Practice Focus

Banking and Finance, Mergers and Acquisition, General Corporate.


Sub-Practice & Industry

Debt Restructuring, Corporate Finance, Project Finance, Regulatory Compliance



Indonesian & English

Theresia Azalia


+62 21 5082 0978

Theresia Azalia has assisted local and major multinational institutions in transactional and advisory matters involving banking & finance, mergers & acquisitions, general corporate and employment. She joined UMBRA as an associate in 2019. Prior to joining UMBRA, she worked with other reputable law firm in Indonesia. During her career she has assisted in numerous high profile offshore syndicated loans in Indonesia.


Professional Affiliations

  • Member of the Association of Indonesian Advocates (PERADI)



  • University of Indonesia, Bachelor of Law (SH) – cumlaude (2015)


Theresia’s experience includes:


Banking & Finance

  • Representing PT Sarana Multi Infrastruktur (Persero) in relation to numerous financing project for the development of power plan in Indonesia.
  • Representing an Indonesia company as a borrower regarding syndication facility from PT Bank Maybank Indonesia Tbk, PT Bank Danamon Indonesia Tbk, Raiffeisen Bank International A.G., PT Bank Muamalat Indonesia Tbk, and PT Bank Syariah Mandiri with Syariah terms and conventional terms.
  • Representing PT Perkebunan Nusantara III in relation to the restructuring of syndication facility for its subsidiaries companies with PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, and PT Bank Negara Indonesia (Persero) Tbk.
  • Representing DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited in relation to the SGD99,000,000 term loan facility (club loan) for an Indonesia shipping company and its subsidiaries.
  • Acting as an Indonesian counsel for various banks and financial institutions in Singapore and Hong Kong in relation to numerous credit facilities granted to Indonesian and Singapore borrowers.
  • Representing BNP Paribas in relation to numerous credit facilities granted to Indonesian borrowers for vessels construction and procurement and corporate financing.
  • Representing Chailease International Financial Services Co., Ltd and its affiliates in relation to numerous credit facilities granted to Indonesian borrowers.
  • Representing Alpha Bank (second largest Greek bank) and its affiliates in relation to numerous credit facilities granted to Indonesian borrowers.
  • Representing KEB Hana Bank in its USD40.000.000 term loan facility to an Indonesia coal mining company.
  • Advising PT Indonesia Commodity & Derivatives Exchange (ICDX) with regards to the electronic warehouse receipt as a collateral.
  • Assisting in the US$1.85bn financing project (arranged by a syndication of 12 major foreign and local banks) for the US$4.6bn Jambaran-Tiung-Biru (JTB) gas field unitization project.
  • Assisting in the establishment of a new peer to peer lending company.
  • Advising various international financial institution in relation to the enforcement of security rights in Indonesia including procedures of ship arrest and implementation of IDERA under Indonesian law.
  • Acting as an Indonesian counsel for advising a subsidiary of a leading end to end logistics service company in issuance of medium-term notes, including conducting a legal due diligence.
  • Assisting in the listing of crypto asset to PT Indodax Nasional Indonesia (Indodax).
  • Advising several financial institutions on bank reporting obligations, bank activities based on core capital and legal lending limit.
  • Advising on a channelling arrangement for a multinational financing company.
  • Preparing security agreements, corporate approvals and foreign loan reporting documents in relation to financing schemes involving several Indonesian entities.



  • Representing and performing due diligence in relation to acquisition of 8 (eight) five-star hotels in Indonesia.
  • Representing and performing due diligence in relation to the acquisition of a freight forwarding company in Indonesia, this includes preparing the related transaction documents.
  • Assisting in the divestment of a logistic company.



  • Advising various major international advertisement company in relation to Indonesia advertising. This includes advising on Indonesian regulatory law issues, its operational contracts and general corporate commercial law issues.
  • Acting as an Indonesian counsel for numerous international airlines company including, among others, All Nippon Airways Co., Ltd, Qatar Airways Q.C.S.C., Emirates Airlines, Oman Air, and Qantas Airways Limited in relation to Indonesian regulatory compliance.
  • Advising a Spain home appliances distribution company regarding establishment of a new Indonesia Company in Indonesia and distributor agreement.
  • Preparing feasibility study regarding establishment of shipping company in Indonesia.
  • Preparing legal memorandum for an Indonesia shipping company with regards to the procurement of vessels.
  • Advising various logistic company in day to day matters.
  • Advising on and assisting in compliance and licensing requirements for various foreign investment companies
  • Advising several foreign companies relating to its manpower issues.
  • Assisting a property company on the proposed initial public offering.
  • Acting as an Indonesian counsel for drafting Pre-Feasibility Study Development in relation to a Public Partnership Project (oil refinery project in Bontang).