IFLR Indonesia Forum - IFLR.com

IFLR Indonesia Forum
Negotiating the legal landscape
November 23, 2010 • The Fullerton Hotel, Singapore
Benefits of attending:
• Discuss new mining legislation in detail and how it will affect your practice
• Examine M&A pathways between Indonesia and other Asian countries
• Look at finding the right partner in Indonesia
• Consider alternative exchanges for Indonesian companies to list on
• Identify issues around bond structures, tax and treaties
• Explore private equity as a driver for investment activity
• Look at the evolving role of Islamic finance in Indonesia
• Assess the developing role of securitisation and structured finance
• Understand restrictions on foreign ownership
• Anticipate how rules on deforestation will impact on CPO and mining
• Hear how best to resolve disputes in transactions
• Contemplate recent regulations such as Law 24 and material transactions
CPD/CLE
6.5
HOURS
Sponsors
Media partners
To register or for more information:
Visit: www.iflr.com/Indonesia10 Call: + 852 2842 6995
Email: samantha.woo@euromoneyasia.com

IFLR Indonesia Forum
Negotiating the legal landscape
November 23, 2010 • The Fullerton Hotel, Singapore
Negotiating the Indonesian legal landscape has its challenges.
Regulations are often implemented with little market
consultation and material transactions regulations issued by
Bapepam (Indonesia’s securities regulator) affect international
bond offerings. The rule stating that any offering that is over
50% has to be approved by shareholders (who must have
several weeks notice of a meeting) is proving particularly
problematic.
More bad news for bonds present themselves in Bapepam’s
regulations on withholding tax, as tax treaties have been ruled
not to apply to special purpose vehicles (SPVs). Rules on tax
treaties around commercial activities have been altered by
Indonesia’s tax authorities, making it more difficult for
corporates to take advantage of such treaties.
Corruption in Indonesia is well documented, but the
government is working to eradicate this and the corruption
commission (KPK) is feared in the business and legal
communities.
Ensuring agreements are enforced remains a crucial issue and
drafting documents in Bahasa is a sensible option as courts
will only consider Indonesian language version of documents
in deals.
There is an increasing amount of foreign investor interest in
Indonesia. The domestic economy is of particular interest
across many sectors and, although foreign ownership
regulations remain restrictive, foreign investment opportunities
are presenting themselves.
In addition, equity capital markets are bouncing back. The
Indonesia Stock Exchange has recently said it expects 25 initial
public offerings (IPOs) by the end of 2010, in comparison to
four during the first six months of the year and just 13 overall in
2009. International debt offerings are relatively modest,
however, with low market confidence. High yield has felt risky
to investors and several planned offerings have been pulled or
postponed.
M&A deals are becoming more strategic and the pathway
between Indonesia and China is particularly interesting as is
inbound M&A into the country. Private equity deals such as
CVC/Matahari are creating a stir and acting as a driver for
investment.
Join IFLR to discuss these and other issues with industry
leaders and your peers at this one day forum. Reserve your
place today.
Who should attend
•Bankers’ counsel
•Corporate counsel
•Investment bankers
•Regulators
•Law firms
The hotel: The Fullerton Hotel Singapore
Address: 1 Fullerton Square Singapore 049178
To reserve a room call: +65 6733 8388
The Fullerton Hotel Singapore, one of the best hotels in Asia, opened in
2001. Boasting 400 rooms of pure luxury the hotel has won dozens over
noteworthy awards and is known for its high quality of service, beautiful
architecture and fantastic location.
The Fullerton Hotel was transformed from the historic Fullerton Building,
built in 1928. It is situated in the heart of the financial and arts district of
Singapore, with excellent views of the Singapore River and Marina
waterfront. Pamper yourself at the Asian Spa or lounge by the pool, taking
in the views of the city. The hotel boasts a state-of-the-art gym and retail
outlets on site. The business centre is open 24 hours a day and wifi is
available throughout the hotel.
The Fullerton Hotel is the choice of accommodation for business and
leisure travellers alike.

