Our M&A team, Mr. Luky Walalangi, Ms. Miriam Andreta, Mr. Hans Adiputra and Ms. Sinta Cestakarani advised Showa Denko on the structuring and successful divestment of Showa Denko from PT Indonesia Chemical Alumina (ICA), a company established in 2007, with a capital of USD 188,500,000 and annual production of 300,000 ton of chemical grade alumina (CGA) resulting to annual sales of US$ 200 million. The divestment resulted in PT Aneka Tambang Tbk owning 100% of ICA’s shares.
We are humbled and honored for the recognition by Asia Business Law Journal of Mr. Luky Walalangi as one of “The A List: Indonesia’s Top 100 Lawyers”. The list is made based on independent research and nominations from in-house counsel and international firms. We are grateful for our clients’ trust and acknowledgements; and at the same time respectfully recognize that many other colleagues should be also named in the list. The privilege from our clients towards our firm would motivate us to always improve ourselves and maintain our clients’ confidence in our services.
One of the many goals that W&P has invested in is for its lawyers to return to the beginning of their rooting education in law, and pass down their knowledge and practice to the younger, aspiring generations. Illustratively, W&P held a seminar at Universitas Pelita Harapan on the 22nd of March, and successfully accomplished spreading their understanding of Indonesian Investment Laws and Tips of Becoming Corporate Lawyers. W&P continues aim for this goal through the many seminars in other universities in Indonesia that they will hold in both near and distant future.
Japanese law firm Nishimura & Asahi (N&A) has announced a new association with Indonesian law firm Walalangi & Partners (W&P) as part of the firm’s strategy to strengthen and expand its Indonesian network.
W&P was founded by experienced Indonesian corporate and financing lawyer Luky Walalangi, and has been fully operational from 1 January 2018. Walalangi is supported by a team of Indonesian lawyers as well as one Japanese lawyer who will be transferred from N&A’s head office in Tokyo.
The firm’s focus will be on supporting inbound investment and financing activity in a variety of sectors with a focus on Japanese investment into Indonesia, working in close co-operation with N&A in addition to building relationships with domestic corporate clients.
“Our firm has been involved in Indonesian business for a number of years and the opportunity to develop a close relationship based around supporting the strategic needs of our clients in Indonesia is fundamental to delivering the best service to those clients,” said N&A’s managing partner, Masaki Hosaka.
“We have worked with Luky Walalangi for a number of years and respect and admire his ability to deliver the standards of service expected by our clients.”
Luky Walalangi added: “I am delighted to be able to strengthen the existing relationship with N&A, with the support of outstanding Indonesian lawyers dedicated to supporting the needs of our common client base in areas ranging from M&A and inbound investment to real estate, antitrust and finance. We have a clear strategy and aim to exceed our clients’ high expectations.”
Our lawyers Mr. T Anggra Syah Reza and Ms. Sinta Cestakarani were invited to attend Fintech Days 2018, in Medan on 22 and 23 March 2018, where they had the privilege and opportunities to elaborate development of Fintech regulations in Indonesia as well as their challenges in the future to a number of substantial Fintech players in Indonesia as well as OJK. Please direct your questions on Fintech to W&P through Ms. Fiesta Victoria, Mr. T Anggra Syah Reza and Ms. Sinta Cestakarani.
W&P is honoured to represent Tokyo Tatemono Co Ltd & Tokyo Tatemono Asia Pte Ltd, one of the biggest Japanese real property companies, in their proposed of more than $ 300,000,000 urban development projects in Indonesia, specifically on the development of certain prominent office and residential towers in the most prestigious area in south Jakarta.
In this challenging project, W&P advises and assists the Clients both from legal and commercial perspectives, particularly in relation to their sophisticated multi layers financing and funding structures and closely work together with them in their joint venture, land acquisition, construction and licensing matters. Our Luky Walalangi and Miriam Andreta involve directly in structuring the Clients’ commercial intention of multi layers funding and our real property and construction lawyers T Anggra Syah Reza and Andhika Indrapraja advise the Clients in the land and construction issues.
W&P is truly honoured to be featured in The Nikkei (The Nihon Keizai Shimbun), one of the world’s largest financial newspapers. The article published on 11 and 12 February 2018 reports the announcement of Nishimura & Asahi’s strategy to strengthen and expand its Indonesian network and accommodate the legal needs of its clients in Indonesia by closely collaborating with W&P. According to the news, Nishimura & Asahi’s decision to take the approach to collaborate with W&P is extraordinary (and pioneering) for Japanese law firms.
W&P is very proud to represent PT Bank Sahabat Sampoerna and Koperasi Sahabat Sampoerna in their proposed acquisition of aggregate IDR 7 trillions (USD 550 millions) loan portfolios of approximately 80,000 small scale – medium scale loan accounts from another licensed Indonesian bank. Our own Luky Walalangi, Miriam Andreta, Fiesta Victoria and Hans Adiputra led this transaction, including in advising and assisting the clients in the structuring complex and sophisticated financing and fundraising structures and the subsequent plan to service the proposed portfolio loans.
Each Luky Walalangi, Miriam Andreta, Fiesta Victoria and Hans Adiputra will be very happy to answer any questions on acquisition, assets financing, financing in Indonesia, and each of them is contactable at his/her email address or office number.