Firm Profile > Makarim & Taira S. > Jakarta, Indonesia

Makarim & Taira S.

Labour and employment Tier 1

Makarim & Taira S. 's broad employment practice has recently been the trusted advisor on several mass terminations. Lia Alizia is the key name of note and is expert in both contentious and non-contentious work and has been instructed by major multinational companies in the manufacturing, consumer, technology and hospitality sectors.

Practice head(s):

Key clients


Save the Children


Hilton Hotels

NTT Data


UBMG Limited

Lixil Group Corporation

Symantec Corporation

Aetna International

Asian Paints


Oil Spill Response


New Balance

Projects and energy Tier 1

Makarim & Taira S. is a leading independent firm for energy and mining work, with a mix of domestic and international clients. Rahayu Ningsih Hoed leads the practice and is particularly strong in project financing and land acquisitions. Other important figures include foreign direct investment expert Maria Sagrado, banking and finance specialist Kurniawan Tanzil, and regulatory and commercial expert Vincent Ariesta Lie.

Practice head(s):

Key clients

PT Lestari Banten Energi

Sumitomo Corporation

Marubeni Corporation

Toba Bara Sejahtera

PT Agung Pomodoro Land

DP World

Chubu Electric Power

PT Pertamina (oil and gas state-owned company)

PT Asahimas Chemical

Shanghai Construction Group

PT Takenaka-Total Joint Op

China Shenhua Energy Company Limited

PT Freeport Indonesia

PT Shenhua Guohua Lion Power Indonesia

PT Pertamina Geothermal Energy

PT Toba Bara Sejahtra Tbk

Antitrust and competition Tier 2

Makarim & Taira S.'s experienced corporate team regularly handles merger control matters, particularly for multinational companies in the chemicals, electric and retail industries. Lia Alizia is the name of note for this line of work.

Banking and finance Tier 2

An independent firm, Makarim & Taira S. has expertise in both domestic and cross-border transactions, especially in areas such as syndicated lending, export credits, refinancing, and debt restructuring. Kurniawan Tanzil works at the helm and is an expert in both corporate and project finance, with additional expertise in capital markets. Lina A. Amran is another key name, focusing on trade financing, credit insurance, and commodities trading. Maria Sagrado, who supports foreign investors, has extensive experience in regulatory work, particularly when it comes to the fintech sector.

Practice head(s):

Key clients

China Development Bank

Bank of China

Visa Worldwide


BNP Paribas

Bank of America

Bangkok Bank Public Company Limited

Deutsche Bank AG

The Bank of Tokyo-Mitsubishi UFJ, Ltd and Mizuho Corporate Bank, Ltd,

The Hongkong and Shanghai Banking Corporation Limited

PT Bank Mandiri (Persero) Tbk.

PT Cirebon Energi Prasarana

Axis Bank Limited

Alipay (Hong Kong) Holding Limited

WeLab Quest Limited

Corporate and M&A Tier 2

Makarim & Taira S. is one of the strongest independent firms in the areas of energy, infrastructure and manufacturing, with experience in handling domestic deals as well as working as local counsel on global transactions. Practice head Rahayu Ningsih Hoed is known for her expertise in the energy sectors, with additional strengths in project finance and employment. Maria Sagrado is a key name for the firm’s FDI work, and is currently very active in assisting Chinese and Japanese investors. Managing partner Lia Alizia is highly skilled in corporate governance and general commercial matters.

Practice head(s):


‘Contactable and prompt response.. The advice was also useful, rather than only being technical.’

‘Yohanes Masengi quickly made himself available for an initial briefing regarding our client’s requirements. They were then flexible in terms of working with this on the scope while we finalised some of the administration. This reflects our good trust and cooperation together over the many years. They then provided clear and useful advice and promptly responded to my follow up questions.’

‘The teama is very prompt and responsive and has always met our expectations.’

‘Makarim & Taira’ team has a good understanding of the issue at hand and is able to turn around their advisory opinion within the tight deadline.’

