Indonesia | White & Case
Indonesian Law

Indonesia

We have long recognized the importance of Indonesia as a leading business market in Asia. Our firm has been one of the most active participants in Indonesian business for over 40 years, earning top rankings for work in Indonesia from legal directories such as Chambers Asia and The Legal 500 Asia Pacific.

To provide support to our clients with business interests in Indonesia, White & Case has an associated office based in Jakarta named WCA. The association builds on White & Case's well-established and successful Indonesia practice, based primarily in Singapore, which covers corporate transactions, finance, capital markets, restructuring, projects, disputes and international trade matters.

 

AWARDS

Ranked Tier 1 among foreign firms advising on Indonesia-related transactions
The Legal 500 Asia Pacific 2011 – 2015

"Pragmatic, on-point legal business advice and extensive experience in Indonesia” and “understands what clients want and has a high level of commercial mindset."
The Legal 500 Asia Pacific 2014

"Vast experience in Indonesia work...."

"What they bring to the table is a very good understanding of the local market - not just the legal market, but also how transactions should be structured. Their commercial awareness is excellent.”

"Proactive and above par in responsiveness."
Chambers Asia-Pacific 2014

Financings for the acquisition of PT Carrefour Indonesia and PT Indonusa Telemedia

We represented the lenders on these financings valued in aggregate at US$1.275 billion. These have been among the largest and most complex financings in Indonesia recently.

PT Link Net Tbk secondary share sale

We represented Credit Suisse, Goldman Sachs, CIMB, PT Ciptadana Securities, BNP Paribas and Deutsche Bank as underwriters in a Rule 144A/Regulation S secondary offering of 912,794,000 shares of PT Link Net Tbk, an Indonesian Internet broadband and cable TV company listed on the IDX, with an offering size valued at approximately US$453 million. CVC Funds and PT First Media Tbk were among the selling shareholders.

Pipeline construction project

Representing an Asian oil major in a US$500 million UNCITRAL arbitration, seated in Singapore and administered by the SIAC, arising from a dispute with a contractor, in connection with a pipeline construction project in Indonesia.

Coal-fired power plant

Representation of an Asian contractor in a potential International Chamber of Commerce (ICC) arbitration, seated in Singapore, arising from a dispute relating to the construction of a 660 MW coal-fired power plant in Southeast Asia.

Senoro gas field

We represented Medco Energi Internasional, Indonesia's largest listed oil company, with respect to a US$260 million reserves-based loan to fund production costs in the Senoro gas field, Central Sulawesi, Indonesia.

Halmahera ferronickel smelter

We represented PT Feni Haltim, as borrower, and PT Antam (Persero) Tbk, as sponsor, on the proposed US$1.6 billion development, construction and operation, and limited recourse financing of a ferronickel smelter in East Halmahera, North Maluku, Indonesia.

PT HM Sampoerna Tbk.

We represented the majority shareholders of Indonesia’s third-largest cigarette maker, in the sale of 40 percent of that company to Philip Morris for US$2 billion. This sale triggered a public offer for the remainder of the company leading to a total transaction value of approximately US$5 billion.

PT Indosat Tbk

We represented PT Indosat Tbk on the procurement of a satellite and an associated joint venture with a European industry leader regarding the operation of a satellite in Indonesia.

Rajawali's £330 million offer to acquire Archipelago Resources plc

We represented PT Rajawali Corporation (Rajawali), a leading Indonesian conglomerate, in relation to Rajawali's unconditional recommended cash offer to acquire 100 percent of the shares of Archipelago Resources plc, a UK incorporated entity listed on AIM.

Republic of Indonesia

Two consecutive US$1.5 billion global Islamic Sukuk bond offerings:
US$15 billion GMTN Program Update.
US$4.25 billion of bond financing in 2012.

One of the largest equity offerings from Indonesia in five years

We represented UBS alongside CIMB and Morgan Stanley on the secondary sale of 40 percent of Matahari Department Store’s outstanding shares valued at IDR 14.6 trillion (approximately US$1.3 billion). This transaction marked a unique secondary sale by a private equity shareholder (CVC) out of Indonesia.

