Putu Raditya Nugraha is the fintech, technology and financial services expert in UMBRA – Strategic Legal Solutions, having represented unicorns, major technology companies, multinational financial institutions in some of the largest cross- border transactions in Indonesia covering M&A of fintech, digital industry and financial institutions.

His academic training and experience in international tax structuring and expertise in Indonesian contract law allows him to provide cross- disciplinary perspective in dealing with complex M&A transactions. Additionally, being a seasoned practitioner in heavily regulated industries, Putu fully understands that transactions cannot be separated from their regulatory compliance aspects. Integrating creative solutions with sensitivity to regulatory curbs is one of his best skills.

Putu Raditya Nugraha, SH, Adv LLM

Senior Partner
+62 21 5082 0999

raditya@umbra.law

Practice Focus

Banking & Finance, Technology, M&A

 

Sub-Practice & Industry

Fintech, Financial Institutions, Restructuring, Corporate Finance, Project Finance, Regulatory Compliance, Derivatives & Structured Financial Products, Real Estate, Estate Planning, International Tax

 

Language

Indonesian & English

Professional Affiliations

  • Member of the Association of Indonesian Advocates (PERADI).

 

Education

  • Faculty of Law, University of Indonesia, Bachelor of Laws (LLB) (2005).
  • Leiden University, Master of Advanced Studies in International Tax Law (Adv. LLM) (2008).

 

Awards & Accolades

  • “Distinguished Practitioner in Corporate and M&A practice areas” in Asialaw Leading Lawyer 2020.

