Next Generation Partners

Banking and finance in Indonesia

ABNR Counsellors at Law

ABNR Counsellors at Law houses a banking and finance team that is renowned for its expertise in both traditional and sharia-compliant mandates. The team, which is led by Emir Nurmansyah, represents banks and financial institutions across a multitude of jurisdictions. Nurmansyah is noted for his capabilities in syndicated loan financing and broader regulatory compliance matters. Financing specialist Ayik Candrawulan Gunadi's recent highlights include the transactional aspects of a major railway project. Ammalia Putri excels in obligor accession matters, while Monic Devina brings a wealth of expertise in licensing, which she often leverages to advise major e-banking providers. Maher Sasongko is well positioned to handle loan channelling agreements.

Responsables de la pratique:

Emir Nurmansyah


Autres avocats clés:

Ayik Candrawulan Gunadi; Ammalia Putri; Monic Devina; Serafina Muryanti


Principaux clients

PT Kereta Api Indonesia


Bank Sharia Indonesia


PT Bank KB Bukopin Tbk PT Asco Investindo


Hanwha Life


PT Bank Tabungan Negara


Principaux dossiers


  • Assisting PT Kereta Api Indonesia as the borrower in obtaining an IDR 4 trillion syndicated loan facility from PT Bank Negara Indonesia.
  • Acted for Bank Sharia Indonesia in respect of its long-term strategic bancassurance partnership with PT Prudential Sharia Life Assurance.
  • Advised PT Bank KB Bukopin Tbk on the provision of USD 30,526,350 financing to PT SK Plasma Corea Indonesia.

Ginting & Reksodiputro in association with A&O Shearman

The debt finance team at Ginting & Reksodiputro in association with A&O Shearman offers a wealth of transactional and banking expertise to state owned enterprises and domestic financial institutions. The department is jointly spearheaded by Daniel Ginting and Tarsis Halintar, who both showcase a proven track record in financing mandates, including syndicated facilities and unsecured loans. Ginting is well reputed for of his expertise in banking matters involving government authorities. Halintar is equipped to advise clients on multi currency loan facilities and is especially active on the lender side. Sofie Chandra is a name to note regarding aquisition financing, with particular activity in the telecommunications and healthcare sectors.

Responsables de la pratique:

Daniel Ginting; Tarsis Halintar


Autres avocats clés:

Sofie Chandra


Principaux clients

PT Bank Mandiri


PT Bank Central Asia Tbk


PT Bank Negara Indonesia


DBS Bank Ltd


PT Bank SMBC Indonesia Tbk


PT Bank Permata Tbk


PT Bank KB Bukopin Tbk


Lembaga Pembiayaan Ekspor Indonesia


Principaux dossiers


  • Advised ADM Capital Asia Climate-smart Landscapes Fund on its impact financing to PT Bening Big Tree Farms.
  • Advised PT Bank Central Asia Tbk and PT Sarana Multi Infrastruktur as mandated lead arrangers and bookrunners on an IDR 10 trillion syndicated loan to PT Smartfren Telecom Tbk and PT Smart Telecom.
  • Advised the mandated lead arrangers, bookrunners, and underwriters in relation to an up to USD1.5 bn senior unsecured term loan and revolving credit facility to be made available to PT Mineral Industri Indonesia.

HHP Law Firm

HHP Law Firm has a well known finance and projects practice which offers a wealth of support to clients in the transportation, manufacturing and energy sectors. Erwandi Hendarta is renowned for her Islamic finance expertise, having frequently advised both public and private sector clients on sukuk issuances and sharia business expansions. Hendarta leads the team alongside Indri Guritno, who is prepared to assist with two tier financing structures, loan facility agreements and joint ventures. Mahardikha Sardjana is a key name, working alongside both international and domestic banking institutions. Sardjana excels in portfolio management mandates. Muhamad Ibnu Sofyan adds further depth to the practice.

