Founder and Managing Partner


(6221) 574-7181

Highly regarded

Bahasa Indonesia

Bar admissions:




Practice areas:

Capital markets
Project finance
Restructuring and insolvency

Industry sectors:

Financial services
Industrials and manufacturing
Investment management
Real estate

Dr Yozua Makes is a senior and managing partner at Makes & Partners. He has over 30 years of experience and has handled a broad range of complex cross-border commercial transactions. He is an alumnus of the faculty of law of the University of Indonesia, the University of California at Berkeley (Boalt Hall School of Law), the Asian Institute of Management and Harvard Business School. Yozua was conferred a PhD degree in law by the faculty of law of the University of Indonesia in 2016.

Yozua is actively involved in various professional and social organizations. He was the first appointed member of the National Commission of Good Corporate Governance and is a member of the board of experts of the Indonesian Publicly Listed Company Association. He is a registered legal consultant in the Indonesian Capital Market and Financial Institution Supervisory Board and is a distinguished associate professor at the faculty of law of the prestigious University of Indonesia and Pelita Harapan University.

  • Assisted PT Fajar Surya Wisesa Tbk (“FASW”) in the purchase of shares in FASW by SCG Packaging Public Company Limited through its subsidiary from the existing shareholders of FASW, representing 55% of the total issued and fully paid-up capital of FASW through crossing in the bourse, with a value of approximately IDR 10 Trillion (US$500 Million). 
  • Legal Counsel to PT Mora Telematika Indonesia for the Issuance and shelf public offering of Syariah Bonds by PT Mora Telematika Indonesia in the amount of approximately US$210 million.
  • Acted for PT Sinarmas Asset Management and PT Plaza Indonesia Realty Tbk ("PIR") in the issuance of the largest Indonesian Dana Investasi Real Estat or "DIRE" (Real Estate Investment Fund) listed in the Indonesia Stock Exchange, with the total asset amounting to 13 Trillion Rupiah, namely DIRE Simas Plaza Indonesia. This project involves three listed property tycoons companies (i.e. PIR, PT Bumi Serpong Damai Tbk and PT Indonesian Paradise Property Tbk) and is a combination of a complex unprecedented Capital Market, Mergers & Acquisition and Banking & Finance projects.

  • Banking
  • Capital markets: Equity
  • Financial restructuring
  • M&A
  • Restructuring and insolvency

  • Banking
  • Financial services
  • Real estate
  • Tech and telecoms
  • Tourism

  • Indonesian Bar Association (PERADI)

  • Registered Legal Consultant of the Indonesian Capital Markets and Financial Institution Supervisory Board (BAPEPAM-LK)
  • Board of directors of World Vision in Indonesia
  • member of PERADI

  • Bachelor of Law / Sarjana Hukum (S.H.), University of Indonesia, 1984 
  • Master of Laws (LL.M.), University of California at Berkeley (Boalt Hall School of Law), 1987
  • Master in Management (M.M.), Asian Institute of Management, Manila Philippines, 1991 
  • Advance Management Program (Alumni Degree), Harvard Business School, 2006
  • Doktor Ilmu Hukum (PhD), University of Indonesia, 2016.