Pramudya Oktavinanda

UMBRA - Indonesia

Managing Partner

Jakarta

+62 21 5082 0999

Highly regarded

English
Bahasa Indonesia


Jurisdictions:

Indonesia

Practice areas:

Capital markets : Debt
Capital markets : Equity
M&A


Pramudya Oktavinanda (Pram) is the Managing Partner of UMBRA – Strategic Legal Solutions and the go-to lawyer for any challenging and state-of-the-arts transactions that require systematic combination of immense legal skills, business acumen, pragmatic attitude, and imaginative thinking.

During his nearly two decades of career, Pram has represented major governmental, local and international clients in some of the largest and most sophisticated national and cross border transactions covering the full spectrum of legal services that include: (i) mergers, acquisitions and spin-offs of public and private corporations, (ii) special situations, corporate, debt & pre-IPO restructuring, (iii) corporate compliance, investigative audits, and out-of-court complex dispute settlement, (iv) product development and compliance service for TMT business (including creation of digital apps and new technology), (v) project development and financing (conventional and Sharia) for power, energy, infrastructure and TMT industry, (vi) public policy making and government relations, (vii) public offerings and private placements of equity and debt securities (covering local and international offerings under Rule 144A/Reg S of the US Securities Act of 1933), and (viii) estate planning for conglomerates and family-owned company groups. His wealth of experience covers more than 300 deals with a combined value of deals closed in the amount of at least USD65billion.

In addition to being academically trained in the art of Law & Economics, Legal Interpretation, and Islamic Law as a Doctor of Jurisprudence from the University of Chicago Law School, Pram is well versed in various intricate industries such as telecommunication, broadcasting, digital and new technology (including over-the-top, blockchain, and IoT), data & analytics service, power, energy, infrastructure, and state-owned enterprises.

After founding UMBRA in November 2017, Pram was immediately acknowledged by numerous prominent international legal directories for his skills and leadership in Indonesian legal market, developing UMBRA from a 3-lawyer firm to one of the biggest firms in Indonesia (with 70 fee earners around the clock), becoming the fastest growing and the youngest law firm with the most numbers of awards in the history of Indonesian legal industry.

Pram is also the youngest Indonesian lawyer to date who has received the largest number of accolades and recognitions from reputable international and local legal directories, a feat that he has consistently maintained since 2018. To name a few of his achievements, he is consecutively named as one of Asian Business Law Journal’s Top 100 Indonesian Lawyers (2018-2022), nominated as the youngest ever “Deal Maker of the Year” by Asian Legal Business (ALB) in its 2018-2021 Indonesian Law Firms Award, and acknowledged as a “Highly Regarded – Leading Lawyer” for M&A and Capital Market Transactions in IFLR 2019-2022 Edition and “Distinguished Practitioner” for M&A and Capital Market in Asia Law 2020-2022.

Most recently, Pram is awarded as: (i) 2022’s ALB Asia Super TMT Lawyer, being one of the most outstanding TMT practitioners across the Asian region who have earned wide recognition in terms of client service, (ii) 2021’s ALB Dealmaker of Asia for Indonesia jurisdiction, being one of the standout lawyers who helped make the deals happen in a record year for both M&A and IPO activity, and (iii) Lawyer of the Year for Corporate and M&A in 2021’s and 2020’s Asialaw Awards - Client Service Excellence, being the highest rated lawyer to work with by clients in Indonesian corporate and M&A deals.

  • Representing PT Kereta Api Indonesia (Persero) (KAI) in the proposed acquisition of Soekarno-Hatta airport rail business by its subsidiary, PT Kereta Commuter Indonesia (KCI) from PT Railink (Railink), involving complex restructuring and transfer of debts related to the airport rail assets secured to project lenders. The deal is part of the restructuring and integration of DKI Jakarta’s mass rapid transportation system with the overall goal of creating a better and more efficient public transportation system in one of the biggest and most dense mega cities in the world.
  • Representing Telkom in the IDR6.6 trillion corporate restructuring for the establishment of the largest data center and IT service companies in Indonesia via (i) spin-off of PT Sigma Cipta Caraka’s (TelkomSigma) data center assets to PT Telkom Data Ekosistem (TelkomDataCenter) and (ii) acquisition via new investments by Telkom of TelkomSigma and TelkomDataCenter. It is one of the most complex restructuring transactions given the large amount of third parties contracts and liabilities to be novated by TelkomSigma to TelkomDataCenter and it creates a new precedent for spin-off transactions in Indonesia.
  • Representing PT Telkom Indonesia (Persero) Tbk. (Telkom), the largest telco company group in Indonesia, in its proposed spin-off of Indihome’s consumer broadband business, being the largest internet service provider in Indonesia, to PT Telekomunikasi Selular (Telkomsel) for the purpose of developing the first ever Fixed Mobile Convergence technology in Indonesia.
  • Representing Telkomsel, the largest mobile telecommunication operator in Indonesia, in its IDR10.28 trillion sale and leaseback of its 6,000 telecommunication towers to PT Dayamitra Telekomunikasi Tbk. and development of new BTS towers. Not only that the deal breaks another record in terms of value (being one of the largest deals in Southeast Asia), it also breaks the record for being one of the fastest large scale asset M&A deals to be completed in the region, if not the fastest (completed in less than a month).
  • Representing PT Pembangkitan Jawa Bali (PJB) and PLNE in their IDR1.4 trillion corporate restructuring for the streamlining of their 3 subsidiaries in the field of EPC contractor, O&M services and EPC consulting via share swap-based acquisition and merger.

  • M&A
  • Restructuring and insolvency
  • Capital markets: Debt
  • Capital markets: Derivatives

  • Government and public policy
  • Tech and telecoms
  • Energy
  • Pharma and life sciences
  • Financial services

  • Member of the Association of Capital Market Legal Consultants (HKHPM).
  • Member of the American Law & Economics Association (ALEA).
  • Registered as a Capital Market Supporting Professional with the Indonesian Financial Services Authority (OJK).

  • Faculty of Law, University of Indonesia, Bachelor of Laws (SH) (cum laude) (2005).
  • University of Chicago Law School, Master of Laws (LLM) (2012).
  • University of Chicago Law School, Doctor of Jurisprudence (PhD) (2018).