‘Lia Alizia is always reachable and Jonathan Tjenggoro is responsive and provides clear communication.’


Key clients

PolyOne Corporation


Lotte Chemical Corp


ArcelorMittal Gonvarri Brasil Produtos Siderurgicos,S.A



Dimensions Data


Pertamina Geothermal Energy

Mapletree Investments

PT Aventis Pharma

Fermo-Bau GmbH



Flexicon Singapore Pte. Ltd.

PT Hyundai Machinery Indonesia

Legal Studio

Chatham Imports, Inc.

Dable Inc

Aeon Delight Co., Ltd.

Ferro Corporation

PT Toba Bara Sejahtra Tbk

Bluestar Alliance LLC

Dispute resolution Tier 2

Makarim & Taira S. predominantly focuses on payments disputes and contractual breaches concerning major transactions or projects. Lia Alizia leads the practice and is an expert in the aforementioned areas, and most notably securing the enforcement of foreign arbitral awards in Indonesia. Other key members of the team include Rahayu Hoed, who is adept in handling environmental disputes, and Alexandra FM Gerungan, who is skilled in civil and criminal payment-related disputes.

Practice head(s):


‘Responsive and has a depth of knowledge in a number of practice areas.’

‘Lia Alizia is articulate and very pleasant to work with. Rudy Andreas Halomoan Sitorus is responsive and is always available to deal with client enquiries.’

‘Generally speaking, the lawyers that attended to our file were extremely responsive and provided quality advice.’

‘Ms Benedicta Frizka was very switched on and assisted us every step of the way. She was also very prompt and precise with her responses and that convenienced us greatly.’


Key clients

Club Med Asie

Hipra SA Laboratories

HBO Asia

Radisson Hotels Asia Pacific

PT Sari Melati Kencana

Axis Bank

PT DSI Underground


PT Geo Dipa Energi (Persero)

PT Ferrostaal Equipment Solutions

PT Panasonic Gobel Indonesia

Banner Marine Pty Ltd

PT Wood Group Pressure Control

Radio Frequency System

Alcan Packaging Flexipack

The Commonwealth of Australia/Australian Embassy in Jakarta

Kellogg Brown and Root

Croda Overseas Holdings Limited

PT Daewoong Pharmaceutical Company Indonesia

IT, Telecoms and Fintech Tier 2

Makarim & Taira S. ' skillset within this space covers advising on the corporate and regulatory issues behind fintech, e-commerce and over-the-top streaming services. Leading the practice is Maria Sagrado whose expertise is particularly noteworthy given she was involved in the drafting process of the first Financial Services Authority regulation on Fintech. At present, she is currently very active in advising on peer-to-peer lending platforms.

Practice head(s):

Key clients


NTT Data



Dynamic Credit


Tencent Limited

Motorola Solutions

Cisco Systems



HBO Pacific Partners, V.O.F.

PT Sampoerna Strategic (shareholder of PT Sampoerna Telekomunikasi Indonesia)

Real estate Tier 2

Makarim & Taira S. operates a broad workload with notable strength in the energy, manufacturing and hospitality sectors. The team has advised on property and land acquisitions, leasehold arrangements and EPC contracts. Rahayu Hoed, a well known name for land acquisitions on major energy projects, leads the practice.

Practice head(s):

Key clients

PT Ceria Nugraha Indotama (CNI)

Sumitomo Corporation

Marubeni Corporation

US listed company subsidiary

Australian Embassy

New Forests

GE Finance Money

PT Intiland

Country Garden

Agung Podomoro

Hilton Hotels

Mandarin Oriental

Accor Hotel

Premier Inn

Badan Pelaksana Otorita Danau Toba

PT Frisian Flag Indonesia

PT Sampoerna Land

Restructuring and insolvency Tier 2

Makarim & Taira S. advises on bankruptcy, restructuring, and insurance liability issues. Leading the team is Lia Alizia, who is very strong in advising multinational companies on restructuring issues. Kurniawan Tanzil, who heads the banking and finance team, is also very experienced in handling debt restructurings.

