Oentoeng Suria & Partners in association with Ashurst > Jakarta, Indonesia > Firm Profile

Oentoeng Suria & Partners in association with Ashurst
LEVEL 37, EQUITY TOWER, SUDIRMAN CENTRAL
BUSINESS DISTRICT, JL. JEND. SUDIRMAN KAV 52- 53
JAKARTA SELATAN 12190
Indonesia

Indonesia > Banking and finance Tier 1

Oentoeng Suria & Partners in association with Ashurst is well known for its expertise in the energy and infrastructure space, acting for some of the market’s foremost lenders on multi-billion dollar project financings and debt financings. The team also works closely with its counterparts in Singapore, Beijing, Hong Kong and Sydney when handling outbound transactions in Indonesia, possessing a strong track record advising Chinese investors. Rizaldy Tauhid heads up the team and has a practice that largely concentrates on projects and infrastructure, often working closely with Frédéric Draps who shares a similar practice. Chandra Setyabrata has a wealth of experience advising domestic and overseas banks on general lending, project finance and acquisition finance.

Practice head(s):

Rizaldy Tauhid

Key clients

China Development Bank

China Construction Bank

Bank of China

PT Bank Negara Indonesia (Persero) Tbk

DBS Bank Ltd

PT Bank Mandiri (Persero) Tbk

PT Bank Central Asia Tbk

PT Bank Rakyat Indonesia (Persero) Tbk

PT Bank BTPN Tbk

Indonesia Eximbank

PT Pertamina Hulu Energi

Bank of East Asia (China) Limited

SMBC Singapore Branch

PT Halmahera Jaya Feronikel

PT Sarana Multi Infrastruktur (Persero)

PT Indonesia Infrastructure Finance

PT Krakatau Steel (Persero) Tbk

Work highlights

  • Advising China Development Bank on the Jakarta-Bandung High Speed Rail Project.
  • Advised lenders in IDR9.3 trillion approx. project financing transaction to PT Pupuk Sriwidjaja for the development of fertilizer production facility in South Sumatera known as Pusri III-B Project.
  • Acted as lenders’ legal counsel in Rp31 trillion financing transaction to PT Perkebunan Nusantara III and its subsidiaries to refinance the existing restructured debt of PTPN 3 Group.

Indonesia > Projects and energy Tier 1

With marquee development and financing mandates in its impressive work portfolio, Oentoeng Suria & Partners in association with Ashurst continues to be a leading player in the energy and infrastructure market, offering trusted counsel to top multinationals, financial institutions, and government bodies. The firm is particularly active in the power and renewables sectors, notably in the energy transition space, and is distinguished by its expertise in project finance. Frédéric Draps manages a number of the firm’s most consequential client relationships and mandates and is active on major transport developments, waste-to-energy builds, and utility scale solar IPP projects. Ratih Nawangsari also possesses considerable market experience and possesses a practice that spans both M&A and project finance. Dan Trevanion relocated from Sydney in May 2023 and has a strong understanding of renewables and energy transition assets.

Practice head(s):

Frédéric Draps

Other key lawyers:

Testimonials

‘The Ashurst team was always prompt and efficient.’

‘Frédéric Draps was easy to communicate with and has expertise in the EPC business in Indonesia.’

Key clients

BASF

China Development Bank

Sojitz Corporation

Eramet

IFC

World Bank

Chiyoda Corporation

PT Chandra Asri Petrochemical Tbk

PT Pertamina (Persero)

Bangkok Bank Public Co Ltd

ACEN Indonesia Investment Holdings Pte Ltd

GCL Intelligent Energy Co., Ltd.

SMBC

Ib Vogt

HDF Energy

Société Générale

DZ Bank

Work highlights

  • Advising Sojitz on the extension of the Jakarta mass-rail transit, including construction and implementation of stations, railway systems and signaling systems.
  • Advising Sumitomo Corporation on the Legok Nangka Waste-to-Energy PPP Project, a National Strategic Project located in the greater Bandung area with a capacity of 1,800 tonnes/day of municipal solid waste.
  • Advising Societe Generale, Clifford Capital and SMBC as lenders on the 50MW solar PV plant and 10MW BESS to supply renewable energy to Indonesia’s future new capital city.

Indonesia > Foreign firms Tier 2

Indonesia > Corporate and M&A Tier 3

Oentoeng Suria & Partners in association with Ashurst ‘boasts a team of highly experienced attorneys with a track record of handling numerous M&A transactions’, with a particular focus on the energy and natural resources sector. The firm also has an active venture capital offering, retaining a client roster that includes both strategic investors and start-ups and SMEs. Ratih Nawangsari leads the group and is active on high-end M&A and foreign investment mandates. Co-head Ratih Nawangsari has an extensive cross-border practice and covers the full gamut of corporate instructions. Frédéric Draps focuses on the energy and infrastructure sector. Adhika Aditya  also comes recommended.

