Chambers Asia Pacific (2022)
Banking & Finance - Band 2
Capital Markets - Band 1
Competition and Antitrust - Band 1
Corporate/M&A - Band 1
Dispute Resolution - Band 1
Employment - Band 1
Intellectual Property - Band 3
Projects & Energy - Band 2
Real Estate - Band 3
Tax - Spotlight
Technology, Media, Telecommunications - Band 1
Ranked Lawyers:
Ahmad Fikri Assegaf - Capital Markets (Eminent Practitioners), Corporate/M&A (Eminent Practitioners)
Ahmad Maulana - Employment (Band 1)
Asep Ridwan - Competition/Antitrust (Band 1)
Bono Adji - Capital Markets (Band 1), Corporate/M&A (Band 1)
Chandra M Hamzah - Dispute Resolution (Senior Statespeople)
Dewi Soeharto - Intellectual Property (Band 3)
Eko Basyuni - Corporate/M&A (Band 3)
Eri Hertiawan - Dispute Resolution (Band 1)
Farid Nasution - Competition/Antitrust (Band 1)
Ibrahim Sjarief Assegaf - Banking & Finance (Band 2)
Kanya Satwika - Projects & Energy (Band 3)
Muhammad Iqsan Sirie - Technology, Media, Telecoms (TMT) (Associates to watch)
Putu Suryastuti - Capital Markets (Band 2)
Rikrik Rizkiyana - Competition/Antitrust (Senior Statespeople)
Valerie Ngooi Ming Hui - Corporate/M&A: Foreign Legal Consultants (Band 2)
Zacky Z Husein - Technology, Media, Telecoms (TMT) (Band 1)
Banking & Finance
What the team is known for
Assegaf Hamzah & Partners is a notable full-service law firm in Indonesia, regularly advising borrowers and lenders on a broad range of conventional and Shari'a-compliant deals. Assists clients with acquisition, leveraged and structured financings, advising leading Indonesian and overseas banks, corporates, asset managers and government entities. Also well placed to handle project and infrastructure finance, fintech issues, restructuring and insolvency mandates and bank merger deals. Clients include Bank Central Asia, Bangkok Bank and DBS Bank.
Work highlights
Assegaf Hamzah & Partners advised Bank Central Asia on the acquisition of 100% interest in Bank Rabobank International Indonesia.
Notable practitioners
Ibrahim Sjarief Assegaf represents top Indonesian and international banks in a range of acquisition finance, project finance and refinancing deals, as well as debt restructuring.
Capital Markets
What the team is known for
Assegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on convertible and exchangeable bonds, IPOs and private placements in Indonesia. Additionally adept at advising on Shari'a-compliant sovereign debt issuances. Particularly active for issuers, advising several of Indonesia's largest corporates in the energy, mining and telecommunications sectors. Also represents government entities and financial institutions in capital markets transactions. Medco Energi, DCI Indonesia and Indointernet Indonesia are clients.
Strengths
A source comments: "Assegaf Hamzah & Partners is a safe pair of hands. They have done a lot of deals and seen all types of issues, and know what the typical things that need to be taken into account or checked before issuance. If they are running the deal, nothing will be missed and there won't be any last-minute surprises."
"We have been very happy with Assegaf Hamzah & Partners," attests another source.
Work highlights
Assegaf Hamzah & Partners assisted Soho Global Health with its IPO, which included advising the convertible bond holders on selling bonds in conjunction with the IPO process.
Notable practitioners
Ahmad Fikri Assegaf is a seasoned lawyer in Jakarta with a broad practice covering capital markets, M&A and finance. He is experienced in representing issuers on bond transactions.
Bono Adji is recognised by market commentators as a highly experienced and sought-after lawyer in Indonesia for capital markets and public M&A matters. He advises on both debt and equity deals.
Putu Suryastuti acts for issuers and joint lead managers on bond issuances and rights issues in Indonesia, and is notably active representing financial institutions in their capital-raising activities. Market sources note that she is "very active on capital markets transactions."
