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  • Welcome to LHP Law Corporation

    LHP Law Corporation as known as "Lie, Hutabarat & Partners" was founded in August 2003 and has grown into a corporate law firm in Indonesia which providing comprehensive services to a wide range of clients. The Office is located in Jakarta, has a branch office in Hong Kong and affiliate office in UK. LHP as a leading law firm in Jakarta has served many clients by providing the highest quality of legal services in the areas of Banking & Finance; Restructuring & Insolvency; Capital Markets; Infrastructure & Project Finance; Mergers & Acquisitions; Mining & Energy; Investment and Trade; Intellectual Property Rights; Civil, Commercial and Criminal Litigation.

    As part of the firm’s commitment to excellence, a common characteristic stands out: a focus on practical, cost-effective solutions to legal problems that add value and emphasize what works for our clients based on the highest professional standards.

    Our dedication to serving the legal needs of the clients is our supreme commitment. Our pragmatism, the aggressive use of technology and the dedication to client satisfaction distinguishes us from our peers in the legal community. We use innovative approaches to meeting our clients’ needs, including developing partnering relationships with our clients.


    LHP services to a wide range of clients in International community. Our vast experienced in handling many local and International clients from years of practices that has set our professional legal service a top level of quality. As we strive for excellent in alignment with our mission statements that it’s imperative to protect client’s businesses and interests. That is why we always try to understand your business circumstances, clearly before we start to work.

    We have the ability to combine the local knowledge and on-the-ground experience of resident professionals with the specialized expertise in handling various major and complex transactions. We are also able to assemble teams which are specifically formed in terms of size and practice specialty to assist clients across a broad range of industries. Our hard work in practicing law over the years have earned the firm recognition in the international legal community was dedicated in selected area of practices in the Cross Border Law Group and Martindale Hubbell.

    LHP Indonesian Lawyer Mission

    Our mission is to protect your businesses and interests. That is why we always try to understand your business circumstances, clearly before we start to work.

    Our vast experienced in handling many local and international clients from year to year has set our professional legal service standard at the top level of quality.

  • partners

    • SUHENDRA ASIDO Hutabarat


      He is holding Advocate license and member of Indonesian Advocate Association (PERADI) and also member of Indonesian Bar Association (IKADIN). He graduated from Law Faculty, Finance and Banking Management, Master of Management and Master of Law Degree. He has been practicing law for over 10 years and spent almost 4 years in Hong Kong to assist client in Hong Kong Court. His strong legal minds took him worldwide by giving legal opinion, affirmation, affidavit regarding to a number of cases in jurisdiction of Singapore, Hong Kong, India, Australia, New Zealand, Canada, USA & England Court (2003 – present).
      He has Receivers & Administrators License and member of Indonesian Receivers & Administrators Association (AKPI). He has been appointed many times by Commercial Court as Receiver in performing duty to manage and/or settlement the bankruptcy estate. He is also Certified Intellectual Property Consultant, member of the Indonesian Association of Capital Markets Legal Consultants (HKHPM) and Certified Mediator from Supreme Court.

      Areas of Practice:
      Commercial Law, General Corporate Law, Civil and Criminal litigation, Bankruptcy Law, Intellectual Property Law, Capital Market Law, Commercial law, Administrative Law, Labor Law, Family Law, Landlord, Mediation and Arbitration.



      She is an advocate, member of Indonesia Advocate Association (PERADI). She is founder and advisor of this firm, dedicating her life and knowledge in law which focused on Civil Law, Company Law and International Law. She graduated from Gadjah Mada University Law School and got master of law from University of Indonesia that makes her reliable so. She also graduated from IAI Taxation Courses. She has Receiver & Administrator License as a Member of IKAPI. Her capability in maintaining and solving the entire law problem sector is undoubtedly.

      Areas of Practice:
      Corporate Law, Business Law, Commercial Law, International Trade Law, Bankruptcy Law, Capital Market Law, Foreign Investment Law.

  • counsels



      His idea to support law and justice enforcement made him to be one of the founders of this firm. He graduated from North Sumatra University. He is expert in certain legal field as he has been working more than 34 (thirty-four) years as a Public Prosecutor. His experience as a Chief Public Prosecutor Region of East Jakarta, Chief Public Prosecutor region of Riau & Expert Staff of General Attorney (2004) will give a lot advantages for this firm.