Financing Transaction and Restructuring

  • Representing PT Pertamina EP Cepu (PEPC) in the US$1.85 billion project financing for the Development of Jambaran – Tiung Biru Unitized Field Gas Project, one of the largest project financing transactions closed in 2019. This is one of the Indonesian Government’s national strategic projects and the first of its kind hybrid conventional and Shari’a project financing using a Trustee Borrowing Scheme. Nominated for “ALB Project Finance Deal of the Year” (2019) “Asia-Pacific Oil and Gas Deal of the Year award in the 2019 Project Finance International (PFI) Awards”
  • Representing PT Sarana Multi Infrastruktur (Persero) in its 10MW Dieng geothermal project financing which is part of the 400MW Dieng geothermal project. This historical deal is in support of Indonesia’s government strategic plan to increase renewable energy of 23% in 2025 energy mix use and Indonesia’s Sustainable Development Goals (2019).
  • Representing Indonesia Eximbank, PT Sarana Multi Infrastruktur (Persero), PT Indonesia Infrastructure Finance, Standard Chartered Bank Jakarta Branch, PT Bank Mandiri (Persero) Tbk Singapore Branch, PT Bank Commonwealth, OCBC Ltd, Standard Chartered Bank Singapore Branch, General Electric International (Benelux) B.V., Banca Monte dei Paschi di Siena S.p.A. Hong Kong Branch, Taiwan Cooperative Bank, Mega International Commercial Bank, Federated Project and Trade Finance, Yuanta Commercial Bank Co. Ltd. Offshore Banking Branch and Chailease International Financial Services Co. Ltd. as syndication lenders in the restructuring of USD222,000,000 Facilities Agreement with PT Maxpower Indonesia (formerly known as PT Navigat Energy) and Navigat Energy Pte. Ltd as borrowers (2019).
  • Representing PT Citra Multi Energi as borrower in a USD20 million bilateral facility for the financing of 10MW mini hydro power plant project in North Sumatera. This project is one of renewable projects in Indonesia with support from the Joint Crediting Mechanism provided by the government of Japan which encourages cooperation between Japanese and Indonesian institutions to promote implementation of low carbon development activities in Indonesia (2019).
  • Representing PT Wanatiara Persada, a foreign-owned Indonesian company in its financing of RMB 1.7 billion and USD 150 million (equivalent to IDR 5.7 trillion) facility from The Export-Import Bank of China (2018).
  • Representing PT Telekomunikasi Indonesia International as the borrower in a USD90 million term loan syndication deal, with PT Bank Mandiri (Persero) Tbk. and PT Bank Sumitomo Mitsui Indonesia acting as Mandated Lead Arrangers (2018).
  • Representing PT Wanatiara Persada, an Indonesian project company, in its RMB1,7 billion and USD150 million financing from the Export-Import Bank of China for the development of its nickel ore processing and refining factory (2018).
  • Representing a subsidiary of PT Indonesia Power and Golden Concord Ltd, PT GCL Indo Tenaga, in the financing of 2x100MW Kalbar-1 coal-fired power plant project, a project financed by China Construction Bank and backed by China Export & Credit Insurance Corporation (Sinosure) (2018).
  • Representing PT Bank Mandiri (Persero) Tbk. as the Agent in the amendment and restatement of IDR 1,065,000,000,000 and US$15,000,000 syndication financing for PT Trikomsel Oke Tbk (2014).
  • Representing PT Medco Natuna Pte. Ltd. and PT Medco Energi Internasional Tbk in the USD230,000,000 financing from syndicated lenders arranged by PT Bank Mandiri (Persero) Tbk. (2016).
  • Representing PT Medco E&P Tomori Sulawesi as the borrower in the USD200,000,000 senior secured term financing from syndicated lenders arranged by PT Bank ANZ Indonesia, PT Bank DBS Indonesia, PT Bank Mandiri (Persero) Tbk., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (2015).
  • Representing Citigroup Global Markets Singapore Pte. Ltd., Australia and New Zealand Banking Group Limited, PT Bank Central Asia Tbk., PT Bank CIMB Niaga Tbk., PT Bank DBS Indonesia, DBS Bank Ltd., PT Bank Mandiri (Persero) Tbk. and Sumitomo Mitsui Banking Corporation and the other finance parties in the US$100,000,000 and IDR3,000,000,000,000 syndication financing for PT Charoen Pokphand Indonesia Tbk (2015).
  • Representing (i) Citigroup Global Markets Singapore Pte. Ltd. and Citibank, N.A., Jakarta Branch, PT Bank Central Asia Tbk., DBS Bank Ltd. and PT Bank Mandiri (Persero) Tbk. as mandated lead arrangers and book runners, (ii) Citicorp International Limited as agent of the finance parties (other than itself) and (iii) the financial institutions listed in schedule 1 of the facilities agreement as the original lenders in connection with the US$150,000,000 and IDR900,000,000,000 financing for PT Charoen Pokphand Indonesia Tbk (2013).
  • Representing PT Greenland Rajawali Utama as the borrower in the USD96,000,000 and IDR622,592,000,000 Credit Facility from syndicated lenders arranged by PT Bank Mandiri (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank UOB Indonesia, United Overseas Bank Limited, and Standard Chartered Bank (Jakarta Branch and Singapore Branch).
  • Representing PT Medco E&P Malaka as the borrower in the USD360,000,000 senior secured term financing from syndicated lenders arranged by Australia And New Zealand Banking Group Limited, ING Bank N.V., Singapore Branch and Societe Generale, Singapore Branch (2017).
  • Representing the mezzanine lender in the USD32,500,000 mezzanine term financing for Prime Natuna Energy Pte. Ltd (2017).
  • Representing the syndicated lenders in the US$300,000,000 term financing for PT Astra Sedaya Finance (2017).
  • Representing PT UPC Renewables in the financing of Sidrap 70MW wind farm in Sulawesi (2017).
  • Representing the lenders in the JPY7,500,000,000 financing for PT Oto Multiartha (2017).
