IFLR 1000 (2023-2024)

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

Leading Lawyers:
Bono Daru Adji (Highly Regarded) – Capital markets, Banking, M&A
Fikri Assegaf (Market Leader) – Capital markets, Banking, Project finance, M&A
Ibrahim Sjarief Assegaf (Highly Regarded) – Banking, M&A
Intan Paramita (Rising Star Partner) – Capital Markets
Kanya Satwika (Highly Regarded, Women Leaders) – Project development, Project finance, Islamic finance
Putu Suryastuti (Highly Refarded, Women Leaders) – Capital Markets
Mohammad Renaldi Zulkarnain (Highly Regarded) – Capital markets, Islamic finance
Tunnggul Purusa Utomo (Highly Regarded) – Capital markets, Banking, Project finance, M&A
Valerie Ngooi (Notable Practitioner) – M&A
Yanu Wiriasmoko (Notable Practitioner) – Restructuring and insolvency, Banking

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 the banking and financial services, energy, resources, aviation, automotive, retail, media, and technology and telecommunication sectors. 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 Bangkok Bank, China Development Bank, DBS Bank, Haji Financial Management Agency, The Government of the Republic of Indonesia and Abu Dhabi Future Energy Company (Masdar).

Research period review: 33rd edition (2022/2023)  
During the research period, the firm was active in banking, capital markets, M&A, project development and restructuring and insolvency work.  

The banking team was active for a mix of lenders and borrowers on domestic and cross-border financing. It also advised on financial services regulatory matters.

In the capital markets area, the firm advised on debt and equity transactions. On the debt side, it mainly acted for issuers on high-yield bonds, note offerings and rights issues. On the equity side it worked for issuers on IPOs.

In M&A, the firm was mostly active on strategic deals on both buy and sell side. The deals were in the banking and energy sectors. 

Projects highlights include advising the BPLJSKB Proving Ground PPP project, which was expected to be the first international standard proving ground in Indonesia. 

In restructuring and insolvency, the firm acted for creditors and receivers in construction and materials sectors. 

Deal highlights: 33rd edition (2022/2023)  

Bukalapak and Growtheum Capital Partners’ joint venture.

GoTo Gojek Tokopedia’s IPO.

Government of the Republic of Indonesia’s $3.25 billion Sukuk offering.

Satelit Nusantara Lima’s $110 million asset finance.

Sinarmas LDA Usaha Pelabuhan’s $19.25 million acquisition finance.

Client feedback: 33rd edition (2022/2023)  

Capital markets

“Assegaf Hamzah & Partners always provide their excellent deliverables in a timely manner. They deploy an adequate number of lawyers on our project, in which such lawyers are very expert in the respective area and can be reached almost at any time.”

“They provide careful and thoughtful advice.”

M&A

“Very knowledgeable. Very responsive. Provide solution not just outlining regulations.”

Ahmad Fikri Assegaf

“Very responsive and attentive to client's needs.”

Wildan Lukman

“Wildan provides timely response and is easy to access. He has good coverage on the Indonesia legal system and regulation as well as its correlation for the banking industry.”

Putu Suryastuti

“She is conservative and provides solid advice.”

“Very good knowledge to attend client's needs.”

Tunggul Utomo

“Very knowledgeable. Very hard-working.”