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...