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

Budidjaja & Associates

Budidjaja & Associates’ stated objective is to look at clients’ needs in the broadest possible context and not just their legal objectives. This philosophy has led to numerous high quality mandates in the M&A space. Partner Juni Dani is extremely experienced on M&As, dissolutions and liquidations and is the go-to lawyer in this practice. Deal highlights in the last year include advising on the commercial structures of AXA Indonesia and Delami Garment Industries and their respective licensing agreements.

Oentoeng Suria & Partners

Oentoeng Suria & Partners’ financial and corporate practice has continued its exponential growth in the last year. The firm was busy advising PT Bank Andara on its rapid recapitalisation and growth strategy to take advantage of the prospering micro-credit and micro-finance industry in Indonesia. Other transactions include advising two Indonesian subsidiaries of one of Australia’s largest beverage groups on a substantial term loan facility.

Roosdiono & Partners

Roosdiono & Partners’ ability to work seamlessly with investment bankers and other specialist advisers on transactions covering sectors such as mining, plantations, property, manufacturing, communications, banking, insurance, energy, maritime and air transport, is what differentiates it from competitors. Other experience includes advising on some of the largest debt restructuring exercises in the region.

Assegaf Hamzah & Partners

Assegaf Hamzah & Partners’ strong capability in practice areas such as capital markets, and energy and natural resources is well known. And key clients of the firm also turn to it for advice on real estate matters. A major highlight last year was assisting a consortium of foreign investors in a proposed land acquisition in Bali for the development of an integrated tourist resort.

Budidjaja & Associates

The past year saw Budidjaja advise PT Hitachi Construction Machinery Indonesia, a subsidiary of Hitachi Construction Machinery, on the corporate and commercial aspects of its plan for land acquisition and factory construction.

Another highlight included advising Enplas Corporation on its plan to acquire a plot of land and establish a subsidiary company in Indonesia via a complex sale and purchase of land agreement.

Makes & Partners

Makes & Partners served as legal counsel to HSBC Institutional Trust Services and Bowsprit Capital Corporation on a hospital property acquisition. This transaction was conducted by First REIT under the laws of Singapore. Other notable work included acting as legal counsel to PT Agung Podomoro Land on its initial public offering.

Melli Darsa & Co

Melli Darsa & Co’s M&A and capital markets practices work hand-in-hand with its oil and gas team. Together, they have completed a number of initial public offerings or other financings for leading domestic construction companies. For example, the firm advised PT Bumi Serpong Damai on its limited public offering of ordinary shares, as well as its acquisition of shares in PT Duta Pertiwi.

Roosdiono & Partners

Roosdiono & Partners is frequently engaged by domestic and multinational corporations on unique and complex commercial real estate transactions. The reach of the practice includes cross border work. For example, the team advises on innovative asset backed securitisations and real estate investment funds. This included a mandate on AXIS REIT, the first to be listed in Malaysia.

Ali Budiardjo Nugroho Reksodiputro

Acting for corporate clients on dispute settlement negotiations, ABNR regularly appears before relevant administrative and arbitration tribunals. With the combined efforts of the energy and natural resources team, the dispute team represented MMC Oil & Gas Engineering in a dispute concerning the termination of subcontracts with PT Tamarona. The firm also advised PT Perusahaan Gas Negara in a decision by the Dispute Adjudication Board.

Assegaf Hamzah & Partners

Assegaf Hamzah & Partners’ very strong litigation team is at the forefront of competition law developments in Indonesia having acted as counsel to national carrier Garuda Indonesia in a ground-breaking competition law dispute. This saw the District Court overturn the Business Competition Supervisory Commission’s decision that Garuda had taken part in an airline cartel established to maintain fuel surcharges.

Budidjaja & Associates

Housing a strong group of litigators, Budidjaja & Associates enjoys an excellent reputation for disputes work. The firm represented PT JAIC Indonesia, a venture capital consulting business, in its dispute with state owned enterprise PT Istaka Karya (Persero) over Istaka promissory notes.

Hutabarat Halim & Rekan

The firm’s founding partner Pheo M Hutabarat is “an expert in commercial dispute resolution”, says one rival partner. The firm acted as legal counsel to the Lippo Group in connection with the termination of 100 employment contracts of employees of PT Kymco Lippo Motor Indonesia. The matter was heard in front of the Labour Court in Jakarta.

Roosdiono & Partners

Roosdiono & Partners represents clients from various business sectors in settling disputes in connection to Indonesian arbitration, civil and construction law. The firm advised PT Daysun Jaya Satu in filing a lawsuit against PT Archipelago Trading & Service Corporation over the purchase price of a property in Jakarta.

Soewito Suhardiman Eddymurthy Kardono

Soewito Suhardiman Eddymurthy Kardono is very experienced in handling matters for Singapore-based international law firms in conjunction with arbitration hearings for multinational companies. The firm is also adept at handling litigation cases. It acted as Indonesian counsel for PT Aperni Pratama Ocean Line and assisted the Indonesian law firm Kailimang & Ponto in the successful defence during bankruptcy proceedings made by the Korea Securities Finance Corporation.

Despite its status as a relatively new firm, Budidjaja & Associates’ shipping, aviation and maritime team “has very sound lawyers who know how to apply theoretical knowledge in a sensible and very user friendly way”, says one client.

The firm assisted Empire Tankers, a consortium of four ship owners, to enforce a decision of the High Court of London in connection with legal issues relating to a corporate guarantee for charter hire that was issued by an Indonesian public company to its subsidiary.