News Alert

May 2022

The Most Active Law Firm in Domestic Bond Transactions (2 Years 2021-2020)

We are delighted to be ranked by Hukumonline in their “Capital-Market Lawyers Ranking 2021” as the number one law office handling the most local bond transactions (in number of transactions) on the IDX...

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June 2022

Top 3 Law Firms based on Number of Domestic Bond Transactions in 2021

We are delighted to be first ranked in the “Top 3 Law Firms based on Number of Domestic Bond Transactions in 2021” by Hukumonline in their “Capital-Market Lawyers Ranking 2021”...

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June 2022

Top 10 Law Firms based on the Target Amount of Funds Raised through Domestic Bonds in 2021

We are happy to be ranked as a runner up in the “Top 10 Law Firms based on the Target Amount of Funds Raised through Domestic Bonds in 2021” by Hukumonline in their “Capital-Market Lawyers Ranking 2021”...

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June 2022

Tumbuan & Partners (T&P) is pleased to announce the promotion of Risman Yansen Mario as a senior associate at T&P

Tumbuan & Partners (T&P) is pleased to announce the promotion of Risman Yansen Mario as a senior associate at T&P, effective from 1 June 2022. Risman started his legal career in 2010 and joined T&P in early 2014...

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June 2022

Big Four Law Firms based on the Total Issuance Amount in Global IPOs with Rule 144A from Underwriter’s side in 2021

We are pleased to be ranked as one of the “Big Four Law Firms based on the Total Issuance Amount in Global IPOs with Rule 144A from Underwriter’s side in 2021” by Hukumonline in their...

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June 2022

Tumbuan & Partners (T&P) is pleased to announce the promotion of Veronica Sylfani as a Partner of T&P

Tumbuan & Partners (T&P) is pleased to announce the promotion of Veronica Sylfani as a Partner of T&P, effective from 1 June 2022. Veronica started her legal career in 2011 by joining T&P right after her graduation from Atmajaya University Jakarta. She is...

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June 2022

Tumbuan & Partners has assisted PT CIMB Niaga Sekuritas which were acting as one of the Joint Lead Underwriters in the Initial Public Offering of PT Teladan Prima Agro Tbk ("TLDN")

Tumbuan & Partners has assisted PT CIMB Niaga Sekuritas which were acting as one of the Joint Lead Underwriters in the Initial Public ...

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June 2022

Tumbuan & Partners shortlisted as nominees of Asian Legal Business South East Asia Law Awards 2022

Tumbuan & Partners (“T&P”) has the opportunity to attend the award ceremony held by Asian Legal Business South East Asia Law Awards 2022 on 25th May 2022 in Singapore, where T&P was shortlisted...

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June 2022

Jennifer B. Tumbuan as Top 5 Finalist Managing Partner of Asian Legal Business South East Asia Law Awards 2022

Continuing Tumbuan & Partners’ (“T&P”) milestone, we are pleased to announce that Jennifer B. Tumbuan is recognized by the Asian Legal Business South East Asia Law Awards 2022 as a Finalist for Managing...

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June 2022

Jennifer B. Tumbuan as one of the Top Indonesian Lawyers 2022

Continuing Tumbuan & Partners’ (“T&P”) milestone, we are pleased to announce that Jennifer B. Tumbuan is recognized by the Asian Legal Business South East Asia Law Awards 2022 as a Finalist for Managing Partner of the Year (Emerging Markets) 2022. We are grateful for the nomination, but we are even more thankful for the hard work, commitment and dedication of our team members....

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June 2022

PT Hutama Karya Infrastruktur (HKI) closing of the Conditional Shares Sale and Purchase Agreement (CSPA) with PT Hakaaston (HKA) for the acquisition of PT Bhirawa Steel

We are delighted to announce the recent success of Tumbuan & Partners (T&P) in representing PT Hutama Karya Infrastruktur (HKI) for the closing...

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June 2022

Hukum Online meliput pengangkatan Veronica Sylfani sebagai partner baru Tumbuan & Partners

Hukum Online meliput pengangkatan Veronica Sylfani sebagai partner baru Tumbuan & Partners di bidang Capital Markets terhitung sejak tanggal 1 Juni 2022. Veronica Sylfani memulai kariernya pada tahun 2011 dan sangat berpengalaman dalam hal membantu transaksi public offerings, penerbitan obligasi dan...

