A&O Shearman is a prominent name in the Indonesian market, offering expertise in financing mandates, corporate acquisitions and multi jurisdictional energy matters. Felipe Duque is prepared to handle foreign currency bond issuances and various loan facilities arrangements. Duque shares a strong background in capital markets with Aloysius Tan, who focuses on the financial services and power sectors. Scott Lovell is a reference in the Indonesian projects and energy market and was recently involved in the refinancing of a major coal power plant. James Mythen excels in private equity and sovereign wealth fund transactions. Gautam Narasimhan is also a senior practitioner. Hae-Ran Song is a key member of the practice.
Foreign firms in Indonesia
A&O Shearman
Responsables de la pratique:
Gautam Narasimhan; Felipe Duque; Aloysius Tan; James Mythen; Scott Lovell
Autres avocats clés:
Hae Ran Song
Principaux clients
The Republic of Indonesia
Asian Development Bank
ADM Capital
PT Bank Mandiri (Persero) Tbk
PT Cikarang Listrindo Tbk
PT Cirebon Electric Power
Xurya
Principaux dossiers
- Advised the Republic of Indonesia on its issue of EUR750 million and USD1.8 billion US SEC-registered sustainable development goals dual-currency bond.
- Advising the Sponsors and Borrower in connection with the refinancing of the existing project financing for the 660MW Cirebon-1 coal-fired power plant Cirebon-1 in Indonesia through loan facilities to be provided by ADB and other lenders.
- Advised Xurya, an Indonesian solar energy startup, on its Series A2 fundraising round.
Clifford Chance
Commended for its broad sector offering across Indonesia, Clifford Chance has experience with a wide array of mandates, ranging from infrastructure investments and acquisitions to joint ventures and sharia-finance compliant transactions. Melissa Ng spearheads the practice and utilises a multidisciplinary approach in advising global investors, technology corporations and energy companies. Shaun Langhorne is noted for his capabilities in restructuring matters, and is active in deals across Indonesia, Singapore and the U.S. Gareth Deiner is often engaged in initial public offerings and international bond issuances. Matthew Buchanan is reputed for his depth of expertise in project development matters, and remains active in the shipping and renewable energy sectors.
Responsables de la pratique:
Melissa Ng
Autres avocats clés:
Shaun Langhorne; Gareth Deiner; Matthew Buchanan
Les références
‘The strength of the legal skill set and service level is great across the board, from trainees to partners.’
‘Melissa Ng have a very in-depth experience and knowledge across different industries in the Indonesian market. The level of expertise contributes a lot to her Indonesian deals, including dealing with Indonesian counsels like us and clients.’
‘David Ho, a senior associate, resonates with many clients in Indonesian projects.’
Principaux clients
APG Asset Management
Abu Dhabi Investment Authority
PT Harita Jayaraya
Levanta Renewables
Republic of Indonesia
Avers Asia
Principaux dossiers
- Advised KKR & the OMS Group on their landmark US$292.5m debt financing with a consortium comprising HSBC, Affin Bank Berhad, Affin Hwang Investment Bank Berhad, BDO Capital & Investment Corporation, E-Sun Commercial Bank Ltd., and SinoPac Co. Ltd.
- Acted as international counsel to APG and ADIA as shareholders of the Buyer, PT Rafflesia in their acquisition of / investment in two sections of the Trans Sumatra Toll Road from the Seller.
- Advised the Republic of Indonesia on the international aspects of its landmark US$2.35 billion global sukuk.
Milbank
Milbank boasts ‘deep experience in corporate and project finance across many sectors in Indonesia,' maintaining a particularly strong market presence in the energy, real estate and healthcare sectors. James Murray is noted for his 'great commercial and legal acumen,' having established an especially strong reputation acting for lenders in renewable energy developments. Jacqueline Chan excels in equity investment matters, and David Zemans strengthens the team with his knowledge of revolving credit facilities. Giles Kennedy is well versed in corporate restructurings, infrastructure M&A and the issuance of senior notes, and is qualified to practice in New Zealand, New York and the United Kingdom. All mentioned lawyers play a crucial role in leading the firm. Andrew Gibb excels in an array of project financing mandates.
