With our long list of infrastructure works, we understand that construction contracts throw up some important issues, particularly in project finance scheme. As each construction project is concerned with a series of interrelated contracts, the complexity of deliverables under those contracts tests them in ways...
We would like to congratulate PT Pertamina EP Cepu (PEPC) for the successful closing of its US$1.85bn financing (arranged by a syndication of 12 major foreign and local banks) for the US$4.6bn Jambaran-Tiung-Biru (JTB) gas field unitization project, which is one of Indonesia Government's national...
Our senior partner, Kirana Sastrawijaya, and our associate Amelia Rohana Sonang recently spoke in the 2019 Environmental and Social Risk Assessment (ESRA) Training Program regarding “Introduction to Renewable Energy Investment and Legal Aspect Considerations” held by the United State Aids for Indonesian Development – Indonesia...
We are proud to announce that UMBRA’s Litigation and Alternative Dispute Resolution department, led by our partners, Melati Siregar and Pramudya A. Oktavinanda has successfully assisted our client in carrying out a cross border multi million-dollar out-of-court settlement process involving a dispute of mineral commodity...
Led by our Partners, Pramudya A. Oktavinanda and Ahmad Zakaria, and Associate, Paula Aprijanto, UMBRA recently acted as the issuer counsel for PT.Pertamina (Persero) in its successful issuance of USD1.5 billion global bonds which will be used to support the company's capital expenditure budget. Hailed...
As part of our clients' strategic training program, UMBRA recently held a workshop for the senior management members of PT Indonesia Power and its subsidiaries on “The Implementation of Business Judgment Rule for State-Owned Enterprises and Subsidiaries.” Due to the unique nature of SoEs, being...
On 17 July 2019, our senior partners, Pramudya A. Oktavinandaand Reggy Firmansyah spoke in the 3rd Mining Legal Conference 2019 on structuring foreign ownership in Indonesian mining companies through capital market and issues arising from the conversion of Coal Contract of Work (‘’CCoW’’) into Special...
Our client alert regarding Quota Transfer of Coal Domestic Market Obligation was recently featured in Coal Asia Magazine Vol. 96 (November 25-December 20, 2018). ...
Closing a major deal is one of the best ways to close a successful year. On 28 December 2018, PGN completed the US$1.35 billion (equivalent to Rp20 trillion) acquisition of 51% shares of PT Pertamina Gas (Pertagas) from PT Pertamina (Persero), signifying the completion of...
On 26 October 2018, our Senior Partner, Ahmad Zakaria, moderated a seminar entitled "State-Owned Enterprises’ Assets from Public Finance Perspective" hosted by Faculty of Law University of Indonesia....