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Assegaf Hamzah & Partners

CAPITAL PLACE, LEVEL 36 & 37, JALAN JENDERAL GATOT SUBROTO KAV. 18, JAKARTA 12710, INDONESIA
Tel:
Work +62 21 2555 7800
Fax:
Fax +62 21 2555 7899
Email:
Web:
www.ahp.co.id
Jakarta, Surabaya

Bono Adji

Tel:
Work +62 21 25557800
Email:
Assegaf Hamzah & Partners

Position

Partner

Career

Bono graduated with a bachelor of law degree from Trisakti University in Jakarta in 1993, before going on to obtain an LL.M from Monash University, Melbourne, Australia, in 1995. He has been practicing law in Indonesia since 1997, focusing on foreign direct investment, mergers and acquisitions, and capital markets. After a brief spell at another of Jakarta’s premier law firms, Bono joined Assegaf Hamzah in 2002, where he quickly developed a reputation for being at the cutting edge of Indonesian commercial law. In the banking and finance arena, Bono earned his spurs during the effort to bring order to the chaos that reigned following the virtual collapse of the Indonesian economy in the wake of the 1997/98 Asian financial crisis. Among the significant mandates he worked on at that time were advising Bank Danamon and the Indonesian Bank Restructuring Agency (IBRA) on the merging of nine major domestic banks that were in danger of imminent collapse. In his capital markets practice, Bono has played an instrumental role in a long list of high-profile public offerings, most recently those of PT Saratoga Investama Sedaya (the first by an Indonesian private equity house), PT Mitra Pinastika Mustika, PT Austindo Nusantara Jaya, PT Provident Agro, rupiah bond issuances by PT Medco Energi Internasional Tbk, PT Garuda Indonesia Tbk, PT Berau Coal Energy Tbk, PT Tower Bersama Infrastructure Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Elnusa Tbk and PT Bank Tabungan Pensiunan Nasional Tbk, and a series of rupiah and USD bond issuances by PT Indosat Tbk. In the M&A arena, Bono represented PT XLAxiata Tbk in the proposed acquisition of PT Axis Telekom Indonesia, PT Recapital Advisors in its acquisition of a 90% stake in PT Berau Coal, Rabobank Netherlands in its acquisition of PT Bank Haga and PT Bank Hagakita (and the central bank’s related fit-and-proper process), Telenor in its proposed acquisition of a major telecommunications company in Indonesia, PT Excelcomindo Pratama Tbk in its proposed disposal of telecommunications towers, and the Coca Cola Company in its acquisition of PT Ades Waters Indonesia. Meanwhile, in debt restructuring, Bono represented ING as financial adviser in an exchange offer for USD Notes issued by PT Davomas Abadi Tbk. More recently, he advised Baring Private Capital Asia on its acquisition of a 41.65 percent stake in PT Cardig Air Services from PT Menara Nusantara through a call option Bono is a member of the Indonesian Bar Association (Peradi), the member of committee of the Indonesian Capital Market Legal Consultants Association (HKHPM) and the Aviation Law Society (Masyarakat Hukum Udara). International Recognition • Recommended for Capital Markets, Corporate / M&A and Banking & Finance by the Legal 500 • Chambers Asia “Leading Individual” in Capital Markets, Corporate/M&A, and Telecommunications • Recognized as a “Leading Lawyer” in Capital Markets, M&A, Banking, and Restructuring & Insolvency by International Financial Law Review (IFLR)


Indonesia

Aviation

Within: Aviation

Assegaf Hamzah & Partners' presence in the aviation sector stems from its banking and finance, capital markets and dispute resolution practices. Chandra Hamzah co-heads the team and is an expert in litigation, whereas fellow practice head Eri Hertiawan has extensive experience in ADR. Hertiawan is defending Air Asia in a tort action brought by four customers who were refused check-in and board despite having valid tickets. For capital markets, Bono Daru Adji assisted Garuda Maintenance Facility Aero Asia with its initial public offering on the Indonesian Stock Exchange. In banking and finance, Indira Yustikania advised DBS Bank on financing the acquisition of two aircraft for ICBC Leasing and leased to Garuda Indonesia.

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Capital markets

Within: Leading individuals

Bono Daru Adji - Assegaf Hamzah & Partners

Within: Capital markets

Assegaf Hamzah & Partners is well known for equity and debt issuances, with clients that include Medco Energi and the Indonesian government. Managing partner Bono Daru Adji helms the team and is an expert in public offerings, refinancings and acquisition finance; he advised ABM Investama on its bonds issuance worth $300m. Ahmad Fikri Assegaf assisted SEA Limited with the Indonesian elements of its US IPO and acted for the Indonesian government on the establishment of its first green sukuk bond. Mohammad Renaldi Zulkarnain  is skilled in handling high-yield debt and equity offerings, as well as issuances of sovereign and corporate sukuk bonds. Also recommended is Tunggul Purusa Utomo who is experienced in onshore and offshore offerings.

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Real estate

Within: Real estate

Assegaf Hamzah & Partners' real estate practice is highly skilled in both contentious and non-contentious issues. Yogi Marsono leads the team and advised cement manufacturer Semen Indonesia on its acquisition of 400 hectares of land in Central Java. Bono Daru Adji is also a key figure and assisted Nirvana Wastu Pratama with its acquisition of Gorontalo Mall and Maqna Hotel Gorontalo through a shares acquisition of the entities' owner and operator, Primerindo Kencana. Also recommended are M&A practice head Eko Basyuni, who is active in real estate transactions, and disputes specialist Eri Hertiawan, who is often instructed in real estate-related disputes.

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Shipping

Within: Shipping

Assegaf Hamzah & Partners has expertise in both contentious and non-contentious shipping matters. Work highlights include Bono Daru Adji advising the port Nusantara Pelabuhan Handal on its Initial Public Offering and Ibrahim Assegaf assisting Kredi Bankasi with a loan to finance an Indonesian floating powership.

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