Banking & Finance
The firm acts as lenders' counsel for a number of banks including Bank Tabungan Pensiunan Nasional (Bank BTPN) and DBS Bank. Recent highlights include acting for the latter on a USD750 million syndicated loan for mining company Adaro. The firm has also assisted Adaro itself on a number of occasions, including working on amendments of previously arranged bank facilities totalling USD540 million.
Arief Surowidjojo is the head of the banking and finance practice and the key contact at the firm.
This team is led by three partners and concentrates on advising clients on high-level, sophisticated capital markets offerings. It has been particularly focused on debt work over the past year. For example, it recently advised Credit Suisse on Adaro's high-yield bond offering, worth USD800 million. Other clients include Bank Tabungan Pensiunan Nasional and DBS Bank.
Arief Surowidjojo heads the practice.
This firm acts for a number of large international clients on complex and sophisticated transactions. The team continues to be engaged on mandates relating to the financial services and natural resources sectors, and has been increasingly involved in private equity transactions of late. It recently advised Astratel Nusantara on its acquisition of Marga Hanurata Intrinsic, a matter worth USD100 million. It also represented Toyo Engineering in its acquisition of Inti Karya Persada Tehnik. Other clients include Unilever Indonesia, Standard Chartered Bank and Astra International.
Sources say: "They have been very responsive and they make sure services are being delivered."
Arief Surowidjojo is a very high-profile corporate lawyer, and is praised for the length, breadth and depth of his experience. He was the lead partner on the Astratel deal.
Abdul Haris Muhammad Rum is commended for his dedication to clients, with sources enthusing: "He is committed, and will deliver results." He recently took the lead on advising Standard Chartered Private Equity on its USD53 million acquisition of Trikomsel.
Lubis Ganie Surowidjojo has a respected litigation practice which has recently handled a number of noteworthy disputes. The team frequently advises foreign financial institutions in relation to Indonesian disputes. This includes defending CDC Group against allegations over its obligations to sell USD32 million worth of receivables, and acting for Credit Suisse, JPMorgan and HSBC on suspension of debt repayment cases involving Indonesian companies. The firm is also active in administrative dispute matters before the Business Competition Supervisory Commission (KPPU).
"Very strong" practitioner Timbul Lubis heads the firm's dispute resolution practice.
Projects & Natural Resources
This firm has extensive experience in advising government institutions and state-owned organisations on large-scale PPP projects. It represented the Indonesian Infrastructure Guarantee Fund in drawing up legal frameworks for the Central Java Power Plant, the Central Kalimantan Coal Railway Project and the Bandar Lampung Municipal Drinking Water Project, amongst others. It has also advised the Indonesian Ministry of Finance and Indonesian national electricity company PLN on developing regulatory frameworks for large-scale geothermal projects.
Abdul Haris Muhammad Rum heads the practice.
Banking and finance
Arief Tarunakarya Surowidjojo heads Lubis Ganie Surowidjojo’s banking and finance team, which acts for clients such as Bank Mandiri, DBS Bank, the Ministry of Finance and Mitsui Banking Corporation.
Lubis Ganie Surowidjojo’s Arief Tarunakarya Surowidjojo heads the practice, which has been acting for Bank BTPN on bond issuances. Abdul Haris Muhammad Rum advised Dharma Satya Nusantara on its multimillion-dollar IPO.
Corporate and M&A
Dr Mohamed Idwan Ganie heads Lubis Ganie Surowidjojo’s corporate team which delivers ‘highly appropriate advice and business acumen’ to multinationals, Indonesian corporates and financial institutions on cross-border matters. It advised Hitachi on its expansion in the Indonesian market and represented Mitsui & Co during its acquisition of a stake in Asa Foods. Clients recommend Arief Tarunakarya Surowidjojo, who is ‘legally sound, shows much commercial nous, and whose calm temperament lends itself to negotiation’. Arisia Arundati Pusponegoro is also highly recommended.
Lubis Ganie Surowidjojo has extensive experience in corporate and commercial disputes. Timbul Thomas Lubis heads the practice.
Projects and energy
Lubis Ganie Surowidjojo advises government bodies such as the Ministry of Finance and Indonesia Infrastructure Guarantee Fund on the national infrastructure development programme. Recent mandates include the $900m Rantau Dedap and $1.6bn Sarulla geothermal power projects as well as the $3bn-$4bn South Sumatra coal mine power plant development. Abdul Haris Muhammad Rum heads the team, which includes the well-regarded Arisia Arundati Pusponegoro.
