Indonesia | White & Case LLP International Law Firm, Global Law Practice
Indonesia
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 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.

 

AWARDS & RECOGNITION

Ranked Tier 1 among foreign firms advising on Indonesia-related transactions
The Legal 500 Asia Pacific 2011 – 2017

"Everything was great…" "They responded quickly to everything and, most importantly, they have that connection with local Indonesian counsel."
Chambers Asia-Pacific 2017

"They provide clarity and are solution-driven."
Chambers Asia-Pacific 2016

"White & Case Pte. Ltd. has a long history of handling projects in Indonesia', and provides 'excellent business knowledge, competent advice and great response times.'"
Asia Pacific Legal 500 2016

The Republic of Indonesia's US$1.5 billion global Sukuk bond offering was named "Debt and Equity–linked Deal of the Year" at the IFLR Asia Awards 2015 and "Debt Market Deal of the Year" at the ALB SE Asia Law Awards 2015.

Experience

Republic of Indonesia
Representation of the Republic of Indonesia in its:
- 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 7-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
- Update of its US$15 billion GMTN Program and Rule 144A/Regulation S drawdown of US$1.75 billion 5.25% Notes 2042 under the Program in January 2012, and subsequently, in April 2012, its dual tranche Rule 144A/Regulation S drawdown of new US$2 billion 3.75% Notes due 2022 and a US$500 million tap of the 5.25% Notes due 2042.

PT XL Axiata
Representation of PT XL Axiata, an Indonesian telecommunication provider, in the sale of 2,500 of its telco towers for 3.57 trillion rupiah (US$267 million) to PT Profesional Telekomunikasi Indonesia (Protelindo) and on the leaseback of 2,432 of the towers as the anchor tenants for 10 years.

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

Financing for Indorama Corporation Pte. Ltd.
Representation of the mandated lead arrangers, agent and security agent in a US$500 million guaranteed and secured revolving credit facilities to Indorama Corporation Pte. Ltd. Indorama, headquartered in Indonesia, is a global manufacturer of polyethylene, polypropylene, polyester fiber and filament as well as spun yarns, fabrics, and medical gloves and one of the largest producers of polyolefins. This is Indorama’s biggest and most successful financing transaction to date.

Financing for Indonesian theme parks
Representation of Credit Suisse on two credit facilities to two Indonesian borrowers (both subsidiaries of CT Corpora Group) in relation to two major theme parks of Trans Studio in Bandung and Makassar, Indonesia.

PT Link Net Tbk secondary share sale
Representation of 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.

Pipeline construction project
Representation of 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.

Pertamina's RDMP
Representation of Saudi Aramco in connection with its potential joint venture with PT Pertamina (Persero) to expand and upgrade Pertamina’s refinery at Cilacap as part of Pertamina’s Refinery Development Master Plan (RDMP).