Responsables de la pratique:

Erwandi Hendarta; Indri Guritno


Autres avocats clés:

Muhammad Ibnu Sofyan; Mahardikha Sardjana


Principaux clients

Affinity Equity Partners


PT Bank CIMB Niaga Tbk


PT Bank Central Asia Tbk


PT Bank Rakyat Indonesia


PT Bank SMBC Indonesia Tbk


PT Pertamina International Shipping


PT Sarana Multi Infrastruktur


Sumitomo Mitsui Banking Corporation


The Republic of Indonesia through Perusahaan Penerbit SBSN Indonesia III


Principaux dossiers


  • Acting as the lead and Indonesian counsel of the lenders for financing the acquisition of the shares in PT Jasamarga Transjawa Tol by PT Metro Pacific Tollways Indonesia Services.
  • Assisting the Ministry of Finance of the Republic of Indonesia and PPSI-III in the issuance of USD 2.75 billion international Shari’a wakala sovereign sukuk in foreign currencies for the purpose of funding 2025 state budget.
  • Advising and assisting PT Bank CIMB Niaga Tbk in the spin-off of its sharia business unit to a newly established bank.

Oentoeng Suria & Partners in association with Ashurst

The banking and finance team at Oentoeng Suria & Partners in association with Ashurst is recognised for its strength in Indonesia’s loan syndication market, as well as financing mandates in the energy and infrastructure sectors. Rizaldy Tauhid leads the team and is reputed for his depth of expertise in the financing of major manufacturing projects both in Indonesia and across South East Asia. Frédéric Draps is an energy specialist who advises lenders, borrowers and public authorities on an array of matters ranging from bankability reviews to legal due dilligence. Chandra Setyabrata is also a key member of the team.

Responsables de la pratique:

Rizaldy Tauhid


Autres avocats clés:

Frederic Draps; Chandra Setyabrata


Les références

‘The team has a lot of experience in the loan syndication market in Indonesia. They are able to accommodate quick turnaround requests, are always easy to approach and reach out to.’

‘They are able to help lenders negotiate with borrowers, and in general easy and pleasant to work with.’

Principaux clients

China Development Bank


China Construction Bank


Bank of China


PT Bank Negara Indonesia


DBS Bank Ltd


PT Bank Mandiri


PT Bank Central Asia Tbk


PT Bank Rakyat Indonesia


PT Bank BTPN Tbk


Indonesia Eximbank


PT Pertamina Hulu Energi


Bank of East Asia


SMBC Singapore Branch


PT Halmahera Jaya Feronikel


PT Sarana Multi Infrastruktur


PT Indonesia Infrastructure Finance


PT Krakatau Steel


Principaux dossiers


Widyawan & Partners

Widyawan & Partners stands out for its multi jurisdictional strength, broad sector focus and proficiency in an array of banking and financing cases. The team is highly sought after by clients in the mining, insurance and aviation sectors. Supervising the team, Adrian Pranata‘s experience covers anything from revolving term facilities and advising on denominated financing arrangements to constructing debt pushdown structures and assisting with regulatory requirements. Fellow co-chair David Holme is considered a go to contact for several market leading international banks. Putri Meisita Kusuma and First Deddy Ariyanto both bring additional strength to the group.

Responsables de la pratique:

Adrian Pranata; David Holme


Autres avocats clés:

Putri Meisita Kusuma; First Deddy Ariyanto


Principaux clients

United Overseas Bank Limited


Principaux dossiers


Assegaf Hamzah & Partners

Assegaf Hamzah & Partners is particularly well known for its advice to domestic financial institutions on loan mandates, documentation reviews and complex multi-jurisdiction financing. The practice is jointly led by Kanya Satwika and Indira Yustikania. Satwika is a go to contact for clients looking for financing assistance with natural resources projects. Yustikania has a broad practice, contributing to matters ranging from regulatory compliance and bridge loan facilities to loan-to-equity conversion processes and mutli jurisdictional investments. Harun Ngantung is also key to the team's ongoing successes.

Responsables de la pratique:

Kanya Satwika; Indira Yustikania


Autres avocats clés:

Harun Ngantung; Ismail Muhammad


Principaux clients

PT Bank OCBC NISP Tbk


PT MD Entertainment Tbk


CIMB Bank Berhad, Singapore Branch


BlackRock Asia-Pacific Private Credit Opp. Fund II


Loka Holdings


PT ABM Investama Tbk


PT Bukit Makmur Mandiri Utama


PT Karian Water Services


PT PLN Nusantara Renewables


PT Sarana Multi Infrastruktur


PT Bank Mandiri


Bangkok Bank Public Company Limited


Principaux dossiers


  • Advised BlackRock on its US$80 million financing to Atome Financial.
  • Advised PT Bukit Makmur Mandiri Utama on its US$1 billion financing.
  • Advised Loka Holdings on its US$385 million financing.

