Milbank LLP

Corporate & Finance Department

Indonesia
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What the team is known for A market-leading firm with a long history of handling Indonesian transactions, it benefits from longstanding relationships with a diverse array of Indonesian corporate clients. Handles a variety of M&A, banking and finance, capital markets and projects work, with particularly deep expertise in project finance transactions across the Indonesian archipelago. Additional areas of expertise include the energy, natural resources, TMT, retail and real estate sectors. Well regarded by foreign investment managers for handling their investments into Indonesia.

Strengths A client declares that Milbank "knows the Indonesian market absolutely backwards. They have huge in-depth knowledge and a great commercial approach to negotiations and documentation."

One source says: "They keep client interests and intentions in mind, while advising about the nuances and providing potential solutions."

Work highlights Advised Adaro Indonesia and Adaro Energy on an issuance of USD750 million guaranteed senior notes, due in 2024.

Notable practitioners


David Zemans
is highlighted by clients for being "very good in strategic matters" and earns recognition for finance and M&A work in Indonesia. He advises major Indonesian and international financial institutions and corporates on cross-border mandates.


Giles Kennedy
is noted for his experience in cross-border capital markets deals. He regularly assists clients with high-yield bond and notes issuances in the Indonesian market.


Jacqueline Chan
is highly regarded for her proficiency in M&A and joint venture transactions in the Indonesian market, across numerous sectors. One client describes her as "an excellent lawyer with an incredible work ethic. She is client-focused, always available and technically excellent."


James Murray
is lauded by a client as "amazingly creative and supportive - we can brainstorm with him and he is an instrumental lawyer." He possesses extensive experience in project finance, often acting for major international lenders on oil and gas and power projects, including IPPs.


James Orme
is recognised for his skills in cross-border project finance and development, regularly acting for international and Indonesian lenders and sponsors. His recent experience includes projects in the oil and gas and mining sectors.


Naomi Ishikawa
enjoys an excellent reputation for her expertise in capital markets transactions in Indonesia. She frequently acts on behalf of major Indonesian corporates in debt issuances, including on high-yield bonds.