Responsables de la pratique:
James Murray; David Zemans; Jacqueline Chan; Giles Kennedy
Autres avocats clés:
James Orme; Rosaline Yusman
Les références
‘The team has deep experience in corporate and project finance across many sectors in Indonesia.’
‘James Murray and Rosaline Yusman know the Indonesia market very well and are able to advise with great commercial and legal acumen on financings in Indonesia. ’
‘The team’s experience in the market is very deep.’
Principaux clients
PT Amman Mineral Internasional Tbk
PT Supreme Energy Muara Laboh
PT Modernland Realty Tbk
PT Agung Podomoro Land Tbk
PT Lippo Karawaci Tbk
PT Agung Podomoro Land Tbk
LMIRT Capital Pte. Ltd.
PT Bank Mandiri
Loka Holdings
PT Jasa Marga (Persero) Tbk
CVC
ADB
MUFG
Sumitomo Mitsui Banking Corp.
DBS Bank Ltd.
Principaux dossiers
- Acting as international counsel to PT Supreme Energy Muara Laboh in connection with the development and financing of the next phase of the Muara Laboh Geothermal Power Project in Indonesia.
- Representing the commercial lenders in connection with the project for an up to 120MW hyperscale data centre located in West Java Province, Bekasi District, Indonesia.
- Advised CVC Capital Partners in its more than US$1 billion investment in PT Siloam International Hospitals Tbk.
White & Case Pte. Ltd.
White & Case Pte. Ltd. leverages a wealth of project finance and capital markets expertise in its Indonesian practice, assisting international banks, technology corporations and domestic energy companies. Alexander McMyn spearheads the team and is noted for his capabilities in financing matters, advising both publically listed and private entities. Kaya Proudian is qualified to practice in both the UK and the USA, and considered an authority in South East Asian investment mandates. Charles McConnell bolsters the team's offering with his frequent contributions to securities-backed financings. Tim Fourteau is recognised for his project development acumen, with particular activity in the natural resources, energy and manufacturing sectors.
Responsables de la pratique:
Alexander McMyn
Autres avocats clés:
Tim Fourteau; Charles McConnell; Kaya Proudian
Principaux clients
Banco Santander
EP Resources AG
HSBC
Intesa Sanpaolo S.p.A.
Kookmin Bank Hong Kong Branch
Oversea-Chinese Banking Corporation Limited
Standard Chartered Bank
Principaux dossiers
Gibson Dunn
Gibson Dunn is highly regarded for its restructuring and financing work, acting for domestic corporations, venture capital funds and international energy companies. The team is recognised in the market for its proficiency across a number of mandates, ranging from cross-border project financing and the purchase of high yield notes to secondary transactions and umbrella facilities. Department head Jamie Thomas is noted for his capabilities in revolving hybrid financing, insolvency proceedings and loan purchases. U-Shaun Lim and John Chea bring additional strength to the team.
Responsables de la pratique:
Jamie Thomas
Autres avocats clés:
U-Shaun Lim; John Cheah
Principaux clients
MedcoEnergi
I Squared Capital
PT Asianet Media Teknologi
Duniatex Group
PT Indika Energy
KKR
MAXpower Group Pte Ltd
East Ventures
Principaux dossiers
King & Spalding LLP
King & Spalding LLP's thriving Indonesian practice is noted for its capabilities in M&A, project refinancing, share transfers and credit facilities arrangements. Its involvement in the country spans several sectors, ranging from energy to aviation. In Singapore, the team is jointly led by Simon Cowled, who is prepared to handle high value divestment transactions concerning traditional energy projects and Andrew Brereton, who is renowned for his acquisition finance expertise. Zoe Bromage is a name to note for renewable energy mandates, both from a project development and transactional perspective.
Responsables de la pratique:
Simon Cowled; Andrew Brereton
Autres avocats clés:
Zoe Bromage
Principaux clients
PT Barito Wind Energy
Princeton Digital Group
Star Energy Group Holdings
Mitsui & Co., Ltd.
