Ms Maria H. Sagrado > Makarim & Taira S. > Jakarta, Indonesia > Lawyer Profile

Makarim & Taira S.

Work Department

Banking and Finance, Capital Markets, Foreign Investment & General Corporate Practice, Hotel, Resort and Tourism, Media, IT and Telecommunications, Mergers and Acquisitions, Mining and Energy


Maria Sagrado is a leading practitioner and a highly skilled negotiator with extensive high-level experience in structuring foreign investment and financial transactions. She represents the interests of numerous foreign clients investing in Indonesia, including companies and investors from China, USA, UK, Singapore, and European Union across various sectors, including power plants, pharmaceuticals, distribution, port-related activities, mining, and fintech.

Combining her European and Indonesian exposure, Maria’s well-rounded experience in relevant corporate and commercial practices enable her to comprehensively advise and guide foreign clients entering into local investments or transactions in Indonesia, with due consideration of the various aspects involved. 

Her ability to forge rapport between disparate parties and drive solutions is also showcased by her successful track record executing prominent finance transactions involving leading foreign banks, in particular banks from China, Germany, Malaysia and other European countries, as well as offshore export credit agencies in the financing of Indonesian borrowers including State Owned Enterprises (SOE), power plant, major mining related industries and manufacturing companies. 

Maria is a pioneer and among the few Indonesian lawyers who are active in fintech transactions and the Fintech Association in Indonesia. She was involved in the drafting of the first Financial Services Authority (Otoritas Jasa Keuangan) regulation on Fintech, i.e. Peer-to Peer lending in Indonesia that was issued in late 2016. She also published an article that discusses the country’s central bank’s regulatory sandbox initiative for fintech players as published in IFLR1000’s Fintech Special Focus 2018.


Administration, PT. Serg’s Product Indonesia, 1997-1999; Intern, Gani Djemat & Partners, Surabaya, 2000; Associate, Makarim & Taira S., 2000; Internship with Linklaters Allen & Gledhill, Singapore office, 2005; Senior Associate, Makarim & Taira S., Jakarta, 2008-2012; Partner, Makarim & Taira S., Jakarta, present.


Indonesian and English.


  • Member, The Indonesian Advocates Association (PERADI) since 2010
  • Member, The Indonesian Capital Markets Legal Consultants Association (HKHPM) since 2013
  • Code Ethic Member, FinTech Association (Aftech) since 2016


S.H. (cum laude predicate), Airlangga University, Surabaya, Indonesia, 2000; M.Kn, Pelita Harapan University, Jakarta, Indonesia, 2015;
LL.M, International Commercial and European Law, University of Sheffield, Sheffield, United Kingdom, 2005.

Lawyer Rankings

Indonesia > Projects and energy

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.

Indonesia > IT, Telecoms and Fintech

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.

Indonesia > Corporate and M&A

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.

Indonesia > Capital markets

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.

Indonesia > Banking and finance

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.