Ira A Eddymurthy

Practice Areas

Corporate law and mergers and acquisitions, banking and finance, including project finance, capital markets, insurance law, oil and gas law, tax law

Career

Ira A. Eddymurthy is a founding partner of SSEK and one of Indonesia’s most experienced and highly regarded lawyers. She has more than three decades of experience advising multinationals and domestic companies on Indonesia’s complex regulatory environment.

Chambers & Partners quotes clients praising Ira’s “sophisticated knowledge of Indonesian law” and “comprehensive knowledge and understanding of the commercial aims of clients.”

Ira is recognized by legal directories as one of Indonesia’s top banking, capital markets and M&A lawyers. She was named to IFLR Asia Best Lawyers 2022, which recognizes the top individual legal practitioners in the region, and was included in the 2022 IFLR1000 Women Leaders, a ranking of the most prominent women lawyers across the world. Ira has been included in the Asia Business Law Journal A-List of the Top 100 lawyers in Indonesia every year since the list was introduced in 2018. She was named to the Asian Legal Business 2021 list of Asia's Top 15 Women Lawyers.

Ira was a featured speaker at the 2017 US-Indonesia Women’s CEO Summit in Washington, DC, which brought together C-Suite women from Indonesia and the United States for a "series of lively, open, and uniquely personal conversations on how they did it, how they do it and how they are planning for the future."

Ira has been admitted to the Indonesian National Board of Arbitration (BANI) panel of arbitrators.

Professional Memberships

• Member of the Indonesian Advocates Association (Peradi) and leads the International Division of Peradi

• Licensed as an Indonesian capital markets legal consultant

• Panel of arbitrators at the Indonesian National Board of Arbitration (Badan Arbitrase Nasional Indonesia or BANI).

• International Bar Association

• Inter-Pacific Bar Association (IPBA) and represented the Indonesian jurisdiction of the IPBA from 2002-2008

Publications

• Law and Jurisdiction in Insurance and Reinsurance Contracts

• ESG in APAC: jurisdictional overview on ESG reporting, transition planning and greenwashing

• Primer on Directors’ Duties and Disclosure Obligations 2023

• Guide to Pharmaceutical Advertising in Indonesia

• Indonesia’s New Personal Data Protection Law and the Impact on M&A Transactions

• Doing Business in Indonesia

• Establishing a Business in Indonesia

• Insurance and Reinsurance in Indonesia

• The Comparative Guide on Cryptocurrency Legislations & Guidelines 2022

Work Highlights

• Advised PT Indosat Tbk on the establishment of a data center joint venture with Indosat subsidiary PT Aplikanusa Lintasarta and BDx Asia Data Center Holdings Pte. Ltd.

• Acted for several creditors in the US$9.8 billion debt restructuring of flag carrier Garuda Indonesia, one of the largest and most complex suspension of debt payment obligation (PKPU) proceedings in Indonesian history.

• Acted for PT Indo Kordsa Tbk, a leader in tire cord technology, in a merger with its subsidiary PT Indo Kordsa Polyester, in a transaction valued at about $41 million, as has been reported.

• Appointed by a group of leading Indonesian state-owned enterprises to assist the Ministry of State-Owned Enterprises in drafting, negotiating, revising and finalizing three omnibus ministerial regulations to simplify/replace provisions previously contained in 45 separate Minister of State-Owned Enterprises Regulations and regulate the SOE sector in Indonesia.

• Assisted Restaurant Brands Asia Limited, a listed Indian company that operates major F&B brands, as Indonesian counsel in the acquisition of a controlling stake in PT Sari Burger Indonesia, the franchisee of Burger King in Indonesia.

• Advised on the formation of the Indonesian Oil and Gas Holding SOE, a US$ 4 billion deal that resulted in the creation of Indonesia’s largest state-owned holding company.

• Represented Pertamina in negotiations with Indonesia’s Ministry of Finance over a strategic partnership for the development of Indonesia’s petrochemical industry.

• Acted for Pertamina International Shipping in connection with its energy transportation cooperation with a Japanese shipping company.

• Advised Exxon Natuna on regulatory issues pertaining to a multibillion-dollar oil and gas development.

• Acted for Gesit Companies, a diversified Indonesian conglomerate that operates in the property, trading and services, manufacturing and natural resources sectors, in a transaction with MEA Commercial Holdings, a leading Singapore holding company that focuses on real estate investments.

• Advised Malaysian investment holding company RII Holdings Sdn Bhd on its acquisition of a substantial equity interest in leading Indonesian logistics company PT Pandu Siwi Sentosa.

• Assisted a bidder, a multinational banking and financial services company headquartered in Singapore, with its contemplated acquisition of a controlling stake in one of Indonesia’s largest banks by assets.

Expert in these Jurisdictions

Indonesia

Languages Spoken

English – Full professional proficiency

Indonesian – Native/bilingual

Education

Awards