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Key contacts
Managing Partner: Yozua Makes
Partner: Fransisca
Partner: Bernardus Billy
Quick facts
Number of lawyers

30

Number of partners

5

Languages

Indonesian and English

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

Makes & Partners is an award winning, independent, innovative, and creative Indonesian law firm and a leader in the Indonesian integrated corporate finance and corporate commercial legal services market.
Established in 1993 by Yozua Makes, we provide high quality, aggressive, and dynamic services to our Indonesian and international clients. Since our inception, we have adopted and inculcated the philosophy: "solving a legal problem means more than just knowing the law", to achieve a result-oriented commercial approach and high completion rate for our transactions.

We are recognized by the market as a law firm with extensive knowledge and experience in strategy formulation and contract negotiation. We are proud of our more than 95% completion success rate for transactions handled, which is considered highest among Indonesian law firms. This is largely due to the strategic legal structures, negotiation tactics, and innovative and detailed approach we adopt in complex deals along with the support of our clients, other professional advisers and our network of experts and authorities. In many transactions, our role has been extended to transaction counsel to the parties as a consequence of our recognized track record and our ability as competent mediators.

In 2014, we welcomed the era of greater ASEAN and Pan-Asian economic cooperation and integration with a strategic alliance with leading Singapore firm WongPartnership LLP for seamless services throughout the region. In addition, we have also recently established a strategic alliance with Lubis Santosa & Mitra (“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 optimal services to our clients.

Our partners also provide value added prestige to the Firm. In 2022, our managing partner, Yozua Makes, was appointed as a member of the newly established Indonesian sovereign wealth fund, the Indonesian Investment Authority by President Joko Widodo. He has also been appointed as a member of the supervisory board of the Indonesian Chamber of Commerce and Industry (KADIN). Our pre-eminent capital markets senior partner, Iwan Setiawan, is appointed as the Chairman of the Indonesia Association of Capital Markets Legal Consultants (HKHPM) for 2021-2024. Our youngest partner, Bernardus Billy has been appointed as a member of the ethical board of the Financial Services Authority (OJK) accredited Indonesian Fintech Association (AFTECH) for 2021-2025, building a solid reputation as the head of the Firm’s Fintech, Startup, and Venture Capital practice group.

The market recognizes us for our role in advising and bringing to a successful completion high profile and complex corporate commercial transactions.

Our legal advice is provided within the context of our client's business, ensuring that the client receives well-formulated, strategic and transaction-specific advice. This has often resulted in the development of legal products and structures appropriate to the needs of our clients which are not only accepted but also well-regarded in the market and by the appropriate regulatory agencies.

 

 

 

Key transactional practices
  • Banking
  • Capital markets: Debt
  • Capital markets: Equity
  • Capital markets: High yield
  • Competition
  • Financial restructuring
  • Financial services regulatory
  • M&A
  • Project development
  • Private equity
  • Project finance
  • Restructuring and insolvency
  • Real estate funds
Address:
Menara Batavia, 7th Floor
Jalan KH. Mas Mansyur Kav. 126, Karet Tengsin, Central Jakarta
Jakarta 10220
Tel:+62 21 574 7181 Fax:+62 21 574 7180 Email:Contact Us Web Address:https://www.makeslaw.com
2027 Edition
Banking
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Capital markets : Debt
19 firms ranked
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Capital markets : Equity
24 firms ranked
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M&A
61 firms ranked
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Project finance
24 firms ranked
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Restructuring and insolvency
38 firms ranked
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Linked Reviews
Financial and corporate

Active since 1993, Makes & Partners excels in capital markets and has formidable banking and finance, corporate, and M&A and restructuring practices. Founder and name partner Yozua Makes leads the firm as managing partner. In 2014, it strengthened its regional presence by entering into a strategic alliance with WongPartnership in Singapore.  

Highlights  

The firm successfully executed Indonesia's first go-private transaction under OJK Regulation 3/2021. The firm pioneered a novel solution by combining the OJK process with the Afwezigheid (absentee) procedure from the Indonesian Civil Code. After obtaining a court decree to transfer unreachable shares to the Heritage Office, Makes coordinated with regulators and securities companies to implement the ruling. This groundbreaking approach resolved a long-standing market challenge, establishing an efficient precedent for future go-private transactions in Indonesia.  

Other highlights include advising a client on the strategic acquisition of Mahkota Prima Properti, the owner of Jakarta's prominent Capital Place Tower. This high-stakes transaction required navigating multiple legal challenges. A key complexity involved the building's integration with the Four Seasons hotel under an Indonesian condominium association (P3SRS), requiring sophisticated navigation of shared facility governance.  

Key clients  

OMS Group, Summarecon Agung, Agung Podomoro Land, Lippo Mall Indonesia Retail Trust, TIS Petroleum (Asia), Profesional Telekomunikasi Indonesia, Indonesian Paradise Property, Lippo Karawaci, Bank Syariah Indonesia, and Bank Mandiri (Persero). 

7 results7 results
Deal Highlights
10 results10 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
LMIRT Capital Pte Ltd - Bond Issue
2021-02-01
Makes & Partners
Singapore
Bond issue
LMIRT Capital Pte Ltd
Issuer
Golden Energy & Resources - Bond Issue
2021-05-01
Makes & Partners
Singapore
Bond issue
Golden Energy & Resources
Issuer
Ciputra Development - Bond Issue
2021-02-01
Makes & Partners
Indonesia
Bond issue
Ciputra Development
Issuer
Agung Podomoro Land - Financing
2020-12-02
Makes & Partners
Indonesia
Financing
Fransisca
Agung Podomoro Land
Borrower
KKR - Financing
2020-11-01
Makes & Partners
Indonesia
Financing
Fransisca
KKR
Borrower
Golden Energy Mines - Secondary share offering
2020-08-12
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Golden Energy Mines
Issuer
Tiga Pilar Sejahtera Food - Secondary share offering
2020-10-05
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Tiga Pilar Sejahtera Food
Issuer
Agung Podomoro Land - Secondary share offering
2020-03-01
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan
Agung Podomoro Land
Issuer
Bali Towerindo Sentra - Secondary share offering
2020-06-17
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan, Bernardus Billy
Bali Towerindo Sentra
Issuer
Protelindo - Secondary share offering
2020-08-01
Makes & Partners
Indonesia
Secondary share offering
Iwan Setiawan, Bernardus Billy
Protelindo
Issuer
ESG
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