Established in 2010, Oentoeng Suria & Partners is associated with Ashurst and is a well-known name in the Indonesian legal market. The firm maintains an office in south Jakarta and is led by managing partner Ratih Nawangsari.
Focusses / specialisms
The firm is known for its high-quality banking, corporate and project development work and also has a strong restructuring practice.
The banking team often acts for international financial institutions on financing transactions in Indonesia, acting on transactions in the energy infrastructure and mining sectors. Taking advantage of Ashurst's network in the PRC, the firm serves Chinese financial institutions and sponsors on investments into Indonesia.
The corporate team has experience advising on high profile transactions, particularly in the natural resources sector.
The projects team is experienced advising across the spectrum of projects related work in a variety of sectors including, oil and gas, transport, traditional and renewable energy, and natural resources.
Key clients
Key clients include China Development Bank, Societe Generale, DBS Bank, China Construction Bank, Toll Group, Chiyoda Corporation, Borneo Alumina Indonesia, Bank Mandiri, Pertamina, and Bank Negara Indonesia.
Research period review: 30th edition (2019/2020)
The banking team primarily acted on the side of financial institutions. A standout banking deal saw the firm advise China Development Bank on the financing of the Jakarta-Bandung high-speed railway, the largest ever infrastructure project in Indonesia. Another interesting deal saw the firm act for the lenders in the largest unsecured corporate loan facility in Indonesia in 2019. The firm also notably acted for the lenders on one of the largest Chinese power financings in Indonesia to date.
During the review period, the corporate team was active for buyers and sellers on several noteworthy confidential transactions. A significant oil and gas transaction saw the firm advise an international client on a divestment. A non-confidential mandate saw the firm advise Toll Group on forming a joint venture.
A projects highlight saw the firm advise a consortium on a landmark airport PPP project. A high-profile deal saw the firm act for the contractor on the high-value development of a smelting facility.
Staffing changes saw the firm strengthen its corporate and projects practices with the hire of partner Frédéric Draps from Ginting & Reksodiputro. The firm also added senior counsel Rudy Kusmanto from OVO to its corporate and banking teams.
Deal highlights: 30th edition (2019/2020)
Hang Nadim Batam International Airport development
Jakarta-Bandung high-speed railway
Komodo International Airport PPP
Manyar smelter project
Mempawah smelter grade alumina refinery
Sumsel 1 coal-fired power plant
Toll Group / Salam Pacific Indonesia Lines joint venture
Well Harvest alumina refinery
