“a stalwart of the Indonesian corporate sector” – Chambers
“a long-standing presence in the mining and energy market” – Chambers
“The partner you engage on a deal works on the deal and completely oversees and carries the work. As a result, the work gets done extremely well and in an efficient and productive manner.” – IFLR1000
“"handles all restructuring work in Indonesia", says a rival partner” – IFLR1000
“very commercially minded and innovative, and is prepared to look at things from a different angle” – Asialaw Profiles
“one of the fast growing litigation practices among corporate law firms in Indonesia” – Asialaw Profiles
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Banking & Finance
This well-established firm remains deeply entrenched in the fibre of the Indonesian banking scene. Highlights include acting for DBS Bank, as facility agent, in a USD750 million multicurrency facility agreement with Adaro Energy. It also assisted Saptaindra Sejati in relation to a USD400 million loan facility.
Arief Surowidjojo, a leading academic and finance lawyer, spearheads the practice.
Arief Surowidjojo is a highly experienced practitioner who has contributed to the firm's high profile in capital markets.
This firm is a stalwart of the Indonesian corporate sector and it maintains strong connections within the financial services community. In recent highlights, the team advised Astra International on its acquisition of PT General Electric Services for approximately USD210 million.
Arief Surowidjojo is an experienced and widely respected Indonesian practitioner. He is hailed as "an instrumental figure" in the practice who is "very much appreciated and recognised by all." His colleague Abdul Haris Muhammad Rum possesses particular expertise in relation to the natural resources sector.
This well-established firm retains a prominent position in the Indonesian litigation sphere. The team acts in a high volume of litigation cases for a variety of high-profile clients.
Experienced practitioner Timbul Lubis is a pivotal figure in the team.
Projects & Natural Resources
This firm benefits from strong relationships with many of Indonesia's leading corporations, and it has a long-standing presence in the mining and energy market.
Abdul Haris Muhammad Rum leads the group.
A formidable shipping and maritime practice.
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Banking and finance
Mohamed Idwan (Kiki) Ganie and Arief Surowidjojo head the practice, which recently acted as local counsel to the banks on a $400m senior loan facility to a subsidiary of Adaro Energy.
At Lubis Ganie Surowidjojo Arief Surowidjojo leads a team that is rated for its experience on bond offerings. Highlights included advising a mining company in a major share transfer.
Corporate and M&A
Lubis Ganie Surowidjojo has a broad client base that includes mining companies and banks.
Lubis Ganie Surowidjojo advises clients in disputes arising from restructuring and bankruptcy proceedings. Timbul Thomas Lubis is recommended.
Projects and energy
Lubis Ganie Surowidjojo’s expertise covers mining, toll roads and other infrastructure projects. Mohamed Idwan (Kiki) Ganie is recommended.
Lubis Ganie Surowidjojo is noted for its construction experience.
Restructuring and insolvency
Lubis Ganie Surowidjojo has a strong pedigree in bank restructuring matters and has previously advised the Indonesian Bank Restructuring Agency (IBRA).
Lubis Ganie Surowidjojo handles both wet and dry work for a range of clients. The team has previously represented Itochu Corporation regarding oil pollution in Indonesia, and also assisted Pusan International Law Offices regarding a ship arrest in Batam.
The IFLR1000 is the guide to the world's leading financial law firms. Based on extensive independent research, we provide rankings and analysis of the best financial law firms operating in more than 100 markets worldwide
Capital markets and mergers and acquisitions
"Very commercially minded and innovative, prepared to look at things from a different angle," comments one client of the firm. The ability to continuously implement current developments of laws and regulations, especially in the capital markets, is often praised. One rival law firm comments: "I think LGS is the dean of capital markets."
The firm has been active in advising on several acquisition transactions that are still on-going, among them advising a mining services company on the proposed acquisition of a 30% stake in group of coal mining companies in Sumatera and South Kalimantan.
Other capital markets transactions include advising a company in the acquisition of a group of shipping companies in Indonesia and Singapore, which involved the rights issue of the target company and renouncement of the seller's entitlement to subscribe for shares to be issued in the rights issue.
Another highlight was advising PT Recapital Securities as the standby buyer in the subscription of shares in connection with the rights issue of PT Bank Eksekutif International worth Rp512 billion ($60 million)
In M&A the team advised PT Recapital Advisors as the buyer in the acquisition of PT Bank Eksekutif for $40 million. This acquisition involved the structure of rights issues to the bank and renouncement of shareholders' entitlement to PT Recapital Securities
Banking and finance
Lubis Ganie Surowidjojo "handles all restructuring work in Indonesia", says a rival partner. The team has a solid record advising on bank restructurings and has acted as counsel to the Indonesian Bank Restructuring Agency.
