Chambers Global (2023)
Capital Market – Band 1
Ranked Lawyers: Ahmad Fikri Assegaf (Eminent Practitioners), Bono Adji (Band 1), Intan Paramita (Up and Coming), Mohammad Renaldi Zulkarnain (Up and Coming), Putu Suryastuti (Band 2)
What the team is known for
Assegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on convertible bonds, IPOs and private placements in Indonesia. Additionally the team is adept at advising on Shari'a-compliant sovereign debt issuances. The group is particularly active for issuers, advising several of Indonesia's largest corporates in the energy, mining and TMT sectors. The firm also represents government entities and financial institutions in capital markets transactions. Medco Power, GoTo and Bukalapak are among the team's clients.
Strengths
Their understanding of the matters is good, and they are able to provide solutions to the problem."
"Assegaf Hamzah & Partners is a solid firm and a reliable name in the market."
Work highlights
Assegaf Hamzah & Partners acted for Medco Energi on the issuance of a 144A/Reg S USD400 million bond with a 6.95% coupon.
Notable practitioners
Putu Suryastuti acts for issuers and banks on bond issuances and rights issues in Indonesia, and is notably active representing financial institutions in their capital-raising activities. "Putu is very good at her work. She is a capital markets expert who provides excellent service and is always approachable." "Putu has a good understanding and experience of capital markets issues."
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 in bond transactions. "His experience enables him to provide alternative solutions to clients."
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.
Intan Paramita is an emerging name in Indonesia's capital markets legal space, often advising leading corporates on bond and rights issues, as well as IPOs. Her deals cover a range of sectors, including TMT, energy and natural resources.
Mohammad Renaldi Zulkarnain is an up-and-coming capital markets lawyer in Indonesia whose expertise includes advising government entities on sovereign bonds. He handles both debt and equity issuances.
Corporate/M&A - Band 1
Ranked Lawyers: Ahmad Fikri Assegaf (Eminent Practitioners), Bono Adji (Band 1), Eko Basyuni (Band 3), Valerie Ngooi Ming Hui (Band 2 - Foreign Legal Consultants)
What the team is known for
Assegaf Hamzah & Partners has a market-leading corporate law practice in Jakarta, active on some of the largest and most complex M&A transactions in the region. The corporate team advises major Indonesian clients and prominent international companies on joint ventures, foreign direct investment and private equity. The firm is also valued for its work in real estate, particularly on development deals and lease agreements. The real estate team regularly handles acquisitions pertaining to industrial and retail properties. The team's clients include Supreme Energy, Alim Investindo and Pelabuhan Indonesia Maspion.
Strengths
"AHP has the manpower capacity to conduct large transactions and is capable due to having highly regarded individuals who are experts in the industry."
"They are always responsive and able to meet tight deadlines."
Work highlights
Assegaf Hamzah & Partners acted for Haji Financial Management Agency on its acquisition of Bank Muamalat Indonesia.
The team also assisted Petrokimia Gresik with assessing and formulating a mechanism to manage its land and building assets.
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.
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.
Eko Basyuni handles M&A, foreign direct investment and restructuring deals in Indonesia. His experience spans technology, banking and healthcare deals.
Projects & Energy - Band 2
Ranked Lawyer: Kanya Satwika (Band 2)
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. The team is 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 port infrastructure developments. The firm is frequently involved in cross-border matters for both lenders and project companies. Clients include Aneka Tambang, Indonesia Asahan Aluminium and Penjaminan Infrastruktur Indonesia.
Strengths
"The team is very knowledgeable on the legal aspects of our issues and is able to give easy to understand explanations to non-legal experts."
"Assegaf Hamzah & Partners is very commercially minded and delivers high-quality work."
Work highlights
Assegaf Hamzah & Partners advised Aneka Tambang on the structuring, development and procurement of the Haltim Feni Power Plant in East Halmahera.
Notable practitioners
Kanya Satwika has expertise in Indonesia's oil and gas and power space, including renewable energy, as well as infrastructure projects. "Kanya is an excellent communicator who is very responsive and extremely capable."
Asia Pacific - Islamic Finance - Band 3
What the team is known for
Leading Indonesian corporate law firm Assegaf Hamzah & Partners has a strong focus on DCM, regularly representing issuers in sukuk deals. The team is also well versed in Shari’a-compliant banking regulations. Its clients include CIMB and Dubai Islamic Bank.
Work highlights
Assegaf Hamzah & Partners advised the joint lead managers, including CIMB Investment Bank, on a USD3.25 billion sukuk issuance by the Republic of Indonesia.
Notable practitioners
Ahmad Fikri Assegaf and Mohammad Renaldi Zulkarnain are key contacts.