      Areas of Practice:
      Criminal Law, State Administration Law and Civil Law.


      Heru W. Nugroho, BSE, S.H., LL.M

      He is a corporate lawyer with specializes in corporate finance, M&A and Capital Markets. He speaks fluent English and Bahasa Indonesia.
      He is highly experience in analyzing and dealing in preparation for Acquisitions, finance, capital markets transactions. He has a distinctive ability to overview of investment opportunity in mining projects, structuring of direct and indirect investment in mining projects.
      He obtained his Masters degree in International Business Law from Washington College of Law in Washington, DC, and he studied at University of Indonesia and graduated in Bachelor degree in Law after graduating in Civil Engineering degree in Pittsburgh, Pennsylvania. He also studied civil engineering at the Bandung Institute of Technology (ITB).
      He joined LHP after leaving his position as a partner at the Law offices of Jasper G. Harris, Jr. in Houston Texas. During his 6 year tenure at JGH of Houston, He has worked on numerous investment consulting, acquisitions and project finance. Armed with extensive experiences and close associates with different nationalities as well as strong knowledge of both local and western and business practices, he is highly knowledgeable to serve your business needs. He is an excellent negotiator and he is accustomed to working with international clients and is known to deliver legal expertise in a provident and efficient manner.

      Areas of Practice:
      Corporate Law; Banking & Finance specially in Mergers & Acquisitions and Project Finance; International Business Transactions; Foreign Investment; Capital Markets Transactions and Mining & Energy.



      His experience and knowledge in law and business sector gave a plenty of benefits to this firm. His specialization is in mining and construction law. Beside graduated from law school, He graduated from Engineer and Magisterial Management degree. He worked for almost 20 years in government institution before retired and continues to practice in law field.

      Areas of Practice:
      Mining and Construction Law, Commercial and Civil Litigation, Consumer Law, Arbitration, Mediation, Criminal Law, Administrative Law, Landlord, Real Estate, Investment Law.

  • Hariyadi, S.H.

      He is an experienced litigation practitioner. Additionally, he has a number of years of practice with a number of litigation firms in Jakarta. He has an extensive focus on litigation. He has argued cases before all levels of Court. He focuses his practice on litigation including civil litigation, criminal defense, landlord, state administration and commercial litigation.

      Areas of Practice:
      Criminal Law, Civil Law, Construction Law, Public Law, Arbitration, Mediation and Family Law.


      He regularly handles public case, civil law, criminal law and family case. He is gaining valuable trial experience and has appeared for clients before District Court, High Court, and Supreme Court.

      Areas of Practice:
      Public Law, Civil Law, Criminal Law, Family Law and Debt Recovery.



      Graduated from Trisakti University. Daniel is a member of Indonesian Advocate Association (PERADI). He is an experienced litigation practitioner. Additionally, he has a number of years of practice with a number of litigation firms in Jakarta. He has an extensive focus on litigation. He has argued cases before all levels of Court. He focuses his practice on litigation including civil litigation, criminal defense, landlord, state administration and commercial litigation.

      Areas of Practice:
      Civil Litigation, Criminal Defense, Landlord, State Administration and Commercial Litigation.



      Rocky Ricard Panjaitan graduated from Faculty of Law of Diponegoro University, majoring Business Law. During his time in college, he joined and actively involved in numerous organizations. He join LHP to take opportunity in developing his career. His practice focuses on General Corporate & Commercial Law, Debt Recovery, and Labor Law.

      Areas of Practice:
      General Corporate & Commercial Law, Debt Recovery, Labor Law, and Intellectual Property.

  • M.S. JUSAC, S.H.

      Marshall Saut Jusac

      Mr. Jusac holds advocate license to practice in Indonesian Courts. He has numerous Court experiences. He has been involved in a broad range of civil, commercial and criminal litigation matters, including class actions, insolvency and restructuring, consumer protection, competition law, advertising law, as well as matters relating to franchising and distribution.

      Areas of Practice:
      Civil Litigation, Commercial Law, Criminal Litigation, Business Law, Consumer Law, Bankruptcy Law.



