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Key contacts
Managing Partner: Maria Sagrado
Partner: Stephanie Kandou
Quick facts
Number of partners

10

Number of lawyers

55

Network memberships

TRACE International and World Law Group

Languages

Indonesian, English, German, French, Chinese

Established in

1980

Key practice areas
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Restructuring and insolvency
M&A
Energy and infrastructure
Project development
Firm overview

The firm: Established in 1980 by two Harvard graduates, Nono Anwar Makarim and Frank Taira Supit, Makarim & Taira S. is one of Indonesia's oldest and most reputable independent full-service law firms, trusted by leading international and domestic clients to deliver applicable real world solutions. Its advice is based on 40 years of in-depth experience successfully navigating Indonesia's complex and rapidly changing landscape. Makarim & Taira S. is an internationally recognised firm with an impressive range of household names on its client list.

Makarim & Taira S. is offering a full range of corporate, banking, litigation and specialist legal services to national and international clients. The firm's longstanding reputation among policymakers, regulators, state-owned companies and world-leading industry groups provides unique insights into the latest government policies and industry knowledge. The firm guides clients through Indonesia's complex and dynamic regulatory landscape so they can achieve their commercial goals.

Reflecting on the quality of its work, client relationships tend to be long lasting, even spanning decades, as it works in partnership to help clients shape their businesses in Indonesia. Moreover, the firm's independent status enables it to work with other reputable parties that are qualified in their fields, including law firms from various jurisdictions.

Practice areas
  • Aviation
  • Banking & Finance
  • Capital Markets
  • Competition
  • Construction
  • Corporate
  • Employment
  • Foreign Investment
  • Franchise
  • Hotels & Tourism
  • Insolvency & Restructuring
  • Intellectual Property
  • IT & Telecommunications
  • Litigation & Dispute Resolution
  • Media
  • Mergers & Acquisitions
  • Mining & Energy
  • Power & Infrastructure Projects
  • Real Estate
  • Transportation
Recent transactional highlights

Project Finance/Energy & Infrastructure:

  • Rahayu Ningsih Hoed, Lina Amran, Vincent Ariesta Lie, Frederick Simanjuntak advised PT Bhumi Jati Power  for PLTU Tanjung Jati B 5 & 6;
  • Prasarana for Cirebon expansion PLTU Jawa-1;
  • Vincent Ariesta Lie, Rahayu Ningsih Hoed advised China Shenhua Energy Company-led consortium for PLTU Sumsel-1.

Banking & Finance:

  • Vincent Ariesta Lie, Frederick Simanjuntak, advised PT Toba Bara Sejahtra, Tbk. on receipt of credit facilities from PT Bank Mandiri Tbk. and PT Bank Keb Hana Indonesia.
  • Vincent Ariesta Lie advised PT Minahasa Cahaya Lestari, Tbk. on receipt of credit facilities from PT Bank Mandiri Tbk. and PT Sarana Multi Infrastruktur;
  • Tempo Scan Pacific Tbk and Tempo Group companies;
  • Frederick Simanjuntak advised PT Espay Debit Indonesia Koe on network integration agreement with PT Akulaku Finance Indonesia;
  • Maria Sagrado advised WeLab Quest Limited on joint venture with PT Sedaya Multi Investama for lending activities;
  • Lina Amran, Frederick Simanjuntak were legal counsel to lenders led by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Mizuho Bank, Ltd. for loan to PT Smelting.

M&A:

  • Vincent Ariesta Lie advised AEON Delight in acquiring PT Sinar Jernih Sarana, pioneering integrated facility services providing around 10,000 manpower to clients;
  • Vincent Ariesta Lie advised PT Toba Bara Energi in acquiring Paiton Energy  shares from PT Saratoga Investama Sedaya.
Address:
Summitmas 1, 16th-17th Floors
Jl. Jend. Sudirman, Kav. 61-62
Jakarta, 12190
Tel:+62 21 5080 8300; 252 1272 Fax:+6221 252 2750, 252 275 Email:Contact Us Web Address:http://www.makarim.com
2027 Edition
Banking
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Capital markets : Debt
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Capital markets : Equity
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M&A
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Project development
30 firms ranked
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Project finance
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Restructuring and insolvency
38 firms ranked
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Linked Reviews
Financial and corporate

Founded in 1980, Jakarta-headquartered Makarim & Taira S is one of the most well-recognised names in Indonesia’s legal market. In 2020, it formed Drew Network Asia with Drew & Napier in Singapore and Shearn Delamore & Co in Malaysia to foster collaboration to serve the ASEAN region. The firm is also a member of the World Law Group and World Services Group.  

