Kuntum Apriella Irdam SH, LL.M

Partner

MAJOR AREAS OF PRACTICE

Merger and Acquisition, Investment, Financial Services, General Corporate Matters

QUALIFICATIONS
  • Sarjana Hukum – Faculty of Law, University of Indonesia (Jakarta), 1999
  • LL.M – School of Law, Erasmus Universiteit (Rotterdam), 2004
  • Member of the Association of Indonesian Advocates (PERADI – Perhimpunan Advokat Indonesia)
BRIEF BIOGRAPHY

Kuntum Apriella Irdam or Ella Irdamis or Ella has practiced since 1999. Prior to establishing SIAHAAN IRDAMIS ANDARUMI & REKAN, she previously was an associate at Bahar, Tjajo & Partners and a Junior Partner in Melli Darsa & Co from April 2010 until December 2014.

Ella has extensive experience advising on and executing complex local and cross-border merger and acquisition transactions, representing foreign and local private entities, private equity, financial institutions, individuals and publicly listed companies. Ella has been involved in a number of high profile acquisitions in the financial services sector such as banks, insurance, securities and multi finance companies. She is also well known for her in-depth knowledge of the regulations in the financial services industry.

Ella has advised many blue chip publicly listed companies, including several Indonesian state- owned companies in their day to day corporate matter, corporate governance and operational issues.

Currently, Ella is also serving as a guest lecturer at STH Indonesia Jentera.

