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What Others Say About LGS

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What Others Say About LGS in 2011

“one of the most long-established law firms in Indonesia” – Chambers

“distinguished and wide-ranging dispute resolution practice” – Chambers

“The partner you engage on a deal works on the deal and completely oversees and carries the work. As a result, the work gets done extremely well and in an efficient and productive manner.” – IFLR1000

“"handles all restructuring work in Indonesia", says a rival partner” – IFLR1000

“very commercially minded and innovative, and is prepared to look at things from a different angle” – Asialaw Profiles

“one of the fast growing litigation practices among corporate law firms in Indonesia” – Asialaw Profiles

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Banking & Finance

The firm continues to utilise its deep-rooted influence and knowledge of the law in the finance area. Highlights include advising Standard Chartered as the lender of USD100 million to Triputra Investindo Arya and Trinugraha Thohir; the team also advised DBS Bank, OCBC Bank, BNP Paribas and eight other financial institutions on a USD500 million loan to Adaro.

Sources say: “One of the longest established law firms in Jakarta.”

Arief Surowidjojo is a noted finance lawyer, and has also been a senior lecturer at the University of Indonesia for 20 years.

Capital Markets

Arief Surowidjojo is highlighted for his unrivalled experience. He acted as counsel to the underwriters in Adaro Indonesia's USD800 million high-yield notes offering, one of the most high-profile transactions to have taken place in Indonesia of late.

The firm is one of the most long-established law firms in Indonesia, and continues to be active in the corporate world. It has far-reaching connections with many domestic and overseas banks, and provides strong commercial advice informed by decades of experience. The team recently worked on Alam Tri Abadi and Jasapower Indonesia's acquisition of 95% interest in Orchard Maritime Logistics.

Arief Surowidjojo has handled numerous M&A deals to date, and has also worked with the Indonesian government on corporate affairs. Abdul Haris Muhammad Rum maintains close ties with Adaro, and handles much of the firm's work in the natural resources sector.

Dispute Resolution

The firm has a distinguished and wide-ranging dispute resolution practice, acting for clients such as Goldman Sachs and Bulk Trading. The firm's services cover consumer protection, bankruptcy, IT and insurance. The team is home to many experienced partners who are knowledgeable of both Indonesian and international laws.

Harjon Sinaga’s wealth of corporate experience strengthens his commercial litigation practice. He is especially well versed in competition law and bankruptcy. Mohamed Idwan Ganie was admitted to the Indonesian Bar in 1984 and is an acclaimed antitrust expert.

Projects & Natural Resources

The well-established firm continues to work closely with Adaro and upholds a distinguished reputation among Indonesian law firms. It stands out for its 30 years of experience in mining and energy, and also offers an excellent shipping and maritime practice.

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Banking and finance

Mohamed Idwan (Kiki) Ganie and Arief Surowidjojo head the practice, which recently acted as local counsel to the banks on a $400m senior loan facility to a subsidiary of Adaro Energy.

Capital markets

At Lubis Ganie Surowidjojo Arief Surowidjojo leads a team that is rated for its experience on bond offerings. Highlights included advising a mining company in a major share transfer.

Corporate and M&A

Lubis Ganie Surowidjojo has a broad client base that includes mining companies and banks.

Dispute resolution

Lubis Ganie Surowidjojo advises clients in disputes arising from restructuring and bankruptcy proceedings. Timbul Thomas Lubis is recommended.

Projects and energy

Lubis Ganie Surowidjojo’s expertise covers mining, toll roads and other infrastructure projects. Mohamed Idwan (Kiki) Ganie is recommended.

Real estate

Lubis Ganie Surowidjojo is noted for its construction experience.

Restructuring and insolvency

Lubis Ganie Surowidjojo has a strong pedigree in bank restructuring matters and has previously advised the Indonesian Bank Restructuring Agency (IBRA).

Lubis Ganie Surowidjojo handles both wet and dry work for a range of clients. The team has previously represented Itochu Corporation regarding oil pollution in Indonesia, and also assisted Pusan International Law Offices regarding a ship arrest in Batam.

The IFLR1000 is the guide to the world's leading financial law firms. Based on extensive independent research, we provide rankings and analysis of the best financial law firms operating in more than 100 markets worldwide

Capital markets and mergers and acquisitions

"Very commercially minded and innovative, prepared to look at things from a different angle," comments one client of the firm. The ability to continuously implement current developments of laws and regulations, especially in the capital markets, is often praised. One rival law firm comments: "I think LGS is the dean of capital markets."

The firm has been active in advising on several acquisition transactions that are still on-going, among them advising a mining services company on the proposed acquisition of a 30% stake in group of coal mining companies in Sumatera and South Kalimantan.

Other capital markets transactions include advising a company in the acquisition of a group of shipping companies in Indonesia and Singapore, which involved the rights issue of the target company and renouncement of the seller's entitlement to subscribe for shares to be issued in the rights issue.

