TnP Law Firm > Jakarta, Indonesia > Firm Profile

TnP Law Firm
Satrio Tower, 15th Floor
Jl.Prof. Dr. Satrio Kav. C4
Jakarta 12950 – Indonesia
Indonesia

Indonesia > Restructuring and insolvency Tier 2

TnP Law Firm has a client base comprising both borrowers and lenders, including those who invest during the course of the restructuring process, and has experience working with both state-owned and private enterprises. Rambun Tjajo has a broad practice across finance and capital markets, and is active in assisting clients in the banking sector with their matters related to insolvency and restructuring. Melissa Butarbutar shares leadership of the team with Tjajo, and likewise has expertise across finance and capital markets. Ken Prasadtyo is another key contact.

Practice head(s):

Melissa Butarbutar; Rambun Tjajo

Other key lawyers:

Key clients

PT Central Proteina Prima Tbk

PT Energi Mega Persada Tbk

PT Grab Teknologi Indonesia

PT Waskita Karya Realty

PT Waskita Fim Perkasa

PT Perusahaan Pengelola Aset

PT Buana Lintas Lautan Tbk

PT Semen Indonesia (Persero) Tbk

PT Bank Mayora

PT Bank Negara Indonesia (Persero) Tbk

Work highlights

  • Advising an Indonesian state-owned asset management company on a financial restructuring involving a listed company engaged in the consumer goods and agriculture commodities sector.
  • Advising PT Perusahaan Pengelola Aset on a completion of facility financing to restore and grow its existing fleet amidst the company’s restructuring program for Garuda Indonesia.
  • Advising an Indonesian state-owned asset management company on the provision of a loan facility to an Indonesian airline for financing the restoration of its fleet.

Indonesia > Capital markets Tier 3

TnP Law Firm advise a range of clients across the spectrum of capital markets work, with debt and equity offerings being the firm’s primary strength in this space. Rambun Tjajo, as founding partner, co-leads on the firm’s work in this space, conducting due diligence, drafting transaction documents, negotiating on behalf of issuers and underwriters, and preparing prospectuses. Managing partner Melissa Butarbutar co-leads on this work, bringing her wider finance and corporate expertise to the firm’s capital market matters. Ken Prasadtyo is also a key contact.

Practice head(s):

Rambun Tjajo; Ken Prasatyo; Melissa Butarbutar

Key clients

PT Bumi Resources Tbk

PT Dayamitra Telekomunikasi

PT Berau Coal Energy Tbk

PT Bakrie Telecom Tbk

Bomba Group

PT Telekomunikasi Indonesia (Persero) Tbk

PT Pelabuhan Indonesia (Persero)

PT Energi Mega Persada Tbk

PT Sarana Meditama Metropolitan Tbk

PT Waskita Karya Realty

PT Waskita Fim Perkasa

PT Cemindo Gemilang Tbk

Work highlights

  • Representing PT VKTR Teknologi Mobilitas as a subsidiary of one of Indonesia’s largest conglomerates groups, Bakrie & Brothers Tbk, on its IPO worth USD60,3m.
  • Representing PT Bumi Resources Tbk as Issuer on its Rights Issue matter, including performing due diligence on BUMI.
  • Representing the investment holdings and management company, DXN Holdings Berhad, and successfully raised a total of RM112m in proceeds through its retail offering.

Indonesia > Corporate and M&A Tier 3

TnP Law Firm is able to cover the full scope of corporate mandates, and has been particularly active in the sale of telecoms infrastructure and in acquisitions and divestitures in the energy sector, covering both generation and distribution. The team also has a track record in a range of other industries. Rambun Tjajo has extensive experience in handling a range of M&A and other transactional matters as part of his broad practice. Melissa Butarbutar and Ken Prasadtyo similarly lend their wide-ranging strengths to a diverse array of transactions.

Practice head(s):

Rambun Tjajo; Ken Prasadtyo; Melissa Butarbutar

Testimonials

‘Extensive knowledge of regulations combined with practical experience.’

‘Ken Prasadtyo has a very pragmatic approach to legal issues. He is very responsive and actively drives the deal forward.’

Key clients

PT Danareksa (Persero)

PT Bank Niaga Tbk

PT Cemindo Gemilang Tbk

PT Solusi Bangun Indonesia Tbk

PT Bahana Pembinaan Usaha Indonesia (Persero)

PT Pelabuhan Indonesia (Persero)

PT Central Proteinaprima Tbk

PT Dayamitra Telekomunikasi Tbk

PT Permata Agro Persada

PT Bukalapak.com Tbk

PT Krakatau Sarana Infrastruktur

PT Bumi Resources Tbk

PT Bank Mayora

Work highlights

  • Advising Mayora Group on the acquisition of one of its subsidiaries, PT Bank Mayora, by PT Bank Negara Indonesia Tbk.
  • Advising PT Dayamitra Telekomunikasi Tbk on a major telecoms tower acquisition, with a value of $720m for the transfer of 6000 towers from Telkomsel.
  • Advising the Bakrie family, including PT Bumi Resources Tbk, on the $1.6bn acquisition of Bumi by Salim group.

