Siti Kemala Nuraida

Senior Associate

Ms. Siti Kemala Nuraida is an experienced and very talented Indonesian lawyer, with almost a decade of experience, whose expertise is in real estate, capital market, multi-finance fintech, and construction. Clients highly praise her insightful legal analysis and practical solutions.

She was quoted by clients in a number of international legal publications as follows:

Aida knows not only the complex regulations but also the business practices. That is valuable especially in this fast-changing environment”

Her complete analysis, well understanding how to manage the client ideas & strategy into perfect solutions. I believe in her calm nature & excellent leadership style”

Siti Kemala Nuraida obtained her Bachelor of Laws degree from Universitas Indonesia and attended a six-month course at King’s College London in Financial Risk, Stability, and Regulation.

Siti Kemala Nuraidawas listed as Rising Stars Indonesia 2022 by Asian Legal Business and  as one of Asia 40 Under 40 2021 by Asian Legal Business among handful selected legal counsels in Asia; a finalist of Rising Star of the Year South East Asia in ALB Woman in Law Awards 2021; and was recognized by HukumOnline as an Inspiring NexGen Lawyers 2020.

During her years of practice, she has been involved in numerous deals and transactions including:

  • 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 Mitsubishi Corporation (MC) in its real property and urban development in a prestigious South Jakarta area Fatmawati with a leading Indonesian property developer, with the total project area of 3,300 m2, where the Project includes expansion of mixed-uses properties, including apartment and commercial premise and involves complex spatial allocation conversion as well as land sales and purchase.
  • Counsel to one of the biggest trading Japanese companies in its total IDR 500 billion restructuring and divestment, which includes capital reduction and almost IDR 60 billion shares transfer with one of the largest Indonesian conglomerate groups real property leader.
  • Counsel to PT Dhost Telekomunikasi Nusantara, a wholly owned Indonesian subsidiary 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 providers in Indonesia.
  • 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.
  • 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.
  • Assisting an Indonesian subsidiary of one of the biggest trading companies in preparing a turnkey construction contract to implement its plan to build a premise upon an approximately 2,400 sqm land located in the most prestigious area of Central Jakarta, with contract value of more than 70 billion Rupiah, including advising and structuring to construction to mitigate potential risks and issues in general construction and intellectual property matters.
  • Advising a Japanese leading logistics company in the restructuring of its numerous Indonesian logistic subsidiaries engaging 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 world-leading steel manufacturing companies on their investment in an existing Indonesian foreign investment subsidiary of a notable South Asia automotive and manufacturing company.
  • Counsel to Leopalace21 Singapore Pte. Ltd on the development of residential apartment tower project in Bekasi, Greater Jakarta area, with one leading Indonesian real property company The MAJ Group and PT Central Graha Sejahtera.
  • 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 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.

Seminars and Publications:

  • Supporting 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.
  • Luky I. Walalangi/Hans Adiputra Kurniawan/Siti Kemala Nuraida/Andhika Indrapraja, Real Estate Comparative Guide 2021, The Legal500, 2021.
  • Luky I. Walalangi/Jeanne Elisabeth Donauw/Siti Kemala Nuraida/Sinta Dwi Cestakarani, Chambers Global Practice Guide on Doing Business In Indonesia – Trends & Developments 2021.
  • Miriam Andreta/Siti Kemala Nuraida, Mergers & Acquisitions 2021, The International Comparative Legal Guide (ICLG), Global Legal Group, 2021.
  • Miriam Andreta/Hans Adiputra Kurniawan/Siti Kemala Nuraida, Real Estate 2021, The International Comparative Legal Guide (ICLG), Global Legal Group, 2021.
  • Miriam Andreta/Siti Kemala Nuraida/Michael Widyaputra/Friliantari Putri, 2020 edition of The International Comparative Legal Guide (ICLG) to Mergers & Acquisitions, Global Legal Group, 2020.
  • Miriam Andreta/Siti Kemala Nuraida/Anggarara Hamami, Banking Regulation 2020, Global Legal Insight (GLI), Global Legal Group, 2020.
  • 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/Siti Kemala Nuraida/Andhika Indrapraja, 2019 edition of The International Comparative Legal Guide to Mergers & Acquisitions, Global Legal Group, 2019.
  • Luky I. Walalangi/Miriam Andreta/Siti Kemala Nuraida, Indonesia, Recent Key Legal Development, Asialaw Profile 2019, 2018/2019.