      Regina Eva D.M, SH, joined LHP Law Corporation immediately after she get her Bachelor of Laws degree, majoring in civil and economic law, from the Diponegoro University. She chose LHP Law Corporation as her premiere career. Regina Eva is proficient in both English and Bahasa. In LHP Law Corporation, she has been involved in assisting the lawyers in various corporate and commercial law matters.

      During her time in law school, she involved in some seminars and organization such as legal research organization, student cooperation, business law society, Indonesian mining conference, et cetera. Beside that she also joining the 8th Indonesian Round Moot Court Competition for International Humanitarian Law held by ICRC and Indonesian Society of International Law. In addition, she has published some articles in Indonesian Journal of International Law.

      Areas of Practice:
      General Corporate and Comercial Law and Debt Recovery.

  • news


      Foreign Investment and Company Establishment in Indonesia

      Ever since Indonesia's independence, foreign companies have made major investments in Indonesia to develop its resources, build infrastructure, establish manufacturing facilities for export and/or provide products and services for the domestic market. The intricacies of setting up a company and making an investment in Indonesia are many.......Read More

  • Disclaimers

    Web Site Disclaimer

    All material included in our web site is for informational purposes only and may not reflect the most current legal developments, verdicts or settlements. The information should in no way be taken as an indication of future results. The material contained herein is not offered as legal or any other advice on any particular matter. The Law Office and the contributing authors expressly disclaim all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of the LHP Law Corporation home page. Transmission of this information is not intended to create and receipt does not constitute an attorney-client relationship between LHP Law Corporation and the user or browser. No client or other reader should act or refrain from acting on the basis of any matter contained in the LHP Law Corporation web site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue. LHP Law Corporation is not responsible for any third party contents which can be accessed through the web site. All material contained within this web site has been created by LHP Law Corporation and is maintained on a file server in Jakarta, Indonesia.

    E-mail Disclaimer

    If you have received an e-mail from LHP Law Corporation, the e-mail message and the information it contains, including any attachment, are intended solely for the named addressee(s), are confidential and may contain copyright and/or legally privileged information. No one else may read, print, store, copy, forward or act in reliance on it or its attachments. If you have received an e-mail message in error, please e-mail lhp@lhp.co.id . It is your responsibility to scan all e-mail transmissions and any files attached for computer viruses and other defects. An external service provider has been engaged by us to separate spam from legitimate messages. Hence, all e-mails sent to LHP Law Corporation will be intercepted, screened and filtered by the anti-spam filter provided by the service provider for this purpose and under the terms of this disclaimer you are deemed to agree to this. You are also deemed to acknowledge and accept that on occasion, legitimate messages are or may be inadvertently blocked by the anti-spam system and this may mean that we do not receive your e-mails or only receive them after a period of delay. You are cautioned that e-mail communication is not secure or reliable, may be intercepted by third parties, and may limit or void the attorney-client privilege.

    terms of use

    Copyright © 2014. LHP Law Corporation. All rights reserved.

    Reproduction of part or all of the contents in any form is prohibited other than for individual use only and may not be recopied and shared with a third party. The permission to recopy by an individual does not allow for incorporation of material or any part of it in any work or publication, whether in hard copy, electronic or any other form.

  • career with lhp law corporation

    We welcome application from qualified and motivated lawyers who interested in a career in law and have desire to join a fast growing Indonesian law firm and become a succesful indonesian lawyer.

    Please send your application and resume to:

  • Our Services

    LHP has grown into a corporate law firm in indonesia which providing comprehensive services to a wide range of clients. Our lawyers understand that knowing the law isn’t enough; we strive to know a client’s business, industry, and goals. LHP as one of leading law firm in Jakarta has served many clients by providing the highest quality legal services and offer broad experiences in the areas of legal practice include:

  • Banking & Finance

      LHP services to a wide range of clients in banks, finance providers, export credit agencies, corporate, and other participants in the global banking and finance arena.
      We advise thoroughly on banking and finance matters, acting for all parties, from multinational lenders to growth corporations. We also bring experience of the full range of debt and equity transactions in the global capital markets, including standalone debt issuances; Sukuk; Securitzations; convertible, exchangeable, taxable and tax-exempt bonds; and MTN.

