an important asset that can provide protection for organisations in challenging times and now that the proverbial ‘rainy day’ has arrived, in-house lawyers need to work closely with their risk managers and the business to maximise potential recoveries under the range of policies … -
Insurance and insolvency
The pandemic has plunged many previously healthy businesses into or close to insolvency, with serious implications for both the company itself and its commercial counterparties. In the middle of a crisis, it is easy to overlook insurance. Yet, by taking the right steps, corporates can use insurance to bring much-needed stability and liquidity. -
White-collar crime developments and trends in the UAE
As a federation of seven emirates, each with different leadership, economic circumstances and priorities as well as different (at least in part) legal and regulatory systems, the UAE presents significant complexity for government authorities and regulators when combatting money laundering (‘AML’) and other financial crime. In March 2022, the UAE was added by the Financial … -
White-collar crime in the UAE
Introduction The UAE’s well-developed legal and regulatory system, alongside its geographical location, is fundamental to its role as a global trade and transport hub. However, the system is complex – comprised of federal and emirate-level laws and enforcement agencies operating differently across jurisdictions including on-shore UAE and the country’s freezones. Many of the advantages and …