Antitrust and competition in Indonesia

ABNR Counsellors at Law

ABNR Counsellors at Law is regularly called upon by leading multinationals across a broad spectrum of sectors for post-merger notification requirements. Outside of this work, the firm also handles filings and investigations related to antitrust violations, compliance guidance, and  business structuring to avoid anti-competitive practices. Gustaaf Reerink jointly leads the group alongside Chandrawati Dewi, who has an extensive foreign-to-foreign deal sheet and routinely provides in-house compliance training to clients. Agus Ahadi Deradjat is a port of call to corporates active in the TMT sector, and is noted for his merger control and investigations work. Bilal Anwari is a key figure in the practice for contentious matters.

Responsables de la pratique:

Chandrawati Dewi; Gustaaf Reerink


Autres avocats clés:

Agus Ahadi Deradjat; Bilal Anwari


Principaux clients

Government of Singapore Investment Corporation Private Limited


Mitsui & Co., Ltd.


Nomura Holdings, Inc.


JUKI Corporation


EVE Asia Co., Ltd.


SK On Co., Ltd.


DSM-Firmenich AG


PT Dayamitra Telekomunikasi Tbk


Walsin Lihwa Corporation


Mando Corporation, a subsidiary of Halla Holdings Corporation


LX International Corp.


Altor Fund V and SMS Group


Principaux dossiers


  • Assisted Malaysian private hospital chain CAHSB in submitting a mandatory merger notification to the KPPU for their USD 1.2-billion acquisition of Ramsay Sime Darby Health Care Sdn. Bhd. group, which includes its businesses and hospitals in Malaysia, Hong Kong, Australia, and Indonesia.
  • Assisted POSCO Holdings Inc., a Korea-based steel company, in submitting a merger notification to the KPPU regarding their acquisition of a 49% interest in shares in PT Nicole Metal Industry.
  • Assisted Mitratel in submitting a notification of asset acquisition to the KPPU in relation to the acquisition of 997 cellular telecommunications towers from PT Indosat Tbk.

Assegaf Hamzah & Partners

A team lauded as ‘technically very sound‘, ‘knowledgeable’, and offering ‘excellent judgement’, Assegaf Hamzah & Partners serves a host of clients on contentious and non-contentious matters, including post-merger notifications, antitrust reviews and KKPU investigations and appeals. Beyond his experience acting in cartel cases and investigations, team head HMBC Rikrik Rizkiyana is well equipped to advise on significant merger clearances and competition compliance. Co-head Farid Nasution ‘provides first class deliverables on par with any first-tier international firms’, while Asep Ridwan and Vovo Iswanto are noted for the breadth of their litigation work. Albert Boy Situmorang, promoted to partner in April 2023, also comes recommended.

Responsables de la pratique:

HMBC Rikrik Rizkiyana; Farid Nasution


Autres avocats clés:

Asep Ridwan; Albert Boy Situmorang; Vovo Iswanto


Les références

‘Their antitrust team is technically very sound and stands out amongst the other Indonesian law firms.’

‘Farid Nasution is responsive and provides first class deliverables on par with any first-tier international firms.’

‘They have an excellent competition team – very knowledgeable. They also have excellent judgment and are very responsive.’

Principaux clients

Aramco Valvoline Global Holding Corp. (“Aramco”)


Abu Dhabi National Energy Company – P.J.S.C (“TAQA”)


IMEA Fitzroy Pty Ltd (“IMEA”)


PT Sentana Adidaya Pratama (Wilmar Group)


Indonesia Financial Group (“IFG”) (PT Bahana Pembinaan Usaha Indonesia)


GoTo Group


Zhejiang Huayou Cobalt Co., Ltd. (“Huayou”)


Salic International Investment Company (“SIIC”)


Albion Acquisitions Ltd.


PT Bank Rakyat Indonesia (Persero) Tbk


Aramco Valvoline Global Holding Corp


Hyundai Department Store Co., Ltd.