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June 2022

Tumbuan & Partners recognizes as the best Law Firms in Asia for the Year 2022 by Asia Law

Tumbuan & Partners (“T&P”) is pleased to be recognized by Asia Law and included in their list of practice area rankings list that recognizes the best law firms in Asia year 2022, which have undertaken...

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June 2022

Tumbuan and Partners as a legal counsel for PT Hillcon Tbk (HILL) for Initial Public Offering (IPO)

Tumbuan and Partners, acted as a legal counsel for PT Hillcon Tbk (HILL), attended the Public Expose of HILL for Initial Public Offering (IPO) of up to IDR 880 million...

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June 2022

Tumbuan & Partners assisted the joint lead underwriters in the Initial Public Offering of PT Dharma Polimetal Tbk

Tumbuan & Partners has assisted the joint lead underwriters in the Initial Public Offering of PT Dharma Polimetal Tbk ("Dharma"). The offering had been processed...

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July 2022

Tumbuan & Partners acted as independent local counsel for PT Galley Adhika Arnawama as a new shareholder to acquire 1,341,955,000 shares owned by Indika Group

Tumbuan & Partners acted as independent local counsel for PT Galley Adhika Arnawama as the purchaser (new shareholder) in its plan to acquire 1,341,955,000 shares...

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July 2022

Tumbuan & Partners had the honour of assisting PT Usaha Pembiayaan Reliance Indonesia

Tumbuan & Partners (T&P) had the honour of assisting PT Usaha Pembiayaan Reliance Indonesia in their Shelf Bonds issuance offering by the name "Penawaran Umum Obligasi I REFI Tahun 2022" with a targeted funds of...

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July 2022

OJK Virtual Innovation Day

Toward the end of 2021, the Indonesian Financial Services Authority (commonly abbreviated as "OJK") held an OJK Virtual Innovation Day with as topic: “Building Robust and Sustainable Digital Finance Ecosystem Amid Covid 10 Pandemic” which is intended to promote and accommodate accommodate the acceleration of digital transformation in the financial service...

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July 2022

Tumbuan & Partners as Top Three Band Year 2022 by IFLR1000

We are delighted to announce that we have been recognized by IFLR1000 and listed in their financial and corporate law rankings for the Indonesia jurisdiction...

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August 2022

Tumbuan & Partners proud to announce our associate – Nizam Safaraz passed the exam of Association Data Privacy Professional Indonesia.

Tumbuan & Partners (“T&P”) is proud to announce that our Associate, Nizam Safaraz, has passed the exam of the...

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August 2022

Tumbuan & Partners as one of the top 100 Indonesian Law Firms and the No. 1 Midsize Corporate Practices in 2021 by Hukum Online

We are pleased to be ranked as one of the “Top 100 Indonesian Law Firms 2021” and be recognized as the No. 1 “Midsize Corporate...

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August 2022

Tumbuan & Partner’s contribution to Himpunan Konsultan Hukum Pasar Modal (HKHPM)

Several partners and associates of our firm are proud members of the Indonesian Capital Market Legal Consultant Association (Himpunan Konsultan Hukum Pasar Modal/"HKHPM"). Here are a few illustrations of our activities relating to...

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August 2022

Jennifer B. Tumbuan has been recognized as one of Asialaw’s Distinguished Practitioners in the expertise of Capital Markets, Banking and Finance

We are pleased to share that Jennifer B. Tumbuan has been recognized as one of Asialaw’s Distinguished Practitioners in the expertise of Capital Markets, Banking and Finance. Asialaw is...

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August 2022

Tumbuan & Partners (T&P) has assisted PT Maharaksa Biru Energi Tbk. (OASA) in its latest Extraordinary General Meeting of Shareholders (EGMS)

Tumbuan & Partners (T&P) has assisted PT Maharaksa Biru Energi Tbk. (OASA) in its latest Extraordinary General Meeting of Shareholders (EGMS). The EGMS approved the proposal of raising OASA's capital through rights issue (Hak Memesan Efek Terlebih Dahulu or HMETD) in 2022 along with the appointment of the new members of the Board of Commissioners of OASA namely, Hariyadi BS Sukamdani as the...

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August 2022

Dirgahayu Republik Indonesia ke-77

Kemerdekaan bukan tanda untuk berhenti berjuang. Selalu jaga semangat patriotisme, kobarkan semangat merah putih. Banggalah menjadi Warga Negara Indonesia. Dirgahayu Kemerdekaan Negara Republik Indonesia!