Indonesia > Projects and energy Tier 3

TnP Law Firm handles a mix of acquisitions, establishment of new ventures, project finance and restructuring matters. Founding partner Rambun Tjajo  leads the team which also includes Melissa Butarbutar whose recent experience includes acting for clients on joint ventures in the renewable energy sector and Ken Prasadtyo who handles capital markets and M&A transactions for clients in the mining and infrastructure sectors.

Practice head(s):

Rambun Tjajo; Ken Prasadtyo; Melissa Butarbutar

Key clients

PT Danareksa (Persero)

PT Bank Niaga Tbk

PT Cemindo Gemilang Tbk

PT Solusi Bangun Indonesia Tbk

PT Bahana Pembinaan Usaha Indonesia (Persero)

PT Pelabuhan Indonesia (Persero)

PT Central Proteinaprima Tbk

PT Dayamitra Telekomunikasi Tbk

PT Permata Agro Persada

PT Bukalapak.com Tbk

PT Krakatau Sarana Infrastruktur

PT Bumi Resources Tbk

PT Bank Mayora

Work highlights

  • Acting for Krakatau Sarana Infrastruktur on its share divestment programme regarding PT Krakatau Daya Listrik and PT Krakatau Tirta Industri.
  • Acting for Bakrie family including PT Bumi Resources Tbk in its landmark USD1,6 billion acquisition of Bumi by Salim group.

Indonesia > Banking and finance Tier 4

TnP Law Firm's team has a wide range of experience in the banking and finance space. The department advises Indonesian banks on M&A, financing, debt restructuring, and bilateral and syndicated lending mandates, and the group has seen an increase in work involving syndicated sustainability linked loans. Founding partner Rambun Tjajo and managing partner Melissa Butarbutar jointly head the practice, in which Ken Prasadtyo is a key practitioner.

Practice head(s):

Rambun Tjajo; Melissa Butarbutar

Other key lawyers:

Testimonials

The group has an unparalleled depth of skill, delivered by a team of genuinely good people. They invariably work with you as a partner to seek to help resolve any challenges that arise.

Key clients

PT Semen Indonesia (Persero) Tbk

PT Grab Teknologi Indonesia

PT Danareksa (Persero)

PT Perusahaan Pengelola Aset

PT Buana Lintas Lautan Tbk

PT Bank Mayora

PT Bank Negara Indonesia (Persero) Tbk

PT Semen Baturaja (Persero) Tbk

Bahana Kapital Investama/BPUI

GMF Aero Asia (Garuda)

PT Pelabuhan Indonesia (Persero) (“Pelindo”)

Work highlights

  • Advising the Mayora Group on the acquisition of PT Bank Mayora by PT Bank Negara Indonesia Tbk.
  • Advising PT Semen Indonesia (Persero) Tbk and PT Solusi Bangun Indonesia Tbk on a USD460m SSL credit agreement with twelve banks.
  • Advising PT Perusahaan Pengelola Aset on a completion of facility financing for the restoration and growth of its existing fleet, amidst the company’s restructuring program for airline company Garuda Indonesia.

Indonesia > IT, Telecoms and Fintech

Led by Ken Prasadtyo and Melissa Butarbutar, TnP Law Firm has a particular strength in handling corporate and capital market transactions in relation to telecom infrastructure.

TnP Law Firm (formerly Tjajo & Partners) was established in 2016 and since then, has been one of the well-respected corporate law firms in Indonesia. We earn this reputation due to our commitment to outstanding service and professional excellence to our clients.

TnP Law Firm was founded by a distinguished legal practitioner with more than 38 years of legal experience, and now the firm consists of 4 Partners and 25 lawyers. All lawyers have graduated from reputable Indonesian law faculties and are fluent in English and Bahasa Indonesia. They are dedicated legal consultants, who have the needed broad knowledge, skill sets and the depth of experience in various industries.

We take a careful understanding of the culture and the legal business environment in Indonesia and tailor each professional service to accomplish your business challenges. We continuously enrich our knowledge and evolve in the anticipation of the rapid legal environment. We practice in a true commercial approach that promises better value to our clients. The legal professionals of our firm are specialists in their fields. The team is focused on meeting your business needs and is accessible, responsive, practical, and reliable. We maintain personal relationships and gather in-depth knowledge of your businesses, responding to your concerns to provide sound legal advice, effective strategies, and specific solutions. We may be regarded as your trusted legal counsel and rest assured that we are working hard in an ethical, resourceful, and cost-effective manner.

We have a long-standing client relationship with multinational and leading corporations in various industry sectors, financial institutions, and as well with the relevant government institutions in the industry to provide comprehensive service on a national and international scale.

Department Name Email Telephone
Rambun Tjajo rambun.tjajo@tjajolaw.id +62 21 2251 3653
Melissa Butarbutar melissa.butarbutar@tjajolaw.id +62 21 2251 3653
Ken Prasadtyo ken.prasadtyo@tjajolaw.id +62 21 2251 3653
Frans Sihasale frans.sihasale@tjajolaw.id +62 21 2251 3653
Photo Name Position Profile
Melissa Butarbutar photo Melissa Butarbutar Partner
Ken Prasadtyo photo Ken Prasadtyo Partner
Frans Sihasale photo Frans Sihasale Partner
Rambun Tjajo photo Rambun Tjajo Founding Partner