  • Restructuring & Insolvency

      We have advised banks and borrowers on corporate debt restructuring, preparing and negotiating restructuring agreements and related documents, and advising on bankruptcy matters.
      We have extensive experiences in bankruptcy proceeding where the scope and depth of our legal practice enable us to commence the process of debt recovery with successfully to recover the rights of clients. As a trustee (Receivers and Administrators), LHP has duty to review your bankruptcy petition and verify the information and calculations using your financial documents and other independent sources. When you file bankruptcy you file a petition and other papers with the court disclosing your personal and financial information. Your bankruptcy papers include information about your debts, your property, your income, and the state of your financial affairs. Entering into bankruptcy does not eliminate a debt. The debt recovery however, ceases to be due and payable for the duration of the bankruptcy. If there is a bankruptcy notice in place, the lawyer may take bankruptcy proceedings against the debtor by filing a creditor’s Petition in the Commercial Court. This debt recovery should only be taken if, to repay the debt, the debtor has property or access to funds that can be used.

  • Capital Markets

      LHP has earned a solid reputation for providing the highest quality legal services in the area of capital market transactions. We have handled many equity capital market matters involving IPO, right issues, warrants issuances and strategic sales. We act as legal consultants to render service in IPO in subsequence to the issuance of new shares, old shares, red shoe shares and green shoe shares.

      LHP has successfully served to its niche-market in Indonesian equity capital markets. We have our eyes focused on the future to foresee the demand on issuance of fixed-income capital market. The Indonesian capital market undergoing changes to more diversify in investment instruments. Our dedication to serving the legal needs its our supreme commitment. We are able to assemble teams which the specialized expertise to involved in fixed income instruments for the issuance of a dual-currency publicly listed bond.

  • Mergers & Acquisitions.

      Our mergers and acquisitions practice encompasses essentially every form of corporate transactions, including mergers and acquisitions involving buy and sales of assets, buy and sales of securities, and change of control events such as tender offers and proxy contests. Transactions are both domestic and cross-border.

      LHP represents buyers, sellers, lenders and financial advisors. The strength in our merger and acquisition practice is the ability to bring a multi-disciplinary approach to these transactions by covering mining, energy, corporate, intellectual property, labor and financing expertise, not only at the due diligence stage, but also the agreement and closing stages of these transactions. We offer specialized expertise in regulated industries such as mining, energy and Healthcare only serves to expedite these transactions. In Mining; however, we have been involved in the acquisitions of several coal mining companies.
      LHP offers a range of services which result in a comprehensive and compelling reason for clients to use us in M&A and divestment situations, such as:

      Strategy Review
      Improve and realize shareholder value by evaluating, selecting and implementing best course of action that may include divestment of non-core assets and businesses, mergers and acquisitions or public listing.

      Financial Advisory
      LHP does not generally take on a principal advisor role for either buy-side or sell-side. Instead, we offer independent advice which can be relied upon as we do not have a vested stake in the outcome. This embodies our concept of transaction support, assisting clients to complete deals by lending our skills to their own and ensuring that deals get done, quickly, efficiently and that value is created in the process, not eroded.

      Intellectual Capital Audits
      LHP’s intellectual capital assessments highlight hidden potential in acquisition targets. Companies which can be shown to possess superior intellectual capital will generally enjoy much higher long term growth than their peers. An IC audit may be done by a vendor to showcase the true value of the business or by a buyer as a means of understanding the nature of the target.

      Due Diligence Services
      By combining the skills of our legal team, financial analysts, engineers and surveyors, LHP provides a range of due diligence services to assist both buyers and sellers in a transaction. We are focus on more forward-looking aspects of the business through business, commercial, operational and technical and legal due diligence. Such services are tailored to the specific circumstances of each transaction and the parties involved, e.g. an industry player would already have detailed industry knowledge and may not need assistance in this area, while a passive investor may be need more help in this area.

      Industry Research
      Our research teams are often called upon to prepare a snapshot of the industry in which a company operates in order to frame a potential transaction. This may extend to multiple market sectors and geographical areas or may be focused on a single sector or locale.