Competition and Antitrust
What the team is known for
Assegaf Hamzah & Partners possesses expertise across a wide range of competition and antitrust legal matters, including representing clients in major cartel investigations before the Indonesian Competition Commission (KPPU). Also handles cartel and price-fixing cases, alongside merger notifications and competition audits. Entrusted by multinational and domestic clients from the automotive, technology, transportation and manufacturing sectors, among others. Its competition team includes former KPPU employees, providing additional regulatory expertise, and in-house economists. Clients include Meratus Line, Tirta Investama and Manunggal Adipura.
Strengths
A commentator observes: "I find that they are just the very best in the market. Assegaf Hamzah & Partners is reliable and works seamlessly with international counsel."
"They are knowledgeable about the regulations and have good understanding of business issues as well," according to a source.
Work highlights
Assegaf Hamzah & Partners represented Meratus Line in its appeal to the District Court in relation to the KPPU's price-fixing decision against the client and three other shipping companies.
Notable practitioners
Asep Ridwan is recognised by commentators for his proficiency in handling contentious and non-contentious competition law matters in Indonesia. His expertise includes price fixing and discriminatory practice mandates.
Farid Nasution has an active practice in transactional and contentious competition law matters in Indonesia. He is able to draw on his experience working for the KPPU to assist clients.
Rikrik Rizkiyana is a highly respected competition lawyer who is noted for his experience in Indonesia. He has a broad practice encompassing merger control and KPPU investigations.
Corporate/M&A
What the team is known for
Assegaf Hamzah & Partners is a market-leading corporate law practice in Jakarta, active on some of the largest and most complex M&A transactions in the region. Advises major Indonesian clients and prominent international companies on joint ventures, foreign direct investment and private equity. Valued also for its work in real estate, particularly on development deals and lease agreements. Regularly handles acquisitions pertaining to industrial and retail properties, as well as construction issues. Clients include Pluang, Mandiri Sekuritas and Kalbe Farma.
Work highlights
Assegaf Hamzah & Partners acted for Gojek on its merger with Tokopedia.
The team also assisted The Indonesian Chamber of Commerce and Industry (KADIN) with the implementation of Indonesia's Omnibus Law in the property sector.
Notable practitioners
Ahmad Fikri Assegaf is an established figure in Jakarta's legal market. He is best known for handling notable transactions in the financial services and oil and gas sectors.
Bono Adji is a highly respected M&A lawyer in Jakarta. He has significant expertise in assisting major Indonesian, regional and international corporates with structuring transactions. He is described by market commentators as an active and hands-on partner.
Eko Basyuni handles M&A, foreign direct investment and restructuring deals in Indonesia. His experience spans technology and insurance deals.
Valerie Ngooi Ming Hui is an experienced foreign legal consultant within the Indonesian market, according to market commentators. She represents foreign investors and local clients in acquisitions, sales and joint ventures.
Dispute Resolution
What the team is known for
Assegaf Hamzah & Partners maintains an excellent reputation as a leading law firm in Indonesia for contentious matters, ranging from commercial disputes to competition litigation. Areas of focus include employment, land, transportation, natural resources and mining-related cases. Especially acts for leading domestic corporates, as well as foreign entities. Also active on complex arbitration, frequently appearing in BANI proceedings. Clients further benefit from the firm's membership of the Rajah & Tann Asia network, as well as its other practice area departments in Jakarta, which often work in conjunction with the disputes team. Counts Garuda Indonesia, Tirta Investama and Salam Pacific Indonesia Lines among its clients.
Work highlights
Assegaf Hamzah & Partners represented Vale in a breach of contract lawsuit filed by Lusiana Group Indonesia in the District Court of Palopo.
Notable practitioners
Chandra Hamzah is a co-founder of Assegaf Hamzah & Partners and a respected figure in Indonesia's legal community. He represents Indonesian and international clients in several high-profile matters, including in relation to shipping, broadcasting and anti-corruption.
Eri Hertiawan is a leading lawyer for litigation and arbitration in Indonesia, with expertise in such areas as aviation, natural resources and general contractual disputes. Market sources note that he is "very well connected" in Indonesia and a client highlights his "experience in arbitration" as a key strength.
Employment
What the team is known for
Assegaf Hamzah & Partners is recognised for advising an impressive range of domestic and foreign clients on a variety of employment law issues in Indonesia, including unfair dismissals, health and safety and retrenchment. Additionally offers expertise in immigration matters. Able to draw on the firm's expertise in M&A to advise on transactional employment matters. Clients include Clariant Plastics and Coatings, Tyco Electronics and Veritas Technologies.