OCP Asia
PT Barito Wind Energy
Princeton Digital Group
Star Energy Group Holdings
Mitsui & Co., Ltd.
OCP Asia
Principaux dossiers
- Advised Star Energy Group Holdings Pte. Ltd on the amendment, restatement and extension of its USD 655,000,000 acquisition financing facility with Bangkok Bank.
- Advised PT Barito Wind Energy in connection with its USD 110,000,000 financing with PT Bank Negara Indonesia Tbk for the acquisition of PT UPC Sidrap Bayu Energy and PT UPC Operation & Maintenance.
- Advised Princeton Digital Group on its S$131 million refinancing and upsize of its existing term and revolving green loan facilities for its Singapore data centre operations.
Latham & Watkins LLP
Latham & Watkins LLP is renowned for its frequent activity in the Indonesian energy market and deep experience in the acquisition of infrastructure companies and the termination of joint ventures. Timothy Hia is recognised for his financing expertise and is often tasked with arranging both loan and revolving credit facilities. Stephen McWilliams is noted for his capabilities in geothermal power mandates, while James Clayton-Payne is considered an authority on M&A deals. Marcus Lee broad corporate practice extends to advising on mergers and asset purchase transactions. Sidharth Bhasin and Sharon Lau are also senior practitioners in the firm.
Responsables de la pratique:
Sharon Lau; Timothy Hia; Stephen McWilliams; James Clayton-Payne; Marcus Lee; Sidharth Bhasin
Principaux clients
Affinity Equity Partners
PT Mineral Industri Indonesia
Agentur Valle GmbH
Digital Realty Trust
Golden Energy and Resources Pte Ltd
PT Chandra Asri Pacific Tbk
PT Energi Mega Persada TBK
Sorik Marapi Geothermal Power
Asian Development Bank
Japan Bank for International Cooperation
Sumitomo Mitsui Banking Corporation
Principaux dossiers
- Advised Affinity Equity Partners on its acquisition of PT Yupi Indo Jelly Gum.
- Advised PT Sorik Marapi Geothermal Power on its debut issuance of US$350 million 7.75% senior secured notes due 2031.
- Advised the export credit agencies and other finance parties on the proposed expansion project in respect of the Muara Laboh geothermal power plant.
Linklaters
Linklaters’ cross practice Indonesia team, based in Singapore, is a key name in the market for mergers, acquisitions, bond issuances and real estate investments. The team, which boasts international banks as part of its client base, is led by Amit Singh, Jonathan Horan, Philip Badge, Sophie Mathur and Jelita Pandjaitan. Singh focuses on international capital markets transactions while Pandjaitan is considered an authority in international arbitration matters. Mathur is well known in the market for her financial services expertise and has advised on several multi-jurisdictional investments in the real estate, healthcare and banking sectors.
Responsables de la pratique:
Amit Singh; Jonathan Horan; Philip Badge; Sophie Mathur; Jelita Pandjaitan
Autres avocats clés:
Karen Phang
Les références
‘Brings international best practice and technical legal standards to the Indonesian market.’
‘Understanding of the Indonesian market, enough oversight from partners on deals, and business-oriented risk management approach.’
Principaux clients
Deutsche Bank AG
Principaux dossiers
- Advised the joint lead managers on the issuance of US$2.75bn trust certificates by The Republic of Indonesia.
- Acted as the international counsel for the sole bookrunner in the project bond issuance by PT Sorik Marapi Geothermal Power (SMGP).
Allen & Gledhill LLP
In Singapore, Allen & Gledhill LLP houses a ‘responsive and knowledgeable’ Indonesia practice with a broad sector offering, ranging from financial services and telecommunications to energy and real estate. The team, which is retained by international banks and venture capital firms is adept at handling foreign currency note issuances, joint ventures and tender offers. Prawiro Widjaja spearheads the team and is frequently tasked with drafting and negotiating share purchase agreements for a wide array of clients. Oene Marseille is well positioned to advise on loan facilities and oil divestments. Jessie Lim is another key name to note in the department.