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August 2022

Tumbuan & Partners as one of the Top Capital Market Law Firms 2021

Tumbuan & Partners (“T&P”) is a highly reputable law firm in Indonesia, which was founded by the late Fred B.G. Tumbuan, a highly respected commercial law practitioner, academics and author who was regularly involved in drafting Indonesia’s...

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August 2022

Tumbuan & Partners assisted PT Hutama Karya Infrastruktur (HKI) to acquire majority shares of PT Bhirawa Steel

Many congratulations to PT Hutama Karya Infrastruktur (HKI) as the buyer and also to PT Hakaaston (HKA) as the seller of PT Bhirawa Steel's shares in closing the deal for HKI's acquisition of 37% shares of PT...

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August 2022

August 2022

September 2022

PERADI-SAI is giving their respects to our late Senior Partner, Frederik Bernard George Tumbuan

Our sincere gratitude to the Indonesian Advocates Association - Voice of Indonesian Advocates (Perhimpunan Advokat Indonesia Suara Advokat Indonesia/"PERADI-SAI") under the leadership of Dr. Juniver Girsang...

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Tumbuan & Partners completed the deal between PT Tigaraksa Satria Tbk and PT Digital Intisari Nusantara for the closing of sales and purchase agreement of the majority shares in PT Gramedia Digital Nusantara

In July 2022, Tumbuan & Partners (T&P) acted as independent legal counsel for PT Tigaraksa Satria Tbk (TGKA) for the closing of sales and purchase agreement of the majority shares in PT Gramedia Digital Nusantara (GDN) ...

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Numerous Achievements of T&P In 2020-2022

We are pleased to highlight our numerous achievements every year as a recognition of our firm’s leading position in the region. Through the years, we remain steadfast in our approach and commitment to the practice of law which have attracted ...

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September 2022

September 2022

September 2022

PT Hutama Karya (Persero) and PT Wijaya Karya Tbk completing the shares divestment in PT Prima Terminal Petikemas

Congratulations to PT Hutama Karya (Persero) (HK) and PT Wijaya Karya Tbk (WIKA) for the signing of the Share Sale and Purchase Agreement with PT Pelindo Terminal Petikemas (PTP), an affiliate company of PT Pelabuhan Indonesia...

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Tumbuan & Partners' Practice Areas

Tumbuan & Partners (T&P) is a leading Indonesian law firm that provides diverse legal services designed to meet our national and international clients’ needs. Our lawyers are licensed and registered as advocates and legal consultants who have extensive experiences, knowledge, and skills in handling legal issues under the laws of the Republic of Indonesia. The market has recognized T&P’s role in advising our clients for successful completion of high-profiled...

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Tumbuan and Partners attended the Focus Group Discussion "OJK’s Destination Statement for 2022 – 2027" held by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan)

Tumbuan and Partners has the opportunity to attend the Focus Group Discussion (FGD) held by the Indonesian Financial ...

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September 2022

September 2022

September 2022

The Key to Success Tumbuan & Partners (T&P)

Hukumonline.com features an article on “The Key to Success of Tumbuan & Partners (T&P) - Growing Since 1981”. For more than forty years providing legal services, T&P has become one of the leading full-service law firms in Indonesia. Our success and reputation as one of the prominent Indonesian law firms is based on our vision that “truly connect with clients and...

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The Additional Reporting Parties In The Prevention and Eradication of Crimes Money Laundering

Tumbuan & Partners (T&P) has been named and awarded by Hukum Online as the "Most Active Law Firm by Bond Transactions in Domestic Market 2020 & 2021". The award marked another milestone for T&P in the Indonesian capital...

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Jennifer B. Tumbuan has been listed in The A List Indonesia's Top 100 lawyers 2022

We are pleased to share the trophy of “A-List of Indonesia Top-100 Lawyers 2022” from Asia Business Law Journal to our senior partner, Jennifer B. Tumbuan for her extraordinary work. Asia Business Law Journal ranks the top lawyers...

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October 2022

October 2022

October 2022

Hari Kesaktian Pancasila 2022

Para pahlawan bangsa telah berhasil menjaga Pancasila sebagai dasar negara dan ideologi bangsa. Kini giliran kita menjaganya! Kita Indonesia, kita Pancasila. Selamat Hari Kesaktian Pancasila.

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Tumbuan and Partners attended the Focus Group Discussion "Digital Governance: Prerequisites to Support Digital Transformation”," held by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan)

Tumbuan and Partners attended the Webinar held by the Financial Services Authority (OJK) on August 11, 2022 with the theme of “Digital Governance: Prerequisites to Support Digital Transformation”, which is intended...