Reliance New Energy Solar Limited


ASP Blade Holdings, Inc.


PT FinAccel Teknologi Indonesia


PT Merdeka Copper Gold Tbk


PT Dompet Karya Anak Bangsa


SIG Combibloc Group AG


A. P. Moller – Maersk


Axiata Group Berhad


Cummins Inc.


ESR Cayman Limited


Principaux dossiers


  • Assisted Salic International Investment Company in the KPPU Notification regarding the acquisition of shares in Olam Agri Holdings Pte. Ltd by Salic International Investment Company.
  • Assisted and represented Aramco in submitting the notification of the acquisition transaction to the Indonesia Competition Commission.
  • Assisted GoTo and Tokopedia for the notification of the purchase of the assets of TikTok by Tokopedia valued at USD340 million, which is part of a transaction series in such strategic partnership.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills remains active on behalf of multinationals and investment firms seeking advice in connection with post-merger notification filings, antitrust compliance, allegations and investigations, and in-house training. Helming the team is Sakurayuki, whose practice largely concentrates on the merger control aspects of acquisitions and is well placed to counsel on deals in the telecoms, infrastructure and hospitality industries. Co-head Randitya Adiguna, who has a similarly focused practice, has been a highly active supporting presence across a range of mandates.

Responsables de la pratique:

Sakurayuki; Randitya Adiguna


Les références

‘Sufficient experience and knowledge of merger filing in Indonesia. Global level service. The best Indonesian firm for merger filings in Indonesia.’

Principaux clients

JX Nippon Oil & Gas


Nippon Steel Corporation


SK Ecoplant


Indonesia Investment Authority


XL Axiata


Synthomer


Generali


Ant Group


Vitol


Warburg Pincus


Principaux dossiers


  • Advised JX Nippon Oil and Gas Exploration Corporation, a subsidiary of ENEOS Holdings, Inc, on its merger filing in relation to the acquisition of all of the shares in Japan Drilling Co Ltd.
  • Advised the Indonesia Investment Authority, Indonesia’s sovereign wealth fund, on submitting its merger control notification to the Indonesian Competition Commission in relation to its first investment in the toll road sector.
  • Assisted SK Ecoplant in its merger filing in relation to the acquisition of 100% of the shares in Eco Frontier Pte. Ltd, a sustainable technology services company.

Ginting & Reksodiputro in association with A&O Shearman

Featuring ‘experienced competition lawyers and ex-KPPU officers that are able to provide practical and actionable guidance’, Ginting & Reksodiputro in association with A&O Shearman possesses a client roster that includes both continental and global corporations across the financial services, infrastructure, and healthcare sectors, amongst others. A significant portion of the firm’s work has a cross-border element, involving regular collaboration with colleagues in Singapore and Sydney. Harun Reksodiputro leads the practice and acts on both contentious and non-contentious mandates, notably merger control filings and and KPPU investigations. Sam Samid has a varied book of work that includes antitrust filings, KPPU reporting, and compliance training.

Responsables de la pratique:

Harun Reksodiputro


Autres avocats clés:

Sam Samid


Les références

‘G&R in association with A&O Shearman has experienced competition lawyers and ex-KPPU officers that are able to provide practical and actionable guidance.’


Principaux clients

PT Indosat Tbk


WeLab Sky Limited


Bank of Ayudhya PCL


Indonesia Investment Authority


Abu Dhabi Ports Authority Group


Principaux dossiers


  • Advised PT Indosat Tbk on antitrust aspects in relation to its USD6bn merger with PT Hutchison 3 Indonesia to create a new world-class telecommunications company in Indonesia.
  • Advised Indonesia Investment Authority on antitrust aspects in relation to its investment with APG and ADIA in two sections of the Trans-Java Toll Road network.
  • Advised Maersk on its post-merger notification to the KPPU in relation to its USD3.6bn acquisition of LF Logistics.

