Drew & Napier’s team of specialists has covered Indonesia for more than 10 years.
We provide a full range of services across industries including dispute resolution, corporate advisory work, and transactional services on foreign direct investment, mergers and acquisitions, projects and infrastructure, and workouts.
Our clients include institutional investors, corporate and individual shareholders, and management. We help to negotiate, structure, and document their investments and transactions.
We have readily available resources, including a network of associates and local practitioners for Indonesian investment, tax, and related matters. Our team has worked on numerous transactions and contentious matters in Indonesia and is able to contribute a keen understanding of the problems and solutions faced by client with interests there.
For more details on our Indonesian Group, please click here.
We provide effective and legal solutions to ownership restrictions, including the use of quasi equity instruments such as convertible bonds, loans and loanstock; and our tax specialists assist clients in arriving at a tax optimum structure both from the point of view of the jurisdiction of investment and the jurisdiction of remittance. For clients wishing to invest in Indonesia through Singapore, we are able to share our experience with other investment outfits and to provide practical advice on structure, tax incentives and regulation. We have advised on investments such as Softbank’s investment into PT Bank Negara Indonesia Tbk, KT & G’s investment into one of Indonesian’s leading tobacco players, etc.
Mergers & Acquisitions
We have considerable experience advising both institutional investors and leading Indonesian groups on acquisitions and disposals both public and private. We are able to assist with regulatory issues such as competition law issues and capital market regulations. Our years of experience in Indonesia has ensured that we have been involved in many landmark transactions including advising Temasek on its $1.5 billion divestment of its stake in Bank International Indonesia to Maybank, the acquisition by PT Bakrie Sumatera Plantations Tbk of Domba Mas’ state of the art oleochemical facility, etc.
Mining & Natural Resources
We have advised a plethora of nationalities such as Chinese, Indians, Russians, and even Indonesians on numerous acquisitions and disposals of mining concessions and palm oil plantations. In 2010 alone, we were involved in the acquisition and or development of 60,000 hectares of mining area and in excess of 60,000 hectares of palm oil plantations.
Corporate Restructuring & Workouts
Our high level of expertise and depth of experience have led to our appointment to handle complex cases like restructuring Asia Pulp & Paper’s US$16 billion debt and TPPI’s US$1.5 billion debt restructuring with the Indonesian government. We frequently advise debtor companies and we believe that a key element to advising debtor companies is the ability to successfully negotiate with all creditors in order to achieve a consensual outcome that benefits all parties – our clients, its bankers, as well as its trade creditors. At the same time, our unparalleled strength in litigation means that in the event of a dispute, our clients will be represented by some of the most formidable advocates in Asia.
Private Client Services
Our expert advice is frequently sought after by high net-worth individuals and families in Indonesia particularly after the Tax Amnesty in Indonesia and the adoption of Automatic Exchange of Information pursuant to Common Reporting Standard. Our services include tax and estate planning, establishment of trusts and philanthropic structures, reorganisation of offshore holding structures and businesses, as well as immigration and citizenship applications.
Our team of Mandarin speaking lawyers has extensive experience in Indonesia and has been involved in most of the largest transactions there. They use their Indonesian expertise to advise Chinese companies on acquisitions, investments, joint ventures, and disputes in Indonesia. The Chinese companies we represent come from many industries including shipping, energy, resources, banking, infrastructure, financial, entertainment and lifestyle.
Please see our Greater China Desk webpage for further details.
Chambers Asia-Pacific and Global
Corporate & Finance (Desk based abroad): Indonesia 2020 — Leading firm for 5 consecutive years
Well known for handling high-profile disputes in the region. Also offers substantial expertise in banking and finance, M&A, energy and natural resources, projects and infrastructure issues. Considered a go-to firm for major restructuring and insolvency matters, with an especially established reputation acting for Indonesian debtors. Regularly assists Indonesian and Singapore-headquartered companies as well as high net worth individuals.
One client comments: "The team gives good commercial advice both on Indonesian law and on the deal documents, and is focused on getting the job done."
Sources acknowledge the team's high-quality services. One client points out: "They are different from other firms; they understand the client's needs and offer out-of-the-box suggestions."
Another client notes being impressed by the firm's cross-border work, acknowledging that "they have a good understanding of international and regional" issues.
Chambers High Net Worth Guide
Indonesia: Private Wealth Law (Expertise Based Abroad: Singapore) 2018
Julian Kwek for 2 consecutive years
Kwek's practice is broad-ranging, and includes private equity, cross-border M&A and joint venture matters. He works with both Indonesian clients and wealthy inward investors.
Kwek helps high net worth families to reorganise offshore holding structures and businesses, as well as assisting with immigration and citizenship applications.
He also advises on tax efficiency and complying with the Common Reporting Standard.