  • Representing the lenders in the USD29,000,000 and IDR207,000,000,000 financing for PT Mustika Alam Lestari and PT Perusahaan Bongkar Muat Adipurusa, guaranteed by PT Nusantara Pelabuhan Handal Tbk. and PT Episenta Utama Investasi (2017).
  • Representing LG International and Titan Multi Power in the development and financing of the Hasang 3x13MW run-of-river hydro power project in North Sumatra, Indonesia (2016).
  • Representing the syndicated lenders in the US$200,000,000 term financing for PT Astra Sedaya Finance (2016).
  • Representing Standard Chartered Bank in the USD10,000,000 syndication financing for PT Mega Auto Finance (2016).
  • Representing Standard Chartered Bank in the USD28,500,000 syndication financing for PT Mega Central Finance (2016).
  • Representing BRI as a borrower in the USD1 billion bilateral credit facility from China Development Bank Corporation (2015).
  • Representing the Korea Development Bank as an arranger in the EUR200,000,000 guaranteed senior notes due 2020 issuance by PT Cheil Jedang Indonesia (2015).
  • Representing one of Japan’s largest trading companies in the acquisition finance of Boeing 737-800 aircraft and subsequent lease transaction (2015).
  • Representing the syndicated lenders in the US$50,000,000 senior secured term financing for PT BFI Finance Indonesia Tbk (2015).
  • Representing Standard Chartered Bank in the USD20,000,000 financing for PT Kawasan Industri Kendal (2015).
  • Representing the underwriters in Jababeka International B.V. USD
  • 190,000,000 7.50% Guaranteed Senior Notes due 2019 unconditionally and irrevocably guaranteed by PT Kawasan Industri Jababeka Tbk and certain of its subsidiaries (2014).
  • Advising PT Mass Rapid Transit Jakarta in relation to financing of the Jakarta mass rapid transit project (2014).
  • Representing Sumitomo Mitsui Banking Corporation, BNP Paribas, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank, PT Bank Mandiri (Persero) Tbk, Singapore Branch, Mizuho Bank, Ltd., Oversea-Chinese Banking Corporation Limited and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and other finance parties in the US$200,000,000 syndication financing for PT Federal International Finance (2014).
  • Representing the Indonesian guarantor in Emeco Pty Limited issuance of US$335,000,000 9.875% Secured Senior Notes due 2019 (2014).
  • Representing DBS Bank Ltd in the USD100,000,000 financing to PT Adira Dinamika Multi Finance Tbk (2014).
  • Representing Standard Chartered Bank in the USD20,864,074.54 and IDR210,000,000,000 financing for PT Cardig Aero Services Tbk and PT Cipta Anugrah Sarana Catering (2014).
  • Representing the syndicated lenders in the US$75,000,000 financing for PT BFI Finance Indonesia Tbk (2014).
  • Representing the syndicated lenders in the US$75,000,000 financing for PT BFI Finance Indonesia Tbk (2013).
  • Representing Oversea-Chinese Banking Corporation Limited as the lender in the US$40,000,000 financing for PT Mardhika Artha Upaya (2013).
  • Representing the syndicated lenders in the USD400,000,000 financing for PT Federal International Finance (2013).
  • Representing Standard Chartered Bank, Jakarta Branch in the US$80,000,000 syndicated loan made between, among others, (1) PT BFI Finance Indonesia Tbk., as borrower, (2) Standard Chartered Bank, Jakarta Branch as mandated lead arranger, (3) Standard Chartered Bank (Hong Kong) Limited, as agent of the Finance Parties and (4) Standard Chartered Bank, Jakarta Branch, as security agent for the Finance Parties (2013).
  • Representing the conventional and Islamic lenders in the US$80,500,000 syndicated loan facilities and US$69,231,000 Murabahah financing for PT Media Karya Sentosa (2013).
  • Representing Standard Chartered Bank and the other finance parties in the US$80,000,000 syndication financing for PT BFI Finance Indonesia Tbk (2013).
  • Representing PT Berlian Laju Tanker, the world’s third-largest chemical shipper, in its US$1.2 billion debt restructuring process (2012).
  • Representing the coordinating bank and the agent, in the US$120 million syndication facilities agreement made among others by (1) PT Garuda Indonesia (Persero) Tbk. as borrower; (2) (i) Citigroup Global Markets Singapore Pte. Ltd., (ii) PT Bank Panin Tbk, (iii) PT Bank ICBC Indonesia, (iv) First Gulf Bank PJSC, Singapore Branch, (v) Korea Development Bank, (vi) KDB Asia Limited, and (vii) Standard Chartered Bank, Jakarta Branch as mandated lead arrangers and book runners; (3) Bank of China Limited, Jakarta Branch as lead arranger; (4) Citigroup Global Markets Singapore Pte. Ltd as coordinating bank, and (5) PT Bank ICBC Indonesia as the security agent (2012).
  • Representing Her Britannic Majesty’s Secretary of State acting through the Export Credits Guarantee Department (“ECGD”) in relation to the USD 5,948,900.35 export credit facility agreement made among (i) the Republic of Indonesia acting by and through its Ministry of Finance duly represented by the Director General of Debt Management as the borrower, (ii) Deutsche Bank AG, London Branch as the banker and (iii) ECGD as lender (2012).
  • Representing ECGD in relation to the USD4,605,000 Export Credit Facility Agreement made among (i) the Republic of Indonesia as the borrower, (ii) BNP Paribas as the banker and (iii) ECGD as lender (2012).
  • Representing PT Bakrie Sumatra Plantations Tbk. as a borrower in its USD237.5 million of new, two tranche secured financing (2012).
  • Advising and representing (i) Standard Chartered Bank, (ii) PT ANZ Panin Bank, (iii) Oversea-Chinese Banking Corporation Limited, (iv) The Royal Bank of Scotland N.V., Singapore Branch and (v) PT Bank OCBC NISP Tbk. in the USD115 million financing for PT Cipta Kridatama, a subsidiary of PT Trakindo Utama, a company which focusing on mining contractor services (2011).