Hadiputranto, Hadinoto & Partners

Praised for its ability to ‘advise multinational corporations through difficult competition legal issues’, Hadiputranto, Hadinoto & Partners handles a mix of contentious and non-contentious instructions for clients, including merging filings, responding to KPPU investigations and dawn raids, and conducting legal reviews of business operations. Mita Djajadiredja leads the team and focuses on M&A in the TMT sector. Co-head Dyah Paramita has a strong track record in regulatory proceedings and defences before the KPPU as well as merger control filings and in-house compliance training. Mochamad Fachri  left the firm in 2024.

Responsables de la pratique:

Mita Djajadiredja; Dyah Paramita


Les références

‘Dyah Paramita has extensive experience in the antitrust field. We strongly believe that with her track record, this will greatly assist our clients.’

‘Baker/HHP is one of our go-to law firms in Indonesia for competition legal issues. They are able to advise multinational corporations through difficult competition legal issues. They are able to clearly communicate the risks and mitigations necessary to tackle such risks.’

‘This law firm stands out for its personalised service, deep expertise, and a highly skilled team that consistently delivers exceptional results.’

Principaux clients

APF


PT Bridgestone Tire Indonesia


BYD


Toyofuji Shipping Co. Ltd


Hanwha Group


UBS AG


PT Indosat Tbk


PT Mitsui Chemicals Polyurethanes Indonesia


PT Samsung Electronics Indonesia


CK Hutchison Holdings Ltd.


Paccor International Holdings S.à.r.l.


PT Bank Syariah Indonesia Tbk


PT Semen Indonesia Tbk


PT Solusi Bangun Indonesia, Tbk


PT XL Axiata Tbk


Sanden Corporation (Sanden)


Principaux dossiers


  • Provided comprehensive training for PT Bridgestone Tire Indonesia on antitrust compliance in their distribution channel in Indonesia, including aspects related to trade associations meeting(s), managing risks of hub-and-spoke cartels, and workshop on hypothetical cases.

SSEK Law Firm

SSEK Law Firm’s ‘robust understanding of both local and international antitrust laws’ ensures it is routinely sought out by both multinationals and public bodies for legal advice. The team adeptly handles merger filings, compliance and regulatory reviews, and civil and criminal antitrust litigation cases. Group lead Stephen Igor Warokka is praised for his ‘excellent knowledge of the Indonesian competition laws’ and is active across the full spectrum of practice mandates. Michael S Carl and Juven Renaldi chiefly focus on merger filings. Ira Eddymurthy is ‘particularly noteworthy for her extensive experience in high-profile mergers and acquisitions’.

Responsables de la pratique:

Stephen Igor Warokka


Autres avocats clés:

Michael S Carl; Juven Renaldi; Ira Eddymurthy


Les références

‘Potential clients would be impressed by the team’s robust understanding of both local and international antitrust laws, which allows them to provide comprehensive advice and representation. The team’s strengths lie in their ability to handle high-stakes mergers and acquisitions. The team comprises highly skilled attorneys with extensive experience in navigating complex antitrust issues across various industries.’

‘Ira Eddymurthy is particularly noteworthy for her extensive experience in high-profile mergers and acquisitions.’

‘Sophisticated expertise in Indonesian merger review processes.’

Principaux clients

General Electric


Reckitt Benckiser


Mead Johnson Nutrition


GlaxoSmithKline


Procter & Gamble


DKSH Thailand


Siam Cement


Principaux dossiers


  • Acted as Indonesia counsel to assist Dufry with the preparation of a merger filing to the Indonesian Competition Commission in connection with a combination with Autogrill.
  • Assisted the Indonesian subsidiary of a global corporation with an investigation in connection with the availability of certain products in the Indonesian market.

