Practice Focus

Corporate & Securities

 

Sub-Practice & Industry

Private M&A, Restructuring, Corporate Governance, State-Owned Enterprises, Power, Energy & Infrastructure, Environment

 

Language

Indonesian & English

Andika Setia Budi

ASSOCIATE

+62 21 5082 0909

andika@umbra.law

Andika Setia Budi is an Associate of UMBRA – Strategic Legal Solutions. He has involved in various research, legal memos drafting, due diligences and transactions mainly related to power, mining, infrastructure, and oil and gas. He also has been a part of the team handling various M&A transactions, general corporate matters and foreign investment.

PROFILE DETAILS

Professional Affiliations

  • Member of the Association of Indonesian Advocates (PERADI)

 

Education

  • University of Indonesia, Bachelor of Laws (Sarjana Hukum) (2015)
  • Erasmus Universiteit Rotterdam, Exchange Semester (2014)

REPRESENTATIVE DEALS

Andika’s experience includes:

 

M&A

  • Representing PT Perusahaan Gas Negara Tbk. in its proposed Rp16.6 trillion acquisition of PT Pertamina Gas (ongoing)
  • Representing a major Indonesian telecommunication company in its proposed acquisition of a major local tech market place company (ongoing)
  • Representing a major listed pharmacy company in its proposed acquisition of four major hospitals in Indonesia (on progress)
  • Advising a Chinese multinational IT investment holding conglomerate company in its investment in a major Indonesian online transportation holding company (2017)
  • Advising foreign investment shipping companies for internal merger (2017)
  • Assisting a major Japanese system integration company related to acquisition of an Indonesian IT services company (2017)
  • Advising a multinational company in relation to its divestment in a plantation company (2016)

 

Power and Infrastructure

  • Representing PT Jasa Marga (Persero) Tbk. in relation to electronic payment scheme restructuring (ongoing)
  • Representing an international developer for proposed acquisition of existing geothermal project (ongoing)
  • Representing PJB and sponsor in the development of 840MW Sumbagut 134 combined cycle gas turbine power project (ongoing)
  • Representing Indonesia Power and sponsor in the development of 2x300MW Jambi-I mine-mouth coal fired power project (ongoing)
  • Representing PJB in the drafting and negotiation of contracts for the development of REMDO system with General Electric for realtime online management of PJB’s power plants (ongoing)
  • Representing PJB services in the drafting and negotiation of US$35 million O&M contract for the operation and maintenance of 2 x 165 MW power plant (ongoing)
  • Representing PJB and sponsor in the development of 2x300MW Sumut-II coal fired power project (ongoing)
  • Representing PJB in the development of 2x100MW Kalselteng mine-mouth power project (ongoing)
  • Representing PT Jasa Marga (Persero) Tbk in relation to divestment and restructuring of toll road companies (ongoing)
  • Representing PJB in the development of 500MW Gas Turbine Mobile Power Plant Projects in several areas in Indonesia (ongoing)
  • Representing a project company in connection to the development and financing of Indonesia’s first high-speed train project connecting Jakarta – Bandung (2015-2017)
  • Assisting a multinational investment company in the development of a wind power project in West Timor (2017)
  • Assisting a multinational water and energy company in relation to its divestment in a major drinking water company (2017)
  • Assisting a foreign investment company in relation to the divestment of its a mining and power companies (2016)
  • Advising and assisting various international clients in relation to development and acquisition of power projects in Indonesia

 

Oil and Gas

  • Representing a listed oil & gas company in its proposed acquisition of another Indonesian gas company (ongoing)
  • Advising PLN in the comparison of gas sales agreements and gas transport agreements in multiple countries (2017)
  • Representing the national gas company of Japan in acquiring a minority stake in downstream gas trading businesses in cooperation with a public gas trading company (2016 – 2017)
  • Assisting a Korean chaebol related to cash call financing of an oil and gas block in Indonesia (2017)

 

Environment

  • Advising a multinational agrochemicals and seeds company in a potential environmental pollution issue (2017)
  • Advising a multinational oil and gas company related to environmental liabilities and remediation (2017)
  • Advising a multinational textile company in an air pollution case (2016)
  • Advising a multinational Indian textile company in environmental criminal litigation (2016)

 

Others

  • Representing a property company in its proposed initial public offering and pre-IPO restructuring program (ongoing)
  • Assisting an American diversified multinational mass media and entertainment conglomerate in acquiring a minority stake in a public listed media company in Indonesia (2017)
  • Advising an American online social media and social networking in relation to content filtering requests from the Indonesian government (2017)
  • Assisting a real estate investment company in acquisition of majority units of an apartment tower in Jakarta (2017)
  • Advising a multinational pharmaceutical company in a commercial dispute (2016)
  • Advising an American multinational health care company in a product liability dispute (2016)
  • Assisting a Malaysian broadcasting and mass media company in a commercial arbitration proceeding (2016)
  • Participating in a regulatory survey commissioned by an American multinational technology company on dawn raids (2016)
  • Drafting general memos based on clients’ queries