Asia Business Law Journal highlights top law firms in Indonesia. Byung Jin Park reports

Indonesia has entered a period of legal and regulatory change in 2026, marked most notably by the implementation of its new criminal code. Enacted in 2023, Indonesia’s new criminal code took effect on 2 January 2026, replacing the previous criminal code and formally recognising and expanding corporate criminal liability.

Given the new criminal code’s direct impact on businesses, the reform is likely to increase demand for legal advice on corporate compliance, internal controls and potential criminal liability for employees and executives.

Not all of Indonesia’s legal reforms, however, are creating additional burdens for businesses.

In July 2026, the Indonesian parliament passed legislation establishing a legal and regulatory framework for an International Financial Centre (IFC). Covering a broad array of sectors including finance, insurance, capital markets, Islamic finance and fintech, the law establishes tax and customs incentives.

The IFC’s proposed fiscal incentives could create opportunities for financial institutions, private equity and venture capital firms, asset managers, and multinational corporations. However, developing the IFC into an international financial hub in the region will require local legal advice on regulatory, tax and dispute resolution issues.

Finally, Indonesia is working towards making Nusantara its political capital by 2028. As implementing regulations governing the new capital’s special administrative framework, land management, spatial planning, licensing and financing continue to be refined, Indonesian law firms are likely to play a key role supporting the government and businesses with the legal and regulatory issues arising from the relocation of state institutions.

Against this backdrop of opportunities for law firms, Asia Business Law Journal has carefully identified the best law firms in Indonesia. We have given awards in categories, including Law Firm of the Year, Best Overall Law Firms, Best Boutique Law Firm and Best New Law Firm, along with four winners in 30 other categories, each of equal standing.

Law firm awards

LAW FIRM OF THE YEAR

HHP LAW FIRM

HHP Law Firm, the Jakarta-based member firm of Baker McKenzie, served as Indonesian counsel to Superbank on its December 2025 IPO. The IPO raised IDR2.79 trillion (USD160 million), with the company’s shares closing 24.4% above the offer price on their trading debut. This advisory role earned HHP the Capital Markets award.

The law firm also advised Indonesia’s sovereign wealth fund, Danantara – the world’s seventh-largest with more than USD900 billion in assets – on a landmark USD10 billion revolving credit facility provided by a consortium of offshore international banks. According to HHP, this transaction represents the largest revolving credit facility ever granted to a sovereign wealth fund in Southeast Asia. This Danantara mandate earned the firm the Banking & Finance award.

Finally, HHP advised a joint venture securities firm on its complete entity closure and workforce termination in Indonesia. The scope of this mandate included regulatory compliance, documentation and the co-ordination of workforce exit and executive arrangements. This advisory role earned the firm the Labour & Employment award.

Law firm awards

BEST OVERALL LAW FIRMS

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • HHP LAW FIRM

ABNR Counsellors at Law advised Flight Centre Travel Group on the Indonesian aspects of the divestment of its hotel management business, which encompasses a portfolio of more than 1,500 rooms across 17 hotels in Thailand and Indonesia. This mandate included a complex pre-completion carve-out requiring the negotiation of multiple standalone asset purchase agreements, earning the firm the Real Estate award.

ABNR also represented Booking.com and Agoda in an ongoing investigation by the Indonesian Competition Commission (KPPU) into parity clauses used by online travel agents in hotel co-operation agreements. Across both matters, ABNR advised on procedural strategy, prepared written submissions and assisted with filing change-of-behaviour requests. This mandate earned the firm the Competition & Antitrust award.

Finally, ABNR represented the Asian Development Bank, Japan Bank for International Co-operation, and lenders MUFG, Mizuho, SMBC and Hyakugo Bank on a USD370 million financing for the second 80MW unit of the Muara Laboh geothermal power plant in West Sumatra. The mandate covered term sheet negotiations, financing documentation, Indonesian security arrangements, legal opinions and transaction closing, earning the firm the Infrastructure & Project Finance award.

Jung Hyun Bhan, a corporate lawyer based in Seoul, speaks highly of the firm: “ABNR Counsellors at Law has consistently provided practical, reliable and business-oriented advice. Their responsiveness and strong understanding of client needs have been particularly valuable.”