Highlights  

Recent examples of the firm’s deal work include advising Freeport Indonesia (PTFI) on its acquisition of a controlling stake in Smelting through a sophisticated debt-to-equity swap. The transaction was highly complex due to its multi-layered structure. The debt conversion triggered a mandatory change-of-control process, requiring meticulous adherence to Indonesian acquisition rules.  

Other highlights include advising Grab Holdings on its acquisition of the Chope group of companies, a leading Singapore-based restaurant reservation platform. This acquisition is a strategic expansion for Grab. The primary legal challenge involved the seamless integration of Chope's existing business, particularly in Indonesia.  

Key clients  

Freeport Indonesia, Azelis Group, and Grab Holdings. 

10 results10 results
Deal Highlights
20 results20 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
PT Freeport Indonesia - Financing
2020-06-02
Makarim & Taira S
Indonesia
Financing
Maria Sagrado
PT Freeport Indonesia
Borrower
PT Mega Manunggal Property Tbk - Financing
2020-08-10
Makarim & Taira S
Indonesia
Financing
Vincent Ariesta Lie
PT Mega Manunggal Property Tbk
Borrower
PT Shenhua Guohua Lion Power Indonesia - Project development
2020-05-30
Makarim & Taira S
Indonesia
Project development
Vincent Ariesta Lie, Rahayu Ningsih Hoed
PT Shenhua Guohua Lion Power Indonesia
Project developer
PT Bhumi Jati Power - Project development
2021-02-25
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed, Vincent Ariesta Lie, Frederick Simanjuntak
PT Bhumi Jati Power
Sponsor
Home Box Office; Affiliates Asia; Turner Broadcasting System - Restructuring
2021-01-11
Makarim & Taira S
Indonesia
Restructuring
Lia Alizia
Home Box Office, Affiliates Asia, Turner Broadcasting System
Creditor
AerCap - M&A
2022-01-21
Makarim & Taira S
Indonesia
M&A
Lia Alizia
AerCap
Acquirer
Apis General Partner II LLP - M&A
2021-01-07
Makarim & Taira S
Indonesia
M&A
Hilton King, Maria Sagrado
Apis General Partner II LLP
Investor
Arthur J Gallagher & Co - M&A
2022-02-24
Makarim & Taira S
Indonesia
M&A
Hilton King, Frederick Simanjuntak
Arthur J Gallagher & Co
Acquirer
Eastbridge Partners Co Ltd - M&A
2021-01-09
Makarim & Taira S
Indonesia
M&A
Maria Sagrado, Vincent Ariesta Lie
Eastbridge Partners Co Ltd
Acquirer
Ferro Corporation - M&A
2021-02-25
Makarim & Taira S
Indonesia
M&A
Hilton King
Ferro Corporation
Acquirer
International Flavors and Fragrances - Restructuring
2022-02-24
Makarim & Taira S
Indonesia
Restructuring
Lia Alizia
International Flavors and Fragrances
Shareholder
Platinum Equity - M&A
2021-01-10
Makarim & Taira S
Indonesia
M&A
Hilton King
Platinum Equity
Acquirer
PT Cirebon Energi Prasarana - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed, Vincent Ariesta Lie
PT Cirebon Energi Prasarana
Project developer
PT Freeport Indonesia - Financing
2021-07-21
Makarim & Taira S
Indonesia
Financing
Hilton King, Maria Sagrado
PT Freeport Indonesia
Borrower
PT Freeport Indonesia - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Hilton King, Rahayu Ningsih Hoed
PT Freeport Indonesia
Project developer
PT JCB International Indonesia - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Maria Sagrado
PT JCB International Indonesia
Project developer
PT Kreasi Teknologi Makmur - M&A
2021-01-06
Makarim & Taira S
Indonesia
M&A
Lia Alizia
PT Kreasi Teknologi Makmur
Acquirer
PT Peruri Properti - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Rahayu Ningsih Hoed
PT Peruri Properti
Project developer
The embassy of a foreign country in Jakarta - Project development
2022-02-24
Makarim & Taira S
Indonesia
Project development
Heru Mardijarto
The embassy of a foreign country in Jakarta
Project company
UOB Kay Hian Credit Pte Ltd; PT Bank UOB Indonesia - Financing
2021-10-06
Makarim & Taira S
Indonesia
Financing
Frederick Simanjuntak, Maria Sagrado
UOB Kay Hian Credit Pte Ltd, PT Bank UOB Indonesia
Lender
Sponsored

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  • Sponsored by Makarim & Taira S
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