SSEK "are a very professionally run firm, work product is quite clear and high professional standards, very knowledgeable in their understanding of Indonesian law", comments a client. The firm has built a solid reputation and clients have taken note: "[SSEK] are most likely the only firm to be able to pull off the complex structures we look for in a successful conclusion to an acquisition," says one....
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SSEK "are a very professionally run firm, work product is quite clear and high professional standards, very knowledgeable in their understanding of Indonesian law", comments a client. The firm has built a solid reputation and clients have taken note: "[SSEK] are most likely the only firm to be able to pull off the complex structures we look for in a successful conclusion to an acquisition," says one.
Darrell Johnson is a highly commended "top drawer" foreign counsel, say peers, and his work this year included leading the team in advising Toyota in a joint venture company with PT Astra Otoparts to acquire the existing compressor production business from PT Denso Indonesia.
The M&A team advised GE Capital last year as it divested several financial holdings in Indonesia through various projects. These projects include the sale of GE Capital Banking shares in PT GE Finance Indonesia. SSEK worked extensively with Bank Indonesia, the Ministry of Finance and GE's international counsel throughout the complex transaction to complete the sale
A major asset to the M&A team is foreign counsel Michael Carl. "Michael displays a deep knowledge of Indonesian law. He identifies the key issues and is able to explain them clearly and yet propose innovative suggestions," comments a client. Another client offered further praise: "Michael is very good at explaining things in detail for example the inconsistency in certain legislations."
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"SSEK is a very well known and respected project finance firm", comments a rival law firm. One client adds that SSEK produces "strong work generally and I've found their responses are well thought out"....
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"SSEK is a very well known and respected project finance firm", comments a rival law firm. One client adds that SSEK produces "strong work generally and I've found their responses are well thought out".
Another rival partner praises partner Ira Eddymurthy as "not only a good lawyer but she is also very resilient", and special foreign counsel Michael Twomey for having "a lot of experience and being a good operator who is very knowledgeable".
Clients also appreciate the firm's up to date knowledge of the law: "The new laws have impacted our project and with nobody fully understanding the operation of a new law with no clear precedence, SSEK found a solution," says one.
The banking team advised Chartis Insurance (formerly AIU Insurance) in connection with the restructuring of PT Chartis Indonesia, one of the largest insurance companies in Indonesia. SSEK worked closely with the Indonesian Insurance Bureau, the Ministry of Finance and the Capital Investment Coordinating Board to substitute a new local shareholder in this transaction.
The team also advised PT Arpeni Pratama Ocean Line on the ongoing complex debt restructuring of a large shipping company, which operates ships in both Indonesian and international waters. This transaction involved domestic and foreign debt including US dollar bonds, Rp bonds, and Rp sukuks (Islamic bonds).
Another notable highlight was advising Adani Group India and its Indonesian subsidiary, PT Adani Global, in connection with a $1.6 billion rail and port infrastructure project in South Sumatra.
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