      Documentation & Modeling
      We work with vendors to prepare financial forecasts and models, often combining this with our other services to culminate in the preparation of an information memorandum or private offer document.

      Fairness & Independent Expert Opinions
      Our financial valuation team is often called upon to commence evaluations of the fairness of a transaction from the financial point of view and outline our findings either in internal reports or in reports to minority shareholders.

  • Infrastructure & Project Finance

      LHP offers extensive experience in the area of Project Finance. We have the ability to combine the local knowledge and on-the-ground experience of professionals with the specialized expertise of international project financial and technical management.

      We act as counsel to developers and lenders in all types of infrastructure development projects, including multi-million dollar private power plant, toll road, telecommunications and water supply projects, as well as natural gas pipeline and mining projects. We have the expertise and well managed by people who have the experiences as an independent body to evaluate, overseas project financial management and project technical management as Principal Lead Consultant. Our strategic planning is to implement a high value innovation by collaboration with reputable asset managers and strategic partners from Asia, in particular Export Credit Banks and Bankers. LHP has the knowledge, strength and capability to evaluate viable projects, recommend and approve funding, financial and advisory services to major clients who has viable project for long term investment.

      Area of specialization includes Infra-Structural Projects such as Power Plant, Toll Roads, Coal Mine, Construction work on Industrial parks, Harbor, Waterfront Facilities and Hospitality Projects for Hotels, Resorts, Villas and Service Apartments.

  • Mining & Energy

      LHP has served many Indonesian and multinational coal and general mining companies operating in Indonesia and assist them in all aspects of the exploration and exploitation of their mining areas. LHP project experience extends from structuring and due diligence to drafting and negotiating documentation and licensing, such as:

      Advising on obtaining mining rights under contracts of work and IUPs as well as permitting, licensing and environmental matters;

      Structuring, including tax structuring analysis and advice as well as assistance in establishing mining service companies;

      Preparing legal consultants’ reports required for stock exchange listings of mining concerns and public offerings of their stock;

      Negotiating and drafting bankable off-take agreements and supply agreement including supply contracts involving coal-fired power plant operators and other supply chain participants;

      Preparing financing agreements for mine development and construction and related Indonesian security interest; and

      Advising on the acquisition on land and surface rights and compliance with forestry regulations.

      We handle all corporate, environmental, labor, mining rights, tax, contract negotiation and dispute resolution matters for our mining, energy and other natural resources clients, as well as representing lenders in mine financing projects. We have long experience representing International and Indonesian clients in the mining sector, among others.

  • Investment and Trade

      We have earned a solid reputation for providing the highest professional legal services and offers extensive experience to potential foreign investments.
      The company has broad of experience and knowledge enables us to create high value for clients and business partners. Our strategic planning to implement high values based on trust and openness professional by collaboration with principal producers in Indonesia to gain strategic position as legal counsel for Coal and Minerals company. We also represent companies involved in Coal supply contract for independent power plants and cement plants in the South East Asia region.
      Through its persistent and on-going efforts, the LHP has been represented foreign clients on various legal issues on International Trade and foreign investments in Indonesia for such as business operation, compliance with prevailing rules and regulations as well as litigation.

  • Doing Business in Indonesia

      We offer specialized services and advices to individuals and foreign companies want to starting new business and to invest in Indonesia includes:

      Individuals and foreign companies looking for a new sponsor or wants to setup new business in Indonesia.

      Investment opportunity and business set-up and advisory services for our clients; Foreign Direct Investment (FDI) and provide a comprehensive legal services for Approval of FDI and Incorporation of Private Limited Company (PT) for foreign company.

      We provide research and legal consulting related to the Direct Investment matters, variety information concerning local business environment and all relevant permits and licenses, track current market issues, and among other related business matters.

      The group has the strength of highly experience staffs in which strategically Collaboration in associations with firm in Hong Kong has also brought a significant expansion in the company’s business. This close alliance with our partners resulted in a high level of standard and placed the LHP as an International Law Firm.