Major Transaction in SIAR

  • Acting as retainer legal consultant to PT Bukalapak.com Tbk. (2022, on-going).
  • Represented Bosowa Grup in its proposed divestment of its subsidiary (2022, on-going).
  • Represented SKHA Consulting in its daily business contracts (2022, on-going).
  • Represented PT Sigma Cipta Caraka in its proposed cooperation with an offshore entity in relation to the procurement of E-Channel Platform (2022, on-going).
  • Represented Bukalapak Group in the acquisition of PT Wahana Abadi Sukses Makmur Perkasa (January 2022).
  • Represented PT Pyridam Farma Tbk. in the acquisition of PT Holi Pharma (2021).
  • Represented BDFK Limited and PT Bank QNB Indonesia Tbk. in the sale of NPL assets to AIIH Limited (2021).
  • Acting as retainer legal consultant to Bukalapak (2021).
  • Represented Bukalapak Group in the acquisition of PT Kokatto Teknologi Global (2021).
  • Represented Bukalapak Group in the acquisition of PT Berkat Emaku Indonesia (2021).
  • Represented Bukalapak Group in the acquisition of PT Belajar Tumbuh Berbagi (2021).
  • Represented Bukalapak Group in the purchase of minority stake in PT Cloud Hosting Indonesia (2021).
  • Represented Bukalapak Group in the acquisition of PT Ayo Techno idea (2021).
  • Represented Bukalapak Group in the acquisition of PT Onstock Solusi Indonesia (2021).
  • Represented Bukalapak in the acquisition of Five Jack Co. Ltd and the related KPPU reporting process (2021).
  • Represented MD Pictures Group in its internal group restructuring (2021).
  • Represented PT Pyridam Farma Tbk. in the purchase of minority stake in 4 companies within Fullerton Group (2021).
  • Represented SKHA Consulting in its daily business contracts (2021).
  • Acting as legal counsel of a State Owned Enterpise (“SOE”) and its subsidiary, both having business activity in agricultural sector in its proposed optimalization of state receivables obtained from RDI and SLA (2020).
  • Acting as legal counsel of an SOE, having business activity in fishery sector in its proposed optimalization of state receivables obtained from RDI and SLA (2020).
  • Represented PT Bank QNB Indonesia Tbk. in the settlement of NPL Stage IV (2020).
  • Acting as retainer legal consultant to Bukalapak (2020).
  • Represented an SOE’s subsidiary in sharia banking sector in its proposed acquisition of pension loan (2020, terminated).
  • Acting as the legal counsel as part of PT Danareksa Capital consortium in representing PT Fintek Karya Nusantara in its acquisition of PT Igrow, a P2P lending company (2020).
  • Representing PT Sigma Cipta Caraka, having business activity in digital telecommunication services in its proposed internal restructuring by way of merger with its subsidiaries (2020).
  • Represented BP Tapera in the review process of standard form of cooperation agreement with distribution bank (2020).
  • Represented PZ Cussons in the review process of agreement with a marketplace company (2020).
  • Represented an SOE’s subsidiary in logistic sector in providing legal advice on its proposed assets divestment (2020).
  • Represented PT PLN Batubara Investasi in its investment cooperation on the road development by one of its subsidiaries (2020).
  • Represented PT Mitra Pinasthika Mustika Tbk. in its internal shareholding restructuring in its subsidiary in insurance sector (2020).
  • Represented PT Paraga Artamida in providing legal advice on proposed land purchase as required by SGX (2020).
  • Represented PT MHealthbank in the preparation of terms and conditions for privacy policy and platform terms of use (2020).
  • Represented an individual client in its proposed investment in a logistic company (2020).
  • Acting as retainer legal counsel of PT Pintar Data Group (Prixa) (2020).
  • Represented SKHA Consulting in their daily business contracts (2020).
  • Represented PT Bosowa Corporindo in its proposed divestment of its several subsidiaries (2019).
  • Represented SKHA Consulting in its business contracts matters (2019).
  • Representing a subsidary of a public listed State-Owned Enterprise in plantation sector in its group restructuring and debt restructuring (2019).
  • Representing PT PLN Batubara in providing legal advice on day to day corporate legal issues (2019).
  • Representing PT PLN Batubara Investasi in providing legal advice on day to day corporate legal issues (2019).
  • Represented mHealthBank Pte. Ltd. and Dr. Josephat Suwanta Sinarya in their joint venture and the establishment of an Indonesian company named PT mHealthBank Rising Care (2019).
  • Represented Hong Leong Financial Group Bhd and Texas Pacific Group in the regional acquisition of Columbia Asia hospitals in South East Asia (specific for Columbia Asia hospitals in Indonesia) (2019).
  • Represented PT Duta Pertiwi Tbk. in its joint venture with PT Diamond Development Indonesia, a subsidiary of Mitsubishi Corporation to establish a joint venture company having business activity in property sector to develop project in Fatmawati, Jakarta area (2019).
  • Represented Torrecid Sociedad Anonima in its debt to equity conversion in its Indonesian subsidiary, PT Torrecid Indonesia (2019).
  • Represented a subsidiary of an Indonesian an SOE in telecommunication sector in its proposed purchase of vessel (2019, terminated).
  • Represented Circles Group Singapore in its various issues related to its business in Indonesia (2019).
  • Represented Circles Group Singapore in the establishment of its Indonesian subsidiary named PT Circles Asia Teknologi (2019).
  • Advised PT Bank QNB Indonesia Tbk. in its various issues related to its business activities (2019).
  • Represented PT PLN Batubara Indonesia in providing investment loan to one of its subsidiary (2019).
  • Represented PT Phapros Tbk. in its corporate matters, including distributorship arrangement, good corporate governance, EGMS and amendment of articles of association (2019).
  • Represented the shareholders of PT Nipress Tbk. in the pledge of shares arrangement with its investor (2019).
  • Represented PT PLN Batubara in a proposed acquisition of coal mining company in Sumatera (2019, terminated).
  • Advised PT Krakatau Bandar Samudera in issues related to its Concession Agreement (2019).
  • Advised PT Bosowa Corporindo in its shareholders agreement with a foreign investor (2019).
  • Represented PT Bank QNB Indonesia Tbk. in its Stage IV Non-Performing Loans settlement (2019).
  • Represented PT Adiwisista Finansial Teknologi in its daily corporate and business contract matters (2019).
  • Represented PT Adiwisista Finansial Teknologi in its convertible bond issuance to several investors (2019).
  • Advised Asia Pacific Resources International Holdings Ltd. in change of domicile issues (2019).
  • Represented PT Semen Indonesia (Persero) Tbk. in its joint venture with PT Priatman to develop a mortar cement factory (2019).
  • Represented PT PLN Batubara in the acquisition of three subsidiaries of Atlas Group, namely PT Banyan Koalindo
