IABF Law Firm (IABF) > Jakarta, Indonesia > Firm Profile

IABF Law Firm (IABF)
INTILAND TOWER, 9TH FLOOR
JL. JENDERAL SUDIRMAN 32
JAKARTA PUSAT 10220
Indonesia

Indonesia > Banking and finance Tier 4

IABF Law Firm (IABF) has a broad client base that consists of asset managers, building societies, investment banks, national regulators and private equity firms. Key areas of work for the firm include acquisition finance, banking regulation and compliance, debt restructuring and insolvency, as well as project financing. Practice head Ivan Ferdiansyah Baely is recommended.

Practice head(s):

Ivan Ferdiansyah Baely

Other key lawyers:

Meidyna Budiarti

Testimonials

‘Good service, understands clients’ needs.’

‘IABF helped us in a RE project financing. Their knowledge of project finance, power sector regulation, and specific RE sector helped us to close the deal. ’

‘Ivan Baely – His banking and finance experience is impeccable and his negotiation skills really helped us.’

The team is familiar with rules and regulations, particularly in Indonesia where banking and finance is heavily regulated industry. The team shows in-depth expertise in this areas‘.

Key clients

PT Angkasa Pura II (Persero)

PT E2Pay Global Utama

Work highlights

  • Acting for PT Angkasa Pura II (Persero) on its debt restructuring with its creditors with the total value of IDR 11,500bn.

Indonesia > Dispute resolution Tier 1

IABF Law Firm (IABF) 's areas of expertise include representing clients in employment, contractual, insurance and competition-related disputes.

Indonesia > Labour and employment Tier 1

IABF Law Firm (IABF)'s client roster features start-up enterprises and leading domestic companies which the team advises on investigations, termination of employment, foreign worker status, and disputes.
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The firm: IABF Law Firm (IABF)’s focus is on building ongoing relationships with clients. One way in which it assists clients beyond standard legal services is by tapping into its strong network of both private and public sector contacts in Indonesia, in connecting clients with relevant business contacts, market intelligence and opportunities.

Our team is selected from a range of diverse career backgrounds, including multi-national corporations, national and international law firms, financial institutions, government bodies and university academia. This breadth of experience and sector knowledge contained within our team guarantees that we guide our clients to the best commercial business outcome available.

The firm’s clients range from individuals and start-up enterprises to leading business companies in Indonesia, including large national and multinational companies, state-owned enterprises, banks, financial institutions as well as international firms.

The firm’s vision is to be a leading business law firm in Indonesia, trusted and respected by clients for consistently delivering smart, practical legal services, and known for teamwork, professionalism and respect.

DepartmentNameEmailTelephone
Ivan F. Baelybaely@iab-net.com+62 21 5790 5090
Number of lawyers : 22
English
Indonesian (Bahasa Indonesia)
PERADI

CLIENT: NANO ARYONO
COMPANY/FIRM: Director of Corporate Strategy and Business Development at Airport Support Company Cardig International in Jakarta
TESTIMONIAL: “IABF has assisted me in several companies and projects since 2011. We are very satisfied with their work. Their legal and commercial knowledge and their problem-solving approach have assisted us in achieving the best commercial business outcome”


CLIENT: IWAN MURTY

COMPANY/FIRM: CEO of Research and Business (RB) Consulting in Jakarta
TESTIMONIAL: “IABF has been helpful in navigating any legal issues in contracting, along with the associated risks. Ivan Baely and his team always present clear options, with the pros and cons. At the end, if it is not fundamental, they will always respect my decisions and make sure that whatever decisions I make, I will still be protected legally.”


CLIENT: WIWEKO PROBOJAKTI
COMPANY/FIRM: Chief Financial Officer at the Government-Owned Enterprise Angkasa Pura II in Jakarta
TESTIMONIAL: “Ivan Ferdiansyah Baely, a partner at IABF, is one of the best choices for dealing with state entities. The company has been engaging in a professional relationship with IABF since May 2020. We are pleased with the deliverables, and the result was excellent, timely and in good quality”.


CLIENT: SRI BIMO BANGUNAGORO
COMPANY/FIRM: Legal Manager at the Indonesia Stock Exchange in Jakarta
TESTIMONIAL: “Baely is well versed in capital markets laws, and has been involved in many capital market-related transactions involving the stock exchange, including information and technology matters. IABF is widely known as a leading firm in the capital markets and information technology sectors, and hence it has sufficient resources to assist us in several projects”.


Diversity Commitment

At IABF Law Firm, we strongly believe our people are our greatest asset. We are committed to fostering an inclusive environment that attracts and retains the best possible lawyers.

Our team is selected from a range of diverse career backgrounds, including multi-national corporations, national and international law firms, financial institutions, government bodies and University academia. Furthermore, we strongly welcome and support the professional careers of attorneys from different experiences, culture and nationality. This breadth of experience and sector knowledge contained within our team guarantees that we guide our clients to the best commercial business outcome available.

