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Makarim & Taira S.

Frederick Bonar Simanjuntak

Frederick Bonar Simanjuntak

Partner

Expertise

  • Banking and Finance
  • Corporate and Commercial
  • Foreign Investment
  • Mergers and Acquisitions

WSG Practice Industries

Activity

Profile
Frederick is an innovative and result-driven corporate & finance lawyer with more than 15 years of experience ensuring the legality of commercial transactions. His speciality is banking and finance and he has represented a number of major corporations in syndicated lending and project finance. His major transactions include representing an independent power producer in the financing of a power plant project related to the development of a new ultra-supercritical coal-fired plant with a power generation capacity of approximately 2 x 1000MW in central Java (up to USD 4.1 billion loan facilities). He also represents several tech finance corporations, a few of which are start ups which have developed into unicorn companies and one of them is a giant worldwide corporation in the payment system business.

In aircraft financing, Frederick has been advising his Middle East client on the lease and sale back of 8 Boeing (737-800)-aircraft to a major Indonesian aircraft operator. Advising his banking clients on regulatory and compliance issues and various cross border transactions has given Frederick unique experience as a reliable banking and finance lawyer.

In M&A, Frederick has represented private equity clients in the acquisition of major cinemas in some countries in Asia and other clients in their acquisitions of certain wood pellet factories and palm oil and timber companies. Clients have praised Frederick as ’a very thoughtfull attorney in ensuring the legality of the transactions with due consideration of the commercial interests of his clients’. Frederick has also established himself as one of the Indonesian lawyers preferred by Korean clients.

Bar Admissions

Member, The Indonesian Advocates Association (PERADI)
Member, The Capital Market Legal Consultants Association (HKHPM)

Education

LL.M., Widener University School of Law, Wilmington, Delaware, USA, 2007
S.H., University of Padjadjaran, Bandung, Indonesia, 2004
Areas of Practice

Banking and Finance | Corporate and Commercial | Foreign Investment | Mergers and Acquisitions

Professional Career

Significant Accomplishments

Asia Legal Business
40 Under 40 Lawyer List (2020)

Professional Associations

Member of the Indonesian Advocates Association (PERADI) since 2010.


Seminars

Speaker at the Makarim & Taira S. ALB Investing In Indonesia Forum (Seminar) 2016, Beijing, China, June 2016


Professional Activities and Experience

Associate, Wiriadinata & Saleh Law Offices, 2005-2008
Junior Lawyer, Gani Djemat & Partners Law Firm, 2004-2005

Articles

Regulating the Growth of Electronic and Digital Banking Services
Makarim & Taira S., December 2020

With the rapid development of technology and the rise of new finance products and players in the fintech industry, banks are pushed to produce new products and innovative services in order to serve their customers and keep abreast of the behaviour of consumers who appreciate the convenience of digital services. In response to this, the Financial Services Authority (Otoritas Jasa Keuangan -- OJK) has issued OJK Regulation No. 12/POJK...

Aircraft Finance & Leasing in Indonesia
Makarim & Taira S., March 2020

The Indonesian aviation sector has grown rapidly over the past few years. Due to this, airlines and lessors have been capitalising on the general availability of diverse sources of funding. In particular, aircraft sale-leaseback or lease trans-actions are used more frequently due to competitive pricing and Indonesia has been trying to develop a legal framework to accommodate the financing and leasing of aircraft...

Bank Indonesia's National Payment Gateway Introduced
Makarim & Taira S., August 2018

The regulation on the national payment gateway has finally been issued. Bank Indonesia (“BI”), through its regulation No. 19/8/PBI/2017 (“PBI 19/8”) aims to establish national payment system interoperability by implementing switching interconnectivity. The following is a general overview of PBI 19/8...

Additional Articles

Author, “Aircraft Finance and Leasing in Indonesia”, Asian-mena Counsel In-House Community, 2020
Author, “Indonesian Government Relaxes Foreign Ownership Restrictions in Certain Business Sectors”, Asian Legal Business Magazine (Asia and China edition), 2016
Author, “Indonesian Government Relaxes Foreign Ownership Restrictions in Certain Business Sectors”, Hong Kong Lawyer, 2016
Author, “Acquisition of a Business in the Banking Sector in Indonesia”, Executiveview.com, 2010


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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