Practice head(s):

Ratih Nawangsari; Dion Alfadya

Other key lawyers:

Testimonials

‘Ashurst boasts a team of highly experienced attorneys with a track record of handling numerous M&A transactions. The team has deep knowledge of corporate and M&A matters allowing them to provide tailored and strategic advice.’

‘Dion Alfadya has extensive expertise in corporate and M&A, and is a full-fledged lawyer with great communication and negotiation skill.’

‘Oentoeng Suria & Partners in association with Ashurst stands out in corporate and M&A, with its deep local expertise and global perspective, making it a preferred choice for complex transactions. The firm offers comprehensive M&A services, strong regulatory knowledge, sector-specific expertise, and a multidisciplinary approach.’

‘The individuals at Oentoeng Suria & Partners stand out due to their deep knowledge and expertise in corporate and M&A, which is complemented by their cooperative and insightful nature. Partners such as Ratih Nawangsari consistently demonstrate a thorough understanding of complex transactions, providing strategic and tailored advice.’

‘OSP has a strong practice group in corporate and M&A, which focuses on venture capital investment. They implement a thorough yet efficient process in conducting focused due diligence and negotiation of transaction documents which is tailored to meet the needs of investor investing in early-stage companies.’

‘Dion Alfadya stands out as sharp yet practical counsel in advising deals. He communicates proactively, provides practical views on issues and is swift in handling and communicating with related parties which are helpful in driving the closing of the deals.’

Key clients

ACEN Indonesia Investment Holdings Pte Ltd

UBS AG Singapore Branch

Jungle Ventures

PT Chandra Asri Petrochemical Tbk

A.S. Watson Retail Limited

Monash University

The Ford Foundation

Abu Dhabi Marine Operations and Services Company LLC

Beijing ByteDance Network Technology., Ltd

PT Grab Teknologi Indonesia

Work highlights

  • Advised ACEN Indonesia Investment Holdings Pte Ltd in its investment in PT Puri Prakarsa Batam, a joint venture with PT Trisuya Mitra Bersama of the Puri Usaha Group, for the development of groundbreaking renewable energy projects in Indonesia focusing on large-scale solar power plants, battery energy storage system and green hydrogen projects.
  • Advised UBS in the placing of shares in IDX-listed Indosat Ooredoo by Singapore-based PE firm Northstar Advisors.
  • Advised Jungle Ventures, a Singapore-based venture capital firm, on its USD 8,500,000 investment in PT Yay Enak Semua, an Indonesian-based F&B business.

Indonesia > Dispute resolution Tier 3

With demonstrable experience across the manufacturing, mining, pharmaceutical, and energy sectors, Oentoeng Suria & Partners in association with Ashurst handles a range of disputes, from corporate crime investigations to construction cases, in addition to citizen lawsuits and class actions. Hillman Sembiring leads the team and represents domestic and international clients in class actions, citizen lawsuits, financial derivative cases, arbitrations and import-export disputes. Sembiring is ably supported by Rizki Imral Rakhim.

Practice head(s):

Hillman Sembiring

Other key lawyers:

Testimonials

‘Rizki Imral Rakhim and Hillman Sembiring stand out. They are good listeners and full of knowledge, remain humble and adaptive yet assertive.’

Key clients

Hyundai Engineering & Construction Co. Ltd Jakarta Branch Office

PT Credit Suisse Sekuritas Indonesia

Australia and New Zealand Banking Group Limited

Credit Suisse (Switzerland Ltd)

Commonwealth Bank of Australia

PT Trinusa Travelindo

PT Supermal Karawaci

PT Hein Global Utama

PT Go To Gojek Tokopedia

PT Dewata Wibawa

Work highlights

  • Assisting PT Credit Suisse Sekuritas Indonesia in relation to dissolution and liquidation process of Credit Suisse.
  • Representing Hyundai Engineering & Construction Co. Ltd – Jakarta Branch Office in a court hearing process as the defendant.

Ashurst is a leading global law firm with over 500 partners and a further 2,000 lawyers working across 11 different time zones. The firm’s in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law.

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Photo Name Position Profile
Dion Alfadya photo Mr Dion Alfadya Partner
Frédéric Draps photo Frédéric Draps Partner
Ratih Nawangsari photo Ms Ratih Nawangsari Partner
Hillman Sembiring photo Mr Hillman Sembiring Partner
Chandra Setyabrata photo Mr Chandra Setyabrata Senior Associate
Rizaldy Tauhid photo Rizaldy Tauhid Partner / Office Managing Partner, Jakarta
Dan Trevanion photo Mr Dan Trevanion Senior Associate / Foreign Legal Consultant