FINANCE

Commercial law as stipulated by the Government of Indonesia is historically based on colonial-era Dutch statutes. During the Soekarno and Soeharto eras these were gradually amended, with the objective of encouraging desperately-needed investment. These included the Basic Agrarian Law along with the Foreign Investment Law. As an appealing destination for foreign investment, Indonesia offers investment support in the form of, among others, loans from a Bank or another financial institution, either domestic or offshore. Any variety of lending structure may be tailored to the needs of the borrower, conforming to existing regulatory limits and lender security. In a new "Reformation Era" major improvements and modernization have been carried out throughout the legal system and this process continues today. N&A can guide the foreign investors through changes in legislation and their enforcement, in an era of fluid advances.

  • Representing PT Bakrie & Brothers Tbk in the restructuring of approximately US$218 million loan from Mitsubishi Corporation RtM Japan Ltd
  • Representing a peer-to-peer lending company in obtaining approximately US$3,000,000 from a major foreign private equity firm
  • Representing PT Sawit Sumbermas Sarana Tbk, a major palm oil listed company, in obtaining loan and syaria financing from PT Bank Mandiri (Persero) Tbk and PT Bank Syariah Mandiri in the total amount of Rp.1.5 trillion and US$65 million
  • Representing Deutche bank AG in a US$350,000,000 facility to HSBC Institutional Trust Services (Singapore) Limited (as trustee for Lippo-Mapletree Indonesia Retails Trust)
  • Representing one of the leading Indonesian producers of polyester chips and synthetic yarn in its corporate and debt restructuring
  • Representing an offshore lender in providing loan to a company to subscribe shares in the rights issue of a publicly listed company
  • Representing the Creditors Committee in the debt restructuring of PT Ciputra Development Tbk. which involve dealing with Euroclear Bank and Clearstream Banking for matters related to the Floating rate Notes registration
  • Representing the Indonesian Bank Restructuring Agency in the restructuring of the Tirtamas Majutama Group
  • Assisting the Indonesian Bank Restructuring Agency with regard to the financing of PT Trans Pacific Petrochemical Indotama
  • Representing the creditors Steering Committee on the restructuring of PT Bakrie & Brothers Tbk.
  • Representing a US based aircraft lessor and an international financing company in an acquisition of aircraft and the financing by a national airline company
  • Represented the Indonesian Bank Restructuring Agency in the debt restructuring of a private television company