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 > Capital markets Tier 2

TnP Law Firm ‘considers commercial aspects to stay in line with client expectations and targets’. Key areas of expertise include debt and equity offerings, M&A, joint ventures, and corporate restructurings and organisations. Rambun Tjajo heads the team and acts for corporations, underwriters, private equity firms and investment banks on early-stage financing, follow-on equity offerings and private placements. Ken Prasadtyo joined from Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie at the start of 2022.

Practice head(s):

Rambun Tjajo

Other key lawyers:

Melissa Butarbutar; Ken Prasadtyo

Testimonials

‘TJAJO & Partners is known to have associates who are experienced in advising clients who are public companies or institutions engaged in the capital markets area.’

‘Not only providing advice that has strong legal basis, the team at TJAJO & Partners also considers the commercial aspects in order to stay in line with client expectations and target.’

‘When compared to other law firms, the team at TJAJO & Partners is not only represented by men but is also represented by women. It is clear how TJAJO & Partners provides more spaces for women to take an important role in leading work projects.’

‘Rambun Tjajo, as the founding partner of TJAJO & Partners, has provided practical and solution-based legal opinions for us during the work project.’

‘The team at TJAJO & Partners has delivered legal documents in efficient manner.’

Key clients

PT Solusi Bangun Indonesia Tbk

PT Sarana Meditama Metropolitan Tbk

PT Energi Mega Persada Tbk

PT Waskita Karya Realty

PT Waskita Fim Perkasa

PT Central Proteina Prima Tbk

PT Bank Negara Indonesia (Persero) Tbk

PT Perusahaan Pengelola Aset (Persero) (National Asset Management Company)

PT Cemindo Gemilang

PT Bank Rakyat Indonesia Tbk

PT Apexindo Pratama Duta Tbk

PT Bakrie & Brothers Tbk

PT Buana Lintas Lautan Tbk

PT Danareksa Investment Management

Work highlights

  • Advised and assisted PT Sarana Meditama Metropolitan Tbk, an Indonesian publicly listed company running s hospital chain businesses, in its back-to-back rights issue with the aggregate transaction value amounting to $264m.
  • Advised and assisted Waskita Group members, PT Waskita Karya Realty and PT Waskita Fim Perkasa, on the issuance of each company’s medium-term notes under the newly issued OJK rules on private debts issuance.
  • Advised PT Energi Mega Persada Tbk, publicly listed company having its main business in energy infrastructure, oil and gas, in its recent IDR 1.82 tn rights issue and corporate restructuring.

Indonesia > Restructuring and insolvency Tier 2

TnP Law Firm advises on all aspects of restructuring and insolvency, with demonstrable expertise across the energy, construction, TMT, investment management, oil and gas, and mining sectors. Founding partner Rambun Tjajo, who acts for borrowers and lenders, as well as investors, throughout the debt restructuring process, jointly leads the practice alongside managing partner Melissa Butarbutar. Senior associate Kevin Yehezkiel is another key figure in the team.

Practice head(s):

Rambun Tjajo; Melissa Butarbutar

Other key lawyers:

Kevin Yehezkiel; Brahmantyo Jatiwidianto

Key clients

PT Energi Mega Persada Tbk

PT Semen Indonesia (Persero) Tbk

PT Atlas Resources Tbk

PT Central Proteina Prima and Blue Ocean Resources Pte Ltd

PT Apexindo Pratama Duta Tbk

PT Cemindo Gemilang Tbk

PT Bank Rakyat Indonesia, Tbk

PT Perusahaan Pengelola Aset

PT Bank Muamalat Indonesia Tbk

Work highlights

  • Advised and assisted PT Apexindo Pratama Duta Tbk, an Indonesian drilling contractor for oil and gas, geothermal, and coal bed methane industries listed in Indonesian Stock Exchange (IDX), in its post-PKPU implementation’s debt restructuring.
  • Advised and assisted PT Perusahaan Pengelola Aset (Persero) (“PPA”), Indonesian state-owned asset management company, in financial restructuring of one of Indonesia’s Islamic banks that involved issuance of financial instrument Sukuk (a sharia-compliant bond-like instruments used in Islamic finance) Mudarabah.
  • Assisted and advised PT Central Proteina Prima Tbk and subsidiaries to restructure the group’s existing debts through the issuance of debt and equity instruments.

Indonesia > Projects and energy Tier 3

TnP Law Firm acts for financial institutions as lenders and borrowers on projects across the oil and gas, electric power and renewables sectors, in addition to advising on infrastructure projects, including acquisition finance, project finance and debt capital markets issues. Founding partner Rambun Tjajo leads the team and has experience in project finance matters, while Melissa Butarbutar focuses on M&As and joint ventures in the energy sector.