Work highlights
Assegaf Hamzah & Partners acted for Clariant Plastics and Coatings Indonesia on negotiations with its labour union, in relation to a dispute over employment transfer implementation arising from a global M&A deal.
Notable practitioners
Ahmad Maulana handles the full range of employment law issues in Indonesia, from representing clients before the Industrial Relations Court to assisting with work permit issues. He is well-versed in resolving termination disputes with employees.
Intellectual Property
What the team is known for
Assegaf Hamzah & Partners is a full-service law firm in Indonesia with an emerging IP practice. Especially well versed in the negotiation of IP licensing agreements, including copyright and trade marks. Also active on trade mark registration and copyright infringement disputes. Able to leverage its strength in dispute resolution to assist clients with IP litigation. Represents global and Indonesian corporates from a range of sectors including TMT, retail, healthcare and banking, as well as individual clients. Clients include Petrokimia Gresik and Sekolah Cikal.
Work highlights
Assegaf Hamzah & Partners advised Sumber Alfaria Trijaya and Midi Utama Indonesia on an appeal before the Supreme Court to defend allegations of copyright infringement by two individual plaintiffs.
Notable practitioners
Dewi Soeharto is well known for her trade mark legal practice in Indonesia. She also advises on copyright and IP licensing agreements and is especially noted for her representation of media companies.
Projects & Energy
What the team is known for
Assegaf Hamzah & Partners is noted for advising some of the region's largest energy and resources companies, as well as government entities and export credit agencies, on legal matters in Indonesia. Proficient in handling project-related transactions, financings and development in the oil and gas, renewable energy and petrochemical spaces, as well as mining, road and telecoms infrastructure developments. Frequently involved in cross-border matters for both lenders and project companies. Also able to handle contentious mandates in the projects and energy sector. Counts Star Energy Geothermal, Penjaminan Infrastruktur Indonesia and Aneka Tambang among its clientele.
Strengths
A client says that Assegaf Hamzah & Partners provides "excellent service and has a good team for supporting clients."
Work highlights
Assegaf Hamzah advised Indonesia Asahan Aluminium on upgrades to the pot technology and supporting facilities for its aluminium smelter in North Sumatra.
Notable practitioners
Kanya Satwika has expertise in Indonesia's oil and gas and power space, including renewable energy, as well as infrastructure projects. She is credited by market sources for handling "lots of energy and projects work."
Tax
What the team is known for
Assegaf Hamzah & Partners has an established legal practice in Indonesia with a strong base in handling tax implications of transactions. Also represents clients in tax disputes regarding VAT. Regularly acts for technology and energy sector clients. Acts for clients in appeals before the Tax Court and the Supreme Court. Sarana Multi Infrastruktur, Bank Mandiri and Rukun Raharja are clients of the team.
Work highlights
Assegaf Hamzah & Partners advised Indonesia Infrastructure Finance on the tax aspects of a bond issuance.
Notable practitioners
Muslimin Damanhuri is the key contact point in Jakarta.
Technology, Media, Telecoms (TMT)
What the team is known for
Assegaf Hamzah & Partners is a well-reputed legal team in Indonesia, routinely instructed by leading telecoms and technology companies on commercial and regulatory mandates. Often advises on cloud, e-commerce, OTT services and data centre mandates. Also demonstrates expertise in data protection and cybersecurity matters. Regularly works alongside its other practice area departments, including in relation to M&A, fundraising and tax issues within the TMT sector. Clients include Genomik Solidaritas Indonesia, Satelit Nusantara Tiga and DigiAsia.
Strengths
Market sources confirm that Assegaf Hamzah & Partners "appears frequently in this space and is respected."
Work highlights
Assegaf Hamzah & Partners acted for Satelit Nusantara Tiga on the development of a very high-throughput satellite to be used by the Indonesian government.
Notable practitioners
Muhammad Iqsan Sirie is a senior associate at Assegaf Hamzah & Partners in Jakarta. He is active on a range of TMT matters, including telecoms regulatory, cloud and OTT matters, as well as transactions.
Zacky Zainal Husein heads the TMT law team at Assegaf Hamzah & Partners in Jakarta. He has strong regulatory expertise across cloud, data protection, cybersecurity and OTT services.