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Maulid Nabi Muhammad SAW 1444 H

Selamat menyambut perayaan Maulid Nabi 1444 H bagi sahabat-sahabat Muslim yang merayakan. Semoga ajaran Nabi Muhammad akan terus melekat pada diri kita sehingga...

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October 2022

October 2022

October 2022

Finalist ALB Indonesia Law Awards (T&P)

The shortlist of nominees for the Asian Legal Business (ALB) Indonesia Law Awards 2022 has been announced and we are pleased to let you know that Tumbuan & Partners has been nominated as one of the finalists in the following 9 (nine)...

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Finalist ALB Indonesia Law Awards (Managing Partner)

We are proud to announce that our Senior Partner, Jennifer B. Tumbuan, has also been nominated as one of the finalists in the category "Managing Partner of the Year" for the Asian Legal Business (ALB) Indonesia...

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HKHPM Organized a Webinar on The Topic of Suspension of Payment of Debts and Bankruptcy of Public Companies and The Impact to its Public Shareholders

Last August 2022, the Indonesian Capital Market Legal Consultants Association (Himpunan Konsultan Hukum Pasar Modal or HKHPM) organized a webinar on the topic of suspension of payment of debts and bankruptcy...

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October 2022

October 2022

October 2022

Pelaksanaan Penerbitan Kontrak Investasi Kolektif Beragun Aset, Peluang dan Tantangan

Tumbuan and Partners (T&P) hadir dalam Webinar yang diselenggarakan oleh Himpunan Konsultan Hukum Pasar Modal (HKHPM) pada tanggal 6 Oktober 2022 dengan tema “Pelaksanaan Penerbitan Kontrak Investasi Kolektif Efek Beragun Aset...

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Our senior partner Jennifer B. Tumbuan has the honour to be part as he chairman for the legal and governmental department of AMVENSINDO

The Association of Venture Capitals For Indonesian Start-Ups (Asosiasi Modal Ventura Untuk Start-Up Indonesia/AMVESINDO) which registers more than...

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Tumbuan & Partners (T&P) attended the Asian Legal Business (ALB) Indonesia Law Awards 2022 ceremony

Last Thursday, on the 20th of October 2022, Tumbuan & Partners (T&P) attended the Asian Legal Business (ALB) Indonesia Law Awards 2022 ceremony which recognizes the outstanding performance of private practitioners and in-house teams in Indonesia and around the region. Our sincere...

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October 2022

October 2022

October 2022

T&P client's transactions have been nominated as 3 finalist in the Debt Market Deal of the Year (Midsize) category in ALB Indonesia Law Awards 2022

We are honored that three (3) of our esteemed client's transactions have been nominated as finalist in the Debt Market Deal of the Year (Midsize) category in this year’s ALB Indonesia Law Awards 2022...

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This year's Debt Market Deal of the Year (Midsize) award went to Tumbuan & Partners in the Asian Legal Business (ALB) Indonesia Law Awards 2022

We are pleased to announce that one of the prestigious debt market deals which Tumbuan & Partners (T&P) was involved in, was awarded the Debt Market Deal of the Year (Midsize) in the Asian Legal Business (ALB) Indonesia Law Awards 2022. T&P has also...

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Tumbuan and Partners attended the Focus Group Discussion regarding "The Development Direction of the Venture Capital Industry Policy" held by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan)

In order to obtain comprehensive input on the plan of the changes to the key provisions in Indonesian Financial Services Authority (Otoritas Jasa Keuangan – OJK) Regulation...

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October 2022

November 2022

November 2022

Hari Sumpah Pemuda 2022

Indonesia butuh generasi cerdas dan tangguh. Indonesia butuh generasi yang punya tekad memajukan negeri. Tebarkan semangat kepemudaan demi Indonesia yang lebih maju. Selamat Hari Sumpah Pemuda.

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Tumbuan & Partners has participated as a member of Go Public Clinic in the Capital Market Summit Expo (CMSE) 2022

Tumbuan & Partners has participated in the Capital Market Summit Expo (CMSE) 2022 as a member of the Go Public Clinic. This event was virtually held by the Indonesia Stock Exchange (IDX), along with PT Kliring...

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Hari Pahlawan 10 November 2022

Dengan semangat kepahlawanan, kita perkuat persatuan demi membangun negeri. Mari kita lanjutkan perjuangan para pahlawan dan pejuang dalam mempertahankan kemerdekaan Indonesia. Selamat Hari Pahlawan 10 November ...

