Hadiputranto Hadinoto & Partners

Hired partner Nadia Soraya from TNB & Partners for its finance and projects practice. The firm also welcomed new foreign legal consultant Gerrit Jan Kleute from Linda Widyati & Pusponegoro to enhance the corporate team. The firm is a leader across all industries.  

Banking and finance  

Work highlights  

Advised Mitsubishi UFJ Financial Group, through its commercial banking entity MUFG Bank, to acquire Temasek's shareholding interests in Indonesian publicly-listed bank Bank Danamon Indonesia through a three-step acquisition structure. The transaction is valued at $1.7 billion.  

Acted for a syndicate of Indonesian banks in providing a Rp5 trillion facility to Waskita Karya as the borrower. The facility will finance several toll road constructions in Indonesia. 

Acted for sponsors Energi Bayu Jeneponto and Equis Asia Fund II in the $120 million project financing of a Tolo wind farm together with associated facilities developed and operated by Energi Bayu Jeneponto. 

Key clients  

Bank Negara Indonesia, BPI Capital, DBS Bank, Equis Energy, Medco E&P Malaka, Medco Energi Internasional 

Capital markets    

Work highlights  

Represented PLN, an Indonesian government-owned corporation, in relation to a $2 billion GMTN issue. 

Advised Siloam, the hospital operator arm of conglomerate Lippo Group, on its Rp3.1 trillion rights issue.  

Key clients  

Terregra Asia Energy  

Competition and antitrust  

Work highlights  

Represented General Electric Company in filing a notification to the KPPU in relation to the acquisition of Baker Hughes. The acquirer and target have complementary products and offerings in the oil and gas industry. 

Key clients  

Asahi Glass, Dow Chemical Company, E.I. DuPont De Nemours 

Construction    

Work highlights  

Assisted North Sumatera Hydro Energy in relation to the development and $1.2 billion financing of a hydroelectric power plant in North Sumatera.  

Key clients  

Indika Energy, Infunde Development, Pertamina EP Cepu, Tirta Lyonnaise Medan 

Corporate and M&A   

Work highlights  

Represented KBank’s first investment into Indonesia, the acquisition of a 10% stake in Bank Maspion Indonesia valued at $20 million.  

Advised Tencent Holdings in a substantial investment in Go-Jek, Indonesia's leading on-demand mobile platform, through subscriptions in equity capital raisings of more than $100 million. 

Represented Astra on its $150 million investment in ride-hailing app Go-Jek.  

Key clients  

Fitness First, FKS Food & Agri, Global Digital Niaga, Mapfre Internacional, Oracle, Telkom Indonesia, Tokyo Gas 

Labour and employment   

Work highlights  

Represented a foreign-owned drilling services company on the requirements for the reports and work permits of its foreign employees, risks of non-compliance and suggested options for resolving an issue where work permits were incomplete.  

Regulatory   

Work highlights  

Acted for Supreme Energy Muara Laboh (SEML) in relation to all aspects of its project development of a geothermal power plant in West Sumatra.  

Client feedback  

“HHP is a solid and dependable partner for employment law matters. With clear and precise instructions, the HHP team can deliver quality advice without excessive cost. Turnaround times are reasonable but during busy periods, and they're often busy, there may be delays. However, the HHP team are good at managing expectations and it is clear they're really working very hard to complete your work. The team is quite versatile and I would not hesitate recommending them for all employment law matters, both contentious and non-contentious.” - Labour and employment  

 “They are experts in their field and have always been providing sound Indonesian employment advice. They are especially strong in their verbal employment advice, particularly when we are in need of a quick piece of advice and something more practical.” - Labour and employment  

 “Work has been thorough and well-researched. The attorneys provide a good, practical understanding of the legal issues and their applications in the country. The firm has good connections and expertise in their country.” - Energy  

 “Comprehensive legal advice with risk mitigation. They are up to date and knowledgeable of what happens in the insurance sector. Provide quick responses, always in timely manner.” - Insurance  

 “Their strength is always giving another perspective and angle on any type of tax case, not only from the tax law point of view, and it basically gives added value when presenting the cases.” - Tax