Luky I. Walalangi

Managing Partner

Mr. Luky I. Walalangi is a qualified and leading Indonesian lawyer with two decades of experience and particular expertise in M&A, banking & finance, and real estate. He was named “Indonesian Lawyer of the Year” at the Asialaw Awards 2020. He is recognized as one of the “Top 15 M&A Lawyers across Asia” as well as “Asia’s Super 50 Top TMT Lawyers” for two consecutive years in 2021 and 2022 by Asian Legal Business, which is an unprecedented feat. Chambers Global and Chambers Asia Pacific continuously recognize him as one of the top-ranked lawyers in Corporate/M&A. He is named in the A-List of Indonesia’s Top 100 Lawyers by Asia Business Law Journal and is highly regarded by Chambers Fintech, The Legal500, IFLR1000 and Asialaw in TMT/fintech, real estate, banking, M&A, and project finance.

Chambers, IFLR1000, Asialaw quote the following praises from clients:

“Luky Walalangi is a top-notch lawyer who performed strongly.”

“Characterised by his strong commitment and responsiveness to clients’ needs, deep and clear understanding of Indonesian corporate legal practices and a wide range of solutions.”

“Luky provides a thorough advice and well-balanced solutions responding to both seller and buyer needs.”

“He leads negotiation and explain all matters in a very clear and logical way. He comes with a very strong leadership and always provides sensible and concise responses.”

Luky I. Walalangi has been assisting numerous and various foreign companies in their complex investments and acquisitions (including assets and portfolio loan acquisitions), real property projects, and corporate restructurings in Indonesia. He has also represented leading global banking and financial groups in major finance transactions, bond issuance, sophisticated fund-raising projects as well as a number of major electricity projects in Indonesia.

He is considered among the leading M&A, TMT and finance practitioners by various reputable independent legal directories, including Chambers Global, Chambers Asia Pacific, Chambers Fintech, The Legal500, IFLR1000,  Asialaw, Asian Legal Business and Asia Business Law Journal. He is also recognized as a top ranked lawyer in corporate/M&A by Chambers Global  and Chambers Asia Pacific. In addition, Asia Business Law Journal named him on the A-List of Indonesia’s Top 100 Lawyers for four consecutive years from 2018 to 2022, and he is also highly regarded by IFLR1000 and Asialaw in the areas of banking, corporate and M&A, and project finance.

In the areas of M&A, asset acquisition and real property, Luky I. Walalangi has been successfully assisting and advising clients in the following prestigious deals:

  • Counsel to Mitsubishi Corporation and Sinar Mas Land on the inauguration of the PoC of Indonesia’s first autonomous electric vehicle at Q-Big BSD City, using first intelligent transportation system of French-made shuttle bus Navya Arma. The 15-passenger self-driving electric vehicle has a battery capacity of 33 kWh and is equipped with Global Positioning System (GPS) and Light Radar (LIDAR) sensor. This goes in parallel with the vision of G20, i.e., to go towards smart green cities, more low-carbon mobility, and less traffic congestion. Mitsubishi Corporation and Sinar Mas Land are pioneering the use of digital technology to cater to smart city features, and have been putting constant effort to embed digital technology to leverage the quality of life, as well as boost the social economy sector. The technology-based facilities are intended to support their integrated Transit-Oriented Developments (TODs) in BSD, South Tangerang, which are by far the biggest (and first-of-its-kind) smart and sustainable TOD project in Indonesia.
  • Counsel to Mitsubishi Corporation (MC) and its Indonesian subsidiary PT Diamond Development Indonesia (DDI) in their new urban integrated township project with an estimated gross development value (GDV) of IDR 9 trillion (approx. USD 630 million) in SHILA at Sawangan, a 102-hectare township in Depok, West Java, Indonesia. To implement the project, MC and DDI have formed a significant partnership with a leading Indonesian real property developer listed on IDX, PT Pakuan Tbk. The development project comprises premium landed housing clusters integrated with a range of facilities, such as a golf course, commercial facilities, dining pods, the X-Change, and other supporting innovative public facilities. It is constructed right next to the under-construction circular JORR2 Toll Road, providing the residents with more convenient connectivity to Jakarta, Tangerang, and the Soekarno-Hatta International Airport.
  • Counsel to Mitbana Pte Ltd, a joint venture company of Mitsubishi Corporation (MC) and Surbana Jurong (SJ), in the biggest (and first of its kind)  advance smart and sustainable Transit-Oriented Developments (TODs) in BSD City, South Tangerang, Greater Jakarta, where Mitbana forms a significant partnership with leading Indonesian property developer Sinar Mas Land.  Building on BSD City’s track record, the Project is to transform hundreds of hectares of greenfield land into TODs comprising residential units, commercial properties, living amenities, green-park offices, digital hubs, a convention centre, a hospital, schools, railways and public transport nodes, which enlarges BSD City’s existing development footprint and expand on its current population of 200,000 residents.
  • 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 Nippon Steel & Sumitomo Metal Corporation in their USD 7 billion joint acquisition with ArcelorMittal SA of Essar Steel India Limited, one of the largest major steel manufacturing companies with fully integrated steelworks and extensive domestic sales channels in India, resulting to Nippon Steel & Sumitomo Metal Corporation and ArcelorMittal SA taking control of the 10 million ton-per-year Essar Steel plant, marking the first participation of global steel majors in the fast-growing Indian steel market without a local partner.
  • 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 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 Serie F funding round, which together with investment of Mitsubishi Corporation have raised over USD1 billion investment. The new investment allows Mitsubishi to tap into Gojek’s expertise and presence in the mobility and consumer services market and at the same time enable Gojek to continue to develop new products and services to reach more people and create greater value and to invest across transport, food, delivery, logistics, mobile payments and merchant services businesses and to accelerate its market expansion across Southeast Asia.
  • Counsel to Mitsubishi Corporation in its superblock urban development project of more than USD 350 million, located in 12 Ha area of Vasanta InnoPark, Bekasi regency, West Java Indonesia. As a whole, Vasanta InnoPark plans to construct 17 high-rise buildings, including apartments, commercial facilities, office buildings and hotels and it is situated in a very strategic location for connecting to airports, ports and industrial parks.
  • Counsel to 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.
  • 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.

