Founded in 2017, up-and-coming law firm UMBRA is located in Jakarta and is helmed by managing partner Pramudya Oktavinanda. The firm has high-quality banking and restructuring practices and is also strong in capital markets, M&A and project development.
Recent examples of the firm’s deal work include advising the Government of Indonesia's landmark dual-currency global bond issuance. This SEC-registered offering represents the government's fifteenth global bond in this format and its largest-ever USD/EUR issuance. The dual-currency structure diversified the investor base, while the euro tranche marked only the second-ever sustainable development goals bond in that currency.
Other highlights include advising Indonesia Investment Authority (INA), the nation's sovereign wealth fund, in the landmark early retirement of the Cirebon-1 coal-fired power plant. This is a pioneering and highly complex transaction, being the first of its kind in Indonesia.
Pelabuhan Indonesia, Accial Capital, Danareksa, Telkom Indonesia, Jasa Marga, Bank Tabungan Negara, Perusahaan Gas Negara, TBS Energi Utama, Indonesia Power, and Aneka Tambang (Antam).
“UMBRA is a safe pair of hands. Very proactive and commercially minded. Putu and his team helped us navigate the complexities of the Indonesian legal landscape.”
“Always provides swift responses and available at any time.”
“Manages the team well, ensuring good service quality. Provides good partner supervision without overservicing.”
