Ahmad Fikri Assegaf

Ahmad Fikri Assegaf

Fikri commenced his legal practice in Indonesia in 1992, and in 1994 graduated from Cornell Law School (Ithaca, New York), having earlier attended the University of Indonesia. With his extensive knowledge, incisive insights and practical hands-on approach, he is widely recognized as one of the country’s most talented and innovative lawyers in the banking and finance, M&A, corporate/debt restructuring, project finance and capital market arenas.

In banking and finance, Fikri has represented a long list of blue-chip domestic and international financial institutions and investment funds in arranging corporate financing, while in his capital-markets practice he has advised an array of prominent listed companies, as well as the Government of Indonesia, in both private placements and public offerings of securities.

In his M&A practice, Fikri has acted as counsel to buyers and sellers alike in major acquisitions involving public and private Indonesian companies operating across a wide range of sectors, including banking, petrochemicals, oil & gas, power generation, ICT, mining, and plantations.

During the height of the Asian economic crisis in 1998, besides representing creditors and borrowers in complex debt restructuring exercises, many of them ground-breaking in the Indonesian context, Fikri also extensively advised the Indonesian Bank Restructuring Agency (IBRA), which was established to nurse the country’s banking sector back to health. In this capacity, he advised IBRA on corporate-debt restructurings, takeovers and recapitalizations in the financial sector, global asset recovery measures, and the creation of Bank Mandiri out of the ruins of the devastated Indonesian banking sector (Mandiri is now the country's largest bank). He also played a significant role in the drafting of new national banking legislation to prevent a repeat of the financial crisis -- legislation that has more than proved its worth by insulating Indonesia from the worst effects of the 2008-2009 international financial meltdown.

More recently, Fikri has carved out a reputation for himself as one of the country’s foremost authorities on Islamic finance, having advised the Ministry of Finance in 2008 on the drafting of Indonesia’s first Islamic bond legislation. He subsequently represented the Ministry in the successful launch of the country’s debut international sovereign sukuk in August 2008.
He currently advises the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan), which, in addition to providing deposit insurance, is also tasked with restructuring or liquidating problematic banks.

A member of the Indonesian Bar Association (Peradi) and chairman of the Standards Committee of the Indonesian Association of Capital Market Legal Consultants, Fikri co-founded Assegaf Hamzah & Partners in 2001.

He has extensive experience of the banking, petrochemicals, oil & gas, power generation, ICT, mining, and plantation industries, to name but a few, and has recently earned a reputation as an authority on Islamic finance, having assisted the Government in 2008 with the drafting of the country’s first Islamic sovereign Sukuk bond legislation, and subsequently representing the Ministry of Finance in the successful launch of the country’s first international sovereign Sukuk in August 2008.

In the arbitration arena, Fikri plays an essential coordinating role at AHP, advising on dispute resolution strategies traversing all practice areas and whether it is in the client’s best interests to opt for arbitration or litigation.

Qualifications

  • LL.B., University of Indonesia (1992)
  • LL.M., Cornell Law School (1994)
  • Licensed to practice law as an advocate by the Indonesian Bar Association (PERADI)
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Memberships / Directorships

  • The Indonesian Association of Capital Market Legal Consultants
  • The chairman of the Peradi Legal Aid Center (Pusat Bantuan Hukum Peradi), a Peradi unit that coordinates mandatory pro bono work by advocates
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Publications

  • Public Companies and Negative List
  • Offshore Loan Reporting Obligation to Bank Indonesia
  • Accounting and Finance Principle Course
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Recognition, Accolades & Awards

  • Named “The deal maker of the year 2017” by Asian Legal Business
  • Named in Chambers Asia Pacific (2014-2018) as a ranked Lawyer in Corporate/M&A, Banking & Finance, Capital Markets and Projects & Engergy.
  • Listed in The International Who's Who Legal in Capital Markets: Debt & Equity and Banking: Finance (2014-2018)
  • Named “Market Leader” in Banking, Capital markets, Energy, oil & Gas, Infrastructure, M&A, and Project finance by the International Financial Law Review (2014-2018)
  • Recognized by Legal 500 (2014-2018.) as “Leading Individual” in Banking & Finance, , Capital Markets and Corporate/M&A; Also featured in Projects & Energy
  • Named “Leading Lawyer” by AsiaLaw Profiles (2014-2018) in Banking & Finance and Corporate/M&A
  • Named “Managing Partner of the Year” by Asian Legal Businessin its inaugural Indonesian Law Awards 2014.

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