Asialaw Profiles
The Guide to the legal markets of the Asia-Pacific

The banking and finance practice at Hiswara Bunjamin & Tandjung is led by partner Tjahjadi Bunjamin and is recognised as one of the preeminent Indonesian firms for foreign lenders and creditors on financings and debt restructurings. Foreign counsel David Dawborn is active in this area for key clients such as Goldman Sachs, UBS, Deutsche Bank and Morgan Stanley.

A highlight for the firm this year was advising Credit Suisse on a US$1.3 billion facility to Long Haul Holdings and PT Bakrie & Brothers, which was for a share-swap transaction between the two companies.

The firm also advised Credit Suisse on a US$300 million credit facility to Multi Daerah Bersaing for its divestment of Newmont Nusa Tenggara.

Hiswara Bunjamin & Tandjung’s ties with Herbert Smith enables the firm’s M&A team to provide advice on corporate and M&A matters in Indonesia to international standard. The firm has a strong stable of quality multinational clients, such as Goldman Sachs, UBS, Credit Suisse, Standard Chartered Bank and Barclays Capital, and is frequently instructed on high profile cross border transactions.

The firm advised Cargill on its acquisition of a majority shareholding in Indonesian-listed sorbitol, sweetener and starch producer PT Sorini Agro Asia Corporindo.

Another highlight was advising Mitsubishi Corporation on its acquisition of a 20% interest in the Senoro-Toili Production Sharing Contract.

Hiswara Bunjamin & Tandjung works closely with Herbert Smith and therefore has access to leading international disputes expertise and know-how in commercial litigation and arbitration cases. The team’s disputes work regularly involves advising major international companies on significant contentious matters in Indonesia.

Its impressive list of clients includes Morgan Stanley, Credit Suisse, Merrill Lynch, Nokia, BP and Rio Tinto.

Partners Charles Ball and Chalid Heyder are identified as leading individuals based on the breadth and depth of their dispute resolution experience domestically and internationally.

The team last year advised a trading company in proceedings before the business competition supervisory commission over allegations of breaches of Indonesia’s anti-monopoly law.

Hiswara Bunjamin & Tandjung’s dedicated natural resources practice works closely with the leading global energy practice of Herbert Smith.

The combined HBT/Herbert Smith team has extensive experience over many years with major mining projects in Indonesia, and is recognised for its market leading reputation in mining related matters in the country.

The firm advised Thailand’s largest coal miner Banpu on the US, UK, Singapore and Indonesian law aspects of the US$400 million sale of an 8.7% stake in its listed Indonesian subsidiary PT Indo Tambangraya Megah.

Another highlight was advising Kangean Energy Indonesia on its US$875 million 10-year charter contract with BW Offshore for a floating production unit to operate on the Terang Sirasun Batur gas fields in Indonesia.