Femalia Indrainy Kusumowidagdo

Associate

Ms. Femalia Indrainy Kusumowidagdo is an experienced Indonesian lawyer with almost a decade of experience and knowledge in banking & finance, infrastructure, and capital markets.

Femalia Indrainy Kusumowidagdo obtained her Bachelor of Laws degree from Universitas Indonesia, where she actively participated in a wide range of organizational activities, among others, the Asian Law Students’ Association (ALSA) and the Students’ Executive Body (Badan Eksekutif Mahasiswa).

Prior to joining Walalangi & Partners, she worked as an associate in another prominent law firm in Indonesia, where she had the privilege of being seconded to branches of American and French banks.

During her years of practice, she has been advising and handling numerous types of clients, including offshore and onshore banks, financial institutions, as well as private and publicly listed companies in the areas of banking & finance, infrastructure, capital markets, and general corporate matters.

Femalia Indrainy Kusumowidagdo has successfully assisted clients in the following prestigious transactions:

  • Counsel to a Japanese Fortune Global 500 company in structuring its proposed direct and indirect investment of an Indonesian publicly listed company, including sophisticated and complex multilayer corporate actions of pre-emptive rights transfer and  subscription of new shares.
  • Counsel to Tokyo Gas Asia Pte. Ltd in the acquisition PT Super Energy Tbk (SE), a publicly-listed Indonesian company, PT Energy Mina Abadi, and PT Gasuma Federal Indonesia and PT Bahtera Abadi Gas. SE company group is one of the most productive Indonesian gas distribution group companies, which is expanding its gas projects throughout Java.
  • Counsel to Japanese trading company in in relation to USD18,000,000 secured committed term collateral loan facility to a mining group company in Indonesia, including the creation of various Indonesian security documents.
  • Counsel to PT Dhost Telekomunikasi Nusantara, a wholly owned Indonesian subsidiary of of DeClout Limited, an Indonesian company engaging in provision of service of equipment and infrastructure of in-building distributed antenna system (DAS) and fibre optic system, in its financing and acquisition process of indoor telecommunication infrastructure assets from PT XL Axiata Tbk, one of the largest cellular telecommunications networks and services provider in Indonesia.
  • Advising one of Japan’s largest banking institutions, in relation to the proposed provisions of perpetual (non-cumulative) subordinated loan to its Indonesian banking subsidiary for the purpose of increasing the subsidiary’s core capital.
  • Advising a leading Japanese telecommunication and a Japanese Fortune Global 500 company on various Indonesian law’s regulatory framework related to its proposed investment in various digital payment and finance sectors in Indonesia, including among others, mobile payment and Q&R code based payment services, online loyalty point related services, digital banking and financing, small loan online services, digital consumer finance (including buy now pay later (BNPL) arrangement), and digital insurance.
  • Counsel to world-leading steel manufacturing companies on their investment in an existing Indonesian foreign investment subsidiary of a notable South Asia automotive and manufacturing company.
  • Advising an emerging Indonesian marketplace platform start-up that facilitates small-medium size enterprises in selling their products online and help them with bookkeeping – in relation to (i) analysis of data collection and storage, payment initiation, administration and verification of source of fund, e-money issuance, (ii) structuring its existing business activities and key licensing requirements, (iii) payment services provider (PSP) license, scope of activities, shareholding and voting rights of foreign shareholders and capitalization and (iv) analysis on its share acquisitions plan of PSP companies.
  • Counsel to major Japanese consumer credit supplier Orient Corp in the acquisition of a majority interest in an Indonesian finance company PT. Mizuho Balimor Finance from Mizuho Bank. Established in 1989, PT. Mizuho Balimor Finance has capital of 448 billion rupiah and receivables of around USD 190 million.
  • Counsel to Mitsubishi UFJ Lease & Finance in its investment in Gojek, as part of its ongoing Series F funding round, which together with investment of Mitsubishi Corporation and Mitsubishi Motors Corporation have raised over US$1 billion investment.
  • Counsel to Hokkan Holdings Corporation (Hokkan), one of the largest Japanese bottling and packaging maker companies, in its 1,262 billion Indonesian Rupiah or approximately 9.5 billion yen acquisition of beverage package manufacturing business from 7 group companies of PT Deltapack Industri (DPI group), which includes transfer and assignment of substantial DPI group’s moveable and immovable assets as well as business portfolios.
  • Counsel to one of the biggest Japanese trading companies in its more than 47,000 sqm development of 10 towers residential project in Bekasi Regency.

Publications: 

  • Andhika Indrapraja/Femalia Indrainy Kusumowidagdo/Raditya Pratamandika Putra, Corporate Governance 2020, International Comparative Legal Group, 2020.
  • Hans Adiputra Kurniawan/Femalia Indrainy Kusumowidagdo/Raditya Pratamandika Putra, Banking Regulation 2020, Getting The Deal Through, 2020.
  • Sinta Cestakarani/R. Wisnu Renansyah Jenie/Femalia Indrainy Kusumowidagdo, Indonesia: Corporate Governance, The International Comparative Legal Guide (ICLG), Global Legal Group, 2019.
  • Miriam Andreta/Hans Adiputra Kurniawan/Femalia Indrainy Kusumowidagdo, Banking Regulation, Getting The Deal Through, 2019.