IFLR 1000 (2022)

Banking - Tier 1
Project finance - Tier 1
Capital markets : Debt - Tier 1
Mergers and acquisitions - Tier 1
Capital markets : Equity - Tier 1
Project development - Tier 2
Restructuring and insolvency - Tier 1

Leading lawyers:
Astrid Widyakartika Handaka (Rising Star) - Capital markets, M&A
Bono Daru Adji (Highly Regarded) - Banking, Capital markets, Energy and infrastructure, M&A
Fikri Assegaf (Market Leader) - Banking, Capital markets, Energy and infrastructure, M&A, Project finance
Ibrahim Sjarief Assegaf (Highly Regarded) - Banking, M&A
Kanya Satwika (Highly Regarded) - Islamic finance, Project development, Project finance
Mohammad Renaldi Zulkarnain (Highly Regarded) - Capital markets, Islamic finance
Tunggul Utomo (Notable Practitioner) - Banking, Capital markets, M&A, Project finance
Yanu Wiriasmoko (Notable practitioner) - Banking, Restructuring and insolvency

Founded in 2001, Assegaf Hamzah & Partners has established itself as one of the leading firms in the Indonesian legal market. The firm is headquartered in South Jakarta and has extended its presence throughout the region with its membership of the Rajah & Tann Asia network

Focusses / specialisms

The firm excels in banking and finance, capital markets, M&A, and restructuring and insolvency work and has a formidable projects practice. In addition to advising across a spectrum of traditional capital markets and banking and finance transactions, the firm has a special focus on the fintech sector and Shariah-compliant investment and financing transactions.

In M&A the firm has experience across banking and financial services, energy, resources, aviation, automotive, retail, media, and technology and telecommunication. The firm also has a strong track record in representing private equity investors.

The projects team has significant experience in matters such as PPPs, production sharing agreements, power purchase agreements, oil and gas supply agreements and oil and gas supply agreements.

Key clients

The firm’s extensive client list includes Asian Development Bank, DBS, ABN Amro, CIMB, MUFG Bank, IFC, Export-Import Bank of Korea, General Atlantic, XiaoMi and HSBC Bank.

Research period review: 31st edition (2020/2021)

A significant banking mandate saw the firm act for the project company in the financing of Indonesia’s first and Southeast Asia’s largest floating solar power plant.

The capital markets team notably advised the managers on the first-ever sovereign guaranteed global notes issue by an Indonesian SOE and also assisted the co-issuers on the first investment-grade green project bond issued by the private sector in the jurisdiction. On the equity front, the firm was busy with mandates such as rights issues, buybacks and IPOs.

The corporate team advised on Indonesia’s first merger between a conventional bank and a sharia bank.

Projects highlights include advising a state-owned enterprise on the high-value development of the Patimban Deep Sea Port.

An eye-catching restructuring mandate saw the firm act for a special mission vehicle in an investment under the National Economy Recovery Program.

Deal highlights: 31st edition (2020/2021)

  • Bank Interim Indonesia / Bank BCA Syariah merger
  • Bekasi – Cawang – Kampung Melayu toll road
  • Cirata 145MW floating solar photovoltaic power plant
  • Gojek acquisition of Moka Teknologi Indonesia
  • Nirvana Wastu Pratama $107.6 million acquisition of retail assets
  • Patimban Deep Sea Port
  • Satellite of Republic of Indonesia

Client feedback: 31st edition (2020/2021)

Capital markets
"AHP give assurance and clear explanation about the regulation, and guide the company to meet its future plan."

"The team provided a very hands-on and engaging service."

"Their understanding on capital market law and practice."

"They provide diversified services. We have engaged several services from M&A, litigation and capital market. We are happy with their services because they are knowledgeable in each area. The latest service for capital market, they have in-depth knowledge on the capital market regulation. They helped us prepare for listing. And we managed on-time listing, though it was an aggressive timetable."

"Responsiveness, diligence and expertise."

"Their advice has been very well-rounded. They also communicate very well, which is important. So often we get advice that is pure legal advice, but they deliver it well and include commercial aspects that could be taken by the management easily."

"They are really hands-on and very helpful in the whole process. Also giving the best legal advice on a win-win basis."

"Transaction documents were drafted in very good quality. In addition, due to the five simultaneous asset acquisitions, the firm ensured that they distributed more than enough lawyers for the said work, including their 'A' team. However, we had to specifically request this from the firm."

Bono Daru Adji
"He is really attentive to our needs, also tries to comes up with possible solutions that are win-win."

Eko Basyuni
"Eko provided the company with much-needed assistance on resolving our dispute settlement case. Prior to that, Eko and his team had assisted the company in providing our team with general legal corporate advice and contractual review."

Christofer Chandra Indra
"Fast response and give clear explanation. Helpful."

Mita Kartohadiprodjo
"We are very impressed with her ability to engage well both with us as client and with counterparts. She also delivers issues and advises very well."

Intan Paramita
"Fast response, innovative approach, understanding on regulatory framework."

Inda Nur Arifiani Ranadireksa
"Fast response and give clear explanation. Helpful."

Tunggul Purusa Utomo
"He knows capital market regulation well. Very responsive and has problem-solver attitude. "

"Tunggul is a very knowledgeable and customer-oriented lawyer who has helped and is continuing to help our company in navigating compliance requirements. He provided numerous innovative and business-friendly solutions to meet the needs of the company."

Indira Yustikania
"Problem-solving. Responsiveness."

Mohammad Renaldi Zulkarnain
"Client management."