 

Bank and Financial Institutions M&A

  • Representing Mitsubishi UFJ Financial Group (MUFG) in the acquisition of a 73.8 percent stake of Bank Danamon. “ALB M&A Deal of the Year 2018” (2017).
  • Representing The Hong Kong and Shanghai Banking Corporation (“HSBC”), Indonesia branch, in its integration with PT Bank Ekonomi Raharja Tbk, which is owned by HSBC’s UK-based subsidiary, HSBC Asia Pacific Holdings (UK) Limited (HAPH). This is the first “merger” to be done in Indonesia between a branch of a foreign bank with an Indonesian banking corporation “Nominated ALB M&A Deal of the Year 2017” (2017).
  • Representing Cathay Financial Holdings Co Ltd, an integrated financial services company based in Taipei, in its acquisition of
  • 40% shares of PT Bank Mayapada International Tbk. This deal represents another acquisition of a major bank in Indonesia by a Taiwanese financial institution under PBI No. 14/8/PBI/2012 regarding Banks’ Ownership under which no party may own more than a 40% shareholding in a bank (2015).
  • Representing PT Bank Rakyat Indonesia (Persero) Tbk. (“BRI”) in the IDR1,626,642,875,000 acquisition of 91,001% shares of PT Asuransi Jiwa Bringin Jiwa Sejahtera from Dana Pensiun Bank Rakyat Indonesia (2015).
  • Representing PT Bank Himpunan Saudara 1906 Tbk in its legal merger with PT Bank Woori Indonesia. Woori Bank Korea would be the first financial institution in Indonesia that will be allowed to exceed the 40% limit after the issuance of regulation on Limitations of Ownership in Banks (2014).
  • Representing PT Creador Kapital in its acquisition of 25% shares in PT Bank Index Selindo (2013).
  • Representing DBS Group Holdings Ltd in the proposed SGD6.2 billion acquisition of majority stake in PT Bank Danamon Indonesia Tbk (2012).

 

Financial Institutions Establishment and Regulatory Compliance

  • Representing a Japanese multinational corporation investor in the structuring, business acquisition and establishment of PT Takari Kokoh Sejahtera, a joint venture finance company in the car lease business (2013).
  • Representing a multinational life insurance, pensions and asset management company in establishing PT Aegon Direct Insurance Broker Indonesia, a joint venture insurance broker company (2013).
  • Representing a foreign investor in establishing PT Home Credit Indonesia, a joint venture finance company in the consumer finance industry (2012).
  • Advising numerous local finance companies which are subsidiaries of major multinational corporations in their regulatory compliance issues (2012-2017).

 

Technology

  • Representing an online travel company in the structuring and acquisition process to allow the company to operate e-money license and QR code payments products (2018).
  • Assisting an e-money issuer in obtaining its e-money license under the new Bank Indonesia regulation on e-money (PBI 20/6/PBI/2018).
  • Representing a technology company in the acquisition of companies operating in the logistics sector (2018).
  • Representing a technology company in the acquisition of a peer- to-peer lending company in Indonesia (2018).
  • Representing a leading technology company in a proposed joint venture agreement in transportation sector to expand its business in Indonesia (2018).
  • Advising on personal data protection regulatory matters for several multinational banks and multinational technology companies (2013-2017).
  • Advising on electronic payment regulatory matters and gift card issuance for major multinational technology companies (2014-2017).
  • Advising on wide ranges of regulatory for mobile application (2016-2017).
  • Advising an American payment gateway operator on establishing business in Indonesia (2016-2017).
  • Advising one of the most popular multinational messaging enterprises on a wide spectrum of Indonesian financial technology and anti-money laundering matters (2015-2017).
  • Advising multinational fund transfer operators on cooperation arrangements for cross-border remittance services (2015-2017).
  • Advising a multinational ride-hailing enterprise on payment system product and regulatory compliance (2015-2017).
  • Advising multinational technology companies on regulatory compliance for stored-value instruments (2015-2017).
  • Advising various multinational financial institutions on data protection, anti-money laundering and e-KYC matters (2015-2017).
  • Advising multinational financial institutions on structuring cutting-edge and unregulated payment system products (2015-2017).

 

Sale and Purchase of Receivables/NPL

  • Representing an American private equity group in the purchase of micro loan business arms of PT Bank CIMB Niaga Tbk (2017).
  • Representing an Indonesian bank seller in the sale of receivables to an offshore bank (2017).

 

Real Estate

  • Representing an Indonesian conglomerates group in the sale of Graha Unilever Bulding to Union Sampoerna (2017).
  • Representing PT Greenland Rajawali Utama, a company within the Indonesian conglomerate of Rajawali Group, in the en-bloc sale of a 47-storey international Grade A office tower to an affiliate of Government of Singapore Investment Corporation (Realty) Pte Ltd (2014).
  • Representing PT Grand Indonesia as the lessor in the “build-to- suit” lease of Menara BCA, which is one of Jakarta’s iconic premium-grade office buildings part of Grand Indonesia, to PT Bank Central Asia Tbk. (2006).
  • Representing PT Surya Citra Televisi as the lessee in the “build- to-suit” lease of Senayan City Office Tower, a 22-storey building part of Senayan City (2006).
  • Lecturer in Gajah Mada University, International Program (Civil Law and Legal Writing) (2013-2015).
  • Lecturer in University of Indonesia (Legal Aspects in Economic Transaction) (2014-2017).
ABOUT

Putu Raditya Nugraha is the fintech, technology and financial services expert in UMBRA – Strategic Legal Solutions, having represented unicorns, major technology companies, multinational financial institutions in some of the largest cross- border transactions in Indonesia covering M&A of fintech, digital industry and financial institutions.