Assegaf Hamzah & Partners advised Adivira Capital on its acquisition of a minority stake in Indonesian aesthetics clinic operator Euro Medika Indonesia (Euromedica). Closed in December 2025, the transaction marked Euromedica’s first institutional private equity investment and highlighted growing PE interest in Indonesia’s consumer healthcare and medical aesthetics sector. This advisory role earned the firm the Healthcare & Life Sciences award.

The firm also advised Innoven SEA Ventures VCC, a venture debt and lending platform in Asia, in its financing to a Singapore holding company established to support high-growth, technology-driven ventures. The financing was intended to fund the acquisition of electric vehicles to be owned by the Singapore entity and leased to customers in Indonesia through its Indonesian subsidiary. Completed in September 2025, this transaction earned the firm the Banking & Finance award.

Finally, the firm advised Alfamart Group on its first overseas retail investment, facilitating the group’s entry into the Bangladeshi market. The transaction established a joint venture among Alfamart Group, Mitsubishi Corporation and Kazi Farms Group to develop and operate a minimarket grocery retail business, along with related supply chain and ancillary operations. Closed in December 2025, this mandate earned the firm the Outbound Investment award.

Dentons HPRP advised Ikhlas Capital on its investment in Surya Pratista Hutama (Suprama), an Indonesian fast-moving consumer goods (FMCG) producer known for the popular Mi Burung Dara noodle brand. This transaction involved structuring a private equity investment in a founder-owned business, including governance and exit arrangements to support the company’s expansion. This deal earned Dentons HPRP the Private Equity & Venture Capital award.

Dentons HPRP represented AerCap in a USD25 million creditor claim during the bankruptcy proceedings of Merpati Nusantara Airlines, assisting with claim submissions, creditor rights strategy and representation to maximise recovery prospects. This earned the firm the Restructuring, Refinancing & Insolvency award.

The firm also advised UK-based marine engineering company Babcock International Group on its USD6 billion investment in Indonesia to construct warships and renew the country’s fishing fleet. The mandate covered human rights due diligence, anti-bribery and corruption compliance, and internal escalation procedures under both British and Indonesian law.

It also included due diligence on local consultants and the implementation of safeguards for government-facing engagements. This advisory role earned the firm the Compliance & Corporate Governance award.

Law firm awards

BEST BOUTIQUE LAW FIRM

  • K&K ADVOCATES

K&K Advocates’ IP practice is led by partner Justisiari Kusumah and trademark partner Risti Wulansari, and has won both the IP Enforcement and IP Protection awards. For Hugo Boss, the two partners recently managed ongoing trademark monitoring and opposition filings before the Indonesian Trademark Office against third-party applications incorporating “HUGO” or “BOSS”, securing favourable outcomes following substantive examination. The team actively pursues trademark cancellation actions against conflicting marks to protect the distinctiveness of the client’s brand portfolio.

The firm also advised an international fashion and lifestyle brand on complex contentious IP matters, deploying a multi-pronged strategy across administrative, civil and criminal enforcement avenues. This mandate included responding to provisional refusals issued against Madrid System applications, preparing a trademark cancellation claim before the Indonesian Commercial Court, and initiating a police report against an alleged local infringer.

The firm also handles IP prosecution and portfolio management for global brands and innovators, combining high-volume filing capabilities with strategic, cross-border portfolio oversight.

“In my experience, K&K Advocates distinguishes itself by acting as a true strategic legal partner rather than simply an external law firm,” says Artha Dewinur Hajjah, former legal manager at Vivo Mobile Indonesia in Jakarta.

Artha Dewinur Hajjah Updated

“What distinguishes K&K is that they do not merely provide legal interpretations or summarise applicable regulations. They invest significant effort in understanding the commercial context, operational realities and industry-specific challenges before formulating their advice.”

