Makes & Partners

Managing Partner: Yozua Makes
Number of partners: 6
Number of lawyers: 27
Alliances: WongPartnership LLP, Lubis Santosa Maramis

Languages: English, Indonesian 

Firm Overview: Established in 1993, Makes & Partners (“Makes”) is an independent, innovative and creative Indonesian law firm with a history of forward thinking. The market recognises Makes as a strategic leader for integrated commercial business and legal solutions. Makes advises both Indonesian and international clients and helps them achieve their commercial goals by providing timely, practical and high quality legal services. As a trendsetter, Makes has achieved a number of firsts in Indonesia. Makes advised on the first IPO of an Indonesian real estate investment trust on the Singapore Stock Exchange, the first privatisation of an Indonesian state-owned company, the first voluntary tender offer, the first noncash settlement rights issue and many others. Makes’ track record shows a propensity for innovation and ground-breaking achievements.

Always a forward thinker, we welcomed the era of greater ASEAN and Pan-Asian economic cooperation and integration by forming a strategic alliance with leading Singapore firm, WongPartnership LLP (“WongPartnership”). Makes, in partnership with WongPartnership’s top notch Litigation and dispute resolution group has also launched a litigation and dispute resolution practice, to assist clients in the full spectrum with their legal needs both in Indonesia and overseas, to be delivered with the same level of proven quality and excellence. With this dynamic team, Makes is now able to offer a full range of legal services to clients.

In addition, we also established a strategic alliance with Lubis Santosa Maramis (“LSM”), a move that leverages our expertise in our respective fields of capital markets-merger & acquisition-corporate finance (for Makes) and litigation & arbitration (for LSM) and allows us to provide seamless and optimal services to our clients.

In our more than 20 years of practice in Indonesia we have also developed a solid relationship with government agencies and the Indonesian legal community and that aids us in updating our clients with significant developments in the economic and legal sectors and then assisting them accordingly. Our lawyers are assisted by special counsel attorneys who have served as senior officials in government ministries and in the Supreme Court. We have also managed to boost our ties with a number of top tier law firms in the U.S., U.K., Europe, Asia Pacific, Singapore and Australia. We will be pleased to provide information on our selective international networking, upon request or as the transaction may require.

Main Areas of Practice: 

Capital Markets 

• Banking & Finance
• Corporate, Mergers & Acquisition
• Litigation & Dispute Resolution
• FinTech
• Private Equity
• Start-Ups/Venture Capital
• Real Estate Investment Trusts
• Real Estate & Property
• Privatizations & Divestments
• Restructuring & Insolvency
• Infrastructure, Construction & Engineering
• Telecommunications, Media & Technology
• Energy, Resources & Mining
• Business Establishment
• Employment

Recent Work: 

• Represented PT Plaza Indonesia Realty Tbk and PT Sinarmas Asset Management in the issuance of the largest Indonesian Dana Investasi Real Estat (Real Estate Investment Fund) namely DIRE Simas Plaza Indonesia, listed on the Indonesian Stock Exchange with a total asset amounting to IDR 13 Trillion.
• Represented PT Fajar Surya Wisesa Tbk (”FASW”) in the sale of its shares to SCG Packaging Public Company Limited through its subsidiary from the existing shareholders of FASW, representing 55% of the total issued and fully paid-up capital of FASW through crossing in the bourse with the value of approximately USD600,000,000.
• Represented Bank Danamon in the acquisition of its shares by the Bank of Tokyo Mitsubishi-MUFG.
• Represented PT Bumi Serpong Damai Tbk in the issuance of USD 300,000,000 7.25% Senior Notes due 2021 issued by Global Prime Capital Pte. Ltd., its wholly-owned subsidiary.
• Represented the Djarum Group in its qualifying investment in PT Aplikasi Karya Anak Bangsa (GoJek).
• Indosat’s Sale and Lease of 3,100 Telecommunication Towers to Mitratel and PT Profesional Telekomunikasi Indonesia (“Protelindo”), whereby Makes & Partners acted as the Indonesian legal counsel to Protelindo.
• Assisted our client, PT Soechi Lines Tbk in the issuance of notes by Soechi Capital Pte. Ltd (“Issuer”), whereby the Issuer invited certain holders of its outstanding USD200,000,000 8.375% guaranteed senior notes due 2023 (“Notes”) to tender their Notes for purchase by our client for cash.
• Represented LMIRT Capital Pte. Ltd, a subsidiary of Lippo Malls Indonesia Retail Trust (“LMIRT”) in its issuance of USD200,000,000 principal amount of 7.5% guaranteed Senior Notes due in 2026.