Hanafiah Ponggawa & Partners – Dentons HPRP

Hanafiah Ponggawa & Partners – Dentons HPRP is a leading practice for both international and domestic banks. The team is well known for possessing a wealth of expertise in Islamic finance transactions. The team, which is jointly led by Fabiola Hutagalung and Erwin Kurnia Winenda, regularly assists with profit-sharing loan facilities, housing loan programmes and cross border security releases. Hutagalung frequently arranges credit facilities for manufacturing and shipping projects, while Winenda is adept at handling cross border loans and security structures, acting for a variety of key stakeholders. Rio Pasaribu is also a key name.

Responsables de la pratique:

Fabiola Hutagalung; Erwin Kurnia Winenda


Autres avocats clés:

Rio Pasaribu; Ronny Chrismanto Ginting


Les références

‘Strong local market expertise, collaboration, and availability.’

Principaux clients

HSBC UK Bank plc


Apple Bank


responsAbility Investments AG


PT Danareksa Capital


PT Penjaminan Infrastruktur Indonesia


PT Bank Negara Indonesia


Maybank Indonesia


PT Bank KEB Hana Indonesia


FAB Bank UAE


Oversea-Chinese Banking Corporation Limited


Principaux dossiers


  • Advising PT Penjaminan Infrastruktur Indonesia on a Retrospective Government Guarantee for USD 542.7 Million to Support Jakarta-Bandung High Speed Rail Project.
  • Advising PT Danareksa Capital on Profit-Sharing-Based Loan Facility for PT Citilink Indonesia.
  • Advising PT Bank Negara Indonesia on Participation in Tapera Public Housing Loan Programme.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Kramer

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Kramer regularly acts for international banking clients, housing a team of lawyers that can ‘deliver work well under pressure and in a tight timeline’. The team is jointly led by Tjahjadi Bunjamin and Adrianus (Tommy) Adritomo, who are heavily involved in a variety of financial services mandates, such as the creation, amendment and restatement of syndicated loan facilities. Bunjamin leverages his corporate and capital markets background to ensure that international clients remain compliant with domestic regulations. Adritomo is noted for his capabilities in facilities agreement reviews.

Responsables de la pratique:

Tjahjadi Bunjamin; Adrianus Adritomo


Autres avocats clés:

Giovanna Nicky Rosalinda; Hanny


Les références

‘The team has the capabilities to understand, communicate and accommodate their clients and counterpart’s commercial needs fairly. They also can deliver work well under pressure and in a tight timeline, while still maintaining the quality.’

‘Giovanna Nicky Rosalinda manages her team well to deliver work within tight deadlines. She can communicate and negotiate her client’s needs very well while still considering the counterpart’s needs fairly.’

 

Principaux clients

Bank Mandiri


Bank Negara Indonesia


Indonesia Investment Authority


Bank Central Asia


Korea Development Bank


Siloam International Hospitals


Trafigura Asia Trading Pte Ltd


Principaux dossiers


  • Advised Korea Development Bank on a US$300 million facility extended to PT Bank KB Bukopin Tbk to finance its working capital requirements.
  • Advised Siloam International Hospitals on syndication facilities of up to IDR14.5 trillion from various banks.

TNB & Partners in association with Norton Rose Fulbright

Demonstrating expertise in a wide array of banking and financing mandates, Jakarta’s TNB & Partners in association with Norton Rose Fulbright frequently receives instructions from international financial institutions, aviation corporations and domestic commercial banks. At the helm of the practice, Tasdikiah Siregar is adept with single currency term loans, revolving credit facilities and state sponsored financings. Wira Saputra is active in the energy and infrastructure sectors, regularly assisting lenders, borrowers and government authorities. Merlyn Margaretha provides a wealth of multijurisdictional experience, with notable skill in regulatory compliance matters.

Responsables de la pratique:

Tasdikiah Siregar


Autres avocats clés:

Wira Saputra; Merlyn Magaretha


Principaux clients

BOC Aviation


BNP Paribas


Export Development Canada


PT Bank DBS Indonesia


PT Bank HSBC Indonesia


PT Beruang Besar Lombok


United Overseas Bank Limited


Principaux dossiers


  • Advised the group of lenders in a US$620,000,000 single currency term loan and revolving credit facilities to a nickel company borrower.
  • Advised PT Beruang Besar Lombok in relation to the granting of a corporate guarantee to guarantee the payment obligation relating to a construction contract for a theme park project in Hong Kong.
  • Advised the group of lenders in the financing of PT Merdeka Battery Materials Tbk.

