Indonesia Overhauls IPO Regulations

BY Elizabeth Beattie |

Indonesia is shaking up its listing rules as it seeks to attract start-up giants and cultivate a reputation as an IPO hub. The new regulations, which relax a number of curbs and allow firms to go public with multiple classes of shares with different voting rights, are a long time coming, say lawyers.

Indonesia: Ex-HHP disputes head takes up key role at battered Garuda

BY Aparna Sai |

Timur Sukirno, formerly senior partner and head of disputes at Baker McKenzie’s Indonesian member firm, Hadiputranto, Hadinoto & Partners (HHP), has retired from the firm to join troubled flag carrier Garuda Indonesia as president commissioner.

Cooley, W&C act on Indonesian lending platform’s $430 million SPAC listing

BY Aparna Sai |

Cooley has advised Indonesian buy now, pay later platform Kredivo on its parent company FinAccel’s planned $430 million NASDAQ listing via merger with VPC Impact Acquisition, which was represented by White & Case.

Ashurst grows in Jakarta with A&O hire

BY Aparna Sai |

Oentoeng Suria & Partners (OSP), Ashurst’s associate firm in Indonesia, has hired Dion Alfadya as a partner in Jakarta from Ginting & Reksodiputro, which operates in association with Allen & Overy.

Latham, Skadden, R&T act on PropertyGuru’s $431 mln SPAC listing

BY Aparna Sai |

​​​​​​​Latham & Watkins has advised Southeast Asian online realty company PropertyGuru on its planned $431 million New York listing via merger with blank-check firm Bridgetown 2, which was represented by Skadden, Arps, Slate, Meagher & Flom and Rajah & Tann Singapore.

CLOSING SOON: ALB Firms to Watch (Indonesia) 2021

BY Asian Legal Business |

Indonesia has been seeing the rise of some quality smaller law firms that are punching well above their weight in terms of work handled and services delivered.

Unicorn Wave

BY Elizabeth Beattie |

The recently announced Gojek-Tokopedia merger has once again brought Indonesia’s booming tech sector into the headlines. And given the country’s immense potential, this boom is set to continue for some time to come.

Cleary, AHP advising Garuda Indonesia on strategy following default

BY Reuters |

Cleary Gottlieb Steen & Hamilton and Assegaf Hamzah & Partners are advising airline Garuda Indonesia on its strategy after the flag carrier said it could not distribute coupon payments for its $500 million sukuk following a 14-day grace period.

CC acts on Indonesia’s first sustainability-linked bond

BY Aparna Sai |

Clifford Chance has advised the joint bookrunners on PT Japfa Comfeed's $350 million sustainability linked bond (SLB) issuance, Indonesia’s first SLB and the world's first by an agri-food company.

Indonesia Rising Stars 2021

BY Aparna Sai, Asian Legal Business |

Young lawyers in the Indonesian legal community are making their mark in the market. In its third annual list of the ALB Indonesia Rising Stars, Asian Legal Business has listed 24 lawyers who are achieving results for their clients and setting high standards in the Indonesian legal space. The list is in alphabetical order and certain lawyers have been profiled.

Ready for Takeoff

BY Ranajit Dam |

This year promises to be an exciting one for Indonesia’s fintech sector. While it still focuses on two main verticals—electronic payment and peer-to-peer (P2P) lending—the Indonesian fintech sector has grown to cover other verticals, such as aggregators, innovative credit scoring, financial planning, and project financing. Lawyers talk about what’s on the horizon for this booming industry.

In conversation with Erwandi Hendarta –One of ALB’s Top 15 M&A Lawyers in Asia [Brought to you by HHP Law Firm]

BY Asian Legal Business |

It is not surprising that the brightest silver lining has been the increase of digitilization. It opens up many possibilities from doing fintechs to data centers. The impact is that it requires lawyers to be more sophisticated and to have the ability to synthesize things, to see things as interlinked and in holistic ways.