Luky I. Walalangi was named “Indonesian Lawyer of the Year” for Client Service Excellence at the Asialaw Awards 2020 and also recognized as one of the “Top 15 M&A Lawyers across Asia 2021” and “Asia’s Super 50 Top TMT Lawyers 2021” by Asian Legal Business.
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 and finance practitioners by various reputable independent legal directories, including Chambers Global, Chambers Asia Pacific, Chambers Fintech, IFLR1000, The Legal500, Asialaw, Asia Business Law Journal and Asian Legal Business. He is also recognized as a top ranked lawyer in Corporate/M&A by Chambers Global and Chambers Asia Pacific and as a Notable Practitioner by Chambers Fintech. 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 2021, 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 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 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, with a target of gas feed production of 12 MMSCFD in 2020. SE company group refines and compresses unutilized gas such as associated gas produced from oil wells and natural gas from small-scale gas fields and supplies the gas in the form of compressed natural gas (CNG) to industrial customers. SE Group’s plans to pursue reductions of CO2 emissions in the country by increasing utilization of unused gas and encouraging industrial customers to switch from liquid fossil fuels with high CO2 emissions to natural gas are consistent with Tokyo Gas Group’s management strong vision of “Compass 2030”, which envisages the expansion and diversification of its global businesses and the realization of a net zero CO2 emission society.
- 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. The acquisition would allow Orient Corp to tap into the growing Indonesian car loan market, and will enable Orient Corp to expand its local arm’s business to used vehicles. This will be Orico’s third overseas arm following those in Thailand and the Philippines.
- 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 Mitsui Co Ltd in its strategic investment in Axiata’s digital business, one of the largest telecom companies in Asia with some 150 million subscribers in Southeast Asia and South Asia, which businesses include Boost, an electronic wallet service in Malaysia and Indonesia; ADA, an independent digital marketing agency; and Apigate, an application programming interface platform company. Axiata Digital was established in 2013 and has to-date invested in 30 brands in businesses ranging from financial services to digital advertising.
- 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, where he 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.
- 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 Toyota Tsusho Corporation in its real property and phase III residential expansion, through land acquisition and residential towers development, located in Cikarang Bekasi, with a total investment value of IDR 910,000,000,000 or approximately ¥7,142 million. This is the continuation of the successful establishment and operation of the preceding AXIA Phase I and AXIA Phase II.
- Counsel to Mitsui Co Ltd and Fujimori Kogyo in the ¥7 billion in the acquisition of PT Kingsford Holdings , which owns 79.42% of PT Champion Indonesia Shares Tbk as well as 3 operating manufacturing companies of packaging business, including in the subsequent Mandatory Tender Offer process and the capital infusion implemented by Mitsui and Fujimori Kogyo and merger notification to KPPU.
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 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/Anggarara CP Hamami, Chambers Asia Pacific 2021 Guide: Practice Area Overview Chapter – Corporate M&A in Indonesia.
- 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.
- Luky I. Walalangi/Miriam Andreta/Hans Adiputra Kurniawan, Legal Frontiers in Indonesia: Innovative Approaches to Cross Border M&A, Asia Business Law Journal, 2019.
- Luky I. Walalangi/Miriam Andreta/Hans Adiputra Kurniawan, Indonesia Country Report, Mergers & Acquisitions 2019, Asialaw.
- Luky I. Walalangi/Sinta Dwi Cestakarani/Andhika Indrapraja, Data Protection 2019, Asian Legal Business (ALB) Supplements 2019.
- Luky I. Walalangi/Andhika Indrapraja/Rainer Faustine Jonathan, The International Comparative Legal Guide (ICLG) to Real Estate 2019, Global Legal Group, 2019.
- Luky I. Walalangi/Miriam Andreta/R. Wisnu Renansyah Jenie, M&A Report 2019, IFLR1000, 2019.
- Luky I. Walalangi/Siti Kemala Nuraida/Putri Bening Larasati, Lending & Secured Finance 2019, The International Comparative Legal Guide (ICLG), Global Legal Group, 2019.
- Luky I. Walalangi/Miriam Andreta/Hans Adiputra Kurniawan, Banking Regulation 2019 Edition, Global Legal Insight (GLI), 2019.
- Luky I. Walalangi/Hans Adiputra Kurniawan/Sinta Dwi Cestakarani, Fintech 2019 Edition, The International Comparative Legal Guide (ICLG), Global Legal Group, 2019.
- Luky I. Walalangi/Miriam Andreta, “Interview with”, The Legal 500, Asia Pacific 2019 edition.
- Luky I. Walalangi/Siti Kemala Nuraida/Andhika Indrapraja, 2019 edition of The International Comparative Legal Guide (ICLG) to Mergers & Acquisitions, Global Legal Group, 2019.