Indonesia

Active since 2016, Jakarta-headquartered TnP Law Firm (Formerly TJAJO & Partners) is a well-respected corporate practice recognized for its strong banking, capital markets, M&A, and restructuring expertise. The firm maintains long-standing relationships with multinational corporations, financial institutions, and government entities across various sectors, building on its established reputation in Indonesia's legal market.

Highlights 

The firm maintained strong activity across its core corporate practice areas during the research period. The banking team demonstrated versatility by representing both lenders and borrowers across domestic, acquisition, and project financing mandates.

In capital markets, the firm handled both debt and equity matters, advising issuers on shelf bond offerings, sustainable bonds, and shelf-registered bonds for debt transactions, while guiding clients through IPOs, rights issues, and private placements on the equity side.

The M&A practice achieved particular prominence through its representation of Jasa Marga (Persero), Indonesia's state-owned toll road operator, in a landmark $1 billion equity financing with a consortium comprising GIC and Metro Pacific Tollways. This transaction establishes an important precedent for future public-private partnerships in Indonesia's infrastructure sector.

Key clients 

Bank Negara Indonesia, Bank Mandiri, Alter Abadi, Petrosea, Vale Indonesia, Petrindo Jaya Kreasi, Jasa Marga (Persero), Dayamitra Telekomunikasi, Pelindo Group, Injourney Tourism Development Corporation (ITDC), Perusahaan Pengelola Aset (PPA)

Testimonials   

Banking and finance

“TnP Law Firm strives to always deliver their works on time without jeopardizing the quality of the work, and their Partner Melissa is quick to grasp the client's needs and managed to always come up with strategy and solutions to fulfil the client's needs.”

“TnP Law Firm had shown deep and extensive expertise in the field of banking and finance during the work with us. They are also easily to communicate with and to be reached out therefore we can address our concern appropriately and their work was delivered in timely manner. We are happy with their work.”

Capital markets: Equity

“Extensive knowledge to capital market regulations as well as the experience or best practice in providing legal advice for the capital increase transaction.”

M&A

“TnP has technical expertise combined with local practice knowledge. On top of that TnP shows very high commercial sense. The team from partner level to the working team is very supportive.”

“What makes TnP Law Firm in Indonesia stand out is their extensive experience in advising and representing state-owned enterprises (SOEs). Their legal considerations are well-aligned with the regulatory framework and practical realities specific to our operations. In addition, TnP Law Firm in Indonesia is able to deliver accurate legal reviews and assessments within a relatively short timeframe, which has been critical to our decision-making processes.”

Project finance

“They seemed to be mastering the regulations and have an experienced team to work with.”

Others

"TnP provides experienced and excellent legal consultant and advisor with deep understanding in each project enabling our management to make proper decisions."

"TnP Law Firm was really helpful in answering company's enquiries regarding the process, assisting the company preparing documents and also helping company in providing feedbacks and response needed by the authority. "

Melissa Butarbutar

“Melissa consistently provides well-considered legal advice that takes into account not only legal and corporate aspects, but also relevant industry practices, particularly among other Indonesian state-owned enterprises (BUMNs). Her insights are always enlightening and tailored to the practical realities we face.

We have frequently received constructive suggestions from her including timely reminders on seemingly minor yet critical matters, such as alignment with our Articles of Association or the need for shareholder approval, which could easily be overlooked. Her attention to such details is highly valuable.

Melissa is also highly responsive and accessible, even in urgent situations. She is able to promptly deliver clear preliminary advice, followed by a comprehensive legal analysis, either directly or through her team, within the timeline we require. This reliability and depth of support have made her a trusted legal advisor for our team.”

“She is always ready for a quick phone call to discuss urgent matters and can grasp our needs quickly and provides proposed solutions within a timely manner.”

Eldwin Islamey

“He did a good job in the delivery of our mother vessel from the seller.”

Brahmantyo Jatiwidianto

“Very good in communication and accommodating our needs.”

Ken Prasadtyo

“Ken Prasadtyo has a really good knowledge about capital market regulations and extensive experience in providing legal advice as well as problem solving skill in overcoming any issue within the completion of the transaction.”

Frans Sihasale

“He is great to listen and give prompt feedback whenever we have concerns during our work together.”