Practice head(s):

Rambun Tjajo

Other key lawyers:

Key clients

Bomba Group

PT Aserra Riau Energi

PT Indika Energy Tbk

PT Adaro Energy Tbk

PT Energi Mega Persada Tbk

PT Berau Coal Energy Tbk

PT Apexindo Pratama Duta Tbk

Work highlights

  • Advised PT Energi Mega Persada Tbk in its recent rights issue and corporate restructuring.
  • Advised PT Apexindo Pratama Duta Tbk, an Indonesian large drilling contractor for oil and gas, geothermal, and coal bed methane, in its post PKPU implementation’s debt restructuring.
  • Advised PT Indika Energy Tbk in establishing a joint venture with a Singaporean company for business related to solar power plants (PLTS).

Indonesia > Banking and finance Tier 4

The banking and finance team at TnP Law Firm is led by Rambun Tjajo and Melissa Butarbutar, and offers clients expertise in acquisition finance, structured finance, restructuring, loans, and regulatory matters. Key clients include banks and financial institutions, investment funds and multinational companies.

Practice head(s):

Rambun Tjajo; Melissa Butarbutar

Key clients

PT Waskita Karya Realty

PT Waskita Fim Perkasa

PT Central Proteina Prima Tbk

PT Bank Negara Indonesia (Persero) Tbk

PT Bank Mayora

PT Semen Indonesia (Persero) Tbk

PT Energi Mega Persada Tbk

PT Perusahaan Pengelola Aset (Persero) (National AssetManagement Company)

PT Bank Rakyat Indonesia (Persero) Tbk

PT Bank Muamalat Indonesia Tbk

PT Grab Teknologi Indonesia

Oriflame Investment Holding Plc (formerly Walnut Bidco PLC)

PT Danareksa Investment Management

PT Bahana Pembinaan Usaha Indonesia

PT Buana Lintas Lautan Tbk

PT Danareksa (Persero)

PT Minna Padi Investama Sekuritas (acquisition of Bank Muamalat)

PT Bank J Trust Indonesia Tbk

PT Bank Agris Tbk

Lembaga Penjamin Simpanan/LPS

PT Hypefast Karya Nusantara – Hypefast Pte Ltd

PT Apexindo Pratama Duta Tbk

Work highlights

  • Advised and assisted Mayora Group (and PT Bank Mayora) on the acquisition of PT Bank Mayora by PT Bank Negara Indonesia Tbk (“BNI”) with a transaction value of approximately IDR 3.5 tn.
  • Advised and assisted PT Perusahaan Pengelola Aset (Persero) (“PPA”), Indonesian state-owned asset management company, on the financial restructuring of one of Indonesian biggest Islamic banks that involved issuance of financial instrument Sukuk (a sharia-compliant bond-like instruments used in Islamic finance) Mudarabah.
  • Advised and assisted international financiers in relation to the loan facility provided for PT Buana Lintas Lautan Tbk.

Indonesia > Corporate and M&A Tier 4

TnP Law Firm primarily acts for domestic clients on corporate and commercial matters, including M&A, regulatory, compliance, restructurings, FDI and joint ventures. Founding partner Rambun Tjajo and managing partner Melissa Butarbutar jointly head the practice, with Tjajo bringing over 38 years’ experience in corporate work to the team, and Butarbutar handling domestic and cross-border corporate transactions. Ken Prasadtyo joined from Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie in January 2022.

Practice head(s):

Rambun Tjajo; Melissa Butarbutar

Other key lawyers:

Brahmantyo Jatiwidianto; Ken Prasadtyo

Testimonials

‘The team consists of partners, senior associates, and associates that are highly skilled in this sector.’

‘They are able to assist, provide recommendations and solve issues in a timely manner.’

‘We have worked with the team for couple of transactions and they are developing their knowledge.’

Key clients

PT Pelabuhan Indonesia (Persero)

PT Bahana Pembinaan Usaha Indonesia (Persero)

PT Solusi Bangun Indonesia Tbk

PT Cemindo Gemilang Tbk

Alpha JWC Ventures

PT Adaro Energy Tbk

PT Central Proteinaprima Tbk

PT Bank Royal Indonesia

PT Pelindo Terminal Petikemas

PT Dayamitra Telekomunikasi Tbk (Mitratel)

PT Grab Teknologi Indonesia

PT Perusahaan Pengelola Aset (Persero) (National Asset Management Company)

PT Semen Indonesia (Persero) Tbk

PT Danareksa (Persero

PT Mayora Inti Utama (Mayora Group)

PT Bakrie Sumatera Plantations Tbk

PT Semen Kupang Indonesia

PT Prodia Widyahusada Tbk

Work highlights

  • Advised and assisted Mayora Group (and PT Bank Mayora) in the acquisition of PT Bank Mayora by PT Bank Negara Indonesia Tbk (“BNI”) with the transaction value approximately IDR 3.5 tn.
  • Advised PT Indika Energy Tbk to establish a joint venture company for the business related to solar power plants (PLTS).
  • Advised and assisted Indonesia Financial Group/IFG (PT Bahana Pembinaan Usaha Indonesia (Persero)) in the process of Government of Indonesia’s equity participation in financial year 2021.

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 3 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
Rambun Tjajo photo Rambun Tjajo Founding Partner
Kevin Yehezkiel photo Kevin Yehezkiel Associate Partner