Founded in 2001, full-service law firm Assegaf Hamzah & Partners has established itself as one of the leading firms in the Indonesian legal market. The firm is headquartered in South Jakarta and has an office in Surabaya. It also extended its presence throughout the region with its membership of the Rajah & Tann Asia network. The firm has approximately 32 partners.  

In addition to advising across a spectrum of traditional capital markets and banking and finance transactions, the firm has a special focus on the fintech sector and Shariah-compliant investment and financing transactions. 

Highlights  

In a landmark capital market mandate, the firm advised Government of Indonesia, through Ministry of Finance, as Issuer, on the dual- tranche issuance of Retail Sukuk and Retail Sukuk. This deal marks the first time the Government has implemented a dual tranche scheme in the issuance of retail sukuk. 

Another significant capital market mandate saw the firm advised Indonesia Infrastructure Finance on the issuance of 2023 Green Perpetual Notes that were publicly offered to the Qualified Institutional Investors. This pioneer deal was marked as the first ever public offering in Indonesia conducted in reliance with OJK new policy on Issuance and Requirements of Green Bonds and Sukuk since its enactment in October 2023. 

On the M&A front, the firms assisted the merger between two state-owned enterprises (SOEs), namely Perum DAMRI and Perum PPD. The legal innovation in this deal lies in the unprecedented merger of Perusahaan Umum entities, Perum DAMRI and Perum PPD. This marks the first and only Perusahaan Umum merger transaction of its kind, presenting a distinctive legal challenge due to the absence of precedents. 

Key clients 

Karian Water Services, North Sumatera Hydro Energy, Barito Renewables Energy, Medco Energi, Medco Power Indonesia, Merdeka Battery Materials, Chandra Asri Petrochemical, Government of Indonesia, OCBC NISP, Bangkok Bank, Baring Private Equity Asia EQT