Makarim & Taira S.

The banking and finance team at Makarim & Taira S. acts as a trusted advisor to international banks and financial services corporations. The practice group has a proven track record in documentation review, financial risk management and regulatory compliance mandates. The team is jointly led by Maria Sagrado, who has experience advising on hedging transactions, and Frederick Simanjuntak, who leverages a wealth of multi jurisdictional expertise. Lebdo Dwi Paripurno is noted for his ‘high level of professionalism’.

Responsables de la pratique:

Maria Sagrado; Frederick Simanjuntak


Autres avocats clés:

Lebdo Dwi Paripurno


Les références

‘The practice stands out for its quick response times.’

‘Lebdo Dwi Paripurno consistently delivers excellent work, responds promptly, and offers tailored solutions, all while maintaining a high level of professionalism. ’

 

Principaux clients

Juicy Score


Bairong


Principaux dossiers


SSEK Law Firm

SSEK Law Firm's esteemed client roster includes market leading financial services corporations, commercial banks and private equity firms. The team, which is under the supervision of Ira A Eddymurthy, is especially active in the fintech space, and is prepared to advise on loan restructuring, pre-closing conditions and multi jurisdictional due diligence. Winnie Y Rolindrawan is considered a go-to advisor for several US headquartered financial technology companies.

Responsables de la pratique:

Ira A. Eddymurthy


Autres avocats clés:

Winnie Y Rolindrawan; Maria Yudhitama Eka Dewi


Principaux clients

Mastercard


Western Union


Prudential


Bank Bukopin


Euronet Worldwide


Principaux dossiers


  • Advising a global brokerage and fintech firm on its entry and strategic expansion into Indonesia’s newly liberalised Contract for Difference trading sector.
  • Assisted Tokushukai Medical Group in finalising a grant-based financing agreement with Harapan Kita Hospital.
  • Serves as long-time Indonesian counsel to Western Union, advising on the establishment and licensing of its local presence, ongoing regulatory and compliance matters, and commercial arrangements with banking partners.

TnP Law Firm

TnP Law Firm combines significant banking experience with strong knowledge of Indonesia’s infrastructure, transportation and mining sectors. Rambun Tjajo is often called upon by financial institutions, offering assistance with syndicated finance mandates. Melissa Butarbutar is particularly impressive in obtaining high value loans. Ken Prasadtyo is equipped to represent both creditors and debtors. Frans Sihasale is a banking specialist who is often called upon to negotiate and draft a plethora of finance related documentation. All mentioned lawyers play key leadership roles within the practice.

Responsables de la pratique:

Rambun Tjajo; Melissa Butarbutar; Ken Prasadtyo; Frans Sihasale


Principaux clients

PT Petrindo Jaya Kreasi Tbk


PT Bank Negara Indonesia


PT Bank Mandiri


PT Bank Negara Indonesia


PT Jasamarga Akses Patimban


PT Sintesa Bara Gemilang


PT Jasa Marga


PT Danareksa


Principaux dossiers


  • Advised PT Bank Negara Indonesia and PT Bank Mandiri as mandated Lead Arrangers and Bookrunners for a IDR 3.1 trillion syndicated facility for PT Petrosea Tbk.
  • Advised PT Jasamarga Akses Patimban on securing a successful IDR 3.96 Trillion Syndicated Loan from PT Bank Central Asia Tbk and PT Sarana Multi Infrastruktur.
  • Assisted a leading tourism infrastructure developer in Indonesia with the proposed restructuring of its loan agreement with a prominent multilateral development bank.

UMBRA – Strategic Legal Solutions

UMBRA – Strategic Legal Solutions houses an ‘experienced team who are well versed’ in an array of banking and finance mandates, ranging from investor funding facilities to revolving syndicated portfolios. Putu Raditya Nugraha employs a ‘hands-on approach’ in his leadership of a practice which boasts a strong track record in the technology, manufacturing and commercial sectors. Nugraha co-chairs the practice alongside Kirana Sastrawijaya. Jesseline Tiopan brings additional strength to the practice with her ‘responsive and capable’ approach.

