IFLR1000 Reviews

Financial and corporate

Founded in 1991, Soemadipradja & Taher performs consistently well in banking and finance, capital markets, M&A, and project development. The firm extends its capabilities across the region through an alliance with Allen & Gledhill.

 

Focusses / specialisms 

In banking work the firm has experience in acting for lenders and borrowers on financing and debt restructuring transactions.

The capital markets team’s experience covers acting on IPO, bonds issues and rights issues across a range of industries.

The corporate tam is often engaged to help on market entry and regulatory compliance work.

The projects team has expertise in advising clients such as sponsors, government bodies and contractors on projects in sectors including infrastructure, mining and natural resources, oil and gas, and energy.

 

Key clients  

Key clients include Citigroup Global Markets, Credit Agricole Corporate and Investment Bank, HSBC, Standard Chartered Bank, IKEA, and Ministry of Finance of the Republic of Indonesia.

 

Research period review: 31st edition (2020/2021) 

The banking team took advised clients such as borrowers and lenders on matters such as refinancing, project financing and corporate financing. The firm was also active in the financial services regulatory space, acting for international clients.

In capital markets, the firm advised on regulatory compliance, option agreements, project bonds, and divestments.

The corporate team was recently active on a high volume of mandates covering several sectors. An eye-catching matter saw the firm act for the sell-side in Kimberly-Clark Corporation’s acquisition of Softex Indonesia.

A staffing change saw the departure of foreign counsel Kosuke Nakamura from the corporate team.

 

Deal highlights: 31st edition (2020/2021) 

Austin Engineering Indonesia $3 million financing

Composite Capital Management $95 millionacquisition of a stake in M-League

Kimberly Clark Corporation $1.2 billion acquisition of Softex Indonesia

KRS Corporation $62 million acquisition of Kiat Ananda Group’s subsidiaries

Lei Shing Hong Trading and Lei Shing Hong Credit regulatory compliance

Ultrajaya Milk Industry & Trading $150 million loan facility

United Overseas Bank$2.95 million debt recovery

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

"Highly responsive and commercial. Renders excellent and comprehensive support to instructing counsel which demonstrates its depth of specialised knowledge in Indonesia law and practice."

"Prompt and comprehensive advice on Indonesian law."

 

M&A

"Prompt in responding, professional."

"Practical and responsive."

"They are always responsive, and flexibly assisted our client. One highlight of this transaction was we closed this transaction during the large social restriction in Jakarta, under which the client could not enter into Indonesia. S&T efficiently supported the online closing works, which was very new in Indonesia. "

 

Oene Marseille

"Clear, concise and effective as Indonesian counsel."

"Responsive - super-fast turnaround. Accessibility - even during festive and holiday seasons."

 

Retno Muljosantoso

"Hard-working and responsive."

"She is easy to work with in her good character. Although her main practice area is labour and employment, she has sufficient experience in M&A transactions."

 

Tia Rosmananingrum

"Prompt and professional."