OSP named Indonesian Banking and Financial Services Law Firm of the Year

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    The award winning team is one of the "go-to" law firms for Indonesian major financial institutions having advised on a number of complex, high profile, landmark matters which requires both local law and international expertise. It has an unmatched track record advising Chinese lenders on an increasing number of Chinese outbound investments into Indonesia. The firm has recently advised on PT Pertamina Hulu Energi's US$2.5 billion financing, the largest corporate loan financing transaction in Indonesia at the time, and landmark loan restructuring transactions, among others, US$3 billion loan owed by PTPN Group and US$2 billion loan owed PT Waskita Karya (Persero) Tbk.

    Other firms shortlisted in this category include ABNR, HHP Law Firm (a member of Baker McKenzie), Dentons HPRP and HBT (in association with Herbert Smith Freehills).

    Partner Rizaldy Tauhid commented, "We are excited to be recognised as a leader in banking and finance in the Indonesian market, which is a great testament to the dedication and excellence of our team. Ashurst and OSP continue to operate at the forefront of the market and strive to be the leading advisor of choice providing the highest standard quality legal service to support the diverse needs of our clients across the region. I am thankful to ALB for this recognition and to our clients for their invaluable supports."

    Rizaldy is also named "Indonesia Rising Stars 2022" by Asian Legal Business and "50 up-and-coming Future Legal Leaders" by Asia Business Law Journal in 2022.