Law firm awards

BEST NEW LAW FIRM

  • CORRA LEGAL

Founded in June 2025, Jakarta-based Corra Legal focuses on corporate, energy, infrastructure, financing and regulatory matters. The firm was established by former GHP Law Firm partners Mohamad Kadri, Yohanes Masengi, Nur Eka Pradata and Dirgantara Adi.

In the past 12 months, Corra Legal handled several notable cross-border mandates, earning the firm the Best New Law Firm award. The firm advised a Japanese food conglomerate on the corporate restructuring of its Indonesian subsidiary. While the client’s identity remains confidential, the company operates restaurant chains, retail operations and related businesses across Asia.

Corra Legal also advised international clients on strategic acquisitions in Indonesia, including one of the world’s largest stationery companies based in China.

Sunny Shen, a partner at AnJie Broad Law Firm in Shanghai, supported Corra Legal to be the Best New Law Firm: “Corra Legal has consistently demonstrated strong expertise in handling complex cross-border legal matters, particularly in the areas of technology, digital business and commercial transactions in Indonesia,” says Shen.

Sunny Shen

“The team provides practical, business-oriented advice with a strong understanding of both local regulatory requirements and international business expectations.”

Other award highlights

Hiswara Bunjamin & Tandjung (HBT) served as Indonesian legal counsel to the sponsors, co-ordinators and underwriters on Merdeka Gold Resources’ secondary listing of Hong Kong depositary receipts on the Main Board of the Hong Kong Stock Exchange.

According to the firm, the transaction marked the first Hong Kong Exchanges and Clearing Limited (HKEX) dual listing by an Indonesian company, and the first dual listing by an Indonesian issuer in more than two decades. Led by partner Dandy Firmansyah, the advisory team earned HBT the Capital Markets award.

In October 2025, HBT also advised Schroders on the sale of its Indonesian investment business to Manulife Wealth & Asset Management, a transaction combining Schroders Indonesia’s more than IDR56 trillion in assets under management with Manulife’s IDR101.7 trillion. This inbound mandate earned the firm the Inbound Investment award.

Finally, HBT advised Mandiri Sekuritas and Bank Mandiri (Persero) on the sale of Mandiri Manajemen Investasi (MMI) to Danantara Asset Management as part of Danantara’s USD9.6 billion consolidation of four state-owned asset management businesses. MMI, one of Indonesia’s largest investment management companies, held USD4.4 billion in assets under management. This consolidation mandate earned the firm the Corporate & Commercial award.

In one of its key mandates, Nurjadin Sumono Mulyadi & Partners (NSMP) represented a multinational FMCG company in a large-scale industrial relations dispute arising from a restructuring programme that affected more than 300 employees in West Java.

This matter involved labour strikes, factory blockades, union negotiations, consultations with the Indonesian Ministry of Manpower, and litigation before the Bandung Industrial Relations Court. NSMP provided strategic counsel across bipartite negotiations, tripartite mediation and court proceedings, securing mutual settlements with more than 200 employees.

NSMP also served as external labour counsel to a multinational pharmaceutical company on matters involving misconduct terminations, performance plan disputes and employee reassignments, representing the client during negotiations and local manpower office mediations. These mandates earned the firm the Labour & Employment award.

“NSMP provides a broad range of legal services,” says Satyo Haryo Wibisono, general counsel at Bank Danamon Indonesia in Jakarta.

Satyo Haryo Wibisono

“The firm has a strong understanding of both legal theory and its practical application within the Indonesian industry context.”

Perdana & Rekan advised IDP Consulting Indonesia on its annual general meeting of shareholders, providing comprehensive legal counsel on corporate governance, statutory compliance and shareholder decision making under Indonesian law. This mandate supported the client’s governance framework and ongoing corporate operations, earning the firm the compliance and corporate governance award. Perdana & Rekan also won the litigation award.

Throughout 2025, the firm represented Caprefindo in more than 20 litigation matters before the Bekasi District Court concerning internal civil disputes between former directors and the company. The firm also acted for Caprefindo in a high-stakes breach of contract dispute involving an Indonesian government ministry, securing a settlement through negotiation that imposed no payment obligations on the client.

