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Walalangi & Partners

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This content is provided by Walalangi & Partners.

Managing Partner: Luky I Walalangi
Number of partners: 2
Number of lawyers: 25
Languages: English, Bahasa Indonesia, Japanese

Walalangi & Partners (W&P) is a firm that offers in-the-know guidance, reliable counsel, and a trustworthy representation founded by Mr. Luky I. Walalangi, a highly regarded lawyer with almost two decades of experience. W&P is associated with Nishimura & Asahi, the largest law firm in Japan, in reflection of W&P’s high-quality standards. W&P is regarded by Chambers Asia Pacific and Chambers Global in 2019 and 2020 in corporate/M&A, regarded by IFLR1000 2020 as Other Notable Firm, by Asialaw Profiles 2019 and 2020 as Recommended Law Firm , a winner of M&A Deal of the Year in Asian Legal Business Indonesia Law Awards 2019, regarded by Asia Business Law Journal as Best New Law Firm 2020, Top 5 finalists in ALB South East Asia Law Awards 2019 as Rising Law Firm 2019, listed by Asian Legal Business as ALB’s Rising Star Indonesia 2019 and other various recognition in the year of 2018.

Main Areas Of Practice:
Merger & Acquisition:

■Complex and multifaceted M&A Transaction Structures, including assets and business transfer and share acquisition
■Representing clients in drafting and negotiation of Joint Venture Agreements, Shareholders Agreement, Shares Subscription Agreement or Conditional Sale and Purchase Agreement

Banking & Financing:
■General Advisory on banking and financial institutions
■Complex loan financing structured in almost all sectors of industry representing domestic and international banks and financial institutions
■Notes and convertible bonds issuance

Real Property:
■General advisory on real property development and land issues as well as construction related matters
■Joint Venture projects on real property development, including development of smart township some of the most prestigious apartment, condominium, condotel and office development projects in Jakarta

Foreign Direct Investment:
■Advice on the establishment of investment companies and subsidiaries
■Merger and acquisition issues
■Strategic investments, including classification of stocks and regulatory compliance

Antitrust:
■General advisory on antitrust issues
■Assistance on merger control notification

Debt & Corporate Restructuring:
■Advice on capital reduction, recapitalisation and take over
■Mergers, spin-offs and formation of new entities as well as regulatory compliance
■Representing lenders in various crisis management, suspension of payments and bankruptcy

General Corporate:
■General advisory and establishment of foreign investment companies
■Structuring investments and corporate needs to help clients to achieve their commercial goals

Key Clients:
■Mitsubishi Corporation
■Mitsui & Co. Ltd.
■Marubeni Corporation
■INPEX
■NIDEC Corporation
■Nippon Steel Corporation
■Nishimura & Asahi
■Toyota Tsusho Corporation
■Itochu Corporation
■Tokyo Gas
■PING AN
■LIXIL International Pte., Ltd.
■Junhe Law Office
■Bizzy Commerce Indonesia, PT
■Yamaha Motor, Co., Ltd.

Recent Work Highlights:
Industry:
■Counsel to Hokkan Holdings Corporation (Hokkan), one of the largest Japanese bottling and packaging maker companies, in its IDR1,262 billion or approximately ¥9.5 billion acquisition of beverage package manufacturing business from 7 group companies of PT. Deltapack Industri (DPI group), which includes transfer and assignment of substantial DPI group’s moveable and immovable assets as well as business portfolios
■Counsel to Nipon Steel Corporation in their joint acquisition with ArcelorMittal SA of Essar Steel India Limited, one of the largest major steel manufacturing companies with fully integrated steelworks and extensive sales channels in India, which owns PT Essar Indonesia resulting in Nippon Steel Corporation and ArcelorMittal SA taking control of the 10 million ton-per-year Essar steel plant, marking the first participation of global steel majors in the fast-growing Indian steel market without a local partner. The acquisition involves the payment of a total US$5,73 billion towards Essar Steel’s debt and additional investment of US$1.1 billion for Essar Steel’s operation and profitability

Real Estate:
■Counsel to Mitsubishi Corporation in its superblock urban development project of more than US$350 million, located in 12 Ha area of Vasanta InnoPark, Bekasi regency, West java Indonesia. As a whole, Vasanta InnoPark plans to construct 17 high-rise buildings, including apartments, commercial facilities, office buildings, and hotels and it is situated in a very strategic location for connecting to airports, ports, and industrial parks
■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 IDR910,000,000,000 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
■Counsel to Tokyo Tatemono Co Ltd & Tokyo Tatemono Asia Pte Ltd, one of the biggest Japanese real property companies, in their more than $300,000,000 urban development projects in Indonesia, specifically on the development of certain prominent office and residential towers in the most prestigious area in south Jakarta

Infrastructure:
■Counsel to a Port Company, in the development project of Multipurpose Terminal, provides direct services route, which to expand the existing 400 x 50 m ports and to serve dual function as transshipments and an integrated Industrial Estate Port

TMT:
■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. The new investment allows Mitsubishi to tap into Gojek’s expertise and presence in the mobility and consumer services market and at the same time enable Gojek to continue to develop new products and services to reach more people and create greater value and to invest across transport, food delivery, logistics, mobile payments, and merchant services businesses and to accelerate its market expansion across Southeast Asia
■Counsel to Mitsui & Co Ltd in its strategic investment in Axiata’s digital business, one of the largest telecom companies in Asia with some 150 million subscribers in Southeast Asia and South Asia, which businesses include Boost, an electronic wallet service in Malaysia and Indonesia

Financing:
■Counsel to Bizzy Group in its financing and internal restructuring of 9 e-commerce, logistic and distribution companies, involving multi layers acquisitions and capital reductions in various companies, including structuring of more than IDR1,100 billion Syariah Mudharabah Financing to the acquirors
■Counsel to Japanese Company in a secured USD 18,000,000 terms facility loan to a licensed mining Indonesian company

Contributions

Total 1 contributions

Corporate M&A 2020 Trends and Developments in Indonesia

Luky I. Walalangi, Miriam Andreta, Hans Adiputra Kurniawan

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