Herbert Smith Freehills LLP

Herbert Smith Freehills and associate Indonesian firm Hiswara Bunjamin & Tandjung have represented multiple lessors in Garuda Indonesia’s restructuring, Indonesia’s largest restructuring in recent years.

Hiswara Bunjamin & Tandjung and associated international law firm Herbert Smith Freehills have advised Tokio Marine Asia Pte. Ltd. (TMA), a Singapore-based regional headquarters of the Japan insurance giant Tokio Marine Holdings, Inc., on an increased shareholding in its longstanding Indonesian joint venture, PT Asuransi Tokio Marine Indonesia (TMI). 

Leading Indonesian law firm Hiswara Bunjamin & Tandjung has hired disputes partner Prawidha Murti (Wida) as part of its continued expansion in Indonesia and Asia, alongside associate firm Herbert Smith Freehills.

Leading Indonesian law firm Hiswara Bunjamin & Tandjung has announced five new partner-level promotions and appointments in its corporate and M&A practice. The investment follows several years of record client demand and the firm's regular involvement in headline corporate transactions.

After several years of discussions, the Indonesian Government has finally issued Presidential Regulation No. 112 of 2022 on Accelerating Development of Renewable Power Supply (PR 112/2022).

Indonesia’s Financial Services Authority has issued a new regulation on peer-to-peer lending platforms. As the sector matures, more stringent regulatory requirements have been introduced, applying concepts similar to those found in other financial services sub-sectors.

Innovation and digitalisation in the financial sector have provided investors with easier access to various investment products (including offshore issued securities). The recent appearance of certain market players providing access to various types of offshore issued securities and other investment products to Indonesian investors has resulted in greater attention from a consumer protection perspective.

On 20 September 2022, Indonesia’s President and House of Representatives (DPR) approved the Personal Data Protection bill following six years of deliberation.

The “pandemic” years have been a learning experience for both investors and business. While growth prospects for the Indonesian economy remain promising, global investors appear to be moving towards a more cautious investment strategy.