Chambers Global (2024)
Capital Market – Band 1
Ranked Lawyers: Ahmad Fikri Assegaf (Senior Statespeople), Bono Adji (Band 1), Intan Paramita (Band 3), Mohammad Renaldi Zulkarnain (Band 3), Putu Suryastuti (Band 2), Tunggul Utomo (Band 3)
What the team is known for
Assegaf Hamzah & Partners offers a full suite of legal services for capital markets, including advising on bond issuances, 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. Merdeka Copper Gold, Indika Energy and Barito Pacific are among the team's clients.
Strengths
"AHP are able to provide appropriate advice not only for current conditions but also for adaptation to future regulatory environments."
"They have strong comprehension of the law and provide solutions while navigating the complexity of the matters."
Work highlights
Assegaf Hamzah & Partners represented the underwriters in the issuance of USD3 billion global bonds by the Government of Indonesia.
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 in bond transactions. "His commitment to going above and beyond the call of duty has consistently resulted in clients obtaining outcomes that exceed expectations."
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. "His proficiency in navigating complexities shines through and he approaches each challenge with a strategic mindset."
Putu Suryastuti acts for issuers and banks on bond issuances and rights issues in Indonesia. She is notably active representing financial institutions and companies in the energy and petrochemical sectors. "She knows every detail in Indonesian capital markets requirements and can provide suggestions that suit our business."
Intan Paramita is an active 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 energy and natural resources.
Mohammad Renaldi Zulkarnain is an active capital markets lawyer in Indonesia whose expertise includes advising government entities on sovereign bonds. He handles both debt and equity issuances. "He is responsive and hands on."
Tunggul Utomo is active on bond, IPO and rights issuances in the Indonesian market, including for companies in the mining sector. He also handles M&A work. "He is a great capital markets lawyer who gets the work done."
Corporate/M&A - Band 1
Ranked Lawyers: Ahmad Fikri Assegaf (Senior Statespeople), Bono Adji (Band 1), Eko Basyuni (Band 3), Mita Kartohadiprodjo (Band 5), Tunggul Utomo (Band 5)
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 department handles deals across a range of sectors, including TMT, pharmaceutical and natural resources. The team's clients include Indika Energy, Kalbe Farma and Astra International.
Strengths
"Assegaf Hamzah & Partners have a very good understanding of how to assist us as the client to complete the transaction smoothly, without jeopardising the progress of negotiations."
"Since we have a long-standing relationship and have done a lot of transactions with them, they know what we want and the level and quality of service is very good."
Work highlights
Assegaf Hamzah & Partners advised Bukalapak and Growtheum Capital Partners on the joint venture agreement, together with CT Corp through Trans Retail Indonesia, to create Allo Fresh Indonesia.
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. "He is top-notch in the industry."
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. "His proficiency in navigating complexities shines through and he approaches each challenge with a strategic mindset."
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 mining, banking and healthcare deals. "He is very cool in negotiations and has achieved every goal."
Mita Kartohadiprodjo earns strong recognition for her active corporate law practice in Indonesia, including advising on acquisitions in the financial services space. "I have been very impressed by her knowledge. Some of our deals are quite complicated in terms of structuring, and I can vouch for her in that sense."
Tunggul Utomo is an active lawyer in Jakarta with expertise in both capital markets and M&A, as well as joint ventures. His deals cover the finance and technology sectors, among others. "He is highly recommended for M&A transactions in Indonesia."
Corporate M&A: Foreign Legal Consultants
Ranked Lawyer: Valerie Ngooi Ming Hui (Band 1)
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.
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 rail infrastructure developments. The firm is frequently involved in cross-border matters for both lenders and project companies. Clients include Penjaminan Infrastruktur Indonesia and Karian Water Services.
Work highlights
Assegaf Hamzah & Partners advised Karian Water Services on the financing and development of the Karian Serpong Regional Water Supply Public Private Partnership Project.
Notable practitioners
Kanya Satwika is well regarded in the market and has expertise in Indonesia's power and petrochemicals space, as well as infrastructure projects. "Kanya is lovely to work with. She is very responsive and the advice is always received in a timely fashion, and is very clear and concise."
Asia Pacific Region - 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.
Notable practitioners
Ahmad Fikri Assegaf and Mohammad Renaldi Zulkarnain are key contacts.