Our Senior Partner, Ahmad Zakaria, and associate Paula Aprijanto recently spoke in the Socialization of the National Defense and High Technology Industries State-Owned Enterprises Holding Company (NDHI Holding Co) for the employees of PT Pindad (Persero), PT Industri Nuklir Indonesia (Persero), PT Dahana (Persero), and...
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...
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...
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...
The Financial Services Authority (Otoritas Jasa Keuangan - OJK) issued OJK Regulation No. 37/POJK.04/2018 on Equity Crowdfunding (“OJK Regulation No. 37/2018”) on 31 December 2018. OJK has also held a socialization event regarding OJK Regulation No. 37/2018 on 29 January 2019 (“Socialization”). Backgrounds The rapid growth of...