Sinta Dwi Cestakarani

Associate

Ms. Sinta Dwi Cestakarani is a talented and experienced Indonesian lawyer with almost a decade of experience in assisting domestic and international clients. Her main areas of practice encompass banking & finance, M&A, mining, and technology media and telecommunications (TMT). She was recognized by Hukumonline as one of “11 inspiring NexGen Lawyers of 2019.”

Sinta Dwi Cestakarani obtained her Bachelor of Laws degree from Universitas Padjadjaran, where she graduated with a cum laude honor.

Prior to joining Walalangi & Partners, Sinta Dwi Cestakarani worked for one of the biggest law firms in Indonesia. Sinta Dwi Cestakarani has been involved in assisting domestic and foreign companies in various notable transactions and advisory work predominantly in the areas of banking & finance, M&A, mining, TMT , and fintech business. Due to her numerous great achievements in a relatively short time, she was recognized as one of “11 inspiring NexGen Lawyers of 2019” by HukumOnline.

Some of the noteworthy projects and transactions she has handled include the following:

  • 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.
  • Advising a primary provider of natural gas to the main cities of Japan on the implementation of its group companies’ global whistle-blowing system which legal analysis covers Indonesian personal data protection.
  • 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.
  • 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 an Indonesian company whose business focuses to provide an online platform to facilitate sale and purchase of used cars – in relation to (i) the proposed cooperation with a partner national bank to provide car financing facilities to the company’s customers, and (ii) the transfer and assignment of the financing portfolio by the partner national bank to an affiliate of the company engaging in multi finance. W&P assists the Client on the legal structure of the proposed cooperation and the transfer and assignment of the financing portfolio, as well as transaction documents preparation.
  • Counsel to a Singapore based boutique finance firm, in structuring various contractual arrangements for the sale and purchase of coal purchase option and coal commodity from  Indonesian group of companies engaging business in coal mining and trading, including optimizing the legal and commercial structure and the payment structure arrangement, to maximize protection for the client’s interest and ensuring the compliance of all transaction agreements with Indonesian laws and regulation.
  • 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 one of the most rapid growing technology and game companies based in the US, with approximately 36.2 million daily users, on various Indonesian regulatory matters to include gaming regulations, gaming applications rating, registration requirements, content requirements and restrictions as well as personal data protection.
  • Advising a leading Japanese video game developer and publisher listed on the Tokyo Stock Exchange (CCOEF) with headquarter in Osaka, on Indonesian regulatory matters relating to progressive business model development plan, including online games offerings, digital currency and payments, loot box features, business and games rating registration requirements, consumer protection, and personal data privacy rules.
  • Advising a Japanese-affiliated company on Indonesian law aspects in relation to its proposed establishment and development of internet-based platform to be used for holding cross-border e-sport tournaments, particularly, with respect to its proposed business model and payment arrangements, including the use of digital currency, such as cryptocurrency, and limitations on its use, as well as advising on compliance issues, including, personal data protection rules, creditworthiness scoring activities under OJK regulations, and obligations of an electronic system operator.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 state-backed Japanese entertainment-dedicated fund, Cool Japan Fund, in its USD 50 million investment in domestic ride-hailing firm Go-Jek, which go towards Go-Jek’s video and music streaming service for mobile users where it hopes to tap the popularity of Japanese anime and horror movies in Indonesia and helps Japanese restaurants in Indonesia set up shop at Go-Jek’s Go-Food Festival locations.
  • 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.
  • Advising a Japanese leading logistics company in the restructuring of its numerous Indonesian logistic subsidiaries engage in freight forwarding services, bonded logistic centre and storage and other storage business. The transaction involves various and complex corporate actions including merger and transfer of business between the group companies and compliance of various regulatory requirements.
  • Counsel to and advising Showa Denko on the structuring and successful divestment 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 (GCA) resulting to annual sales of US$ 200 million. The divestment resulted in PT Aneka Tambang Tbk owning 100% of ICA’s shares.

Publications:

  • Luky Walalangi/Jeanne Elisabeth Donauw/Siti Kemala Nuraida/Sinta Dwi Cestakarani, Chambers Global Practice Guide on Doing Business In Indonesia – Trends & Developments 2021.
  • Miriam Andreta/Sinta Dwi Cestakarani/Prisca Octavia Rumokoy, Lexology Getting The Deal Through, Banking Regulation, 2021.
  • Sinta Dwi Cestakarani/Andhika Indrapraja/Indira Setyowati, Fintech 2021, The International Comparative Legal Guide (ICLG), Global Legal Group, 2021.
  • Sinta Dwi Cestakarani/Anggarara Hamami/Jovico Nicolaus Honanda, Fintech 2020, The International Comparative Legal Guide (ICLG), Global Legal Group, 2020.
  • Luky I. Walalangi/Sinta Dwi Cestakarani/Andhika Indrapraja, Data Protection 2019, Asian Legal Business (ALB) Supplements 2019.
  • Sinta Dwi Cestakarani, NexGen Lawyers 2019, HukumOnline
  • Sinta Dwi Cestakarani/R. Wisnu Renansyah Jenie/Femalia Indrainy Kusumowidagdo, The International Comparative Legal Guide to: Corporate Governance 2019, Global Legal Group (GLG), 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/Sinta Dwi Cestakarani, Indonesia, Pitfalls of Creditor Security in Indonesia, Global Banking & Financial Policy Review 2018/2019, IFLR Yearbooks, 2018/2019.