“I typically engage Perdana & Rekan for dispute resolution and litigation matters, including both civil litigation and criminal proceedings,” says Mark Ferdinan Panggabean, government official at the Ministry of Transportation in Jakarta.

“The team is professional, responsive and dependable, and they consistently handled every matter with care and attention to detail. I particularly appreciate their clear communication, timely updates and commitment to understanding the clients’ objectives before recommending the most appropriate course of action.”

UMBRA Strategic Legal Solutions (UMBRA) advised project company Indo ACWA Tenaga Saguling, and sponsors PLN Indonesia Power Renewables and ACWA Power, on the 60MW Saguling floating solar photovoltaic (PV) plant. This deal was ACWA Power’s first investment in Indonesia and its first floating solar PV project, as well as the first floating solar project in Indonesia financed under the Just Energy Transition Partnership framework.

The firm also advised PLN (Persero) on a power purchase agreement with Handa Energi Investasi Indonesia for a 300MW hydropower plant in Mahakam Ulu, which was among the largest renewable energy investments in Kalimantan. These deals earned the firm the Energy & Natural Resources award.

A senior in-house counsel at an energy company in Jakarta commends the firm’s energy practice. “UMBRA has value for money and the fee is very competitive,” says the client, who works closely with senior partner Liyanto Wijaya. “He’s calm, very helpful and has extensive commercial sense.

Anagata Law Firm has advised clients on important tax planning, controversy, customs and transactional matters in the past year. Notably, the firm successfully reduced a tax audit exposure by about 88%, lowering the correction amount from about IDR13 billion to IDR1.5 billion for a global pet food company through strategic advocacy and technical tax analysis.

The firm also reduced customs audit exposure by 52.2% for a multinational feed additive company by successfully challenging royalty-related findings, certificate of origin issues and penalty calculations. Additionally, its track record includes representing a multinational client in a customs criminal investigation, securing the closure of the case with no sanctions imposed despite significant regulatory scrutiny. These mandates earned the firm the Taxation award.

Sunil Tembe, head of legal services at Tetra Pak Indonesia, an Indonesian subsidiary of packaging solutions company Tetra Pak in Jakarta, praises the law firm.

“Anagata Law Firm is very professional. They have good knowledge about the local customs and other regulations, and respond promptly.”

In this year’s Indonesia Law Firm Awards, Areté is awarded as an environmental, social and governance (ESG) powerhouse.

The firm represented an impact private credit fund in a sustainable financing transaction for an Indonesian agriculture trader. This matter required legal support on the financing structure, transaction documentation, security and enforceability considerations, and Indonesian law issues relevant to a sustainability-driven financing arrangement.

The transaction was notable as it involved the deployment of private credit into an operating business connected to agriculture and food supply chains. It also required the financing to remain commercially robust, legally enforceable and bankable from an Indonesian law perspective.

In addition, the firm advised on a two-stage carbon project M&A and investment structuring transaction involving a project developer and an investor, valued at USD4 million. While modest in financial scale, this deal was notable for requiring Areté to structure the commercial and legal framework for both the developer’s sweat equity participation and the investor’s subsequent capital investment.

DeHeng ARKO is another law firm recognised for its exceptional ESG capabilities.

The firm advised an oil palm plantation company Gerbang Sawit Indah and Sinar Mas Plantation on a landmark palm oil mill effluent-to-renewable electricity project, transforming agricultural waste into green electricity through methane capture and biogas utilisation. Notably, this mandate involved drafting and negotiating the power purchase agreement, feedstock arrangements, ESG reporting provisions, and environmental compliance frameworks.

In addition, DeHeng ARKO advised foreign investors on a renewable energy investment involving a large-scale solar PV power plant and submarine electricity transmission cable project in Batam, in Indonesia’s Riau Islands province.This project required co-ordination with Indonesian electricity regulators, and extensive analysis of foreign investment, licensing and grid connection frameworks.

“DeHeng ARKO provides reliable and responsive legal services,” says Rony Setiawan, tax and commercial manager at industrial machinery company Endress+Hauser Indonesia in Jakarta.

Rony Setiawan

“The team is proactive in communication and demonstrates a good understanding of client needs, both from legal and business perspectives.”