Practice head(s):

Key clients

Yonder Music

Kerry Group Plc

Blueback Global

Club Med Asia Pacific

Media Development Investment Fund

Kepco SPC Power Corporation

Axis Bank

Capital markets Tier 3

Makarim & Taira S. has been assisting issuers underwriters and investors on both public and private offerings. The team has a particularly strong track record in cross-border transactions, acting for inbound investors as well as local companies seeking offshore listings. Maria Sagrado leads the practice and is supported by banking and finance practice head Kurniawan Tanzil.

Practice head(s):

Key clients

PT Lestari Banten Energi

PT Ciptadana Capital

Lucent Block Co. Ltd

Dominus Asset Management

DZ Bank AG

PT Bank Mandiri (Persero) Tbk

The firm: Established in 1980 by two Harvard graduates, Nono Anwar Makarim and Frank Taira Supit, Makarim & Taira S. is one of Indonesia’s oldest and most reputable independent full-service law firms, trusted by leading international and domestic clients to deliver applicable real world solutions. Its advice is based on 40 years of in-depth experience successfully navigating Indonesia’s complex and rapidly changing landscape. Makarim & Taira S. is an internationally recognised firm with an impressive range of household names on its client list.

Makarim & Taira S. is offering a full range of corporate, banking, litigation and specialist legal services to national and international clients. The firm’s longstanding reputation among policymakers, regulators, state-owned companies and world-leading industry groups provides unique insights into the latest government policies and industry knowledge. The firm guides clients through Indonesia’s complex and dynamic regulatory landscape so they can achieve their commercial goals.

Reflecting on the quality of its work, client relationships tend to be long lasting, even spanning decades, as it works in partnership to help clients shape their businesses in Indonesia. Moreover, the firm’s independent status enables it to work with other reputable parties that are qualified in their fields, including law firms from various jurisdictions.

Areas of practice: Long considered one of Indonesia’s leaders in corporate and banking/finance practices, the firm has recently been recognised for its work on high-profile infrastructure and power projects. Its employment expertise has also drawn accolades.

The firm’s areas of expertise also include aviation, banking and finance, capital markets, competition, construction, foreign investment and general corporate practice, franchise, hotel, resort and tourism, infrastructure and major projects, insolvency and restructuring, intellectual property, litigation and dispute resolution, media, IT and telecommunications, mergers and acquisitions, mining and energy, real estate, and transportation.

Its expertise is also sought by the Indonesian government, which has invited the firm to provide advice on a number of key legislative developments. As a result, it has unique insights into the evolution of Indonesia’s legal environment, enabling an ability to anticipate potential changes and act accordingly to protect and guide the interests of its clients.

With its long track record of successfully handling high-profile transactions, including a number of landmark cases, Makarim & Taira S. is a solid choice for both domestic and foreign clients looking for a trustworthy partner with in-depth expertise in Indonesia.