His academic training and experience in international tax structuring and expertise in Indonesian contract law allows him to provide cross- disciplinary perspective in dealing with complex M&A transactions. Additionally, being a seasoned practitioner in heavily regulated industries, Putu fully understands that transactions cannot be separated from their regulatory compliance aspects. Integrating creative solutions with sensitivity to regulatory curbs is one of his best skills.

Putu Raditya Nugraha, SH, Adv LLM

Senior Partner
+62 21 5082 0999

raditya@umbra.law

Practice Focus

Banking & Finance, Technology, M&A

 

Sub-Practice & Industry

Fintech, Financial Institutions, Restructuring, Corporate Finance, Project Finance, Regulatory Compliance, Derivatives & Structured Financial Products, Real Estate, Estate Planning, International Tax

 

Language

Indonesian & English

PROFILE DETAILS

Professional Affiliations

  • Member of the Association of Indonesian Advocates (PERADI).

 

Education

  • Faculty of Law, University of Indonesia, Bachelor of Laws (LLB) (2005).
  • Leiden University, Master of Advanced Studies in International Tax Law (Adv. LLM) (2008).

 

Awards & Accolades

  • “Distinguished Practitioner in Corporate and M&A practice areas” in Asialaw Leading Lawyer 2020.
REPRESENTATIVE DEALS