TNB & Partners in association with Norton Rose Fulbright

TNB & Partners in association with Norton Rose Fulbright advises on competition law, merger control and foreign direct investment of multi-billion dollar cross-border transactions, often working closely with its counterparts in Hong Kong. The firm also possesses an extensive compliance offering and has a deep understanding of regulations within Indonesia and overseas. Team lead and office managing partner Kresna Panggabean, whose practice straddles both contentious and non-contentious mandates, acts for clients across a multitude of sectors and has a strong understanding of the regulatory landscape. Jeremiah Purba has been a key supporting presence on a number of client instructions.

Responsables de la pratique:

Kresna Panggabean


Autres avocats clés:

Jeremiah Purba


Principaux clients

Brenntag


Cathay Pacific


Delta Air Lines


ENEOS


Ferrero


INPEX


JERA


Michelin


Mitsubishi Motors


Nissan


Roquette Freres


Schlumberger Group


TotalEnergies


Vinda


Principaux dossiers


  • Advising Roquette Frères in relation to the global competition law, merger control and foreign direct investment review requirements, including in respect of Indonesian and other Asian countries, in the context of Roquette Frères’ proposed acquisition of the Pharma Solutions business unit of International Flavors & Fragrances Inc.
  • Advised Vinda on the merger control aspects of its takeover by direct competitor and Indonesian owned RGE.
  • Advising SLB on the relevant anti-trust filing obligations in relation to the recent acquisition of Gyrodata Incorporated by SLB.

Walalangi & Partners in association with Nishimura & Asahi

Working with a global portfolio of clients spanning the tech, trading, financial services, automotive and aviation industries, Walalangi & Partners in association with Nishimura & Asahi’s comprehensive antitrust and competition offering encompasses merger report filings, compliance and advisory work, and operational transfer reviews. Team head Miriam Andreta advises on antitrust issues and merger notification processes. Luky I. Walalangi is a key adviser to clients such as Mitsubishi and Mitsui & Co, and has a strong track record on cross-border merger reports. Putri Bening Larasati also comes recommended.

Responsables de la pratique:

Miriam Andreta


Autres avocats clés:

Luky I. Walalangi; Putri Bening Larasati


Principaux clients

Accura Law Firm


AEL Indonesia


Airbus


Aramis Societe d’Avocats


Bank of Ayudhya Thailand


Berlian Sistem Informasi, PT


Buana Gemah Ripah


Casio Co., Ltd.


Daiwa


DeClout


Dharma Tatemono Property, PT


Dharma Tatemono Residences, PT


Dhost Telekomunikasi Nusantara


Diamond Development Indonesia, PT


Digital Payments Holdings, Pe., Ltd.


Electrolux Indonesia, PT


Essex Bio – Technology Limited


GCP Applied Technologies Indonesia, PT


Google Inc.


Google Indonesia


GS Yuasa Corporation


Hankyu Hanshin Properties Corp.


Haseko Corporation


Hino Motors


Hitachi Transport System, Ltd.


Home Credit Indonesia


Idemitsu Corporation


Idemitsu Kosan, Co., Ltd.


Idemitsu Lube Indonesia, PT


Idemitsu Lube Techno Indonesia, PT


Inabata Indonesia


Indonesia Investment Authority


Indonesian Defence and Security Technologies, PT


Indonesia Steel Tube Works, PT


INPEX


Iron Mountain Inc.


Itochu Corporation


Itochu Indonesia, PT


Itochu Singapore, Pte., Ltd.


Japan Asia Medical Investment Corporation


KDDI Corporation


Kerry Ingredients Indonesia


Krakatau Osaka Steel


Krama Yudha Ratu Motor, PT


Krama Yudha Tiga Berlian Motor


Kobelco Group


LAPI Laboratories, PT


Limes Renewable Energy S.R.L


Lian Lian Global


LIN


Lotte Co., Ltd.


Marubeni Corporation


MDI Ventures


Mercedez Benz AG


Metal One Corporation


Metra Digital Inovasi (MDI) Venture


Mitsubishi Corporation


Mitsubishi Corporation Life Science Limited


Mitsubishi Corporation LT., Inc.


