Assegaf Hamzah & Partners

Established 2001

Menara Rajawali 16th Floor

Jalan Dr. Ide Anak Agung Gde Agung Lot # 5.1

Kawasan Mega Kuningan

Jakarta 12950, Indonesia

Tel: +62 21 2555 7800

Fax: +62 21 2555 7899

Email: info@ahp.co.id

Website: www.ahp.co.id

Contact: Fikri Assegaf

Number of partners: 18

Number of lawyers: 114

Languages: Indonesian, English, Malay, Mandarin, Japanese

Practice Areas: Banking & finance, capital markets, debt & corporate restructuring, mergers & acquisitions, foreign direct investment, competition, dispute resolution, projects & natural resources, technology, media & telecommunications, real estate, intellectual property, Islamic finance, shipping & aviation, labour law, anticorruption and good corporate governance, tax & customs

Assegaf Hamzah & Partners (AHP) is a full-service law firm that was founded by Fikri Assegaf and Chandra Hamzah in 2001. Since then, the firm has grown rapidly, gaining a reputation for innovation, commercial acumen and for putting clients at the forefront of all that it does.

With 18 partners and 96 other fee earners, the firm’s members all have extensive experience representing a wide variety of blue-chip corporate clients, high-net-worth individuals, and governmental and international organisations.

In early 2013, AHP entered into a strategic alliance with Rajah & Tann, a Singaporean law firm that is now one of the largest in Southeast Asia, to establish a common platform that includes offices or affiliates in Singapore, China, Thailand, Lao PDR, Vietnam, Malaysia, Cambodia and Myanmar, as well as regional desks focusing on Japan and South Asia. The tie-up substantially enhances the firm’s capacity to provide top-class, cross-border legal services and affords its clients access to an arsenal of more than 400 lawyers across the region.

Alongside the firm’s partnership with Rajah & Tann, it continues to work closely with a range of highly regarded domestic and international law firms on both Indonesian and overseas mandates so as to allow it to draw on international best expertise and best practice across all leading jurisdictions. With the capacity to render a full suite of legal and advisory services in Indonesian, English, Malay, Mandarin and Japanese, AHP’s lawyers pay particular attention to international legal developments and how these are likely to impact on Indonesia and clients’ interests.

The firm’s growth continued apace in October 2013, when it merged with boutique competition practice Rizkiyana & Iswanto, whose seven lawyers and economists, combined with the members of AHP’s existing antitrust practice, now make the firm one of the country’s market leaders in competition law.

Early 2016 saw the firm open its first office outside of Jakarta as part of a long-term growth strategy to bring world-class legal services to Indonesia’s regional cities. The new office, located in the East Java capital of Surabaya, is staffed by a senior AHP partner and four associates.

Indonesia

Banking & Finance

The banking and finance practice of Assegaf Hamzah & Partners generates much respect from clients and peers alike. Fikri Assegaf, Ibrahim Assegaf and Yanu Wiriasmoko enjoy an excellent reputation in the market. The firm represented Bank Negara Indonesia, Bank Mandiri, ANZ Indonesia and Bank of Tokyo-Mitsubishi UFJ in their three-year $150 million and three-year $231 million revolving credit facilities to Telekomunikasi Selular.

Capital Markets

Assegaf Hamzah & Partners is one of the premier firms in Indonesia and has vast experience in advising on local and global equities, debt offerings, bond transactions and IPOs. “It is very good in anticipating changes in recent legislation to adjust with our transaction needs,” says one client. Fikri Assegaf led the capital markets team in advising CIMB Investment Bank, Dubai Islamic Bank, HSBC and JP Morgan Securities on the issuance of $2 billion-worth of trust certificates.

Competition & Antitrust

Peers indicate that Assegaf Hamzah & Partners is an outstanding firm and one of the leaders for competition and antitrust law. HMBC Rikrik Rizkiyana and Vovo Iswanto led the team in advising Asahi Glass on the acquisition of Phu My Plastics and Chemicals Company. They also advised Danone Asia on notifiable transactions and competition impacts of a proposed takeover.

Construction & Real Estate

Assegaf Hamzah & Partners offers a full range of services in real property, including assisting with purchase and sale agreements, leasing agreements, conveyancing and real property dispositions and bequests. Yogi Marsono represented Panca Amara Utama in a $25 million land ownership dispute. Marsono also represented Pupuk Sriwidjaja Palembang in its new fertiliser plant project in Palembang.

Corporate/M&A

Assegaf Hamzah & Partners maintains its strong standing in the rankings this year with its participation in key M&A deals. The firm has a particular interest in Asian firms and has represented Japanese, Chinese and South Korean corporations seeking acquisitions in the Indonesian market. Eko Basyuni advised Itochu Japan on the IDR$12.8 billion share sale by Itochu Indonesia and the subsequent change in shareholding composition of Suzuki Finance Indonesia.

Dispute Resolution & Litigation

Assegaf Hamzah & Partners is a leading firm in dispute resolution. Eri Hertiawan represented Holcim Indonesia in a dispute with squatters in East Java where the client planned to develop a limestone quarry and cement plant. The court ruled in favour of the client, holding that the government had an obligation to remove squatters who had no right to claim the land.

Energy & Natural Resources

The past year was a busy one for Assegaf Hamzah & Partners, with its team often seen in energy and natural resources financing transactions. Ibrahim Assegaf advised Bumi Suksesindo on the financing of the $130 million Bukittujuh Project, a gold mine in Banyuwangi. Fikri Assegaf, Eri Budiarti and Kanya Satwika advised China Export Import Bank on the proposed project financing of $1.2 billion for a power plant in South Sumatra.

IT, Telco & Media

Assegaf Hamzah & Partners was involved in two of Indonesia’s largest M&A deals in the telecommunications sector in the past 12 months. Ibrahim Assegaf advised Penjaminan Infrastruktur Indonesia on the granting of government guarantees for the construction of a fibre optic cable network connecting all parts of Indonesia. Zacky Husein advised Google on its plan to initiate a proposed collaboration with Indonesian telecommunications operators and the launch of an aerial wireless network.

Labour & Employment

Assegaf Hamzah & Partners has an enviable list of leading domestic clients who turn to the firm for employment advice. Ahmad Maulana advised Toyobo Knitting Indonesia (TKI) on corporate restructuring and transfer of employees. Employees made tripartite agreements with TKI and the new company Toyobo Manufacturing Indonesia.

Private Equity

Assegaf Hamzah & Partners’s private-equity practice has had another profitable year. Bono Adji and Putu Suryastuti advised Saratoga Investama Sedaya on the issuance of $100 million of guaranteed exchangeable bonds, due in 2020, by Delta Investment Horizon International. Adji and Valerie Ngooi represented the same client in its proposed purchase of the shares owned by Rajawali Corpora. Eko Basyuni advised a financial company on its investment in a data centre.

Restructuring & Insolvency

Assegaf Hamzah & Partners is widely recognised for its role in Indonesian debt restructuring and insolvency deals. Ahmad Maulana and Ibrahim Assegaf represented Indomuro Kencana, with debt of $7 million, in filing for voluntary bankruptcy. They also represented Raiffeisen Bank International in bringing a bankruptcy petition for $23.8 million to court.

Shipping, Maritime & Aviation

The shipping practice of Assegaf Hamzah & Partners is widely recognised and is a market leader in air accident law in particular. Ibrahim Assegaf advised Cardig Aero Services on a $34.8 million term loan facility and security documents with HSBC. Eri Hertiawan represented Garuda Indonesia in suing Musita on breach of contract and fiduciary duty.