Active since 2016, Jakarta headquartered
TnP Law Firm (Formerly TJAJO & Partners) is recognised for its banking, capital markets, M&A and restructuring and insolvency work.
The banking team advises both lenders and borrowers on project financing mandates, with a focus on the energy sector.
The firm acts for corporations, underwriters, private equity firms and investment banks across domestic and cross-border capital markets transactions.
In its M&A
practice, the firm has experience in acting for clients such as buyers, sellers, and special committees across the spectrum of M&A matters.
Clients include Bank Royal Indonesia, Bank J Trust Indonesia,
Berau Coal Energy, Bakrie Telecom, Bukalapak.com and Tencent.
Research period review: 32nd edition (2022/2023)
The banking team was active on
cross-border financing transactions.
In the capital markets area, the firm advised on debt and equity transactions. On the debt side it mainly acted for issuers on bond issuances, while advising
issuers on rights issues and IPOs on the equity side.
In its M&A and restructuring practice, the firm acted for sellers and investors on deals in various
sectors including oil and gas and food and beverage.
The firm recruited partner Ken
Prasadtyo for its capital market, corporate and merger and acquisitions, financial services,
technology and media and telecommunications team. Yogie Sugiharto, who was partner of the banking and finance, corporate and M&A, projects and infrastructure and restructuring and insolvency team, departed the firm.
Deal highlights: 32nd edition (2022/2023)
Mayora Group acquisition of Bank Mayora
Apexindo Pratama Duta $215 million mandatory convertible bonds issuance
Perusahaan
Pengelola Aset sukuk issuance
Waskita Karya Realty and Waskita Fim Perkasa medium-term notes issuance
Indika Energy
and Fourth Partner Energy joint venture
Testimonials: (2025)
Banking and finance
“TnP Law Firm had shown deep and extensive expertise in the field of banking and finance during the work with us. They are also easily to communicate with and to be reached out therefore we can address our concern appropriately and their work was delivered in timely manner. We are happy with their work.”
“TnP Law Firm strives to always deliver their works on time without jeopardizing the quality of the work, and their Partner Melissa is quick to grasp the client's needs and managed to always come up with strategy and/or solutions to fulfill the client's needs.”
Capital markets: Equity
“Extensive knowledge to capital market regulations as well as the experience or best practice in providing legal advice for the capital increase transaction.”
M&A
“TnP has technical expertise combined with local practice knowledge. On top of that TnP shows very high commercial sense. The team from partner level to the working team is very supportive.”
“What makes TnP Law Firm in Indonesia stand out is their extensive experience in advising and representing state-owned enterprises (SOEs). Their legal considerations are well-aligned with the regulatory framework and practical realities specific to our operations. In addition, TnP Law Firm in Indonesia is able to deliver accurate legal reviews and assessments within a relatively short timeframe, which has been critical to our decision-making processes.”
Project finance
“They seemed to be mastering the regulations and have an experienced team to work with.”
Melissa Butarbutar
“Melissa consistently provides well-considered legal advice that takes into account not only legal and corporate aspects, but also relevant industry practices, particularly among other Indonesian state-owned enterprises (BUMNs). Her insights are always enlightening and tailored to the practical realities we face.
We have frequently received constructive suggestions from her including timely reminders on seemingly minor yet critical matters—such as alignment with our Articles of Association or the need for shareholder approval—which could easily be overlooked. Her attention to such details is highly valuable.
Melissa is also highly responsive and accessible, even in urgent situations. She is able to promptly deliver clear preliminary advice, followed by a comprehensive legal analysis—either directly or through her team—within the timeline we require. This reliability and depth of support have made her a trusted legal advisor for our team.”
“She is always ready for a quick phone call to discuss urgent matters and can grasp our needs quickly, and provides proposed solutions within a timely manner.”
Eldwin Islamey
“He did a good job in the delivery of our mother vessel from the seller.”
Brahmantyo Jatiwidianto
“Very good in communication and accommodating our needs.”
Ken Prasadtyo
“Ken Prasadtyo has a really good knowledge about capital market regulations and extensive experience in providing legal advice as well as problem solving skill in overcoming any issue within the completion of the transaction.”
Frans Sihasale
“He is great to listen and give prompt feedback whenever we have concerns during our work together.”
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