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November 2022

November 2022

November 2022

The Privacy and Data Protection Overview in Indonesia: The Newly Enacted Personal Data Protection Law

The Indonesian People's Representative Council and Government of the Republic of Indonesia has recently enacted the long-awaited Personal Data Protection Bill into law, providing a new...

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In October 2022, the Indonesian Receivers' and Administrators' Association (Asosiasi Kurator dan Pengurus Indonesia/AKPI) held the inauguration ceremony of the organization's committee members

In October 2022, the Indonesian Receivers' and Administrators' Association (Asosiasi Kurator dan Pengurus Indonesia/AKPI) held the inauguration ceremony of the organization's committee members under the leadership of AKPI's current chairman, Mr. Imran Nating SH MH...

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Tumbuan & Partners as of the Top 100 Law Firms Ranking For The Year 2022

It is a tremendous honours for us to have been included in hukumonline Top 100 Law Firms Ranking for the year 2022. The nomination honoured the exceptional performance of selected Indonesian law firms based Hukumonline's survey which...

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November 2022

November 2022

December 2022

Congratulations to PT Bio Farma (Persero), PT Kimia Farma Tbk (“KAEF”) and PT Kimia Farma Apotek (“KFA”) for its collaboration with the Silk Road Fund and the Indonesian Investment Authority

Congratulations to PT Bio Farma (Persero), PT Kimia Farma Tbk (“KAEF”) and PT Kimia Farma Apotek (“KFA”) for its collaboration with the Silk Road Fund and the Indonesian Investment Authority by forming a transformative partnership which is embodied in the signing of the Conditional Share Subscriptions and Purchase...

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Tumbuan and Partners (T&P) had the privilege to assist PT Indonesia Prima Property Tbk. (OMRE) in the Extraordinary General Meeting of Shareholders (EGMS), which was held in Jakarta on October 21, 2022

Tumbuan and Partners (T&P) had the privilege to assist PT Indonesia Prima Property Tbk. (OMRE) in the Extraordinary General Meeting of Shareholders (EGMS), which was held in Jakarta on October...

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Tumbuan & Partners (T&P) has been awarded with the Debt Market Deal of the Year (Midsize) in the Asian Legal Business (ALB) Indonesia Law Awards 2022

We are delighted to announce that Tumbuan & Partners (T&P) has been awarded with the Debt Market Deal of the Year (Midsize) in the Asian Legal Business (ALB) Indonesia Law Awards 2022. ALB Indonesia Law Awards is a prestigious annual legal award...

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December 2022

December 2022

December 2022

We are very honored to be recognized as the winner of Debt Market Deal of the Year (Midsize) in the Asian Legal Business (ALB) Indonesia Law Awards 2022

We are very honored to be recognized as the winner of Debt Market Deal of the Year (Midsize) in the Asian Legal Business (ALB) Indonesia Law Awards 2022. This valuable achievement is obtained after the Tumbuan & Partners's Capital Market team successfully assisted the clients in many...

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The Indonesian Capital Market Legal Consultants Association held its Annual Members’ Meeting last November 2022 and concurrently held a seminar on the topic of “Affiliated and Conflict of Interest Transactions” and the changes in its regulation from time to time.

The Indonesian Capital Market Legal Consultants Association (Himpunan Konsultan Hukum Pasar Modal or HKHPM) which registers more than 800 members, held its Annual Members’ Meeting last November 2022 and concurrently held a seminar, which was...

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The Indonesian Capital Market Legal Consultants Association held its Annual Members’ Meeting last November 2022 and concurrently held a seminar on the topic of “Affiliated and Conflict of Interest Transactions” and the changes in its regulation from time to time.

We are delighted to announce that our senior partner, Jennifer B. Tumbuan, was named as one of the Recommended Lawyers at Hukumonline In-House Counsel Choice 2022, that is part of the Indonesia In House Counsel Awards 2022 held by Hukumonline earlier this December...

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December 2022

December 2022

December 2022

Tumbuan & Partners was named as one of the Recommended Law Firms at Hukumonline’s In-House Counsel Choice 2022

We are delighted to announce that Tumbuan & Partners was named as one of the Recommended Law Firms at Hukumonline’s In-House Counsel Choice 2022, that is part of the Indonesia In House Counsel Awards 2022 held by Hukumonline earlier this...

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Selamat Hari Ibu 22 Desember 2022

Selamat Hari Ibu 22 Desember 2022. Ibu sebagai perempuan hebat dan tangguh adalah cerminan semangat juang perempuan Indonesia untuk mewujudkan kerja yang bermanfaat bagi keluarga, masyarakat dan bangsa Indonesia...

