Bono Daru Adji
Bono obtained his LL.M from Monash University, Melbourne, Australia, in 1995 and has been practicing law in Indonesia since 1997, focusing on foreign direct investment, mergers and acquisitions, and capital markets.
After a brief spell at another of Jakarta’s premier law firms, Bono joined AHP in 2002, where he quickly developed a reputation for being at the cutting edge of Indonesian commercial law.
In the banking and finance arena, Bono earned his spurs the hard way during the effort to bring order to the chaos that reigned following the virtual collapse of the Indonesian economy in the wake of the 1997/98 Asian financial crisis. Among the significant mandates he worked on at that time were advising Bank Danamon and the Indonesian Bank Restructuring Agency (IBRA) on the merging of 9 major domestic banks that were in danger of collapsing.
In his capital-markets practice, Bono has been intimately involved in a long list of high-profile public offerings, most recently those of PT Garuda Indonesia Tbk, PT Berau Coal Energy Tbk, PT Tower Bersama Infrastructure Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Elnusa Tbk and PT Bank Tabungan Pensiunan Nasional Tbk. He also played a leading role in bond issuances by PT Indosat Tbk and an Islamic bond issuance by PT Indosat Tbk.
In the M&A arena, Bono represented PT Recapital Advisors in its acquisition of a 90% stake in PT Berau Coal, Rabobank Netherlands in its acquisition of PT Bank Haga and PT Bank Hagakita (and the central bank’s related fit-and-proper test process), Telenor in its proposed acquisition of a major telecommunications company in Indonesia, PT Excelcomindo Pratama Tbk in its proposed disposal of telecommunications towers, and the Coca Cola Company in its acquisition of PT Ades Waters Indonesia. Meanwhile, in the debt restructuring field, Bono represented ING as financial adviser in an exchange offer for USD Notes issued by PT Davomas Abadi Tbk.
A member of the Indonesian Bar Association (Peradi), Indonesian Association of Capital Market Legal Consultants (HKHPM) and Aviation Law Society (Masyarakat Hukum Udara), Bono is recommended for capital markets and corporate / M&A by the 2011 edition of AsiaLaw Profiles, while Chambers Asia names him a “Leading Individual” and quotes a client lauding him as someone “who really knows his stuff on capital markets,” and another client referring to him as “a go-to person" in Corporate/M&A. Meanwhile, Legal500 commends Bono for his “excellent capital markets knowledge.”