Financing Transaction and Restructuring

  • Representing PT Pertamina EP Cepu (PEPC) in the US$1.85 billion project financing for the Development of Jambaran – Tiung Biru Unitized Field Gas Project, one of the largest project financing transactions closed in 2019. This is one of the Indonesian Government’s national strategic projects and the first of its kind hybrid conventional and Shari’a project financing using a Trustee Borrowing Scheme. Nominated for “ALB Project Finance Deal of the Year” (2019) “Asia-Pacific Oil and Gas Deal of the Year award in the 2019 Project Finance International (PFI) Awards”
  • Representing PT Sarana Multi Infrastruktur (Persero) in its 10MW Dieng geothermal project financing which is part of the 400MW Dieng geothermal project. This historical deal is in support of Indonesia’s government strategic plan to increase renewable energy of 23% in 2025 energy mix use and Indonesia’s Sustainable Development Goals (2019).
  • Representing Indonesia Eximbank, PT Sarana Multi Infrastruktur (Persero), PT Indonesia Infrastructure Finance, Standard Chartered Bank Jakarta Branch, PT Bank Mandiri (Persero) Tbk Singapore Branch, PT Bank Commonwealth, OCBC Ltd, Standard Chartered Bank Singapore Branch, General Electric International (Benelux) B.V., Banca Monte dei Paschi di Siena S.p.A. Hong Kong Branch, Taiwan Cooperative Bank, Mega International Commercial Bank, Federated Project and Trade Finance, Yuanta Commercial Bank Co. Ltd. Offshore Banking Branch and Chailease International Financial Services Co. Ltd. as syndication lenders in the restructuring of USD222,000,000 Facilities Agreement with PT Maxpower Indonesia (formerly known as PT Navigat Energy) and Navigat Energy Pte. Ltd as borrowers (2019).
  • Representing PT Citra Multi Energi as borrower in a USD20 million bilateral facility for the financing of 10MW mini hydro power plant project in North Sumatera. This project is one of renewable projects in Indonesia with support from the Joint Crediting Mechanism provided by the government of Japan which encourages cooperation between Japanese and Indonesian institutions to promote implementation of low carbon development activities in Indonesia (2019).
  • Representing PT Wanatiara Persada, a foreign-owned Indonesian company in its financing of RMB 1.7 billion and USD 150 million (equivalent to IDR 5.7 trillion) facility from The Export-Import Bank of China (2018).
  • Representing PT Telekomunikasi Indonesia International as the borrower in a USD90 million term loan syndication deal, with PT Bank Mandiri (Persero) Tbk. and PT Bank Sumitomo Mitsui Indonesia acting as Mandated Lead Arrangers (2018).
  • Representing PT Wanatiara Persada, an Indonesian project company, in its RMB1,7 billion and USD150 million financing from the Export-Import Bank of China for the development of its nickel ore processing and refining factory (2018).
  • Representing a subsidiary of PT Indonesia Power and Golden Concord Ltd, PT GCL Indo Tenaga, in the financing of 2x100MW Kalbar-1 coal-fired power plant project, a project financed by China Construction Bank and backed by China Export & Credit Insurance Corporation (Sinosure) (2018).
  • Representing PT Bank Mandiri (Persero) Tbk. as the Agent in the amendment and restatement of IDR 1,065,000,000,000 and US$15,000,000 syndication financing for PT Trikomsel Oke Tbk (2014).
  • Representing PT Medco Natuna Pte. Ltd. and PT Medco Energi Internasional Tbk in the USD230,000,000 financing from syndicated lenders arranged by PT Bank Mandiri (Persero) Tbk. (2016).
  • Representing PT Medco E&P Tomori Sulawesi as the borrower in the USD200,000,000 senior secured term financing from syndicated lenders arranged by PT Bank ANZ Indonesia, PT Bank DBS Indonesia, PT Bank Mandiri (Persero) Tbk., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (2015).
  • Representing Citigroup Global Markets Singapore Pte. Ltd., Australia and New Zealand Banking Group Limited, PT Bank Central Asia Tbk., PT Bank CIMB Niaga Tbk., PT Bank DBS Indonesia, DBS Bank Ltd., PT Bank Mandiri (Persero) Tbk. and Sumitomo Mitsui Banking Corporation and the other finance parties in the US$100,000,000 and IDR3,000,000,000,000 syndication financing for PT Charoen Pokphand Indonesia Tbk (2015).
  • Representing (i) Citigroup Global Markets Singapore Pte. Ltd. and Citibank, N.A., Jakarta Branch, PT Bank Central Asia Tbk., DBS Bank Ltd. and PT Bank Mandiri (Persero) Tbk. as mandated lead arrangers and book runners, (ii) Citicorp International Limited as agent of the finance parties (other than itself) and (iii) the financial institutions listed in schedule 1 of the facilities agreement as the original lenders in connection with the US$150,000,000 and IDR900,000,000,000 financing for PT Charoen Pokphand Indonesia Tbk (2013).
  • Representing PT Greenland Rajawali Utama as the borrower in the USD96,000,000 and IDR622,592,000,000 Credit Facility from syndicated lenders arranged by PT Bank Mandiri (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank UOB Indonesia, United Overseas Bank Limited, and Standard Chartered Bank (Jakarta Branch and Singapore Branch).
  • Representing PT Medco E&P Malaka as the borrower in the USD360,000,000 senior secured term financing from syndicated lenders arranged by Australia And New Zealand Banking Group Limited, ING Bank N.V., Singapore Branch and Societe Generale, Singapore Branch (2017).
  • Representing the mezzanine lender in the USD32,500,000 mezzanine term financing for Prime Natuna Energy Pte. Ltd (2017).
  • Representing the syndicated lenders in the US$300,000,000 term financing for PT Astra Sedaya Finance (2017).
  • Representing PT UPC Renewables in the financing of Sidrap 70MW wind farm in Sulawesi (2017).
  • Representing the lenders in the JPY7,500,000,000 financing for PT Oto Multiartha (2017).
