Eko Ahmad Ismail Basyuni

Eko is a highly respected partner leading Assegaf Hamzah & Partners’ (AHP) General Corporate and Mergers & Acquisitions (M&A) practice group. He joined AHP in early 2005, continuing a distinguished legal career that began in 1999.

Prior to joining AHP, Eko served as legal counsel at the Indonesian Bank Restructuring Agency (IBRA), where he played a key role during Indonesia’s financial recovery following the 1997/98 Asian financial crisis. His tenure at IBRA provided him with deep insights into the regulatory and operational complexities of the banking sector—insights that continue to inform his legal practice.

Eko’s expertise extends well beyond M&A. He is widely recognized for his work in capital markets, banking and finance, and foreign direct investment (FDI). He advises clients across a broad spectrum of industries, including mining and energy, ICT, plantations, banking, oil and gas, retail, broadcasting, telecommunications, and infrastructure.

He has acted in numerous high-profile transactions. Among them, Eko advised PT Multimedia Nusantara (a subsidiary of PT Telekomunikasi Indonesia Tbk) in its joint venture with eBay International AG to establish a consumer-to-consumer (C2C) online marketplace in Indonesia. He also represented PT Bank Mandiri Tbk in its proposed acquisition of a domestic shariah bank, and advised Malayan Banking Bhd (Maybank) on its indirect acquisition of PT Bank Internasional Indonesia Tbk.

Eko’s capital markets work includes advising PT Indosat Tbk on both conventional and shariah-compliant bond issuances, and representing PT Holcim Indonesia in a significant rights issue. He also guided a major Korean retailer through its proposed acquisition of one of Indonesia’s largest hypermarket chains.

Combining deep regulatory knowledge with practical transactional experience, Eko is known for delivering strategic and commercially sound legal solutions. His broad industry exposure and adept handling of cross-border transactions make him a trusted advisor to clients and a key contributor to AHP’s continued success.

• Assisting a local subsidiary of AICE group in Indonesia based on an annual retainer service basis since 2016. In addition, we are assisting the client on some legal disputes, including a labour dispute.
• Providing legal services to subsidiaries of Shanghai GM Wuling Co., Ltd. on an annual retainer service basis since 2016 (with a focus on contract review, intellectual property, employment and compliance).
• Assisted ANSTEEL Group Corporation with a joint venture project in Indonesia, including preparing the joint venture agreement, providing legal advisory on company governance, conducting legal due diligence and advising on construction issues.
• Represented PT Metamorfosis Ekosistem Indonesia and Wealthtrack Technology Limited on the acquisition of shares in PT Bank Jago Tbk. (previously PT Bank Artos Indonesia Tbk.). Following the acquisition, Bank Jago is transformed into a digital bank and the shareholders will initiate a rights issue process to further increase the capital of Bank Jago to become a BUKU II bank (banks whose core capital ownership is between IDR 1 trillion to IDR 5 trillion). Our roles include advised on the transaction structure, provided comprehensive regulatory analysis, assisting with negotiation, as well as obtaining approval for the acquisition from the Indonesian Financial Services Authority (“OJK”).
• Acted as the Lead counsel to a group of seven state-owned enterprises in its USD 127.8 million investment into PT Fintek Karya Nusantara, the operator of digital transaction platform LinkAja!, which is owned by the subsidiary of one of Indonesia’s largest state-owned telecommunications companies, Telkomsel. The group of SOE investors comprising: PT Danareksa Capital, PT Mandiri Capital Indonesia, PT BNI Sekuritas, PT BRI Ventura, PT Asuransi Jiwasraya (Persero), PT Telekomunikasi Seluler, PT Pertamina Retail, PT Jasa Marga Tollroad Operator, PT Kereta Cepat Indonesia and Taspen. This deal marked the first time that Indonesian SOEs invest directly into the launch of an e-money company. It involved an unprecedented level of synergy between the eight banking and insurance SOEs that were on board.
• Acted as the Indonesian counsel to ITOCHU Techno-Solutions Corporation (“ITOCHU”), a Japanese multinational IT services company, in its IDR 980 billion (USD 69.2 million) acquisition of 70% of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi. Our M&A, tax, employment, IP and competition law teams assisted in providing necessary advice on their respective expertise relating to the transaction structure and fulfilment of conditions precedent to accommodate the best interests of both the sellers and the buyer to ensure a successful consummation of the deal. After going through more than a year of implementing process, the transaction is successfully completed.
• Advised a multinational US-based investor, Johnson Controls International Plc, on its investment in PT Nipress Energi Otomotif, which was successfully completed using a complex two-stage investment process. This was also one of very few transactions to be finalised during the transition period between two investment regimes, following the introduction of the Online Single Submission (OSS) system in Indonesia.
• Represented Country Garden Holding Co. Ltd., China’s largest property developer company, in a number of property projects in Indonesia. Our scope of work included advising on the client’s joint venture, assisting on land acquisitions and providing general legal advice.
• Advised Xiaomi Inc., China’s electronics and software company, with respect to establishing its presence in Indonesia and advising on the distribution of its products, including smartphones, in Indonesia.
• Represented PT Bank Mandiri (Persero) Tbk., in a joint venture between the bank and BC Card of South Korea in respect of the establishment a new joint venture company to be the exclusive vehicle for the bank for provision of end-to-end acquiring services for customers in Indonesia.