Satisfied clients note that: "The partner you engage on a deal works on the deal and completely oversees and carries the work. As a result, the work gets done extremely well and in an efficient and productive manner."
The past year has seen the team advise PT Recapital Advisors as the buyer in a $40 million acquisition of PT Bank Eksekutif. This acquisition is for the purpose of a corporate rescue of the Bank and involved the structure of a rights issue and renouncement of shareholders' entitlement to PT Recapital Securities.
Lubis Ganie Surowidjojo "understandably receives the majority of the restructuring work in Indonesia", says a competitor.
Other notable transactions for the firm include advising the financing for the Rp350 billion ($41 million) acquisition of PT Bank Pundi Indonesia (formerly PT Bank Eksekutif Internasional - Recapital). This transaction was had a complex funding structure and had to comply with various Bank Indonesia requirements regulating acquisitions of an Indonesian bank.
Asia Law Profiles’ law firm rankings are based on the recommendations of in-house counsel at the world's most prominent companies and financial institutions, as well as the leading lawyers, attorneys and solicitors in each legal market we cover.
Banking & Finance
Lubis Ganie Surowidjojo “handles all restructuring work in Indonesia”, says a rival law firm partner. The team has a solid record advising on bank restructuring and has acted as counsel to the Indonesian Bank Restructuring Agency.
One satisfied clients says: “The partner you engage on a deal works on the deal, and completely oversees and carries out the work. As a result, the work gets done extremely well and in an efficient and productive manner.”
The firm advised PT Bank Tabungan Pensiunan Nasional on two bond issuances valued at Rp1.3 trillion and Rp1.1 trillion respectively. The team also advised the same client on a rights issue.
Lubis Ganie Surowidjojo is widely recognised for its corporate and commercial law expertise, with its main focus on the acquisition of companies. The firm has frequently advised on acquisitions involving complex corporate and debt restructuring issues.
One client says: “The firm is very commercially minded and innovative, and is prepared to look at things from a different angle.”
The team advised PT Recapital Advisors on its acquisition of PT Bank Eksekutif. This corporate rescue involved the structure of a rights issue of the bank and a renouncement of shareholders’ entitlement to PT Recapital Securities.
Other work included advising Beaconhouse Educational Services in its acquisition of schools in Indonesia, which included various regulatory issues.
Construction & Real Estate
Lubis Ganie Surowidjojo’s renowned construction team is led by Timbul Thomas Lubis, who is a specialist in the areas of property and real estate.
The firm represented the Ministry of Finance, and Indonesia Infrastructure Guarantee Fund (IIGF) as guarantors, on infrastructure guarantees for the Central Java Power Plant Project. This large scale project included structuring the infrastructure guarantee and providing advice on Indonesian legal issues.
Another notable deal was advising IIGF, and assisting the Indonesian Government, on the Way Sekampung Drinking Water Project in Bandar Lampung. Advice included review of documentation for the IIGF guarantee and the concession agreement. Lampung is one of the first PPP projects under the recently enacted PPP supporting legal and regulatory framework.
The dispute resolution practice at Lubis Ganie Surowidjojo is considered as one of the fast growing litigation practices among corporate law firms in Indonesia. The team is heavily involved on high profile complex cases. For example, it represented PT Medco Energi Internasional and PT Medco E&P Tomori Sulawesi in an antitrust and monopoly case. Another notable transaction included representing PT Krakatau Steel in an arbitration proceeding at the Indonesian National Board of Arbitration.
Energy & Natural Resources
Lubis Ganie Surowidjojo’s energy and natural resources practice is “very experienced in coal and mineral mining, and infrastructure projects”, says a rival partner.
The firm’s experience in handling projects in the fields of mining and energy is highly regarded by peers, with the team assisting on numerous major transactions in the mining sector.
Practice leader Abdul Haris Muhammad Rum has “extensive knowledge of the mining industry”, says a rival partner.
Advising the Ministry of Finance, and Indonesia Infrastructure Guarantee Fund as guarantor, on infrastructure guarantees for the Central Java Power Plant Project.
Another notable transaction was advising Allestari Development on its acquisition of North Maluku-based coal mining company PT Alam Raya Abadi.
Shipping & Maritime & Aviation
Lubis Ganie Surowidjojo’s practice works across all areas of shipping and maritime law. The team is led by senior partner Dr M Idwan Ganie, who is an acclaimed expert in this area.
The firm’s solid international client base includes corporations such as Orchard Maritime, Pan Maritime and Bulk Trading. Some recent transactions include representing Itochu Corporation regarding oil pollution in Indonesia and assisting Pusan International Law Office on a ship arrest in Batam.
Last year’s highlight was representing the European Aeronautic Defence and Space Company NV (EADS) in setting up a limited liability company.
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