  • Representing the lenders in the USD29,000,000 and IDR207,000,000,000 financing for PT Mustika Alam Lestari and PT Perusahaan Bongkar Muat Adipurusa, guaranteed by PT Nusantara Pelabuhan Handal Tbk. and PT Episenta Utama Investasi (2017).
  • Representing LG International and Titan Multi Power in the development and financing of the Hasang 3x13MW run-of-river hydro power project in North Sumatra, Indonesia (2016).
  • Representing the syndicated lenders in the US$200,000,000 term financing for PT Astra Sedaya Finance (2016).
  • Representing Standard Chartered Bank in the USD10,000,000 syndication financing for PT Mega Auto Finance (2016).
  • Representing Standard Chartered Bank in the USD28,500,000 syndication financing for PT Mega Central Finance (2016).
  • Representing BRI as a borrower in the USD1 billion bilateral credit facility from China Development Bank Corporation (2015).
  • Representing the Korea Development Bank as an arranger in the EUR200,000,000 guaranteed senior notes due 2020 issuance by PT Cheil Jedang Indonesia (2015).
  • Representing one of Japan’s largest trading companies in the acquisition finance of Boeing 737-800 aircraft and subsequent lease transaction (2015).
  • Representing the syndicated lenders in the US$50,000,000 senior secured term financing for PT BFI Finance Indonesia Tbk (2015).
  • Representing Standard Chartered Bank in the USD20,000,000 financing for PT Kawasan Industri Kendal (2015).
  • Representing the underwriters in Jababeka International B.V. USD
  • 190,000,000 7.50% Guaranteed Senior Notes due 2019 unconditionally and irrevocably guaranteed by PT Kawasan Industri Jababeka Tbk and certain of its subsidiaries (2014).
  • Advising PT Mass Rapid Transit Jakarta in relation to financing of the Jakarta mass rapid transit project (2014).
  • Representing Sumitomo Mitsui Banking Corporation, BNP Paribas, DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank, PT Bank Mandiri (Persero) Tbk, Singapore Branch, Mizuho Bank, Ltd., Oversea-Chinese Banking Corporation Limited and The Bank of Tokyo-Mitsubishi UFJ, Ltd. and other finance parties in the US$200,000,000 syndication financing for PT Federal International Finance (2014).
  • Representing the Indonesian guarantor in Emeco Pty Limited issuance of US$335,000,000 9.875% Secured Senior Notes due 2019 (2014).
  • Representing DBS Bank Ltd in the USD100,000,000 financing to PT Adira Dinamika Multi Finance Tbk (2014).
  • Representing Standard Chartered Bank in the USD20,864,074.54 and IDR210,000,000,000 financing for PT Cardig Aero Services Tbk and PT Cipta Anugrah Sarana Catering (2014).
  • Representing the syndicated lenders in the US$75,000,000 financing for PT BFI Finance Indonesia Tbk (2014).
  • Representing the syndicated lenders in the US$75,000,000 financing for PT BFI Finance Indonesia Tbk (2013).
  • Representing Oversea-Chinese Banking Corporation Limited as the lender in the US$40,000,000 financing for PT Mardhika Artha Upaya (2013).
  • Representing the syndicated lenders in the USD400,000,000 financing for PT Federal International Finance (2013).
  • Representing Standard Chartered Bank, Jakarta Branch in the US$80,000,000 syndicated loan made between, among others, (1) PT BFI Finance Indonesia Tbk., as borrower, (2) Standard Chartered Bank, Jakarta Branch as mandated lead arranger, (3) Standard Chartered Bank (Hong Kong) Limited, as agent of the Finance Parties and (4) Standard Chartered Bank, Jakarta Branch, as security agent for the Finance Parties (2013).
  • Representing the conventional and Islamic lenders in the US$80,500,000 syndicated loan facilities and US$69,231,000 Murabahah financing for PT Media Karya Sentosa (2013).
  • Representing Standard Chartered Bank and the other finance parties in the US$80,000,000 syndication financing for PT BFI Finance Indonesia Tbk (2013).
  • Representing PT Berlian Laju Tanker, the world’s third-largest chemical shipper, in its US$1.2 billion debt restructuring process (2012).
  • Representing the coordinating bank and the agent, in the US$120 million syndication facilities agreement made among others by (1) PT Garuda Indonesia (Persero) Tbk. as borrower; (2) (i) Citigroup Global Markets Singapore Pte. Ltd., (ii) PT Bank Panin Tbk, (iii) PT Bank ICBC Indonesia, (iv) First Gulf Bank PJSC, Singapore Branch, (v) Korea Development Bank, (vi) KDB Asia Limited, and (vii) Standard Chartered Bank, Jakarta Branch as mandated lead arrangers and book runners; (3) Bank of China Limited, Jakarta Branch as lead arranger; (4) Citigroup Global Markets Singapore Pte. Ltd as coordinating bank, and (5) PT Bank ICBC Indonesia as the security agent (2012).
  • Representing Her Britannic Majesty’s Secretary of State acting through the Export Credits Guarantee Department (“ECGD”) in relation to the USD 5,948,900.35 export credit facility agreement made among (i) the Republic of Indonesia acting by and through its Ministry of Finance duly represented by the Director General of Debt Management as the borrower, (ii) Deutsche Bank AG, London Branch as the banker and (iii) ECGD as lender (2012).
  • Representing ECGD in relation to the USD4,605,000 Export Credit Facility Agreement made among (i) the Republic of Indonesia as the borrower, (ii) BNP Paribas as the banker and (iii) ECGD as lender (2012).
  • Representing PT Bakrie Sumatra Plantations Tbk. as a borrower in its USD237.5 million of new, two tranche secured financing (2012).
  • Advising and representing (i) Standard Chartered Bank, (ii) PT ANZ Panin Bank, (iii) Oversea-Chinese Banking Corporation Limited, (iv) The Royal Bank of Scotland N.V., Singapore Branch and (v) PT Bank OCBC NISP Tbk. in the USD115 million financing for PT Cipta Kridatama, a subsidiary of PT Trakindo Utama, a company which focusing on mining contractor services (2011).

