Indonesia’s capital markets are characterized by both a non-comprehensive regulatory framework governing market activities and by the rapid deregulation and liberalization presently taking place. With respect to overseas transactions, the different timing and practice requirements in the issue markets are important considerations. Finally, there must be knowledge and relevance of various tax considerations in certain tax-favorable jurisdictions. This Group was established to specifically focus on the legal services needs of our clients with respect to their finance and securities related activities in Indonesia. Our Group members have engaged in debt issuances, including convertible bonds, floating rate issues, commercial paper, medium term notes; various linked return notes and equity issuances such as initial public offerings and the establishment of mutual funds in Jakarta and various Asian markets; and capital markets regulation and compliance advice.
The Group represents both domestic and overseas financial institutions, including securities companies, banks, and insurance companies. HP&P has considerable experience of working with officials at all levels of central and local government and regulatory bodies such as BAPEPAM (the Indonesian capital market legal authority), the Department of Finance, Bank Indonesia (the Indonesian central bank), and the Indonesian Stock Exchanges. Most of the partners of our Firm are BAPEPAM registered legal counsel qualified to issue BAPEPAM-accepted securities legal opinions.