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • HHP LAW FIRM

  • K&K ADVOCATES

  • CORRA LEGAL

  • ABNR COUNSELLORS AT LAW
  • DENTONS HPRP
  • NURJADIN SUMONO MULYADI & PARTNERS
  • TNB & PARTNERS

  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • GINTING & REKSODIPUTRO IN ASSOCIATION WITH A&O SHEARMAN
  • HHP LAW FIRM

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • PERDANA & REKAN
  • SSEK LAW FIRM

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • HHP LAW FIRM
  • UMBRA STRATEGIC LEGAL SOLUTIONS

  • ABNR COUNSELLORS AT LAW
  • AHRP LAW FIRM
  • ASSEGAF HAMZAH & PARTNERS
  • FKNK LAW FIRM

Law firm awards

ESG

  • ARETÉ
  • ASSEGAF HAMZAH & PARTNERS
  • DEHENG ARKO LAW OFFICES
  • UMBRA STRATEGIC LEGAL SOLUTIONS

  • ABNR COUNSELLORS AT LAW
  • DENTONS HPRP
  • HHP LAW FIRM
  • MAKARIM & TAIRA S

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • HHP LAW FIRM
  • SSEK LAW FIRM

  • ABNR COUNSELLORS AT LAW
  • DENTONS HPRP
  • OENTOENG SURIA & PARTNERS
  • SSEK LAW FIRM

  • ABNR COUNSELLORS AT LAW
  • GINTING & REKSODIPUTRO (IN ASSOCIATION WITH A&O SHEARMAN)
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ABNR COUNSELLORS AT LAW
  • HHP LAW FIRM
  • NURJADIN SUMONO MULYADI & PARTNERS
  • SSEK LAW FIRM

  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • HHP LAW FIRM
  • PERDANA & REKAN

  • ASSEGAF HAMZAH & PARTNERS
  • GINTING & REKSODIPUTRO IN ASSOCIATION WITH A&O SHEARMAN
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ABNR COUNSELLORS AT LAW
  • ASSEGAF HAMZAH & PARTNERS
  • GINTING & REKSODIPUTRO (IN ASSOCIATION WITH A&O SHEARMAN)
  • HHP LAW FIRM

  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • GINTING & REKSODIPUTRO (IN ASSOCIATION WITH A&O SHEARMAN)
  • HHP LAW FIRM

  • ASSEGAF HAMZAH & PARTNERS
  • DENTONS HPRP
  • HHP LAW FIRM
  • HISWARA BUNJAMIN & TANDJUNG

  • ABNR COUNSELLORS AT LAW
  • BUDIDJAJA INTERNATIONAL LAWYERS
  • DENTONS HPRP
  • SSEK LAW FIRM

  • ANAGATA LAW FIRM
  • ASSEGAF HAMZAH & PARTNERS
  • EY LAW INDONESIA
  • HHP LAW FIRM

Law firm awards

TMT


THE JUDGING PROCESS

THE JUDGING PROCESS

Winners of Asia Business Law Journal’s Indonesia Law Firm Awards 2026 were selected based on the votes, references and qualitative information received from in-house counsel and other legal professionals in Indonesia and around the world.

A voting form on our website invited thousands of in-house counsel, lawyers at international law firms and other Indonesia-focused professionals to vote. Indonesian law firms were asked to make submissions in support of their candidacy for the awards.

These submissions, combined with research by Asia Business Law Journal’s editorial team, played a supporting role in the judging process. All Indonesian law firms were automatically eligible for inclusion in the awards process. As always, there were no fees or any other requirements for awards entry.

RELATED ARTICLESMORE FROM AUTHOR

Indonesia Law Firm Awards 2025 V2
Features

Indonesia Law Firm Awards 2025

Asia Business Law Journal names the country’s top law firms

Indonesia Law Firm Awards 2024
Features

Indonesia Law Firm Awards 2024

Asia Business Law Journal names the country’s top law firms

Features

Indonesia Law Firm Awards 2021

Asia Business Law Journal presents the best law firm in Indonesia for 2020 and four winners each in 22 practice areas