Our diversity become a key part for us in providing best service to our client from different background and these individuals share a strong commitment to increase the firm capability and prepare us for a global marketplace. By appreciating and respecting diversity, we are elevated as a firm in whole and as practitioners individually.

Pro-bono and Community Service

IABF’s pro bono work is an important component of our commitment to diverse communities. We strive to assist those in need and to provide support for anyone that contribute to the quality of life in our communities.

Few examples of IABF pro-bono services:

  1. IABF Law Firm are being involved in assisting Indonesian Animal Welfare Organization to propose new regulations on the animal protection and welfare. Together with Animal Welfare Organization, we attended meetings with People’s Representative Council (Dewan Perwakilan Rakyat) of Republic Indonesia to carry out perfection of the regulations related to the animal welfare to ensure that animal rights in Indonesia is properly protected.
  2. Provide free legal aid and undertake public interest litigation and advocacy activities to ensure that opportunities for securing justice are not denied to any person for any reason.

Full project details

Comparative research on laws governing disability discrimination in employment and judicial and civil services appointments for non-profit improving access to justice for poor and marginalised people

Describe project or issue for which you are requesting legal assistance:

Bangladesh Legal Aid and Services Trust (BLAST) is the largest specialized non-governmental legal services organization in Bangladesh, supporting the poor and marginalised to access formal and informal justice systems.


IABF Law Firm (“IABF”) is a leading firm in Indonesia, with a great spirit of teamwork and collegiality. Our focus is on building on-going relationships with our clients. One way in which we assist our clients beyond standard legal services, is by tapping into our strong network of both private and public-sector contacts in Indonesia, in connecting clients with relevant business contacts, market intelligence and opportunities.

Our team is selected from a range of diverse career backgrounds, including multi-national corporations, national and international law firms, financial institutions, government bodies and university academia. This breadth of experience and sector knowledge contained within our team guarantees that we guide our clients to the best commercial business outcome available.

We can work together with local and foreign clients for local as well as global transaction and we can assist in simplifying the complexity when we execute transactions. We represent corporate entities, financial institutions, state-owned companies, individual at all stages of transactions, from origination, negotiation and documentation until completion.

Our key strengths in providing our legal service is the following sectors:

  • Mergers & Acquisitions
  • Foreign Investment
  • Banking and Finance

To enable us expanding our service range to reach global market and develop our client-base, we become a member of IBA (International Bar Association). IABF has also formed a strategic alliance with global business law firm, Bryan Cave Leighton Paisner LLP. (“BCLP”). Our team works closely with BCLP to service its clients’ local legal interests in Indonesia, where international firms are not currently permitted to operate.  This cooperation also provides a platform for clients of IABF to benefit from the expansive full-service BCLP network, should they require legal support beyond Indonesia.

Few examples of our services in assisting national and international clients are as follows:

  1. Representing PT Megasetia Agung Kimia, a leading distributor for specialty ingredients for the pharmaceuticals industry in Indonesia, in relation to propose 100% divestment to PT IMCD Indonesia, subsidiary of IMCD NV, a global leading distributor of speciality chemicals and ingredients. The transaction will take place in two tranches, with IMCD Indonesia acquiring 70% of Megasetia’s share capital in 2021, and the remaining 30% is expected to be completed in 2025.
  2. The firm appointed by the Chris Burden Estate (the “Estate”) to represent Nancy J. Rubins, the wife of the late Chris Burden (an American artist), in filing a copyright lawsuit against a Bandung theme park called “Rabbit Town” and its owner. The Estate claimed that an installation named “Love Light” displayed at Rabbit Town is infringing Chris Burden’s right as it is very similar to Burden’s artwork “Urban Light” which was installed in Los Angeles County Museum of Art (LACMA) since 2008. The Panel of Judges read the verdict No. 31/Pdt.Sus-Hak Cipta/2020/PN.Niaga.Jkt.Pst, among others, (i) declare the Defendants has committed a copyright infringement; (ii) Defendants to tay 1 billion IDR compensation to the Plaintiff; and (iii) announce public apology to the Plaintiff.
  3. Assisting an investor from China for its acquisition plan on Aman group resorts in Indonesia (resorts located in Kuta Bali, Karangasem Bali, Borobudur Magelang Central Java and Moyo Island).
  4. Assisting PT XL Axiata, Tbk, in preparing, negotiating, obtaining signature, and other necessary consent from approximately 580 building/sites owners for novation and/or bifurcation agreement in relation to the sale and lease back of approximately 580 picocells owned by PT XL Axiata, Tbk to the buyers.
  5. Representing and assisting Chailease International Financial Services Co., Ltd. as a lender for the Secured Term Loan Facility granted to PT Bahtera Pasific Line (the “Borrower”) in an amount of up to USD 7,000,000 secured with: (I) Indonesian law mortgage over vessel owned by PT Tanker Armada Nusantara as a corporate guarantor to the Borrower (“Vessel”); (ii) Fiduciary security of Receivables over the Vessel; and (iii) Fiduciary security over the Vessel.
  6. Representing PT E2PAY Global Utama, an Indonesian fin-tech company (e-money, payment gateway), in relation to the subscription of new shares by investors in PT E2PAY Global Utama, including a cross-border transaction with Shanghai JFpal Information Technology Co. Ltd (“JIFU”).
  7. Representing PT KGI Sekuritas Indonesia in relation with the purchase of shares in the negotiation market in the Indonesian Stock Exchange in PT Bank IBK Indonesia, Tbk. (divestment) with the transaction amount of 573.870.000.
  8. Representing and assisting PT Mediator Komunitas Indonesia (Crowdo Indonesia), an Indonesian fin-tech company (peer to peer lending) registered at the Financial Services Authority (OJK), in relation with shares transfer and financing transaction.

