ABNR Partner Maher Sasongko Named ‘Indonesia Rising Star’ by ‘Asian Legal Business’

20 Feb 2024 We are very pleased to share that ABNR partner Mr. Maher Sasongko has been named an “Indonesia Rising Star 2024” by Asian Legal Business (ALB), a highly regarded, Singapore-based monthly legal journal. According to ALB, their “Indonesia Rising Star“ awards highlight the country’s “top up-and-coming lawyers” who are “not only delivering impressive results,…

Indonesia Ups Mandatory Capital and Equity Requirements for Insurers Amid Continuing Jitters

19 Feb 2024 A corruption case involving then executives of state-owned insurer PT Asuransi Jiwasraya (Persero) culminated in the company’s failure to pay out IDR 16 trillion (USD 1.1 billion) in matured policies due in October and November 2018. The case garnered significant public attention until it sank from the headlines following the outbreak of the Covid-19 pandemic in 2020. However, it was only one…

ABNR advises Indonesian Rail Operator on USD 49-million Train Set Order

12 Feb 2024 We would like to congratulate our valued client, PT Kereta Commuter Indonesia (KCI), a subsidiary of Indonesia’s state rail operator, PT Kereta Api Indonesia (Persero) (KAI), on their signing of a contract for the procurement of 3 new electric train sets from CRRC Sifang, Co. Ltd., one of the oldest railway rolling stock manufacturers in China. The contract, which was signed in Beijing on 31…

ABNR Recommended Across 12 Practice Areas by Legal 500

05 Feb 2024 Following hard on the heels of the 2024 Chambers Asia Pacific results that once again ranked ABNR as a leading Indonesian commercial law firm, ABNR’s position as a top-tier firm has been further confirmed by the 2024 rankings published by The Legal 500 Asia Pacific on Jan 11. The latest Legal 500 Asia Pacific rankings identify ABNR as a Tier-1 firm across a total of nine practice areas: Antitrust…

ABNR Managing Partner Emir Nurmansyah Named ‘Dealmaker of Asia’ by ‘Asian Legal Business (ALB)’

16 Jan 2024 Congrats to ABNR Managing Committee member and partner, Mr. Emir Nurmansyah, on his inclusion for the second consecutive year in the “Dealmakers of Asia” list published in the December 2023 edition of highly regarded, Singapore-based legal publication Asian Legal Business (ALB). This list showcases lawyers who have particularly stood out as top dealmakers in 2023. In their editorial comment,…

ABNR’s Leading Law Firm Status Reaffirmed by Chambers

08 Jan 2024 ABNR’s position as a leading Indonesian commercial law firm has been confirmed once again by the 2024 rankings published by international law firm directory Chambers Asia Pacific, which this year recommends the firm for a total of 10 different practice areas. In addition, ABNR is one of only seven Indonesian law firms ranked in the separately published Chambers Fintech Guide for 2024 ABNR is…

Chambers Fintech Guide Ranks ABNR as Top Tier Firm for Financial Technology

18 Dec 2023 ABNR Counsellors at Law has once again been ranked as a leading Indonesian law firm for financial technology (fintech) by the Chambers Fintech Guide (2024 edition), which also lists ABNR partner Mr. Freddy Karyadi as one of only four Indonesian lawyers to be recommended for this practice area. Mr. Karyadi, a member of the Board of Ethics of Indonesian Fintech Association, also contributed an overview…

Indonesia’s FSA Issues New Regulation to Expand Range of Sustainable Securities

15 Dec 2023 On 5 October 2023, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) issued OJK Regulation No. 18 of 2023 on Issuance and Requirements for Sustainable Debt Securities and Sustainable Sukuk (“Reg. 18” or “New Regulation”).[1] The New Regulation, which entered into force on 10 October 2023, revokes and supersedes OJK Regulation No. 60/POJK.04/2017…

New Indonesian Regulation Streamlines Mining Plan Rules But Imposes Tough New Sanction for Non-Compliance

13 Dec 2023 A. Introduction On 11 September 2023, the Ministry of Energy and Mineral Resources (“MEMR”) issued Regulation No. 10 of 2023 (“Reg. 10”)[1], which establishes new rules that govern the submission, approval and amendment of mining and budget plans (Rencana Kerja dan Anggaran Biaya / “RKAB”) by mineral and coal mining businesses. An RKAB is a document that must be…

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…

Indonesian Introduces New ‘Golden Visa’ Scheme But Faces Tight Competition from Regional Rivals

23 Nov 2023 The Indonesian government has recently introduced a new investment-based “golden visa” scheme. The nuts and bolts of the scheme are set out in Government Regulation No. 40 of 2023 on Immigration (“GR 40/2023”, effective 4 August 2023)[1] and Minister of Law and Human Rights Regulation No. 22 of 2023 on Visas and Residence Permits (“MOLHR Reg. 22/2023”, effective…

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…