 

Bank and Financial Institutions M&A

  • Representing Mitsubishi UFJ Financial Group (MUFG) in the acquisition of a 73.8 percent stake of Bank Danamon. “ALB M&A Deal of the Year 2018” (2017).
  • Representing The Hong Kong and Shanghai Banking Corporation (“HSBC”), Indonesia branch, in its integration with PT Bank Ekonomi Raharja Tbk, which is owned by HSBC’s UK-based subsidiary, HSBC Asia Pacific Holdings (UK) Limited (HAPH). This is the first “merger” to be done in Indonesia between a branch of a foreign bank with an Indonesian banking corporation “Nominated ALB M&A Deal of the Year 2017” (2017).
  • Representing Cathay Financial Holdings Co Ltd, an integrated financial services company based in Taipei, in its acquisition of
  • 40% shares of PT Bank Mayapada International Tbk. This deal represents another acquisition of a major bank in Indonesia by a Taiwanese financial institution under PBI No. 14/8/PBI/2012 regarding Banks’ Ownership under which no party may own more than a 40% shareholding in a bank (2015).
  • Representing PT Bank Rakyat Indonesia (Persero) Tbk. (“BRI”) in the IDR1,626,642,875,000 acquisition of 91,001% shares of PT Asuransi Jiwa Bringin Jiwa Sejahtera from Dana Pensiun Bank Rakyat Indonesia (2015).
  • Representing PT Bank Himpunan Saudara 1906 Tbk in its legal merger with PT Bank Woori Indonesia. Woori Bank Korea would be the first financial institution in Indonesia that will be allowed to exceed the 40% limit after the issuance of regulation on Limitations of Ownership in Banks (2014).
  • Representing PT Creador Kapital in its acquisition of 25% shares in PT Bank Index Selindo (2013).
  • Representing DBS Group Holdings Ltd in the proposed SGD6.2 billion acquisition of majority stake in PT Bank Danamon Indonesia Tbk (2012).

 

Financial Institutions Establishment and Regulatory Compliance

  • Representing a Japanese multinational corporation investor in the structuring, business acquisition and establishment of PT Takari Kokoh Sejahtera, a joint venture finance company in the car lease business (2013).
  • Representing a multinational life insurance, pensions and asset management company in establishing PT Aegon Direct Insurance Broker Indonesia, a joint venture insurance broker company (2013).
  • Representing a foreign investor in establishing PT Home Credit Indonesia, a joint venture finance company in the consumer finance industry (2012).
  • Advising numerous local finance companies which are subsidiaries of major multinational corporations in their regulatory compliance issues (2012-2017).

 

Technology

  • Representing an online travel company in the structuring and acquisition process to allow the company to operate e-money license and QR code payments products (2018).
  • Assisting an e-money issuer in obtaining its e-money license under the new Bank Indonesia regulation on e-money (PBI 20/6/PBI/2018).
  • Representing a technology company in the acquisition of companies operating in the logistics sector (2018).
  • Representing a technology company in the acquisition of a peer- to-peer lending company in Indonesia (2018).
  • Representing a leading technology company in a proposed joint venture agreement in transportation sector to expand its business in Indonesia (2018).
  • Advising on personal data protection regulatory matters for several multinational banks and multinational technology companies (2013-2017).
  • Advising on electronic payment regulatory matters and gift card issuance for major multinational technology companies (2014-2017).
  • Advising on wide ranges of regulatory for mobile application (2016-2017).
  • Advising an American payment gateway operator on establishing business in Indonesia (2016-2017).
  • Advising one of the most popular multinational messaging enterprises on a wide spectrum of Indonesian financial technology and anti-money laundering matters (2015-2017).
  • Advising multinational fund transfer operators on cooperation arrangements for cross-border remittance services (2015-2017).
  • Advising a multinational ride-hailing enterprise on payment system product and regulatory compliance (2015-2017).
  • Advising multinational technology companies on regulatory compliance for stored-value instruments (2015-2017).
  • Advising various multinational financial institutions on data protection, anti-money laundering and e-KYC matters (2015-2017).
  • Advising multinational financial institutions on structuring cutting-edge and unregulated payment system products (2015-2017).

 

Sale and Purchase of Receivables/NPL

  • Representing an American private equity group in the purchase of micro loan business arms of PT Bank CIMB Niaga Tbk (2017).
  • Representing an Indonesian bank seller in the sale of receivables to an offshore bank (2017).

 

Real Estate

  • Representing an Indonesian conglomerates group in the sale of Graha Unilever Bulding to Union Sampoerna (2017).
  • Representing PT Greenland Rajawali Utama, a company within the Indonesian conglomerate of Rajawali Group, in the en-bloc sale of a 47-storey international Grade A office tower to an affiliate of Government of Singapore Investment Corporation (Realty) Pte Ltd (2014).
  • Representing PT Grand Indonesia as the lessor in the “build-to- suit” lease of Menara BCA, which is one of Jakarta’s iconic premium-grade office buildings part of Grand Indonesia, to PT Bank Central Asia Tbk. (2006).
  • Representing PT Surya Citra Televisi as the lessee in the “build- to-suit” lease of Senayan City Office Tower, a 22-storey building part of Senayan City (2006).
PUBLIC SPEAKING & ACADEMIC ACTIVITIES
  • Lecturer in Gajah Mada University, International Program (Civil Law and Legal Writing) (2013-2015).
  • Lecturer in University of Indonesia (Legal Aspects in Economic Transaction) (2014-2017).