Founded in 1980, Jakarta-headquartered
Makarim & Taira S is one of the most well-recognised names in Indonesia’s legal market. In 2020, it formed Drew Network Asia with Drew & Napier in Singapore and Shearn Delamore & Co in Malaysia to foster collaboration to serve the ASEAN region. The firm is also a member of
the World Law Group and World Services Group.
Recent examples of the firm’s deal work include advising ESR on
its
strategic partnership with MC Urban Development Indonesia (MCUDI) and the Indonesia Investment Authority (INA). They are the largest
real asset manager in the Asia-Pacific region and the third-largest listed real estate investment manager globally. This deal marks the first cooperation between these prominent parties and the partnership significantly supports Indonesia's burgeoning real estate and
logistics market and its future growth prospects.
Project
highlights include advising
Cirebon Energi Prasarana for the development of a 1 x 1,000 MW coal-fired power plant. The deal faced a significant challenge when the client’s environmental license was contested in the Administrative Court. The firm referred to the government’s discretion and a new regulation on spatial planning, which was a novel concept at the time. The case is likely one of several that set a new precedent for resolving spatial planning issues impacting project finance.
"They have been readily available at the shortest of notice and have been very proactive with their approach. " (Restructuring and insolvency client)
Asianet Media
Teknologi, ESR, Bank
Sahabat Sampoerna, VTB Bank,
Kilang Pertamina Internasional, Pertamina (Persero), Cirebon Energi
Prasaran, Marubeni Corporation, Xiamen ITG, Manyar Maju Refinery, Trina Solar Energy Development
