Indonesia


About Indonesia

The Indonesia economy is the largest in Southeast Asia with a population of 268 million. Despite the effects of the Covid-19 Pandemic, Indonesia’s economy is recovering on track with its GDP growth projected at 5.1% in 2022. Singapore has consistently been among one of Indonesia’s top foreign investors and trading partners. Several bilateral agreements that have benefitted Singapore and Indonesia are the ASEAN Free Trade Agreement (FTA), Double Taxation Avoidance Agreement (DTA) and Singapore-Indonesia Bilateral Investment Treaty (BIT).

Expertise and experience

At CNP, we have a team of committed lawyers with extensive experience in Indonesia related matters, who are also literate in Bahasa Indonesia language. Together with CNP’s Indonesia associates based in Jakarta,  we have been assisting clients with their Indonesian related transactions for many years.

Our services range from local representation, such as market entry, setting up PMA companies and Representative Office, structuring and optimizing investments in compliance with the Indonesian legal framework to acquisition of Indonesian entities including performing legal due diligence on Indonesian companies and preparing the corresponding legal opinion.

Our Indonesia-related Practice Areas

  • Market entry
  • Structuring of investment
  • Mergers and Acquisitions
  • Due Diligence
  • Approvals and licensing



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    Work Highlights




    RE1

    CNPLaw LLP advises Pison Investments Pte. Ltd. on its invitation to senior unsecured creditors of the Hyflux group to offer their debt to Pison in a reverse Dutch auction

    Pison Investments is represented by CNPLaw LLP. The team is led by Managing Partner Lisa Theng and other partners involved are Bill Jamieson, Ken Chia, Subbramanian Pillai and Kenn Lim.

    Read more about the deal >>



    Click on the bullet points to find out more

     

    The following are Indonesia related matters previously handled by our lawyers:

    • Legal due diligence on hydroelectric powerplants owned by a listed company in SGX in connection with ipo in HK;
    • Legal diligence on a real estate management services group’s business of serviced office in Jakarta, and dealing with issues of property acquisition pending issuance of title (HGB) in connection with ipo in HK;
    • Acted for a listed Malaysia company in the acquisition of a cigarette printing company situated in Indonesia from BAT;
    • Acted for a Singapore listed company in a joint venture with an Indonesia company to develop a 5-star hotel in Belitung;
    • Acted for a renowned hotel in Singapore in restructuring its business investment in Bali and Jakarta;
    • Acted for Indonesia company in a joint venture with China’s steel company in building Indonesia’s largest steel and iron plant, coking plant, jetty and rolling plant in Kendal;
    • Acted for a Singapore listed company in acquiring the shares of a local Indonesia company that was granted land concession from BP Batam for property development.
    • Acted for an Indonesian telecommunications provider in its general corporate matters of its Singapore subsidiary;
    • Acted for a Singapore listed company with key business activities in Property Rental and Hospitality, Property Development, Engineering and Distribution, in its disposal of an Indonesia subsidiary;
    • Acted for a Singapore F&B manufacturer in its joint venture of its franchise business in Indonesia;
    • Acted and advised a MNC with operations spanning six continents in sectors ranging from logistics and maritime to properties and hospitality, in its corporate and shipping business operations in Indonesia;
    • Acted for a Singapore listed company that provides communication design and production services, in its provision of design and construction business in Jakarta;
    • Acted and advised many Singapore, Malaysia, Hong Kong, European companies expanding into Indonesia in various line of business including retail, manufacturing, medical services, food and beverage, fertilizer and others;
    • Working closely with Jakarta office in maintaining the company’ constitutional documents.
    • Acted for a Singapore listed shipping company in a S$12m acquisition of a vessel in Indonesia via a joint venture with a private equity firm
    • Acted for a Singapore listed real estate group in the sale of its business in Indonesia
    • Acted for a leading UK gym chain in the restructuring of its business in Indonesia
    • Acted for a Singapore listed engineering group in a HKEX Mainboard dual primary listing in relation to its Indonesia subsidiaries
    • Acted for a Singapore real estate group in a SGX Catalist listing and proposed HKEX Mainboard listing in relation to its Indonesia subsidiaries
    • Acted for a Singapore oil & gas group in a proposed SGX Catalist listing in relation to its Indonesia subsidiary
    • Acted for an European purchaser in its acquisition of majority interests in an Indonesian company. The consideration payable in tranches amount to over S$32 million
    • Acted for a Singapore dating services company in its acquisition of assets from an Indonesian company and the setting up of a joint venture in Indonesia
    • Acted as lead counsel for an European purchaser on its acquisition of a non-tangible asset in Indonesia for a consideration of S$3 million





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    Key Contacts




    Jimmy Yap is a Partner at CNPLaw LLP. His main areas of practice for non-contentious work are Indonesia related corporate and commercial matters – such as investment into Indonesia, mergers & acquisitions, joint ventures, and franchising & licensing. In addition, he also focuses on Singapore and Hong Kong IPO-related legal due diligence.
    Partner

      Jimmy’s main areas of practice for non-contentious work are Indonesia-related corporate and commercial matters – such as investment into Indonesia, mergers & acquisitions, joint ventures, and franchising & licensing. For contentious matters, his primary focus is on Adjudication (Building and Construction) under the Security of Payment Act, and International Arbitration.