Hadhi is a senior associate at ABNR. He has been with the firm since 2007, after graduating from the University of Indonesia, where he majored in business law. As a student, he was active in many student organizations and was nominated for an outstanding student award. In 2015, he earned his LL.M degree with merit from Queen Mary University of London, majoring in Energy and Natural Resources Law.
Over the course of his career his practice has focused on energy and natural resources but he also works on mergers & acquisitions (M&A), project finance and development, and foreign direct investment (FDI), especially on energy and natural resources matters.
Hadhi was involved in a number of significant general mining M&As, including as counsel to South Korea-based Samtan Co. Ltd., for its USD 517 million sale of a 45 percent interest in PT Kideco Jaya Agung to Indonesian energy company PT Indika Energy Tbk and its affiliate, and counsel to PT Toba Sejahtra in the divestment of PT Toba Bara Sejahtra Tbk shares to Highland Strategic Holdings Pte.
In oil and gas M&A, he worked on Asia Pacific Resources’ acquisition of oil company PT Sele Raya Merangin Dua (operator of the Merangin II oil and gas block), and the acquisition of a majority shareholding in KG Wiriagar Petroleum Ltd. (participating interest holder in Wiriagar oil and gas block) by Mitsui Co. Ltd. from Japan Oil, Gas & Metals National Corporation.
In addition, he also assisted Technip FMC and Technip Energies in the restructuring of their business in Indonesia as a result of Technip FMC’s offshore spin-off.
In project finance & development, Hadhi was deeply involved in advising the project company and sponsors on the development of a cutting-edge, ultra-supercritical coal-fired power plant at the 2000 MW Jawa 9/10 power project in Banten – the transaction being named “2021 Project Finance Deal of the Year” by Asian Legal Business.
In mining, he assisted PT Weda Bay Nickel during five years of negotiations with the Indonesian Government for the amendment of their Contract of Work. He is also regularly advises large mining companies, banks and coal traders in a variety of mining-related transactions, including onshore and offshore bank financing, prepayment, mining product sales and purchase or offtake, mining service and infrastructure utilization, and EPC transactions.
In addition, Hadhi is experienced in handling cross-border debt or equity funding for a mining company, including acting as Indonesian counsel to the initial purchasers in a USD 400 million bond issuance by PT Bayan Resources Tbk. He was also Indonesian counsel to PT Toba Bara Sejahtra Tbk in its Initial Public Offering on the Jakarta Stock Exchange, and offshore offering to qualified international buyers under rule 144A.
In foreign direct investment (FDI), using his extensive regulatory knowledge of extractive industries, Hadhi recently advised a leading Chinese battery producer in the development of an end-to-end battery business and ecosystem in Indonesia in cooperation with the Indonesian Battery Corporation and other state-owned enterprises.
He has also worked in numerous foreign investments in integrated upstream and downstream gold, nickel, bauxite and iron-ore processing operations. In line with the government’s policy of strengthening battery and downstream mineral industries, his recent work has included assisting clients with the development of large-scale industrial estates, including matters related to land acquisition and the construction of supporting facilities.