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Merry Christmas and Happy New Year 2023

From all of us at Tumbuan & Partners, we wish you a happy and restfull holiday season. May your days be filled with joy and peace....

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December 2022

January 2023

January 2023

Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its Pre-series A investment in Jago International Pte Ltd (Kopi Jago)

Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its Pre-series A investment in Jago International Pte Ltd (Kopi Jago) in the amount of over USD 1,000,000 (one million United States dollar). INTUDO is an “Indonesia-only” independent venture capital...

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Happy New Year 2023

This year, Tumbuan & Partners (T&P) celebrated countless milestones and collaborated to accomplish our goals. As another year comes to a close, T&P want to give our biggest appreciation to our lawyers, our staff, and our clients for all the hardwork, trust and support throughout 2022 and wish you all a Happy New Year.

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Indonesia Financial Services Authority Regulation No. 61/POJK.07/2020 concerning Alternative Institutions for Financial Services Sector Dispute Resolution

Based on the Article 10 of Indonesia Financial Services Authority Regulation No. 61/POJK.07/2020 concerning Alternative Institutions for Financial Services Sector Dispute Resolution, which commonly abbreviated as LAPS-SJK, the LAPS-SJK is required to periodically evaluate the LAPS-SJK regulations. In the light of this, Tumbuan and Partners on behalf of AMVESINDO

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January 2023

January 2023

January 2023

Tumbuan & Partners (T&P) assist Intudo Ventures (INTUDO) for its seed funding investment in Good Morning Ser Pte Ltd and PT Likuid Jaya Inisiasi (SERMORPHEUS)

Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its seed funding investment in Good Morning Ser Pte Ltd and PT Likuid Jaya Inisiasi (SERMORPHEUS) in the amount of over USD 1,000,000 (one million United States dollar)...

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TUMBUAN & PARTNERS is hiring LAWYERS

Qualifications : •At least 2 years of experience working in a reputable law firm and/or notary office •Bachelor of Law degree with a minimum GPA of 3,0 on a scale of 4,0 •Good time management and organizational skills •Fluent in Indonesian and English (both in writing and in speaking) •Computer literate (at least with the standard Microsoft Office tools)...

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T&P is proud to have represented PT Astra Sedaya Finance in managing its intellectual property rights protection

T&P is proud to have represented PT Astra Sedaya Finance, one of the top leading multi-finance companies in Indonesia that is part of the well known Astra Credit Companies (ACC) and respectively of Astra Financial, in managing its intellectual property rights protection for its mobile application for financing, called acc one...

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January 2023

January 2023

January 2023

Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its Pre-series A investment in Jago International Pte Ltd (Kopi Jago)

Tumbuan & Partners (T&P) is pleased to assist Intudo Ventures (INTUDO) for its Pre-series A investment in Jago International Pte Ltd (Kopi Jago) in the amount of over USD 1,000,000 (one million United States dollar). INTUDO is an “Indonesia-only” independent venture capital...

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Webinar Amvesindo Exit Mechanisms for Investors & Start-up Companies (IPO vs Acquisition) 6 December 2022

In closing the year 2022, the Association of Indonesian Venture Capital and Startups (AMVESINDO) held a seminar on "Exit Mechanisms For Investors & Startup Companies (IPO vs Acquisition)" which was held on December 6th, 2022 and attended by a total of 178 participants from various backgrounds, including stakeholders, VC's start-ups, law firms, underwriters, and academics...

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Tumbuan and Partners (“T&P”) had the honor of assisting PT Indonesia Prima Property Tbk

Tumbuan and Partners (“T&P”) had the honor of assisting PT Indonesia Prima Property Tbk. (OMRE) in its rights issue through the issuance of 1.200.211.000 new series B shares. The proceeds of the capital increase is proposed to be used to settle OMRE’s debt and as its working capital. OMRE is a publicly listed...

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January 2023

congratulations to PT Wijaya Karya Industri & Konstruksi (WIKON), a subsidiary of PT Wijaya Karya (Persero) Tbk. (WIKA) for the signing of the share sale and purchase agreement with PT Industri Baterai Indonesia (“IBC”C

The signing of the shares sale and purchase agreement is part of the Ministry of State-Owned Enterprise’s corporate strategic plan in building an electric vehicle ecosystem in Indonesia and was personally witnessed by the deputy of the Minister of State-Owned Enterprise. 

Tumbuan and Partners (“T&P”)...

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