  • Intellectual Property Rights

      The Indonesian economy is undergoing one of the biggest changes that people from all of the world constantly interact with each other to do International Trade, making knowledge of Intellectual Property Right is critical and sound legal counsel is vital to this country’s continued position as a global player.
      As registered IP Attorney, our dedication and professionalism to serving the legal need is imperative to the IP protections. Indonesia adopted the principal of first to file. Thus, the first registrar possessed the exclusive right of the IP. The protection of IP rights is a conditio sine qua non to create legal certainty and to maintain international trade and industrial relation.
      Indonesia is in the midst of an economic groundswell that will change the workplace. We realized that IP protection becomes relevant issue due to lack of ability to recognize and to protect such a valuable property. As a result, high number of piracy, counterfeiting and infringement occurred everywhere in the market place. We have the experience and earned a solid reputation for providing the highest quality in the area of Intellectual Property Rights.
      The LHP will demand much of its staffs and IP Attorney rigorous attention to detail. Armed with extensive experiences as well as strong knowledge in IP practices, we are highly qualified to serve you IP matters. We handle patent cases such as filling, prosecution, grant, and the maintenance of granted patents as well as IP litigation. We also handle registration of marks, copyrights and industrial designs. Our service of IP practices include

      Patent - Patent Search, Patent Application, Request for substantive examination, Withdrawal or Abandonment, Record of changes and Annuity payment.

      Trademarks - Trademark Search, Trademark Application, Renewals, Opposition, Licensing, Record of Changes.

      Industrial Design - Industrial Design Search, Industrial Design Application, Licensing, Record of Changes.

      Copyright - Copyright Search, Copyright Application, Licensing, Record of Changes.
      Trade Secret
      Layout Design of Integrated Circuit
      IP Litigation

  • Family Law

      We specialize in all areas of family law, and provide advice on divorces, custody disputes, tracking of assets, division of matrimonial assets and other family legal matters. With discretion and dedication, our team is able to provide the best support and service when our clients need it most.
      Our team will work with you to find practical and effective solutions for different family issues. We strive to achieve the settlement that works for you and your family in a manner that keeps the emotional and financial costs to a minimum.

      Our Services:
      • Divorce and Separation
      • Disputes relating to children
      • Disputes over assets

  • Employment & Labor Law

      LHP's Employment and Labor Law Practice advises companies and individuals on all aspects of Indonesian employment law. In particular, this practice is experienced in handling disputes relating to employment contracts, wrongful dismissal, breaches of confidentiality, non-competition, non-solicitation and restraint of trade clauses and claims for interim injunctions and other remedies. Our capabilities in this area extend to all forms of dispute resolution, including litigation, arbitration and mediation.
      The practice is able to assist clients in drafting and advising on employment contracts and severance agreements/clauses. We also advise on termination of employment, retrenchment exercises, transfer of employment as well as matters involving trade unions, industrial relations and industrial disputes.

  • Litigation

      LHP adheres to strict ethical principles when representing clients before Indonesian courts and arbitration panels. Our litigators regularly represent clients as plaintiffs or defendants before Indonesian courts, and assist clients with settling disputes and with formulating litigation strategies.
      We have represented on numerous Indonesian and foreign corporation and individuals for Civil, Criminal and Commercial Litigation in a variety of corporate and commercial transactions.

      • Indonesian Bar Association (Peradi)
      • Pengadilan Negeri Throughout the Republic of Indonesia
      • Pengadilan Tinggi Throughout the Republic of Indonesia
      • Pengadilan Niaga Throughout the Republic of Indonesia
      • Registered in Indonesian Patent and Trademarks Office
      • Kurator – Trustee; Receivers and Administrators
      • Registered Legal Consultant for Capital Markets

  • List Of Clients

    LHP Law Corporation an Indonesian Lawyer office which offers a full range of quality legal and support services to our clients. Our professional yet personalized services to our clients have earned us their trust and confidence. Herewith our list of clients (companies only):