With our strong track record of completing high profile and major domestic and cross-border transactions, our capability has been acknowledged by international legal market. The following are our nomination and award that have been received by IABF:

  • Asia Law Profiles Notable 2022
  • ALB Finalist ILA Law Awards 2021
  • Asia Business Law Journal  Award winning law firm 2021
  • Legal 500 Asia Pacific Top Tier 2021
  • The A List Asia Business Law Journal Top 100 Lawyers 2021
  • ALB Finalist Indonesia Law Award 2018
  • ProBono Champion Winner 2018
  • ALB Badge 2019 Indonesia Firms to Watch
  • ALB Finalist Indonesia Law Award 2019
  • Top 100 Indonesian Law Firms
  • Top 30 Indonesian Law firms

Banking and financeIABF Law Firm was representing PT Angkasa Pura II (Persero), the state-owned company which operates airports in Indonesia, including the Soekarno-Hatta International Airport, in relation to (i) debt restructuring with its creditors with the total value of IDR11.500.000.000.000 or equal to USD791,739,350; and (ii) new loan facilities provided by State-Owned Banks with total value of IDR 3.500.000.000.000 or equal to USD240,964,150.

PT Angkasa Pura II (Persero) as the debtor required to restructure its debt to its existing creditors, i.e:

  1. PT Bank Negara Indonesia (Persero) Tbk
  2. PT Bank Maybank Indonesia Tbk
  3. PT Bank Mandiri (Persero) Tbk
  4. PT Bank Tabungan Negara (Persero) Tbk
  5. PT Bank Rakyat Indonesia (Persero) Tbk.
  6. PT Sarana Multi Infrastruktur (Persero)
  7. Lembaga Pembiayaan Ekspor Indonesia/Indonesia Eximbank
  8. PT Indonesia Infrastruktur Finance

Further, PT Angkasa Pura II (Persero) also obtained new loan facilities from the State-Owned Banks as follows:

  1. PT Bank Negara Indonesia (Persero) Tbk
  2. PT Bank Mandiri (Persero) Tbk
  3. PT Bank Tabungan Negara (Persero) Tbk
  4. PT Bank Rakyat Indonesia (Persero) Tbk.

IABF Law Firm role in this transaction including proving the legal feasibility study on the restructuring scheme based on law’s perspective, drafting or reviewing the loan agreements as well as assisting the client to negotiate with the creditors and assisting the client until the whole transaction is completed.

 

LitigationThe firm appointed by the Chris Burden Estate (the “Estate”) to represent Nancy J. Rubins, the wife of the late Chris Burden (an American artist), in filing a copyright lawsuit against a Bandung theme park called “Rabbit Town” and its owner. The Estate claimed that an installation named “Love Light” displayed at Rabbit Town is infringing Chris Burden’s right as it is very similar to Burden’s artwork “Urban Light” which was installed in Los Angeles County Museum of Art (LACMA) since 2008.

The Plaintiff is supported by expert testimony from Miranda Risang Ayu, S.H., LL.M., Ph.D. which said that there must be at least two criteria to determine plagiarism in copyright: similarity and originality.

The defendant failed to prove that Love Light was independently created without taking inspiration from Urban Light, since the Plaintiff has managed to prove that the Defendant has access to the artwork by visiting Urban Light at LACMA. The Plaintiff also managed to prove the similarity in substantial part between Urban Light and Love Light. Considering the above, the Court found that the Defendants has violated Chris Burden’s copyright by copying and modifying it into Love Light, without permission from the Plaintiff and without mentioning the source of inspiration.

The Panel of Judges read the verdict No. 31/Pdt.Sus-Hak Cipta/2020/PN.Niaga.Jkt.Pst, as follows:

  1. Declare the Defendants has committed a copyright infringement;
  2. Take out the Love Light installation within 30 days after the decision become final and binding;
  3. Take out every merchandise, pictures, goods, related to Love Light;
  4. Pay 1 billion IDR compensation to the Plaintiff;
  5. Announce public apology to the Plaintiff in 3 (three) local newspaper and social media.

http://sipp.pn-jakartapusat.go.id/index.php/detil_perkara

The Presiding Judges later said that this case should be an example for all Indonesian’s artists not to copy other’s works even if they are from abroad. Appeal in Supreme Court is still ongoing.

Matter Value: Matter value: IDR1 billion or equal to USD68,729.