Seminars and Publications: 

  • A guest lecturer representing Indonesia in the 10th Symposium on International Civil and Commercial Law, organized by the Ministry of Justice of Japan, through the International Civil and Commercial Law Center Foundation (ICCLC), co-held by Osaka Chamber of Commerce and Industry and supported by Japan External Trade Organization, Osaka Headquarters, Japan International Cooperation Agency, Osaka Bar Association, and Kansai Economic Federation, where together with guest lecturers from Japan, Malaysia, Thailand and Vietnam, Mr. Luky Walalangi discussed and compared legal situations and practical issues and future prospects of joint venture in each jurisdiction.
  • Keynote Panelist at GC Summit held by The Legal 500 (Legalease) on “Cross Border M&A in Emerging Markets; recent legislative changes impact on inbound investment to Indonesia and how can legal teams and GCs step up to meet new compliance demands and ensure a successful cross-border investment”, attended by more than 100 Indonesian GCs from major companies.
  • Keynote Speaker at “Developments of Indonesian Legal Markets and Indonesian Financing” at annual Legal Forum in Tokyo and Fukuoka City, attended by more than 60 participants from various Japanese companies, banks and financial institutions.
  • Keynote Speaker at “Indonesian Offshore Loan and Security Interests and Rapid Growth of Indonesian P2P Practices” in Singapore, held at the Japanese Association Singapore, attended by more than 35 representatives of Japanese banks and companies.
  • Keynote Speaker at “Panel Discussion on Public M&A” in Tokyo, attended by more than 50 Japanese companies where he discussed factual issues in practice as well as various practical solutions.
  • Keynote Speaker at “Analytical Review of Indonesian Regulations on Merger, Acquisition and Consolidation”, held by the most prestigious Indonesian law online journal Hukumonline.
  • Luky I. Walalangi/Rendi Prahara Septiawedi, Indonesia’s Carbon Trading System: Challenges and Opportunities, IFLR, 2022.
  • Luky I. Walalangi/Hans Adiputra Kurniawan/Siti Kemala Nuraida/Andhika Indrapraja, Real Estate Comparative Guide 2021, The Legal500, 2021.
  • Luky I. Walalangi/Rendi Prahara Septiawedi, Regional Guide to Renewable Energy Laws 2021, Asia Business Law Journal, 2021.
  • Luky Walalangi/Jeanne Elisabeth Donauw/Siti Kemala Nuraida/Sinta Dwi Cestakarani, Chambers Global Practice Guide on Doing Business In Indonesia – Trends & Developments 2021.
  • Luky Walalangi/Miriam Andreta/Hans Adiputra Kurniawan/Andhika Indrapraja/Rainer Faustine Jonathan, Chambers Global Guide 2021: Law & Practice – Real Estate 2021;
  • Luky I. Walalangi/Hans Adiputra Kurniawan, Chambers Asia Pacific 2021 Guide: Practice Area Overview Chapter – Corporate M&A in Indonesia.
  • Luky I. Walalangi/Miriam Andreta/Jeanne Elisabeth Donauw/Hans Adiputra Kurniawan/Andhika Indrapraja, Country Overview as Thought Leader, Chambers Global Guide, 2021.
  • Luky I. Walalangi/Miriam Andreta/Hans Adiputra Kurniawan, Corporate M&A 2020: Trends & Developments, Chambers & Partners, 2020.
  • Luky I. Walalangi/Andhika Indrapraja/Rainer Faustine Jonathan, The International Comparative Legal Guide (ICLG) to Real Estate 2020, Global Legal Group, 2020.