Assegaf Hamzah & Partners

Assegaf Hamzah & Partners shows range in advice on aircraft finance, project finance, and loans and credit facilities to domestic and foreign clients. Leading lawyers Fikri Assegaf, the practice head, Ibrahim Assegaf, and Kanya Satwika worked with Noonday Asset Management on its $90 million loan to PT Energi Mega Persada. Ibrahim Assegaf and Putu Suryastuti advised Barito Pacific on a $250 million loan from Bangkok Bank. In project finance, Ibrahim Assegaf is advising Penjaminan Infrastruktur Indonesia’s Indonesia Infrastructure Guarantee Fund on its $1 billion financing of the Palapa Ring project to construct a fibre optic cable network throughout Indonesia.

Assegaf Hamzah & Partners, a “very experienced and well known law firm in Indonesia for capital market services,” according to a client, shows versatility in its ability to advise on initial public offerings (IPO), high yield and high grade corporate bonds, and sovereign debt. Leading lawyers Bono Adji, the practice head, and Putu Suryastuti, respected for her “knowledge in the capital market”, advised Nusantara Pelabuhan Handal on its IDR308 billion ($23.1 million) IPO. Fikri Assegaf and Kanya Satwika, as Indonesian counsel, assisted the bank dealers on the Indonesian government’s €1.5 billion ($1.8 billion) 2.625% notes due in 2023 and €1.5 billion 3.75% notes due in 2028.

Assegaf Hamzah & Partners’s team has solid experience in geothermal, wind and hydropower projects. Ibrahim Assegaf and Kanya Satwika, head of the energy and infrastructure teams, advised the Korea Development Bank, Société Générale and Sumitomo Mitsui Banking Corporation on a $147 million cross-border (Hong Kong, Singapore, South Korea and UK) project financing of a 42MW run-of the river hydro power project in North Sumatra. The team also worked on a range of project agreements including power purchasing; engineering, procurement and construction (EPC); and operations and management.

Assegaf Hamzah & Partners’s team advises on debtor representation, out-of-court restructuring and bankruptcy litigation, notably in the energy, healthcare and real estate sectors. Ahmad Maulana and leading lawyer Ibrahim Assegaf, both practice leaders, are representing HMS Bergbau Indonesia, a subsidiary of a German coal and materials marketer, in a bankruptcy litigation. The team has filed a debt moratorium application with the Jakarta Commercial Court against Kasih, which has failed to make its payments.