Practice Focus

Banking & Finance, Financial Institutions M&A Financial Institutions Regulatory

 

Sub-Practice & Industry

Fintech, Financial Institutions Regulatory, Debt Restructuring, Project Finance, Debt Capital Market Products, Derivatives and Structured Financial Products, Real Estate

 

Language

Indonesian & English

Vulkania Neysa Almandine, S.H

ASSOCIATE

+62 21 5082 0970
vulkania@umbra.law

Vulkania Neysa Almandine has represented both local and multinational institutions in various cross-border transactions and financial product structuring. Her areas of specialization include financial technology (fintech), payment systems, financial products, banking and financial institution regulations, securitization and financing transactions.

 

Vulkania has extensive experience both in transactional and advisory works. She has assisted both new entrants to the Indonesian financial products and services market as well as established market players facing regulatory and policy changes due to the continuous development of the financial sector.

 

Her specific transactional experience includes financing transactions, business arrangements involving and the corporate restructuring of financial and fintech companies. Her experience in advisory works includes advising on the structuring of innovative financial and financial products and services, entity establishment, licensing and data protection and consumer protection concerns.

PROFILE DETAILS

Education

  • Universitas Gadjah Mada, Faculty of Law, International Undergraduate Program (2011-2015)
  • Institut d’Etudes Politiques de Paris (Sciences Po), Paris, France (exchange semester – 2014)

REPRESENTATIVE DEALS

Fintech and Payment Systems

  • Advising finance and technology companies on product structuring and compliance requirements for card-based payments, electronic money (e-money) and the offering of offshore financial products in Indonesia (2016-2018)
  • 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 technology company in the acquisition of a company operating in credit rating solutions in Indonesia (2018)
  • Representing a leading tech company in a joint venture with a major transportation company in Indonesia (2018)
  • Advising on product structuring and licensing requirements for a peer-to-peer financing company (2018)
  • Advising an e-money issuer on its license application process under the 2018 Bank Indonesia regulation on e-money (2018)
  • Advising an e-money issuer on its regulatory compliance under the 2018 Bank Indonesia regulation on e-money (2018)
  • Representing a leading technology company in the structuring and the acquisition of companies operating in the e-money and QR-based payment sector in Indonesia (2017-2018)
  • Advising a multinational financial institution on robo-advisory business in Indonesia (2017)
  • Advising on regulatory framework on consumer protection, personal data protection and anti-money laundering and anti-terrorism funding requirements for multinational technology companies (2016-2017)
  • Advising multinational fund transfer operators in on cross-border remittance services (2016-2017)
  • Advising multinational technology companies in the regulatory compliance for stored-value instruments (2016-2017)
  • Advising multinational companies on unregulated financial products in Indonesia (2016-2017)

 

Financing

  • Representing PT Wanatiara Persada, an Indonesian project company, in its RMB 1,700 million and USD 150 million financing from The Export-Import Bank of China for the development of its nickel ore processing and refining factory (2018).
  • Advising and representing borrower-side in several financing transactions, including APLMA-based financing (2016-2018)
  • Preparing security agreements, corporate approvals and foreign loan reporting documents in relation to financing schemes involving several Indonesian entities (2016-2018)

 

Bank and Financial Institutions Transactions

  • Advising a multinational financial company on the establishment of an insurance company in Indonesia (2018)
  • Assisting a multinational bank in an intra-group merger transaction on the Indonesian level (2018)
  • Representing The Hong Kong and Shanghai Banking Corporation, Indonesia branch in relation to its integration with PT Bank Ekonomi Raharja Tbk, which is owned by HSBC’s UK-based subsidiary, HSBC Asia Pacific Holdings (UK) Limited (HAPH) (2017)
  • Advising on the establishment and corporate restructuring of insurance companies (2017-2018)
  • Representing an Indonesian bank seller in the sale of receivables to an offshore bank (2017)

 

Bank and Financial Institutions Advisory

  • Advising on a channelling arrangement for a multinational financing company (2018)
  • Advising banks on regulatory compliance concerning data infrastructure (2017)
  • Advising multinational finance companies in various regulatory compliance matters (2017)
  • Advising several financial institutions on bank reporting obligations, bank activities based on core capital and legal lending limit (2016-2017)
  • Advising a multinational bank on unauthorized payments (2016-2017)
  • Advising on regulatory framework on consumer protection, personal data protection and anti-money laundering and anti-terrorism funding requirements for several multinational banks (2016-2017)
  • Advising a multinational bank on the services which banks may procure from or provide to affiliated parties (2016-2017)

 

Others

  • Advising a multinational company on freight-forwarding and postal services in Indonesia (2017)
  • Advising on and assisting in the establishment of the representative office of a multinational construction company in Indonesia (2017)
  • Advising and preparing corporate documents for various merger and acquisition transactions involving local and foreign investment companies (2016-2017)
  • Advising on and assisting in compliance and licensing requirements for various foreign investment companies (2016-2017)
  • Advising on and assisting companies in transactions involving land transfer and lease (2016-2017)