Doing Business In... 2025

INDONESIA LAW AND PRACTICE Contributed by: Agus Ahadi Deradjat (Agung), Gustaaf Reerink, Adri Dharma, Karina Widyaputri and Ilma Sulistyani, ABNR Counsellors at Law

Adri Dharma is a partner at ABNR. He primarily focuses on corporate/M&A, foreign direct investment (FDI), pharmaceuticals and life sciences, FMCG and TMT. In FDI, Adri has advised international clients, including Fortune 500 multinational companies, across multiple sectors towards establishing a presence in Indonesia. In M&A, Adri has been involved in several notable projects, including the recent acquisition of a prominent construction steel manufacturing company by a consortium of Japanese and Thai investors, and the acquisition of a leading local distribution company by a major EU-based chemical and pharmaceutical distributor. Additionally, he has been involved in a variety of corporate restructurings, including merger, spin-off and asset acquisition/disposal transactions.

Ilma Sulistyani is a senior associate at ABNR. Her primary areas of focus are competition/ antitrust, foreign direct investments (FDI) and M&A. In competition/antitrust, she

regularly advises and represents clients in post-merger notifications to the Indonesian Competition Commission (KPPU) and provides strategic counsel on competition law compliance and agreements reviews. Her experience includes advising US-based global investment firms across multiple transactions and assisting South Korean-based corporations in a range of sectors with post- merger filings to the KPPU, advising numerous foreign investors in establishing and expanding their presence in Indonesia, and participating in various due diligence and transactional projects.

Karina Widyaputri is a senior associate at ABNR. She focuses her practice on foreign direct investment (FDI), corporate law, and M&A, with an emphasis on the pharmaceutical and life

sciences sectors. She advises domestic and international clients on investment structuring and joint ventures across industries. Karina also assists multinational clients with day-to- day governance and compliance matters, helping companies in the multi-level marketing, chemical, and manufacturing sectors manage their Indonesian operations in accordance with local legal requirements.

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