‘One of the best teams in the Indonesian capital markets sector’, Assegaf Hamzah & Partners is highly sought after by government agencies, corporations, and financial institutions for its expert legal counsel. The firm plays a pivotal role in numerous high-profile, complex IPOs and is especially well regarded for its expertise in Shariah-compliant investment and financing transactions. Putu Suryastuti leads the practice and is valued for both her transactional prowess and compliance and corporate governance counsel. Bono Daru Adji has been active on both offshore and onshore issuances, with a strong body of working relating to green and sustainability-linked bonds, while Tunggul Purusa Utomo is a go-to by energy and TMT-focused clients. Mohammad Renaldi Zulkarnain continues to act on behalf of the Government of Indonesia in Shariah-compliant issuances. Intan Paramita and Inda Nur Arifiani Ranadireksa, who was promoted to partner in 2024, also come recommended.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Assegaf Hamzah & Partners has supported us as legal counsel several times both for issuances in the global market as well as domestic retail market. We really value AHP as they have expertise and extensive knowledge on all legal aspects of the Sukuk issuance. Team members also show good personalities and are highly dedicated to their work.'

  • ‘They are all well equipped with extensive capacity and able to work seamlessly and collaboratively.'

  • ‘They have in-depth knowledge regarding various law in Indonesia, and are able to provide legal advice tailored to specific cases.’

  • ‘Assegaf Hamzah & Partners are one of the best teams in the Indonesian capital markets sector. They are equipped with excellent knowledge of the regulatory aspects and have capacity in providing their views and influence to the relevant Government institutions with regards to the capital market regulatory issues.’

  • 'AHP has been exceptional in meeting our legal needs. Their deep understanding has been pivotal in navigating the complexities of the capital market issues that we were facing.'

Key clients

  • PT Medco Power Indonesia
  • PT Indonesia Infrastructure Finance
  • PT Medco Energi Internasional Tbk.
  • PT Merdeka Battery Materials Tbk
  • PT Barito Renewables Energy Tbk
  • PT Mastersystem Infotama Tbk
  • PT Mandiri Herindo Adiperkasa Tbk
  • PT Wicaksana Overseas International Tbk
  • Government of Indonesia
  • Medco Maple Tree Pte. Ltd.
  • PT Chandra Asri Petrochemical Tbk.
  • PT GoTo Gojek Tokopedia Tbk.
  • PT Indika Energy Tbk
  • PT KB Finansia Multi Finance
  • PT WIR Asia Tbk
  • PT XL Axiata Tbk

Work highlights

  • Represented PT Barito Renewables Energy Tbk (“BREN”) in their Initial Public Offering (IPO) on 9 October 2023.
  • Assisted Medco Maple Tree Pte. Ltd. and PT Medco Energi Internasional Tbk.Medco’s issuance of US$500 million Global Bond.
  • Advised Indonesia Infrastructure Finance’s on the issuance of 2023 Green Perpetua that were publicly offered to the Qualified Institutional Investors.

Lawyers

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Practice head

The lawyer(s) leading their teams.

Putu Suryastuti

Other key lawyers

Ahmad Fikri Assegaf, Bono Daru Adji, Tunggul Purusa Utomo, Mohammad Renaldi Zulkarnain, Intan Paramita, Inda Nur Arifiani Ranadireksa