Responsables de la pratique:
Prawiro Widjaja
Autres avocats clés:
Jessie Lim
Les références
‘Responsive and knowledgeable.’
Principaux dossiers
- Advising our client on purchasing Shell’s integrated petrochemical assets and business at Bukom and Jurong Island, Singapore.
- Acted on a S$1.75 billion investment by a private equity led consortium.
- Acted on a S$1.4 billion voluntary unconditional general offer.
K&L Gates
K&L Gates Straits Law LLC is extremely active in aviation, shipping and energy mandates. Operating under the supervision of Marius Toime, the team has experience dealing with M&A deals, multi jurisdictional regulatory due dilligence and various investment matters, with Toime excelling in natural resources and logistics mandates. Christopher Tan strengthens the team with his background in commercial transactions and employment law. Meraj Noor, a capital markets specialist, and David Kuo, who demonstrates strength in the automotive sector, have bolstered the firms profile since joining from DLA Piper in July 2024.
Responsables de la pratique:
Marius Toime
Autres avocats clés:
Meraj Noor; Christopher Tan; David Kuo
Les références
‘Marius Toime has worked and lived in Indonesia, and understands it very well. He is pro active on the ground in Indonesia in energy and across various sectors.’
Principaux clients
PT Pertamina Hulu Energi
PT Pertamina International Shipping
PT Pertamina
PT Petromine Energy Trading
Samvardhana Motherson International Limited
Mondiale Freight Services Ltd
Principaux dossiers
- Advising PT Pertamina Hulu Energi on the landmark agreement with Malaysia’s Petronas to acquire Shell’s 35% participating interest in the Masela Block.
- Advising PT Pertamina International Shipping – the shipping and logistics arm of Indonesia’s state-owned energy company Pertamina – on its strategic collaboration with Japan’s NYK Line.
- Advising Pertamina on a detailed regulatory analysis and comparison of the oil and gas sectors in South Africa, Kenya, Mozambique and Democratic Republic of Congo.
Reed Smith LLP
Reed Smith LLP is recognised for its expertise in the projects and energy markets, operating under the joint supervision of Manoj Purush and Johnny Lim. Purush is well versed in M&A matters, IPO’s and mezzanine fundraising and is building a strong track record in Indonesia’s growing renewable energy space. Lim is noted for his capabilities in mining, materials, investment and real estate mandates. Omar Al-Ali has a wealth of project finance experience. He is equipped to advise on syndicated loans, working capital facilities and prepayment financing.
Responsables de la pratique:
Manoj Purush; Johnny Lim
Autres avocats clés:
Omar Al-Ali
Les références
‘The Reed Smith team has a cross border practice with the capability to operate seamlessly in both Singapore and Indonesia. In particular they are strong in the minerals / mining sector as well as the M&A space.’
‘The team has a depth of knowledge and experience in the regional transactions involving the Indonesian jurisdiction.’
‘Reed Smith has consistently demonstrated excellence through its outstanding team and high-quality work. Their responsiveness is quick and efficient, ensuring that client needs are addressed without delay.’
Principaux dossiers
Sidley Austin LLP
Sidley Austin LLP possesses ‘in depth knowledge’ of the Indonesian market and is very active in the natural resources, financial services and technology sectors, acting for both domestic and international clients. The ‘very capable’ Charlie Wilson spearheads the practice and is noted for his capabilities in multi jurisdictional securities transactions, infrastructure development mandates and joint ventures. Alexius Chong is praised by clients for his ‘creative and solutions orientated’ approach. He is prepared to advise on restructuring plans, start up fundraising and loan facilities.
Responsables de la pratique:
Charlie Wilson
Autres avocats clés:
Parthiv Rishi; Alexius Chong; Daniel Lindsey;
Les références
‘The partners understand the client needs and fight in the client’s interest’s.’
