ABNR Counsellors at Law
Banking and finance in Indonesia
ABNR Counsellors at Law
Practice head(s):
Emir Nurmansyah
Other key lawyers:
Ayik Candrawulan Gunadi; Ammalia Putri; Monic Devina; Serafina Muryanti
Key clients
PT Kereta Api Indonesia
Bank Sharia Indonesia
PT Bank KB Bukopin Tbk PT Asco Investindo
Hanwha Life
PT Bank Tabungan Negara
Work highlights
- 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.
Practice head(s):
Daniel Ginting; Tarsis Halintar
Other key lawyers:
Sofie Chandra
Key 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
Work highlights
- 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
Practice head(s):
Erwandi Hendarta; Indri Guritno
Other key lawyers:
Muhammad Ibnu Sofyan; Mahardikha Sardjana
Key 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
Work highlights
- 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.
Practice head(s):
Rizaldy Tauhid
Other key lawyers:
Frederic Draps; Chandra Setyabrata
Testimonials
‘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.’
Key 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
Work highlights
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.
Practice head(s):
Adrian Pranata; David Holme
Other key lawyers:
Putri Meisita Kusuma; First Deddy Ariyanto
Key clients
United Overseas Bank Limited
Work highlights
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.
Practice head(s):
Kanya Satwika; Indira Yustikania
Other key lawyers:
Harun Ngantung; Ismail Muhammad
Key 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
Work highlights
- 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.
Practice head(s):
Fabiola Hutagalung; Erwin Kurnia Winenda
Other key lawyers:
Rio Pasaribu; Ronny Chrismanto Ginting
Testimonials
‘Strong local market expertise, collaboration, and availability.’
Key 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
Work highlights
- 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.
Practice head(s):
Tjahjadi Bunjamin; Adrianus Adritomo
Other key lawyers:
Giovanna Nicky Rosalinda; Hanny
Testimonials
‘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.’
Key clients
Bank Mandiri
Bank Negara Indonesia
Indonesia Investment Authority
Bank Central Asia
Korea Development Bank
Siloam International Hospitals
Trafigura Asia Trading Pte Ltd
Work highlights
- 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.
Practice head(s):
Tasdikiah Siregar
Other key lawyers:
Wira Saputra; Merlyn Magaretha
Key clients
BOC Aviation
BNP Paribas
Export Development Canada
PT Bank DBS Indonesia
PT Bank HSBC Indonesia
PT Beruang Besar Lombok
United Overseas Bank Limited
Work highlights
- 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’.
Practice head(s):
Maria Sagrado; Frederick Simanjuntak
Other key lawyers:
Lebdo Dwi Paripurno
Testimonials
‘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. ’
Key clients
Juicy Score
Bairong
Work highlights
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.
Practice head(s):
Ira A. Eddymurthy
Other key lawyers:
Winnie Y Rolindrawan; Maria Yudhitama Eka Dewi
Key clients
Mastercard
Western Union
Prudential
Bank Bukopin
Euronet Worldwide
Work highlights
- 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.
Practice head(s):
Rambun Tjajo; Melissa Butarbutar; Ken Prasadtyo; Frans Sihasale
Key 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
Work highlights
- 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.
Practice head(s):
Putu Raditya Nugraha; Kirana Sastrawijaya
Other key lawyers:
Jesseline Tiopan
Testimonials
‘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.’
‘One strong virtue is Putu Raditya’s detailed insight on potential tax exposure in one glance of a transaction structure.’
Key clients
Accial Capital
PT TBS Energi Utama Tbk
Work highlights
- 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.
Practice head(s):
Soenardi Pardi; Oscar Damarjati; Raisa Rinaldi; Victor Tanojo; Victor Ricardo
Key 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
Work highlights
- 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.
Practice head(s):
Luky Walalangi; Miriam Andreta; Hans Adiputra Kurniawan
Testimonials
‘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.’
Key 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
Work highlights
- 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.