Responsables de la pratique:

Putu Raditya Nugraha; Kirana Sastrawijaya


Autres avocats clés:

Jesseline Tiopan


Les références

‘The Umbra Team not only provide legal suggestions but also business and market insight. ’

‘Experienced team who are well versed and up to date on industry developments and latest practices. ’

‘Putu Raditya is a hands-on partner and provides good partner supervision to matters. His senior associate, Jesseline Tiopan, is also very user-friendly, responsive and capable.’

Principaux clients

Accial Capital


PT TBS Energi Utama Tbk


Principaux dossiers


  • Advised PT TBS Energi Utama Tbk and its affiliates on the financing and development of the 35 MWac Floating Solar Photovoltaic Power Plant in Tembesi, Batam, Indonesia.
  • Advised Accial Capital as facility agent and lender in a US$60 million multi-investor funding facility to PT Awan Tunai Indonesia.

Hendra Soenardi

Hendra Soenardi is widely recognised for its expertise in the energy sector. Soenardi Pardi is a name to note for multi jurisdictional financing, while Oscar Damarjati is known for advising both sponsors and guarantors. Raisa Rinaldi recently advised on a major senior term loan facility in the renewable energy sector. Pardi, Damarjati, and Rinaldi, alongside Victor Tanojo and Victor Ricardo, all supervise the practice.

Responsables de la pratique:

Soenardi Pardi; Oscar Damarjati; Raisa Rinaldi; Victor Tanojo; Victor Ricardo


Principaux clients

PT Saptaindra Sejati


PT Oto Multiartha


PT Summit Oto Finance


Bank of China


China Development Bank


PT Bank Sinarmas Tbk


PT Dian Swastatika Sentosa Tbk


PT Energi Mega Persada Tbk


PT Kalimantan Aluminium Industry


PT Kaltara Power Indonesia


PT Adaro Andalan Indonesia Tbk


PT Cita Mineral Investindo Tbk


PT Alamtri Resources Indonesia Tbk


PT Adaro Tirta Mandiri


PT Adaro Power


Principaux dossiers


  • Represented PT Adaro Indonesia as the borrower and PT Adaro Andalan Indonesia Tbk as the guarantor in multiple financing transactions.
  • Represented PT Dian Swastatika Sentosa Tbk in providing more than USD 326 Million financing to one of Indonesia’s telecommunication group companies.
  • Represented PT Saptraindra Sejati as the borrower and PT Adaro Energy Indonesia Tbk as the guarantor in an IDR 1.8 trillion financing transaction.

Walalangi & Partners in association with Nishimura & Asahi

The corporate and M&A practice at Walalangi & Partners in association with Nishimura & Asahi is recognised for its financial regulatory expertise, proficiency in cross border financing mandates and activity across a broad range of sectors. The group is led by the capable trio of Luky Walalangi, Miriam Andreta and Hans Adiputra Kurniawan. Walalangi regularly provides multi jurisdictional compliance advice, while Kurniawan excels in subsidiary financing mandates. Andreta is equipped to advise both borrowers and lenders on a plethora of transactions.

Responsables de la pratique:

Luky Walalangi; Miriam Andreta; Hans Adiputra Kurniawan


Les références

‘They are our reliable counsel in banking and finance, always providing reliable legal support.’

‘Their partners are always hands-on and easy to communicate with, resulting in their team always providing us with practical and easy-to-follow legal analysis.’

Principaux clients

Accura Law Firm


AEL Indonesia


Airbus


Aozora Bank


Aramis Societe d’Avocats


Ascent Fund III VCC


Bangun Loka Indah


Bank of Ayudhya Thailand


Berlian Sistem Informasi


Bina Mitra Sehati


Buana Gemah Ripah


Casio Co


Daiwa


DeClout


Dharma Tatemono Propert


Dharma Tatemono Residences


Dhost Telekomunikasi Nusantara


Diamond Development Indonesia


Digital Payments Holdings


Djarum


Electrolux Indonesia


Essex Bio


GCP Applied Technologies Indonesia


GS Yuasa Corporation


Hankyu Hanshin Properties Corp


Haseko Corporation


Hino Motors


Hitachi Transport System


Home Credit Indonesia


Idemitsu Corporation


Idemitsu Kosan


Principaux dossiers


  • Acting as legal counsel to MUFG Bank Ltd in the financing of its acquisition of PT Mandala Multifinance Tbk.
  • Acting as lead counsel to Ascent Fund III VCC in their financing and investment in Bumame.