Clifford Chance
Clifford Chance offers more than 40 years of experience advising local and international clients in Indonesia. Our Indonesia Focus Group, led from the firm's SEA hub in Singapore, delivers world-class service and the highest quality international law advice to our clients by combining deep local experience with access to global insights through the Clifford Chance network.
Indonesia – an attractive investment option
Indonesia is considered an attractive and profitable destination in Asia Pacific. With many promising changes underway in its business environment, and buoyed by regulatory reforms, increasing levels of investment and a growing middle class, Indonesia is set for long-term economic prospects.
Our core areas of practice
Our Indonesia focus group advises on the international aspects of corporate/M&A transactions and advisory work, foreign direct investment advice as well as capital markets, projects and banking and finance in a range of sectors including financial institutions, energy and resources, private equity, consumer goods & retail (CG&R) and, technology, media & telecommunications (TMT).
Local, regional and global know-how that delivers successful results
Our scale, scope and experience allow us to provide high quality solutions to legal, regulatory and business issues. We offer considerable insight into the issues that can arise and enables us to anticipate our clients' needs and help our clients resolve their potential obstacles from the onset.
Recent highlights
- PT Barito Renewables Energy Tbk (Barito Renewables) and its subsidiary, PT Barito Wind Energy (Barito Wind), on the international aspects of Barito Wind's acquisition of five wind farm assets in Indonesia, with a combined potential capacity of 395 MW, from UPC Renewables Asia Pacific Holdings. (2024)
- The Republic of Indonesia on its US$2.35 billion global sukuk. The 30-year green sukuk is backed by a pool of green assets, highlighting the Republic's long-term commitment to green and sustainable financing. The trust certificates are dual-listed on the Singapore Exchange and NASDAQ Dubai. (2024)
- The underwriters of the Government of the Republic of Indonesia's SEC-registered dual currency global bond issuance, listed on the Singapore Exchange (SGX) and the Frankfurt Stock Exchange (FWB). The transaction is the Republic of Indonesia's fifteenth issuance of global bonds in SEC-registered format (2024)
- APG and ADIA as shareholders of the Buyer, PT Rafflesia (Indonesia's first toll road platform) in their acquisition of / investment in two sections of the Trans Sumatra Toll Road from the Seller, Indonesia Investment Authority (INA). (2024)
- ENGIE Global Developments B.V. on the sale of all of the issued shares in the capital of TWMB Holdings B.Vto Sembcorp Utilities Pte Ltd. (2024)
- Indonesian conglomerate PT Harita Jayaraya as the Seller on its sale of a minority stake in Indonesian listed nickel mining company, PT Trimegah Bangun Persada Tbk, to Glencore. (2024)
- The PTT Group on its US$471 million disposal of PTT Mining Limited and its subsidiaries to PT Astrindo Nusantara Infrastruktur Tbk. (2024)
- China Merchants Port on its 51% controlling stake acquisition of Indonesian port operator NPH. (2024)
- The joint lead underwriters BNP Paribas, Citigroup, Credit Suisse and Mandiri Sekuritas, and underwriters DBS, OCBC and UOB Kay Hian on the U.S. and international aspects of PT Trimegah Bangun Persada Tbk's initial public offering and listing on the Indonesia Stock Exchange (IDX). Trimegah Bangun Persada, also known as Harita Nickel, is a subsidiary of Indonesian conglomerate, Harita Group. The listing which raised approximately US$660 million (IDR9.7 trillion), is the largest IPO in Indonesia to date this year. (2023)
- PT Jayamas Medica Industri Tbk (JMI) on the international aspects of its US$53 million initial public offering and listing on the Indonesia Stock Exchange. (2022)
- Credit Suisse and DBS as joint bookrunners on PT Japfa Comfeed's US$350 million Senior Fixed Rate Sustainability Linked Bond (SLB) issuance. (2021)
Awards
- 𝗕𝗲𝘀𝘁 𝗜𝘀𝗹𝗮𝗺𝗶𝗰 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗗𝗲𝗮𝗹, 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮– Republic of Indonesia's $2.35 billion 144A sukuk offering
FinanceAsia Achievement Awards 2024 - 𝗕𝗲𝘀𝘁 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗗𝗲𝗮𝗹, 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮, 𝗦𝗼𝘂𝘁𝗵 𝗘𝗮𝘀𝘁 𝗔𝘀𝗶𝗮 – ADIA and APG's investment in Indonesia Investment Authority's toll road platform, PT Rafflesia Investasi Indonesia FinanceAsia Achievement Awards 2024
- International Firm of the Year
IFLR Asia Pacific Awards 2024 - M&A Team of the Year
IFLR Asia Pacific Awards 2024 - Securitisation and Structured Finance Team of the Year
IFLR Asia Pacific Awards 2024 - Specialist Award: Financial Services Regulatory – International
IFLR Asia Pacific Awards 2024 - Asia-Pacific Law Firm of the Year
Chambers Asia Pacific and Greater China Region Awards 2023 - Innovative Law Firm (headquartered outside of Asia Pacific)
FT Innovative Lawyers Awards Asia 2023 - Innovative Lawyers in Transforming Industries
FT Innovative Lawyers Awards Asia 2023 - Debt And Equity-Linked Capital Markets Team of the Year
IFLR Asia Pacific Awards 2023 - Specialist Award: Financial Services Regulatory – International
IFLR Asia Pacific Awards 2023
Directory and client comments
Chambers and Partners, Asia Pacific, 2025
- Band 2 in Corporate & Finance (International Firms) (Expertise Based Abroad), Indonesia
Legal 500 Asia Pacific 2025
- Tier 1 in Foreign Firms, Indonesia
Client comments
- "The team is knowledgeable about local law matters and is always willing to help."
Chambers Asia Pacific, Indonesia, Corporate & Finance (International Firms) (Expertise Based Abroad) 2025 - “Clifford chance houses notable legal expertise in banking and finance and Corporate/M&A issues, as well as offering depth of experience in capital markets and projects work in the Indonesian market.”
Chambers Asia Pacific 2023; Band 1: Corporate M&A (International Firms) – Indonesia; The Elite - Singapore