Department Name Email Telephone
Banking, finance and capital Markets Frederick Simanjuntak
Banking, finance and capital markets Maria Sagrado
Litigation and dispute resolution Rahayu Ningsih Hoed
Litigation and dispute resolution Lia Alizia
Competition Law Hilton King
Mergers and acquisitions Maria Sagrado
Mergers and acquisitions Frederick Simanjuntak
General corporate and legal investment Hilton King
General corporate and foreign investment Vincent Ariesta Lie
Corruption/corporate governance Lia Alizia
Intellectual property Lia Alizia
Media, IT and Telecommunications Heru Mardijarto
Real Estate Rahayu Ningsih Hoed
Real Estate Hilton King
Employment Hilton King
Employment Lia Alizia
Mining and energy Rahayu Ningsih Hoed
Mining and energy Vincent Ariesta Lie
Mining and energy Maria Sagrado
Construction Rahayu Ningsih Hoed
Construction Heru Mardijarto
Insolvency & Restructuring Lia Alizia
Transportation Frederick Simanjuntak
Photo Name Position Profile
Ms Lia Alizia  photo Ms Lia Alizia Lia, the Managing Partner at Makarim & Taira S., is a talented…
Mrs Rahayu Ningsih Hoed  photo Mrs Rahayu Ningsih Hoed Rahayu Ningsih Hoed  has been with Makarim&Taira S for more than 30…
Mr Hilton King  photo Mr Hilton King Hilton is one of Indonesia’s most experienced foreign legal consultants, and has…
Mr Vincent Ariesta Lie  photo Mr Vincent Ariesta Lie Vincent Lie is a Partner at Makarim & Taira S. who combines…
Mr Nono Anwar Makarim  photo Mr Nono Anwar Makarim Nono Anwar Makarim has led civic and political activities, and served as…
Mr Heru Mardijarto  photo Mr Heru Mardijarto Heru Mardijarto is a Partner in the Firm’s Corporate and Commercial department.…
Ms Maria H. Sagrado  photo Ms Maria H. Sagrado Maria Sagrado is a leading practitioner and a highly skilled negotiator with…
Mr Frederick Simanjuntak  photo Mr Frederick Simanjuntak Frederick is an innovative and result-driven corporate & finance lawyer with more…
Number of lawyers : 50
World Services Group
World Law Group
Britcham Indonesia

Legal knowledge, analytical skills and sound judgment, as well as having the right attitude are the mark of Makarim & Taira S. (M&T) lawyers. We have carefully and tirelessly worked to ensure that these characteristics and traits transcend everyone in the Firm, and to provide the highest levels of service to people who believe in us – not only to our clients, but also to our M&T lawyers.

We have always been proud to produce reputable lawyers with a oad and deep skill set that enable them to manage the complex and ever-changing landscape of the industries and practice areas they will be dealing with. At the Firm, we have been implementing an apprenticeship model – providing leaders that young associates can learn from, be their mentor, and also their adviser. From the time they commence their employment or training at the Firm, we ensure that an effective working environment and talent succession are in place:

Talent recruitment and management

M&T has consistently been one of top 5 most wanted employers in Indonesia for law students and graduates. Finding the right people for the Firm starts with three steps in our screening process: interview, written test, and psychological evaluation. Once these young lawyers or trainees are accepted, we take in the responsibility to develop their knowledge, skills and experience, as well as allow them to set their career and development goals.

Each associate in the Firm will have their own mentor who will be working with them as they deal with various transactions under different practice areas; they will also have an adviser who idges the communication between the associates and the Partners, and who the associates can talk to if they have grievances. Each of the mentors recognize differences in personalities, attitudes, and generation of associates (i.e., millennials and Gen-Z), so the training and mentoring process is also adjusted accordingly.

These young lawyers are given clear assignments and are made to understand what is expected of them – this will be the basis for periodic evaluations to measure their growth, development, and contribution to the Firm. We also instil a culture of collaboration, encourage them to take active roles in strategic planning and case management, and allow them to experience client servicing.

Work-life balance

Sharpening core competencies is vital – we aim to develop our lawyers’ essential skills of analysis, reasoning, and clear presentation of facts and legal arguments. However, we also recognize that happy lawyers are the most productive. At M&T, we provide and encourage our lawyers to participate in various extracurricular activities such as: futsal match, yoga class, recreational activities (e.g., watching movies together), outings, eaking fast gatherings, etc.

We have a eakout room and eastfeeding room in our office, and also carry out CSR activities (blood drives and orphanage visits). We also provide soft skills training in-house (effective communication, grooming, relationship building) to further distinguish our lawyers as top legal talents.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Excellent Jakarta-based law firm. Very responsive and collaborate in multi-jurisdictional teams very well.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Responsive, cost effective and good understanding of industry and regulatory issues.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Good teamwork.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: The firm is very responsive and very commercial. When we need a quick response for a client, Makarim & Taira S. are always happy to oblige.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Makarim & Taira S. has provided excellent, sufficiently detailed and timely advice on our projects.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Fast response and very strong advisory capability.