    1. China Glaze (Taiwan)

    2. P.T. Scuba World (British-Philippines-Indonesia)

    3. P.T. Promark Strategies Indonesia (Malaysia-Indonesia)

    4. West Bridge Consulting Inc (Canada)

    5. P.T. Maha Chemical Asia Pte Ltd (Singapore)

    6. PT. Geomin International (Australia-Indonesia)

    7. P.T. Parker van den Bergh (Australia)

    8. P.T Jawa Perdana Bicycle Industry (Japan–Indonesia)

    9. Videosonic AG (Switzerland)

    10. Venator Group Limited (British)

    11. Antwerp Trading Corporation NV (Belgium)

    12. SABA Group Projects PTY Ltd, (Brisbane-Queensland, Australia)

    13. Lab Centraal BV, Haarlem (The Netherlands)

    14. PT Bank Danamon Indonesia, Tbk

    15. PT Bank CIMB Niaga Tbk

    16. P.T. ICI PAINTS Indonesia

    17. P.T. Crown Porcelain

    18. P.T. PMA Formula One Indonesia (British–Indonesia)

    19. Triluxlenze Gmbh (Germany)

    20. Exind Trading P Ltd (India)

    21. P.T. PMA Toyo Kanetsu Indonesia (Japan - Indonesia)

    22. PEPABRI (Pension of Indonesian Armed and Service Officer Organization)

    23. Bag Electronics Gmbh (Germany)

    24. P.T. Defasindo Kreasi Prima

    25. P.T. Mandiri Niaga

    26. P.T. Caturmitra Makmur

    27. APACO Schumacher GmbH (Germany)

    28. WIKA Alexander Wiegand GmbH & Co (Germany)

    29. Advance Synergy Berhad (Malaysia)

    30. PT. Diwangkara Holiday Villa (Bali)

    31. VIG International Ltd (Hong Kong)

    32. VITA International Services (Hong Kong)

    33. VIG Indonesia

    34. PT. Halim Gesit Mandiri (HGM)

    35. Atreus Global Limited (England)

    36. Pishon Internasional Inc (USA)

    37. Universal Eisen Und Stahl Gmbh (Germany)

    38. Linkers (Far East) Pte Ltd (Singapore)

    39. PT. Dwimitra Karya Utama

    40. PT. Karya Indah Nuansa Abadi

    41. PT. PMA International Herbs Group (Switzerland - Indonesia)

    42. PT. Supreme Cable Manufacturing Corp (SUCACO)

    43. PT. Aneka Berkat Sukses

    44. Nanyang Commercial Bank Ltd (Hong Kong)

    45. Addeco S.A. (Switzerland)

    46. Deniere Tatsu F & B Holding (s) Pte Ltd (Singapore)

    47. PT. Templar International Consultants

    48. PT. Kalimas Transportation

    49. PT. Kabelindo Murni TBK

    50. Equity Holdings Private Limited (Singapore)

    51. Overseas-Chinese Banking Corporation Limited (Singapore)

    52. Ingellen Technology Co., Ltd (Hong Kong)

    53. PT. RMI Record

    54. PT. Asbindo Infocitra (Malaysia - Indonesia)

    55. PT. Tesko Indo Gemilang

    56. Appointed by Central Jakarta Court as Receiver of Gunawan Tjandra

    57. PT. Mulia Intipelangi

    58. PT. Mulia Glass

    59. PT. Mulia Industrindo Tbk

    60. PT Sinar Mas Agro Resources and Technology Tbk. (SMART)

    61. PT. Jasa Marga (Persero) Tbk

    62. Appointed by Makassar Commercial Court as Receiver of Hotel Quality

    63. Sassin International Electric Shanghai Co., Ltd (Shanghai)

    64. Appointed by Central Jakarta Court as Receiver of PT. Apuah Kutai Langgong

    65. PT. Asia Bandar Alam

    66. PT. Indopoly Swakarsa Industry, Tbk

    67. PT. Bank Rabobank International Indonesia

    68. Fremantle Media Ltd (UK)

    69. WestLB AG (European commercial bank)

    70. PT. Ikapharmindo Putramas

    71. K+S Kali Gmbh (Germany)

    72. PT. Supernova Flexible Packaging

    73. Synergy Tour Sdn Bhd (Malaysia)

    74. PT. EKO Green Indonesia (Korea)

    75. PT. Reksa Abadi Trilindo

    76. PT. Bina Insan Sukses Mandiri (India-Indonesia Mining Company)

    77. PT. Galena Surya Gemilang (Indonesia Mining Company)

    78. Guangzhou Nanyang Tumour Hospital

    79. CCC Machinery GmbH (German)

    80. Commerzbank (German)