Timbul Thomas Lubis heads Lubis Ganie Surowidjojo’s real estate team, which is best known for construction law.
Restructuring and insolvency
Lubis Ganie Surowidjojo remains active in major restructuring matters. Mohamed Idwan Ganie acted for the bondholder in the debt restructuring of a $119m senior secured notes issuance by Davomas International Finance Company. Ganie and Rofik Sungkar advised HSBC and Value Partners Credit Fund on the proposed default of shipping company Berlian Laju Tanker and assisted Gramercy Distressed Debt Master Fund during the default by Buana Listya Tama. Arief Tarunakarya Surowidjojo heads the team.
Dr Mohamed Idwan Ganie’s team at Lubis Ganie Surowidjojo has been advising financial institutions such as HSBC on borrower default issues. It handles the full spectrum of wet and dry shipping matters.
Formed in 1985 by founding partners Timbul Thomas Lubis, Mohamed Idwan Ganie and Arief Tarunakarya Surowidjojo, Lubis Ganie Surowidjojo is particularly noted for its government and advocacy work.
The firm has been heavily engaged advising the Indonesian Ministry of Finance on a number of major projects that fall under the second stage of its 10,000 MW fast track program, which is aimed at meeting the country's increasing energy needs and includes 4,000 MW of geothermal power. These are: the Wampu hydroelectric power plant project in North Sumatra, the Sarulla geothermal power project, the Rantau Dedap geothermal power plant project and the Muara Laboh and Rajabasa geothermal power projects.
Projects partner Arisia Arundati Pusponegoro and senior natural resources partner Abdul Haris Muhammad Rum are the lead partners on each of the projects. In addition, Pusponegoro has been advising the government's Indonesia Infrastructure Guarantee Fund on the Central Kalimantan Coal Railway project and the SumSel 9&10 mine mouth plant projects.
Well-known disputes specialist Lubis heads the firm's well-known litigation practice. Managing partner Ganie, who has over 30 years of experience, has been leading the firm's teams on two of Indonesia's most high profile shipping restructurings, working with partners Harjon Sinaga and Rofik Sungkar. The firm has been representing HSBC and other entities on Berlian Laju Tanker's multi-billion dollar debt restructuring, and HSBC and a group of offshore bondholders on the court debt restructuring for Arpeni Pratama Ocean Line.
Lubis Ganie Surowidjojo is recognised for both its commercial work and its dispute practice, and is particularly strong in natural resources, projects and restructuring and insolvency matters.
Since September 2013, the firm has been in an association with international firm Clyde & Co.
The firm, which was founded in 1985 by partner Timbul Thomas Lubis, current managing partner Mohamed Idwan Ganie and partner Arief Tarunakarya Surowidjojo, has been mandated on a number of recent high-profile projects.
Projects partner Arisia Arundati Pusponegoro and senior natural resources partner Abdul Haris Muhammad Rum have been acting for the Indonesian Ministry of Finance on a number of projects under the second stage of the government’s 10,000 megawatt fast track program. These include the Sarulla, Rantau Dedap, Muara Laboh and Rajabasa geothermal power projects and the Wampu hydroelectric power plant project, in North Sumatra.
The firm also has a key role on the SumSel 9&10 mine mouth plant and Central Kalimantan Coal Railway projects, with Pusponegoro leading the firm’s work advising the government’s Indonesia Infrastructure Guarantee Fund.
Lubis heads the firm’s disputes practice, and has considerable experience acting on matters relating to commercial, labour, property, real estate and maritime law. Together with litigation partners Harjon Sinaga and Rofik Sungkar, Lubis has been acting for HSBC and other parties on Berlian Laju Tanker’s multi-billion dollar debt restructuring, and as well as HSBC and offshore bondholders on the court debt restructuring for Arpeni Pratama Ocean Line.
A New Cornerstone of Legal Services in Indonesia
Periodical Review of Indonesian Politics, Economy and Other Public Issues
LGS Newsletter on Various Legal and Business Issues
Government Officials and Prominent Business Actors in Indonesia
Important Addresses You Should Know