Another highlight was advising PT Recapital Securities as the standby buyer in the subscription of shares in connection with the rights issue of PT Bank Eksekutif International worth Rp512 billion ($60 million)

In M&A the team advised PT Recapital Advisors as the buyer in the acquisition of PT Bank Eksekutif for $40 million. This acquisition involved the structure of rights issues to the bank and renouncement of shareholders' entitlement to PT Recapital Securities

Banking and finance

Lubis Ganie Surowidjojo "handles all restructuring work in Indonesia", says a rival partner. The team has a solid record advising on bank restructurings and has acted as counsel to the Indonesian Bank Restructuring Agency.

Satisfied clients note that: "The partner you engage on a deal works on the deal and completely oversees and carries the work. As a result, the work gets done extremely well and in an efficient and productive manner."

The past year has seen the team advise PT Recapital Advisors as the buyer in a $40 million acquisition of PT Bank Eksekutif. This acquisition is for the purpose of a corporate rescue of the Bank and involved the structure of a rights issue and renouncement of shareholders' entitlement to PT Recapital Securities.

Lubis Ganie Surowidjojo "understandably receives the majority of the restructuring work in Indonesia", says a competitor.

Other notable transactions for the firm include advising the financing for the Rp350 billion ($41 million) acquisition of PT Bank Pundi Indonesia (formerly PT Bank Eksekutif Internasional - Recapital). This transaction was had a complex funding structure and had to comply with various Bank Indonesia requirements regulating acquisitions of an Indonesian bank.

Asia Law Profiles’ law firm rankings are based on the recommendations of in-house counsel at the world's most prominent companies and financial institutions, as well as the leading lawyers, attorneys and solicitors in each legal market we cover.

Banking & Finance

Lubis Ganie Surowidjojo “handles all restructuring work in Indonesia”, says a rival law firm partner. The team has a solid record advising on bank restructuring and has acted as counsel to the Indonesian Bank Restructuring Agency.

One satisfied clients says: “The partner you engage on a deal works on the deal, and completely oversees and carries out the work. As a result, the work gets done extremely well and in an efficient and productive manner.”

The firm advised PT Bank Tabungan Pensiunan Nasional on two bond issuances valued at Rp1.3 trillion and Rp1.1 trillion respectively. The team also advised the same client on a rights issue.

Lubis Ganie Surowidjojo is widely recognised for its corporate and commercial law expertise, with its main focus on the acquisition of companies. The firm has frequently advised on acquisitions involving complex corporate and debt restructuring issues.

One client says: “The firm is very commercially minded and innovative, and is prepared to look at things from a different angle.”

The team advised PT Recapital Advisors on its acquisition of PT Bank Eksekutif. This corporate rescue involved the structure of a rights issue of the bank and a renouncement of shareholders’ entitlement to PT Recapital Securities.

Other work included advising Beaconhouse Educational Services in its acquisition of schools in Indonesia, which included various regulatory issues.

Construction & Real Estate

Lubis Ganie Surowidjojo’s renowned construction team is led by Timbul Thomas Lubis, who is a specialist in the areas of property and real estate.

The firm represented the Ministry of Finance, and Indonesia Infrastructure Guarantee Fund (IIGF) as guarantors, on infrastructure guarantees for the Central Java Power Plant Project. This large scale project included structuring the infrastructure guarantee and providing advice on Indonesian legal issues.

Another notable deal was advising IIGF, and assisting the Indonesian Government, on the Way Sekampung Drinking Water Project in Bandar Lampung. Advice included review of documentation for the IIGF guarantee and the concession agreement. Lampung is one of the first PPP projects under the recently enacted PPP supporting legal and regulatory framework.

Dispute Resolution

The dispute resolution practice at Lubis Ganie Surowidjojo is considered as one of the fast growing litigation practices among corporate law firms in Indonesia. The team is heavily involved on high profile complex cases. For example, it represented PT Medco Energi Internasional and PT Medco E&P Tomori Sulawesi in an antitrust and monopoly case. Another notable transaction included representing PT Krakatau Steel in an arbitration proceeding at the Indonesian National Board of Arbitration.

Energy & Natural Resources

Lubis Ganie Surowidjojo’s energy and natural resources practice is “very experienced in coal and mineral mining, and infrastructure projects”, says a rival partner.

The firm’s experience in handling projects in the fields of mining and energy is highly regarded by peers, with the team assisting on numerous major transactions in the mining sector.

Practice leader Abdul Haris Muhammad Rum has “extensive knowledge of the mining industry”, says a rival partner. He led a team advising the Ministry of Finance, and Indonesia Infrastructure Guarantee Fund as guarantor, on infrastructure guarantees for the Central Java Power Plant Project.

Another notable transaction was advising Allestari Development on its acquisition of North Maluku-based coal mining company PT Alam Raya Abadi.

Shipping & Maritime & Aviation

Lubis Ganie Surowidjojo’s practice works across all areas of shipping and maritime law. The team is led by senior partner Dr M Idwan Ganie, who is an acclaimed expert in this area.

The firm’s solid international client base includes corporations such as Orchard Maritime, Pan Maritime and Bulk Trading. Some recent transactions include representing Itochu Corporation regarding oil pollution in Indonesia and assisting Pusan International Law Office on a ship arrest in Batam.

Last year’s highlight was representing the European Aeronautic Defence and Space Company NV (EADS) in setting up a limited liability company.

 

[Last update: 2012-01-16 02:21:15]