Deals

September 25, 2025 In Deals

Successfully Representing a State-Owned Enterprise in a Pension Insurance Restructuring Dispute Valued at Over US$100 Million

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]We are delighted to share another significant achievement of UMBRA’s Litigation & Alternative Dispute Resolution Team — this time in successfully representing a prominent Indonesian state-owned enterprise (SOE) in a high-stakes litigation brought by a foundation established...

June 17, 2025 In Deals

CBL Forms Strategic JV with ANTAM to Develop HPAL Facility in Indonesia

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Warm congratulations to our client, Hong Kong CBL Limited (CBL), a member of the world’s largest electric vehicle battery manufacturer group, on the successful formation of its joint venture with PT Aneka Tambang Tbk (ANTAM), named PT...

June 3, 2025 In Deals

Annual General Meetings of Shareholders (AGMS)

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Ahmad Zakaria, our Head of Securities and Corporate Compliance Group, recently attended a series of General Meetings of Shareholders (GMS)—both Annual (AGMS) and Extraordinary (EGMS)—as a legal counsel for several prominent companies, including PT Telkom Indonesia (Persero)...

March 3, 2025 In Deals

50 MWac Kalseltengtimra Solar Power Plant with a 14.2 MWh Battery Energy Storage System (BESS) in Ibu Kota Nusantara (IKN)

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Congratulations to PT PLN (Persero), Sembcorp Industries Ltd, and PT PLN Nusantara Renewables on achieving financial close for the 50 MWac Kalseltengtimra Solar Power Plant with a 14.2 MWh Battery Energy Storage System (BESS) being developed in...

January 28, 2025 In Deals

USD 60 Million Funding for AwanTunai Expand MSME Financing in Indonesia

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]AwanTunai, an Indonesian fintech company, has successfully raised up to USD 60 million in funding from a consortium of investors arranged by Accial Capital, including Accial Capital Fund, Variant Alternative Income Fund, Developing World Markets (DWM), responsAbility,...

November 12, 2024 In Deals

The Initial Public Offering (IPO) of PT Daaz Bara Lestari Tbk (DAAZ) on the Indonesian Stock Exchange. The IPO reached a market cap of approximately IDR 1.7 trillion

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]We extend our heartfelt congratulations to our client, PT Daaz Bara Lestari Tbk (DAAZ), one of Indonesia's leading commodities trading companies, on the outstanding success of its Initial Public Offering (IPO) on the Indonesian Stock Exchange! Achieving...

October 18, 2024 In Deals

Strategic Alliance Between CBL International and PT Industri Baterai Indonesia Marks a Major Milestone in Indonesia’s Battery Industry

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Our sincere congratulations to our client, CBL International Development Pte Ltd (CBL), the world’s largest electric vehicle battery company, for entering its strategic cooperation with PT Industri Baterai Indonesia through the signing of the Interim Agreement and...

September 19, 2024 In Deals

Global Bond issuance in USD amounting to 1.8 Billion and Sustainable Development Goals (SDG) Global Bond in EUR amounting 750 Million

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Led by our Head of the Securities and Corporate Compliance Practice Group, Ahmad Zakaria, and supported by associate Aldi Yuransa, we are thrilled to announce our successful role in advising Citigroup, Credit Agricole Corporate and Investment Bank,...

August 19, 2024 In Deals

Signing of Letter of Intent for Karangkates Floating PV Power Plant 100 MW between PT PLN (Persero) and Consortium of PT PLN Nusantara Renewables GD Power Hong Kong

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]Congratulations to PT PLN Nusantara Renewables and GD Power Hong Kong for the signing of the Letter of Intent (LOI) for development of 100 MW Karangkates Floating Solar Power Plant in Karangkates, East Java, Indonesia with PT...

August 14, 2024 In Deals

Signing of Power Purchase Agreement for Saguling Floating PV Power Plant 60 MW Between PT PLN (Persero) and PT Indo ACWA Tenaga Saguling

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" background_animation="none" css_animation=""][vc_column width="5/6"][vc_column_text css=""]We’re thrilled to extend our congratulations to our clients ACWA Power and PLN Indonesia Power, and to PT PLN (Persero), on the signing of the highly-anticipated Power Purchase Agreement for the development of the 60 MWac Floating...