We have long recognized the importance of Indonesia as a leading business market in Asia. Our firm has been one of the most active law firms in Indonesian business for more than 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 exclusive association with Indonesian law firm Witara Cakra Advocates (WCA) based in Jakarta. The association builds on White & Case's well-established and successful Indonesia practice, based primarily in Singapore, which covers corporate transactions, finance, capital markets, restructurings, projects, disputes and international trade matters. Together we are able to offer clients a "one stop shop" on cross-border deals involving Indonesia.



White & Case ranked Tier 1: Foreign firms advising on Indonesia-related transactions
The Legal 500 Asia Pacific 2011 – 2022

White & Case ranked as a leading firm in Indonesia Corporate & Finance (International Firms)
WCA ranked as a leading firm in Indonesia Banking & Finance and Capital Markets
Chambers Asia-Pacific 2022

WCA ranked Tier 1: Indonesia: Banking & Finance
WCA ranked as a leading firm in Indonesia Capital Markets and Corporate M&A
The Legal 500 Asia Pacific 2022

"We are satisfied with their ability to grasp the commercial aspect of the agreements besides the legal aspects. They complete the work in very limited time by working closely with us."
Chambers Asia-Pacific 2022

"Well known for handling a range of Indonesian work, including capital markets offerings, M&A, banking and project finance."
Chambers Asia-Pacific 2022

"Deep knowledge of the local Indo laws; great coordination with the global/English Law team and able to come up with solid advice."
The Legal 500 Asia Pacific 2022

"The team has wide coverage and experience in most sectors, and is very responsive and open-minded."
Chambers Asia-Pacific 2021

"They are very good and have a good skill set and knowledge. They bring international standards, but also have a good on-the-ground presence so are able to bring in local expertise."
Chambers Asia-Pacific 2020


US$2.5 billion business combination with FinAccel
VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a SPAC sponsored by Victory Park Capital, on its US$2.5 billion business combination with FinAccel, the parent company of Indonesian digital consumer credit and "Buy Now Pay Later" platform Kredivo.

US$6 billion merger of PT Indosat and PT Hutchison 3 Indonesia
Representation of Ooredoo Group, a leading international telecommunications company, in the US$6 billion merger of PT Indosat Tbk (Indosat Ooredoo), an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia (H3I), an Indonesian subsidiary of CK Hutchison Holdings Ltd., to form PT Indosat Ooredoo Hutchison Tbk.

Indonesian IPO of PT Tbk
Representation of the underwriters in the US$1.5 billion IPO of PT Tbk (Bukalapak) on the IDX, which includes a Rule 144A/Regulation S offshore tranche. Bukalapak is a leading Indonesian e-commerce company and the first Indonesian unicorn technology startup company listed on the IDX.

Rights offering by PT Bank Rakyat Indonesia (Persero) Tbk
Representation of the international joint global coordinators and the domestic joint global coordinators on the approximately IDR 95.92 trillion (US$6.7 billion) rights issue by PT Bank Rakyat Indonesia (Persero) Tbk, an Indonesian state-owned enterprise.

Bangkok Bank's acquisition of Bank Permata Tbk
Representation of Bangkok Bank Public Company Limited in its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk from Standard Chartered Bank and PT Astra International Tbk.

Financing to an Asian towers business sponsored by Digital Colony
Representation of Deutsche Bank Singapore Branch, as mandated lead arranger, in a US$350 million loan facility to an Indonesian subsidiary of Edgepoint Group, an Asia-focused towers business sponsored by the US$25 billion infrastructure investor, Digital Colony.

Indonesian IPO of Avian
Representation of PT Avia Avian Tbk (Avian) and certain selling shareholders in the IPO of Avian on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately IDR 10.951 billion (US$771 million). Avian is the market leader in the decorative paint and coating industry in Indonesia.

Indonesian IPO of PT Archi Indonesia Tbk
Representation of the underwriters in the IDR 2.79 trillion (approx. US$194 million) IPO of PT Archi Indonesia Tbk, an Indonesian gold mining company, including a Rule 144A/Regulation S offshore tranche. It is the first IPO with an international tranche to be conducted using the new e-book build system on the IDX platform.

Indonesia's first telecommunications satellite PPP project
Representation of the lenders in the financing of the US$540 million Indonesian Government Multifunction Satellite Public Private Partnership (PPP) Project.

IPO of PT Medikaloka Hermina Tbk
Representation of Citigroup Global Markets Limited, Credit Suisse (Singapore) Limited, DBS Bank Ltd. and PT Mandiri Sekuritas, as joint global coordinators, in PT Medikaloka Hermina Tbk's IDR 1.3 trillion IPO of common shares, and its listing on the IDX, which included an international offering in reliance on Regulation S.

Refinancing for PT Rajawali Corpora's mining arm
Representation of borrowers within PT Rajawali Corpora's mining arm in a refinancing consisting of a US$275 million conventional facility to PT Meares Soputan Mining, PT Tambang Tondano Nusajaya and PT Archi Indonesia; and a US$125 million murabaha facility to PT Meares Soputan Mining and PT Tambang Tondano Nusajaya.

Pre-IPO investment in GarudaFood
Representation of CVC Capital Partners in a significant pre-IPO investment in GarudaFood, an Indonesian consumer goods company.

PT XL Axiata's US$267 million sale and leaseback of telecoms towers
Representation of PT XL Axiata, an Indonesian telecommunications provider, in the sale of 2,500 of its telco towers for IDR 3.57 trillion (US$267 million) to PT Profesional Telekomunikasi Indonesia (Protelindo) and in the leaseback of 2,432 of the towers as the anchor tenants for ten years.

Arbitration related to a coal mine in Indonesia
Representation of the US subsidiary of a global engineering company in connection with a potential US$75 million SIAC arbitration relating to the design and construction of equipment for a coal mine in Indonesia.

Insurance claim related to an Indonesian company
Representation of a Chinese bank in an arbitration before the Singapore International Arbitration Centre with respect to a dispute arising out of an insurance claim. The claim relates to a loan provided to an Indonesian company.

Republic of Indonesia
Representation of the Republic of Indonesia in its:

  • Update of The Republic of Indonesia's Rule 144A/Regulation S US$25 billion program and subsequent US$3 billion triple-tranche sukuk offering. Included issuance of a tranche of US$1.25 billion sukuk due 2026, a tranche of US$1 billion sukuk due 2031 and a tranche of US$750 million green sukuk due 2051
  • Update of its Rule 144A/Regulation S US$25 billion Trust Certificate Issuance Program and the subsequent US$2.5 billion dual-tranche sukuk offering thereunder
  • First dual-tranche Eurobond offering, the largest-ever Eurobond offering out of Asia and the largest Eurobond offering by a non-European sovereign to date, selling an aggregate of €3 billion senior unsecured fixed rate notes, comprising a €1.5 billion seven-year tranche and a €1.5 billion 12-year tranche, and issued under its US$40 billion GMTN Program
  • Update and upsize of its existing Sukuk Program from US$5 billion to US$10 billion and the Regulation S/Rule 144A issuance of US$2 billion certificates under the Sukuk Program