Indonesia
About

We have long recognized the importance of Indonesia as a leading business market in Asia. Our firm has been one of the most active participants in Indonesian business for over 40 years, earning top rankings for work in Indonesia from legal directories such as Chambers Asia and The Legal 500 Asia Pacific.

To provide support to our clients with business interests in Indonesia, White & Case has an associated office based in Jakarta named WCA. The association builds on White & Case's well-established and successful Indonesia practice, based primarily in Singapore, which covers corporate transactions, finance, capital markets, restructuring, projects, disputes and international trade matters.

 

AWARDS

Ranked Tier 1 among foreign firms advising on Indonesia-related transactions
The Legal 500 Asia Pacific 2011 – 2015

"Pragmatic, on-point legal business advice and extensive experience in Indonesia” and “understands what clients want and has a high level of commercial mindset."
The Legal 500 Asia Pacific 2014

"Vast experience in Indonesia work...."

"What they bring to the table is a very good understanding of the local market - not just the legal market, but also how transactions should be structured. Their commercial awareness is excellent.”

"Proactive and above par in responsiveness."
Chambers Asia-Pacific 2014

Experience

Financings for the acquisition of PT Carrefour Indonesia and PT Indonusa Telemedia

We represented the lenders on these financings valued in aggregate at US$1.275 billion. These have been among the largest and most complex financings in Indonesia recently.

PT Link Net Tbk secondary share sale

We represented Credit Suisse, Goldman Sachs, CIMB, PT Ciptadana Securities, BNP Paribas and Deutsche Bank as underwriters in a Rule 144A/Regulation S secondary offering of 912,794,000 shares of PT Link Net Tbk, an Indonesian Internet broadband and cable TV company listed on the IDX, with an offering size valued at approximately US$453 million. CVC Funds and PT First Media Tbk were among the selling shareholders.

Pipeline construction project

Representing an Asian oil major in a US$500 million UNCITRAL arbitration, seated in Singapore and administered by the SIAC, arising from a dispute with a contractor, in connection with a pipeline construction project in Indonesia.

Coal-fired power plant

Representation of an Asian contractor in a potential International Chamber of Commerce (ICC) arbitration, seated in Singapore, arising from a dispute relating to the construction of a 660 MW coal-fired power plant in Southeast Asia.

Senoro gas field

We represented Medco Energi Internasional, Indonesia's largest listed oil company, with respect to a US$260 million reserves-based loan to fund production costs in the Senoro gas field, Central Sulawesi, Indonesia.

Halmahera ferronickel smelter

We represented PT Feni Haltim, as borrower, and PT Antam (Persero) Tbk, as sponsor, on the proposed US$1.6 billion development, construction and operation, and limited recourse financing of a ferronickel smelter in East Halmahera, North Maluku, Indonesia.

PT HM Sampoerna Tbk.

We represented the majority shareholders of Indonesia’s third-largest cigarette maker, in the sale of 40 percent of that company to Philip Morris for US$2 billion. This sale triggered a public offer for the remainder of the company leading to a total transaction value of approximately US$5 billion.

PT Indosat Tbk

We represented PT Indosat Tbk on the procurement of a satellite and an associated joint venture with a European industry leader regarding the operation of a satellite in Indonesia.

Rajawali's £330 million offer to acquire Archipelago Resources plc

We represented PT Rajawali Corporation (Rajawali), a leading Indonesian conglomerate, in relation to Rajawali's unconditional recommended cash offer to acquire 100 percent of the shares of Archipelago Resources plc, a UK incorporated entity listed on AIM.

Republic of Indonesia

Two consecutive US$1.5 billion global Islamic Sukuk bond offerings:
US$15 billion GMTN Program Update.
US$4.25 billion of bond financing in 2012.

One of the largest equity offerings from Indonesia in five years

We represented UBS alongside CIMB and Morgan Stanley on the secondary sale of 40 percent of Matahari Department Store’s outstanding shares valued at IDR 14.6 trillion (approximately US$1.3 billion). This transaction marked a unique secondary sale by a private equity shareholder (CVC) out of Indonesia.