Sarinah Establishes Joint Venture with Switzerland’s Dufry and Mexico’s Omega Group

30 Jun 2022 ABNR would like to congratulate state-owned retailer PT Sarinah (Persero) on the signing on 29 June 2022 of their landmark joint venture agreement with widely diversified Mexico-based conglomerate Grupo Industrial Omega SA DE CV and Switzerland-based Dufry AG, a leading travel retailer which operates duty-free and duty-paid shops and convenience stores in airports, cruise lines, seaports, railway…

Flag-carrier Garuda Indonesia’s USD 9.8-billion restructuring gets all clear for takeoff

28 Jun 2022 ABNR would like to congratulate all involved in the recently agreed USD 9.8-billion debt restructuring for the country’s national flag carrier Garuda Indonesia, the largest ever aviation-sector restructuring (PKPU) in Indonesia. The ABNR team, which was headed by partner Mr. Emir Nurmansyah and included partner Mr. Kevin Sidharta, foreign counsel Mr. Theodoor Bakker, senior associate…

Six ABNR Lawyers Named on ABLJ's 2022 List of Indonesia's Top 50 up-and-coming Future Legal Leaders

28 Jun 2022 We are delighted to announce that six ABNR lawyers have been named in the 2022 iteration of “Indonesia’s top 50 up-and-coming future legal leaders,” which was published recently by prestigious Hong Kong-based legal publication Asia Business Law Journal (ABLJ). This year’s list, which was prepared based on the collective views of in-house counsel and Indonesia-focused…

Bank Indonesia Moves to Boost Rupiah Use in International Transactions

21 Jun 2022 With the Rupiah coming under some pressure again vis-à-vis the United States Dollar, the central bank, Bank Indonesia (“BI”), has issued a new regulation to discourage the use of foreign currencies and promote the use of Rupiah in international trade. The new regulation, PBI No. 24/6/2022 on the Use of Rupiah in International Activities (“PBI 24”),[1] entered…

Two senior ABNR litigators admitted to BANI Panel of Arbitrators

03 Jun 2022 We are pleased to report that two senior ABNR litigators and the co-heads of our Dispute Resolution Department, Mr. Sahat A. M. Siahaan and Ms. Ulyarta Naibaho, have been admitted to the Indonesian National Board of Arbitration (BANI)’s Panel of Arbitrators. Between them, Sahat and Uly’s experience and expertise extend across all practice areas and industry sectors,…