Mitsubishi Corporation Trading Indonesia, PT


Mitsubishi Corporation Urban Development Indonesia, PT


Mitsubishi UFJ Lease & Finance


Mitsui & Co., Ltd.


Mitsui & Co Global Logistics, Ltd.


Mitsui Energy Trading Singapore


Mitsui Indonesia, PT


Mizuho Bank, Ltd.


Mobilitas Digital Indonesia, PT


MUFG Bank


NAP Info Lintas Nusa, PT


Nippon Steel Corporation


Orient Corp.


Osaka Steel Corporation


Otsuka Holdings Co., Ltd.


OY! Indonesia


Penske Truck Leasing


Properti Solusi Manajemen


Realfood Karya Indonesia, PT.


Resona Bank, Japan


Resona Indonesia Finance, PT


Roblox


Saint-Gobain Indonesia subsidiaries


Saison Modern Finance, PT


Sinar Mas Digital Ventures (SMDV)


SMBC Nikko Securities Inc.


Squire Patton Boggs Singapore LLP


Sustainable Battery Holdings, Co., Ltd.


Terraformation Inc.


TIS Inc.


Tokyo Gas Corporation


Tokyo Tatemono


Toyota Tsusho Corporation


Toyota Tsusho Indonesia


TREC, PT


TTLR, PT


United Steel Center Indonesia (USC)


Yamaha Motor, Co., Ltd.


Yamaha Music Indonesia, PT


Principaux dossiers


  • Legal counsel to Mitsubishi Corporation and PT MC Urban Development Indonesia in their post-merger analysis and report to KPPU on collective investment with the Indonesian Investment Authority and the ESR Group developing state-of-the-art logistic assets.
  • Legal counsel to Mitsui & Co., Ltd, one of the largest trading and investment companies in the world and FP Corporation, on their Indonesian related matter to the acquisition of Lee Soon Seng Plastic Industries Sdn. Bhd.

Makarim & Taira S.

Makarim & Taira S. handles a variety of instructions from clients, including merger filings, compliance and regulatory reviews, internal training, and responses to investigations of alleged misconducted misconduct. Budhy Apriastuti Evita supports on both merger filings and antitrust counsel mandates, while Made Susanti is a further port of call for investigations and litigation cases. Lia Alizia left the firm in October 2024.

Autres avocats clés:

Budhy Apriastuti Evita; Made Susanti


Principaux clients

PT Sumitomo Forestry Indonesia


Soemadipradja & Taher

Representing clients on a range of domestic and cross-border transactions, Soemadipradja & Taher is adept at handling post-merger notification filings for a range of multinationals, as well as advising on potential competition and antitrust violations. The firm also assists with KPPU investigations and proceedings. Spearheading the practice is Verry Iskander, who leverages previous in-house experience at the KPPU to comprehensively advise clients across a range of competition and antitrust matters. Valerie Allen Ghazian Soekarno also comes recommended.

Responsables de la pratique:

Verry Iskandar


Autres avocats clés:

Valerie Allen Ghazian Soekarno


Principaux clients

PT Astra Digital Mobil


PT Sarihusada Generasi Mahardhika


Hengtong Optic-Electric International Co. Ltd.


CapitaLand Ascott REIT


PT Astra Honda Motor


The World Bank Group


The World Bank Group


PT Vuclip Digital Indonesia


Ocean Network Express Holdings Ltd.


Principaux dossiers


  • Acted for a leading motorcycle company in connection with an investigation conducted by the Indonesia Competition Commission (KPPU) related to alleged unfair business practices in motorcycle sales.
  • Assisted PT Astra Digital Mobil (ADMO), a part of PT Astra International, Tbk, in complying with applicable regulations following the acquisition of shares in PT Tokobagus (OLX Indonesia).
  • Assisted Hengtong Optic-Electric International Co., Ltd (Hengtong) in submitting a takeover (merger) notification to the Indonesia Competition Commission (KPPU).