  • Lestari, a coal mining company; (ii) PT Musi Mitra Jaya, a road hauling company; dan (iii) PT Sriwijaya Bara Logistik, a port company (2019).
  • Representing PT Pelabuhan Indonesia Investasi in the shares purchase of two port services companies (2018).
  • Representing a State-Owned Enterprise in cement sector in its proposed divestment of an offshore subsidiary (2018, terminated).
  • Representing an investment consultancy company in its contract review process with its clients (2018,).
  • Representing a publicly listed private bank in its proposed settlement of its foreclosed assets (2018).
  • Representing PT Bank QNB Indonesia Tbk. in providing legal advice on its day-to-day corporate and banking legal issues (2018).
  • Represented PT Semen Indonesia Beton in the review process of its financing term sheet with a local bank (2018).
  • Represented PT Bank QNB Indonesia Tbk. in its Non-Performing Loans settlement: Stage II and Stage III (2018).
  • Represented PT Bank QNB Indonesia Tbk. in the standardization process of its loan security documents (2018).
  • Represented PT Shield on Service Tbk. in its pre-IPO group restructuring (2018).
  • Represented PT Pembangunan Jaya Ancol Tbk. in its proposed cooperation in ICT withPT Inti Bangun Sejahtera at Ancol Area (2018).
  • Represented a subsidiary of an SOE having business activity in oil sector in the proposed restructuring of shorebase assets ownership (2018, terminated).
  • Represented PT Telekomunikasi Indonesia (Persero) Tbk. in the acquisition of PT Swadharma Sarana Informatika, a company having business activity in fund transfer and ATM maintencane (2018).
  • Represented PT Satria Bahana Sarana, a subsidiary of PT Bukit Asam, in a proposed acquisition of a mining company (2018).
  • Represented a public listed SOE in property sector in LRT development cooperation with PT Kereta Api Indonesia (Persero) (2018, terminated).
  • Represented PT Adhi Karya (Persero) Tbk. in its proposed spin-off of hotel and LRT division (2018).
  • Represented a subsidary of an SOE in maritime sector in the proposed acquisition of a company in transportation sector (2018, terminated).
  • Providing advice to a subsidary of an SOE in port sector in the proposed expnasion of business in utility sector (2018).
  • Represented owner of PT Sinaraya Bersaudara as the owner of Rumah Sakit Sumber Waras Cirebon in the proposed divestment of part of its shares in the company (2017).
  • Represented PT Bank QNB Indonesia Tbk. in their NPL settlement process: Stage I (2017).
  • Represented PT Phapros Tbk in the proposed acquisition of a pharmacy company in Central Java (2017, terminated).
  • Represented a listed Indonesian state-owned company in property sector in its proposed spin-off transaction (2017).
  • Represented a subsidiary of Pupuk Indonesia Group in its proposed acquisition of a plantation company (2017, temrinated).
  • Represented PT Pembangunan Jaya Ancol Tbk. in its proposed joint operation with PT Crown Indonesia (2017).
  • Advised PT Pembangunan Jaya Ancol Tbk. in its corporate matters (2017).
  • Advised PT Phapros Tbk. in its corporate matters (2017).
  • Represented PT Perintis Triniti Propeti in a proposed joint venture with a land owner in Batam (2017).
  • Represented a subsidiary of an Indonesian state owned company in the proposed acquisition of a private fashion power house company (2017, terminated).
  • Represented Bosowa Group in their proposed cooperation with Pemkot Cilegon in the development of port (2017, terminated).
  • Represented PT Brodo Ganesha Indonesia in its proposed cooperation with foreign investor (2017).
  • Represented PT Semen Indonesia (Persero) Tbk. in its various corporate and general matters (2017).
  • Represented PT Phapros Tbk in its proposed acquisition of a pharmacy company in Jakarta (2017, terminated).
  • Represented PT Bank QNB Indonesia Tbk. in its proposed settlement of AYDA (2017,
  • Represented Telkom Group in its cooperation with the Indonesian state-owned banks (2017).
  • Represented Bosowa Group in the proposed acquisition of a mining company and infrastructure company (2016).
  • Represented PT Bumi Serpong Damai Tbk in its joint venture with Mitsubishi Corporation related to property sector (2016).
  • Represented PT Semen Indonesia (Persero) Tbk. in the corporate restructuring of its subsidiary (2016).
  • Represented Georg Fischer Piping Systems Ltd. in acquiring an Indonesian pipe manufacturing company (2016).
  • Represented an Indonesian state owned listed company in mining sector in its various acquisitions transactions (2016).
  • Represented an Indonesian private holding company in the issuance of mandatory exchangeable bond in relation to the cooperation in distributorship company (2016).
  • Represented PT Bosowa Corporindo in its general corporate matters (2016).
  • Advised Sinotech Indonesia in its internal corporate issues (2016).
  • Represented a state-owned holding company in plantation business in its group and restructuring (April 2016).
  • Represented a state-owned company in plantation business in its debt restructuring (March 2016).
  • Represented PT Mitra Pinasthika Mustika Tbk. in its general corporate matters (until March 2016).
  • Represented PT Asia Quattro Net in its legal dispute with its German partner (February 2016).
  • Represented PT Bank QNB Indonesia Tbk. in its general corporate matters (2016).
  • Represented a subsidiary of PT Mitra Pinasthika Mustika Tbk. in its proposed joint venture with a company having business activity in courier services (2016).
  • Advised a Japanese company in the proposed indirect acquisition of two local Indonesian companies (2016, terminated).
  • Represented PT Multimedia Nusantara in the shares acquisition of PT Sarana Usaha Sejahtera Insanpalapa (2015).
  • Advised a Japanese company in the proposed indirect acquisition of two local Indonesian companies (2015).
  • Represented PT Bosowa Corporindo in shares sale and purchase transaction in PT Semen Bosowa Indonesia (2015).
  • Represented Qatar National Bank SAQ, as the controlling shareholder of an Indonesian publicly listed bank PT Bank QNB Indonesia Tbk. in conducting its subordinated debt plan to be considered as Supplementary Capital (2015).
  • Represented PT Putra Mustika Prima, a subsidiary of PT Mitra Pinasthika Mustika Tbk., in its distribution cooperation with PT Daytona Azia, a subsidiary of Daytona Japan (2015).
  • Represented PT Mitra Pinasthika Mustika Tbk. in the shares sale and purchase transaction in PT Mitra Pinasthika Mustika Insurance (2015).
  • Advised Qatar National Bank SAQ in the sponsorship agreement for the ISL League (2015).
  • Advised Indonesian publicly listed bank with respect to its plan to cooperate in e- commerce transactions (2015).
  • Advised a foreign bank with respect to the merger and acquisition of two Indonesian publicly listed banks (2015).