CLIENT: Confidential

COMPANY/FIRM: Confidential

TESTIMONIAL: Resourceful.

Lia Alizia, Managing Partner

The Managing Partner explains how the firm is differentiating itself from competitors and adapting to clients’ changing needs.

What do you see as the main points that differentiate Makarim& Taira S. from your competitors?

We provide trustworthy, timely, efficient, transparent and value-creating legal solutions and services for our clients, so that they can confidently achieve their business objectives. To do so, we believe that knowledge and expertise alone are not sufficient. As legal advisors, we also need to have wisdom, particularly local wisdom and customs that most of our foreign clients seek. Wisdom is something that is built up over time and our firm has 40 years experience building up the kind of wisdom that will help us provide the most effective and efficient solutions for our clients. Having wisdom also means that we value compassion and ethics and we care for our clients and their needs wholeheartedly and always have their best interests in mind.

To ensure the sustainalibity and consistent delivery of our services, we see our freshly recruited trainees as our future partners. Therefore, we prioritize developing and growing our lawyers through personalized mentoring programs that allow a transfer of knowledge, expertise as well as the firm’s culture from generation to generation with a clear career path. This means that our clients can rest assured that Makarim & Taira S. will continue to consist of highly competent lawyers, who have the wisdom of the past, grasp the knowledge of the present and seek to uncover the insights of the future.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Many changes have occurred in the past 8 months due to the pandemic, which have impacted various aspects of life and business in general. Certain regulations may be changed to accommodate this unprecedented experience such as those that require physical meetings or presence, electronic transactions etc. As the impact of this pandemic, we expect to see potential in litigation regarding disputes, employment and restructuring work. Also, we anticipate a flow of legal works in the form of new inbound investment, M&A and Project Financing deals and adjustments to the existing businesses in Indonesia due to the upcoming Job Creation Law or UU Cipta Kerja (Omnibus Law).

What’s the main change you’ve made in the firm that will benefit clients?

We are an organization that believes in integrating the wisdom of the past with the theoretical and practical knowledge of the present and future insights. Therefore, learning and continuous improvement are important parts of our firm’s culture. Moving forward, we would like to focus on sharing the knowledge, expertise and wisdom that we have developed over time with the law and business community as well as the public in general through thought leadership, journals, articles, seminars/webinars and other ways available, such as the M&T Learning Center.

Is technology changing the way you interact with your clients, and the services you can provide them?

We believe that the ability to adapt to external changes, particularly ones related to our clients’ needs and expectations, is very important to ensure our sustainability. The pandemic has also forced the changes to happen more rapidly and has actually transformed the way business is done in general. From virtual meetings, webinars, to the digitalization of documents, we expect to further see and incorporate limitless innovations in our services for our clients.

Can you give us a practical example of how you have helped a client to add value to their business?

We position ourselves not only as advisors, but also as partners of our clients. This means that we have their needs and best interests in mind at all times and we try to anticipate incoming challenges and identify opportunities for them ahead of time. We send regular updates on new regulations/policies that might impact their business and from time to time open for direct discussions with our clients on particular new legal issues. We also try to be flexible in delivering our services to adapt to their needs and this includes providing flexible ways of financing their legal needs.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Stability and strategic direction are crucial for clients, but over the past 40 years, we have proven that stability does not necessarily mean having the exact same people in the firm. When a firm has an effective development program for its lawyers, it allows it to ‘regenerate’ its expertise and services without comprimising the quality. Therefore, in three years’ time, we see ourselves as an independent leading Indonesian law firm that provides a wide range legal services with highly qualified lawyers who are not only knowledgeable and skilled in their areas, but also have the wisdom to help our clients deal with any challenges that may come their way and provide them trustworthy, timely, efficient, transparent and value-creating legal solutions and services, so that they can confidently achieve their business objectives.