ABNR Honored in Korea for Work on USD 711-million EV Battery Plant Financing Deal
27 Nov 2023
We are pleased to share that an ABNR deal was recently named “Project Finance Deal of the Year” at the prestigious 2023 Asian Legal Business Korea Law Awards, which were presented at the Conrad Seoul hotel on Nov. 10. The winning deal saw ABNR advise Australia & New Zealand Banking Group Limited (ANZ), as syndication lead lender, on the USD 711-million financing provided to the Hyundai…
New Indonesian Regulation Attempts to Control Growth of ‘Social Commerce’
14 Nov 2023
The e-commerce landscape in Indonesia has seen tremendous growth and transformation in recent years, including the emergence of what is termed “social commerce,” that is, business models that combine features of both social media and e-commerce. The growth of social commerce significantly affected traditional market traders and other existing business models in Indonesia, leading to loud…
OJK Aims to Boost Indonesia’s ‘Green’ Credentials via Newly Opened Carbon Exchange
10 Nov 2023
A. What exactly is carbon trading? With climate change becoming an increasingly urgent issue, 196 countries adopted the Paris Agreement at the UN Climate Change Conference (COP21) on 12 December 2015, and it came into force on 4 November 2016. It is critical that countries that signed up to the Paris Agreement now fulfill their obligations to contribute to the reduction of greenhouse gas emissions…
ABNR Receives Three Top Accolades at 2023 ‘ALB Indonesia Law Awards’
06 Nov 2023
ABNR’s position as one of Indonesia’s top law firms was confirmed once again at the tenth iteration of the Asian Legal Business (ALB) Indonesia Law Awards, which were presented on Wednesday, Oct 25, during a glittering ceremony at the Jakarta Pullman hotel in Central Jakarta. This year saw the firm come home with three prestigious awards: Woman Lawyer of the Year (Ms. Rita Taufik) Medical…
New Indonesian Guidelines on Workplace Sexual Harassment: Improvements Still Needed
11 Oct 2023
Introduction Following the enactment of the Sexual Harassment Law[1] in 2022, on 29 May 2023 the Minister of Manpower (“MoM”) issued MoM Decree No. 88 of 2023 on Guidelines for the Prevention of and Response to Sexual Harassment in the Workplace (“Guidelines”),[2]which provides technical guidance for employers and other stakeholders on how best to prevent and respond…
New Legislation to Kick Start Much Needed Health Sector Reform in Indonesia
12 Sep 2023
With Indonesians spending an eye-watering Rp 100 trillion (USD 6.6 billion) on overseas healthcare every year, the government and national parliament have finally moved to institute a number of much-needed reforms to the domestic health sector, notwithstanding entrenched opposition from the country’s doctors. The reforms are set out in a new omnibus health law (Law No. 17 of 2023) that entered…
ABNR Acts for PT Bank IBK Indonesia on USD 66-million Rights Issue
06 Sep 2023
ABNR advised PT Bank IBK Indonesia Tbk, the Indonesian majority owned subsidiary of South Korea’s state-owned Industrial Bank of Korea, on their recent rights issue that raised approximately IDR 1 trillion (USD 66 million), after deduction of fees and costs. The transaction was closed on 28 July 2023. The rights issue was conducted in order to give effect to Industrial Bank of…
Students gain exciting insight into the legal world at ABNR Open Day
09 Aug 2023
We are thrilled to share the success of our ABNR Open Day, held on Saturday, August 5, 2023. The event welcomed a diverse group of 100 aspiring law students from various universities across Indonesia, offering them a firsthand glimpse into the world of a modern commercial law firm. Our team was delighted to extend a warm welcome to the students, fostering a unique opportunity for them to interact…