Makarim & Taira S

Makarim & Taira S has a standout full service offering and is particularly strong in banking and finance. The firm is involved in many large financing projects in Indonesia. It has strong relationships with international and local banks, insurance companies and other financial institutions. Maria Sagrado advised a bank syndicate on a $395 billion loan facility in November 2015.

Makarim & Taira S’s capital markets team has vast experience in advising issuers, underwriters, financial institutions and investment banks on private and public offerings. Maria Sagrado represented Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia on a $395 million dual currency syndicated loan facility to Krakatau Steel.

Makarim & Taira S is known for its work in competition and antitrust. The firm has a strong focus on merger control and tender collusion. Lia Alizia and Ben Clanchy advised ArcelorMittal Gonvarri Brasil Produtos Siderurgicos and Mitsui & Co on a merger control notification in a $17 million share acquisition.

Makarim & Taira S bought land for a client in West Java and Central Java for the construction of power plants and was engaged by one of the biggest real estate companies in China to handle the expansion of its core real estate business into the Indonesian market. Rahayu Ningsih Hoed represented Central Java Power in a land acquisition for IDR$200 billion.

Makarim & Taira S regularly advises international companies on M&A involving stock and asset sales and spin-offs. Ben Clanchy acted for New Forests Asia in acquiring a 35.42% stake in Hutan Ketapang Industri for $42 million. It is one of the first institutional investments in large-scale sustainable forestry in Indonesia.

Makarim & Taira S is recognised for its involvement in national infrastructure development projects. Rahayu Ningsih Hoed advised Bhumi Jati Power on the development of the $4 billion Tanjung Jati 5 & 6 expansion project. This single project represented nearly 6% of the government’s goal to fulfill electricity demand growth by 2020 and was a landmark project for the country.

Makarim & Taira S has an outstanding labour and employment practice. The firm is widely recognised for advising on employment disputes over terminations due to M&A. Lia Alizia advises clients in the energy, food, travel and retail industries. Alizia advised an oil and gas company and a US garment retail group on the termination of employees due to restructuring. The firm also advised a multinational bank in responding to a national strike for salary and bonus increases at 20 branches throughout Indonesia.

Makarim & Taira S has extensive experience advising on projects involving railways, toll roads, water supply and other infrastructure. Rahayu Ningsih Hoed advised Bhumi Jati Power on the $4 billion expansion of Tanjung Jati B coal-fired power plant Unit 5. She also advised Cirebon Energi Prasarana on the $2 billion expansion of the Cirebon Jawa-1 power plant.