‘The team has in-depth knowledge and extensive experiences assisting Indonesian clients and as such, are able to tailor their approach to suit the needs and priorities of their Indonesian clients. This also gives them the ability to offer competitive price without sacrificing qualities and responsiveness.’
‘I’m particularly impressed with Charlie Wilson who is a very capable lawyer with in-depth knowledge and extensive experience on Indonesian transactions, particularly those in the areas of technology, media and telecommunication.’
Principaux clients
PT Indika Energy Tbk (Indika)
MIND ID (Mining Industry Indonesia)
Amartha Nusantara Raya
PT TBS Energi Utama Tbk
KKR
Ant Group
Principaux dossiers
- Represented PT Indika Energy Tbk, a leading diversified Indonesian company with a portfolio of businesses spanning the energy value chain and a variety of other sectors, on its offering of US$350 million 8.75% senior notes due 2029, concurrent tender offer for its outstanding 8.25% senior notes due 2025, and tap offering of US$105 million 8.75% senior notes due 2029.
- Advised MIND ID on the “Change of Control” offer by MIND ID to purchase for cash any and all of its outstanding 6.530% Senior Notes due 2028 and 6.757% Senior Notes due 2048 and the concurrent two US$1 billion short-term syndicated loan facilities.
- Represented KKR on its primary and secondary investment into PHINMA Education Holdings, Inc, one of Southeast Asia’s leading private higher education groups with a strong and growing presence in Indonesia.
Drew & Napier LLC
Drew & Napier LLC‘s Singapore office is heavily involved in the Indonesian market, demonstrating particular proficiency in restructuring mandates, trademark applications and financing matters. Under the supervision of Julian Kwek, the team is active in the engineering, oil & gas, hospitality and healthcare sectors. Kwek leverages a wealth of bankruptcy expertise in his practice and is well versed in multi jurisdictional transactions across a variety of markets. Blossom Hing, SC and Yvonne Tang further strengthen the team’s Indonesia offering.
Responsables de la pratique:
Julian Kwek
Autres avocats clés:
Blossom Hing, SC; Yvonne Tang; Lim Siau Wen
Les références
‘Rich in talent and depth. Incredibly engaging with clients and aware of client needs.’
‘Jon Nair and Tan Teng Sen are both vastly experienced and pragmatic M&A lawyers, and are regularly in Jakarta to keep their practice well-informed. Also, Gary Wan adeptly handled a banking M&A in Indonesia.’
Principaux clients
Rhodium Resources Pte Ltd
PT. Nikko Sekuritas Indonesia
TT International Limited.
PT Humpuss Intermoda Transportasi Tbk
PT Humpuss Transportasi Kimia.
Navayo International A.G.
Hungarian Export Credit Insurance Pte Ltd
Heripen Investment Pte. Ltd.
Sums Resources Pte Ltd
Grab Holdings Inc.
Take-Two Interactive Software, Inc.
HUGO BOSS
BlackBerry Limited
Meta Platforms, Inc.
Principaux dossiers
- Acting for several entities related to Rhodium Resources Pte Ltd, in relation to Agritrade International (Pte) Ltd’s (“AIPL”) US$1.3 billion restructuring.
- Acted for PT. Nikko Sekuritas Indonesia in establishing a new unit trust fund and various sub-funds which invests into physical bullion, paper bullion, derivative bullion, fixed income, and equity securities that are related to bullion activities and companies.
- We are advising TT International Ltd. (“TTI”) and its subsidiaries on the S$500 million debt restructuring.
Hogan Lovells Lee & Lee
Hogan Lovells Lee & Lee is ‘a commercially attractive option’ for firms looking to engage with the Indonesian market. Spearheaded by Siew Kam Boon, a January 2025 arrival from Ashurst , the practice is noted for its capabilities in financing facilities, arbitration matters and infrastructure projects. Boon is very active in the private equity space, while Chalid Heyder is a reference in the Indonesian dispute resolution market. He is supported by Teguh Darmawan who impresses with his ‘calm demeanour and professionalism’.