November 23, 2010
08.30 Registration
09.00 Chair’s introduction and opening
remarks
Tom Young, editor, IFLR
Theodoor Bakker, foreign counsel, Ali Budiardjo,
Nugroho, Reksodiputro
09.10 Keynote address
T. Mulya Lubis, senior partner, Lubis, Santosa &
Maulana
09.30 Debt capital markets: Current issues in
Indonesian high yield
• Best practice and Law No. 24 (the Indonesian
language law)
• How rules on material transactions are affecting
bonds – possible solutions
• Bond structuring and tax: which jurisdiction, which
treaty, which structure
• Lawsuits, enforcement and international
perceptions
• Can any security package really ‘work’
• The Trustee dilemma: A very practical enforcement
issue
Joel Hogarth, partner, O’Melveny & Myers
Ben Bowden, head of legal SEA and head of DCM
legal, Standard Chartered
Nick Graham, RSM AAJ Associates
Bono Daru Adji, partner, Assegaf Hamzah &
Partners
10.30 Coffee
11.00 Structuring M&A deals in Indonesia
• Inbound M&A in Indonesia
• M&A between China and Indonesia
• Foreign ownership restrictions
• Private equity as a driver for investment
• Structuring private equity investments in Indonesia
• Opportunities for leveraged buyouts e.g. Matahari
LBO
• Local versus international finance
• Finding the right local partner to work with
David Dawborn, partner, Herbert Smith; senior
international counsel, HBT
Rajiv Louis, managing director, UBS Head of
Investment Banking – Indonesia
Ray Headifen, tax partner,
PricewaterhouseCoopers Jakarta
12.00 Onshore business in Indonesia: equity
capital markets
• IPOs coming out of Indonesia
• Which exchange to list on – international
alternatives to Jakarta for Indonesian companies
• The evolving role of Bapepam
Michael Sturrock, partner, Latham & Watkins
13.00 Lunch
14.00 Doing business in Indonesia – is there
a viable dispute mechanism for
multinational corporates
• Is arbitration in Singapore the solution
• Is arbitration in Indonesia the answer
• Indonesia courts – getting better or worse
Rachel Foxton, head of business development,
SIAC (Singapore International Arbitration Centre)
Nicholas J Serwer, general counsel, PT Ancora
International
Maurice Burke, partner, litigation and arbitration,
Herbert Smith
T. Mulya Lubis, senior partner, Lubis, Santosa &
Maulana
15.00 Coffee
15.30 The new regime for power projects and
natural resources
• Participation requirements
• Indonesianisation Participation
• Implementing the new mining legislation
• Anticipated rules on deforestation and the impact
on CPO and mining
• Government backing for projects: operating
without guarantees
• Indonesian Infrastructure Guarantee Fund
• The local government role in issuing permits
Nathan Dodd, counsel, Linklaters
Hilton King, general counsel Indonesia, PT
Sampoerna Strategic
Deepa Pasumarty, managing director, global head
for power & utilities, Standard Chartered Bank
Daniel Poller, senior advisor, JP Morgan
Boy Gemino Kalauserang, head of legal,
Pamapersada Nusantara Group
16.30 Financing: structured finance and
leveraged / acquisition finance
• Most common structures and issues
• Pre-IPO financings
• Security issues/challenges
• Non-recourse lending
David Zemans, managing partner, Milbank
Tweed Hadley and McCloy
James Wood, director, Legal and Compliance
Department, Credit Suisse
Duncan Black, executive director, UBS Fixed
Income Structuring
Oene J. Marseille, foreign counsel, Ali Budiardjo,
Nugroho, Reksodiputro
Enoch Tan, director and Asia head of private
finance, Rothschild
17.30 Close of conference
To register or for more information:
Visit: www.iflr.com/Indonesia10 Call: + 852 2842 6995
Email: samantha.woo@euromoneyasia.com

I would like to register for IFLR’s
IFLR Indonesia Forum
Negotiating the legal landscape
November 23, 2010 • The Fullerton Hotel, Singapore
1|Register (Please tick one box):
Booking fee Private practice / Bankers’ and corporate
professional services counsel / investment banks
Standard rate $550 FREE
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Email:
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euromoneyasia.com
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Legal Media Group
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Wanchai
Hong Kong
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