Responsables de la pratique:
Siew Kam Boon
Autres avocats clés:
Chalid Heyder; Mochamad Kasmali; Teguh Darmawan;
Les références
‘Hogan Lovells DNFP is a commercially attractive option.’
‘Hogan Lovells DNFP is relatively lean compared to other international-affiliated firms in Jakarta. For matters that do not require large teams of partners and associates but still benefit from international experience and standards, Hogan Lovells DNFP is a highly suitable choice.’
‘I work primarily with Teguh Darmawan, and I have consistently found him to be highly responsive and easy to collaborate with. His drafting work is also very good — clear and well-structured.’
Principaux clients
British International Investment
Pentagreen Capital Assets Ptc. Ltd.
Principaux dossiers
- Advising British International Investment (BII) and Pentagreen Capital on the structuring and deployment of a US$80 million holdco facility to IB Vogt.
Mishcon de Reya LLP
Mishcon de Reya LLP excels in restructuring, financing and other mandates involving international banks, and is also noted for the assistance it provides on ‘corporate matters, tax planning and private wealth’. Practice head, Tahirah Ara, ‘is what makes the practice unique’ and is adept at handling matters involving the media, finance and agriculture sectors. Ara is supported by Si Wei Chua, a corporate law specialist, who excels in commercial acquisitions and investment deals.
Responsables de la pratique:
Tahirah Ara
Autres avocats clés:
Si Wei Chua; Angelene Teo; Astrid Desmonda
Les références
‘Tahirah Ara, the managing partner, is what makes the practice unique.’
‘Mishcon helps us on corporate matters, tax planning, and private wealth.’
Principaux clients
PT Bakrie Sumatera Plantations Tbk
PT Visi Media Asia Tbk
Principaux dossiers
Stephenson Harwood
Department head John Zadkovich, an October 2024 arrivals from Penningtons Manches Cooper LLP, brings a wealth of energy expertise to Stephenson Harwood LLP. The team is also active in the financial services, maritime and charity sectors. Nick Dingemans joined the team with Zadkovich and is renowned for his experience in both renewable and traditional energy mandates. Saugata Mukherjee is adept at handling aviation novation matters and aircraft refinancing deals. Tom Platts impresses when acting in joint ventures and regulatory due diligence matters.
Responsables de la pratique:
John Zadkovich
Autres avocats clés:
Saugata Mukherjee; Tom Platts; Nick Dingemans
Principaux clients
BECIS Bioenergy Pte
Tyme Investments Pte. Ltd.
Iluma Alliance
Finnfund
Family office
Peak Energy
Principaux dossiers
WongPartnership LLP
WongPartnership LLP delivers ‘fast and cutting-edge service to clients’ and is considered particularly attractive to overseas investors and domestic start-ups. Its Indonesian focused matters are jointly spearheaded by Mark Choy, Lim Wei Lee and James Choo. Choy is considered an authority in Indonesia’s M&A market, while Lee leverages a wealth of arbitration expertise. Choo is well versed in fraud investigations, hospitality group acquisitions and real estate mandates. Manoj Pillay Sandrasegara retired in 2025.
Responsables de la pratique:
Mark Choy; Lim Wei Lee; James Choo
Autres avocats clés:
Kyle Lee;
Les références
‘A great team who work closely across practices within the firm to deliver fast and cutting-edge responses to clients.’
Principaux clients
Argor Capital Management
Ionic Global Holding
Granite Asia
Kitalulus
First Resources Limited
East Ventures
Cercano Management Asia
Northstar
Principaux dossiers
- Acting for First Resources Limited and its majority-owned subsidiary, PT Ciliandra Perkasa, in their proposed acquisition of the Indonesian-listed company, PT Austindo Nusantara Jaya, Tbk., together with Makes & Partners Law Firm.
- Acting for APL Realty Holdings and its related companies, including parent company PT Agung Podomoro Land in the tender offer for its US$300 million 5.95% senior notes due 2024.
- Acted for Granite Asia as lead investor in the US$20 million Series A funding round of Indonesia-based poultry startup, Chickin.