A n wa r t u m b e l a k a & C o

COMPANY PROFILE

Company Profile
CONTENT

• Vision & MIssion

• about us

• our services

• Walking through the spirit of the regulation

• our team

• contact us
VALUES

Always Put INTEGRITY First

To The Maximum Preserve

PROFESSIONALISM

Committed To Render
QUALIFIED Services
with
High Standard of Diligent
 Vision
Our vision is to become a prominent Indonesian
law firm with the objective serving the nation
during this era of regionalization and globalization,
with emphasize to serve the financial community in
Indonesia by providing qualified legal services with
a valuable impact to the betterment of Indonesian
Legal System

Mission
Our mission is to establish a law firm based on integrity
and professionalism, supported by qualified lawyers in
banking and finance committed to serve our clients and the
community.

We start our law firm with a small team, however we have

a strong passion to grow big based on the trust we earn
through serving our clients and the community.

We are committed to support our clients based on their needs

to achieve their business deals to maximize their goals with
an effective and efficiency manner.
ABOUT US
It all begins with an idealism to have a better legal environment, whereby
a legal case is rated by merit and not by negotiating the litigation cost.
We understand that Indonesian law is complex, especially when we come
across a litigation case whereby we often experience instances where there
are many uncertainties in law enforcement. The situation as is have inspired
us to do more for the society by rendering assistance for the betterment of
legal practices in Indonesia, especially amongst the financial community.

As legal practitioners in banking industry, we, Partners and Associates of

Anwar Tumbelaka & Co have encountered many legal matters and legal
affairs during our long service years working in the bank, starting from
problem solving for basic legal matters, developing legal policies, handling
Non Performing Loan (NPL) or fraud cases, to as far and wide as the
structuring and restructuring of a complicated project finance transactions,
merger and acquisitions, and many others.

As bankers, we understand general Risk Management and also Legal Risk

Management within a bank better then any other legal professionals, given
for our long-standing careers that we have spent, living within the banking
operations.

Our partnership, Dewi Anwar and Lydia Wulan Tumbelaka, started way
back when we both worked together in the same bank years ago. We both
believe that our 30 and 27 years of experience in the banking industry
should be capitalized to bring diligent legal services for banks, financial
companies and other financial community members in Indonesia.

Based on above idealism and circumstances, in April 2016, we decided to

establish this partnership and committed to run a law firm together under
the name of Anwar Tumbelaka & Co (“ATC”).

We, ATC believe that financial industry, especially banking industry needs
qualified lawyers that they can rely on to handle and settle their legal
matters and disputes within a systematic, effective and efficient manner,
as to enable their management to focus more on the development of their
business, rather than be bothered by all the complications caused or arise
in handling the extensive legal matters.

We, ATC offer professional, qualified and reliable legal services with
competitive legal fees.
SUMMARY OF SERVICES

Banking & Finance

INSURANCE

Debt & Corporate Restructuring

Mergers & Acquisitions

Regulatory & Compliance

Good Corporate Governance

Islamic Finance
 “The Choice

between law and justice

is an easy one

for courageous minds.”

- Rebecca West -
Banking & FinanCE

Indonesia’s financial services are growing and continue to

perform well despite the Global Financial Condition. We
foresee that domestic financial sector shall have ample
opportunities to grow since the relatively small penetrations
of financial sectors in Indonesia’s economy comparing to
several other ASEAN Country.

We offer legal services in the Indonesian banking & finance

sector as legal adviser to domestic and foreign banks and
other financial institutions in all aspects of banking and
finance.

We render advises on structured financing transactions, from

simple secured or unsecured bilateral lending to multifaceted
and complex credit facilities. We also handle syndicated,
club deals, project finance, property finance, acquisition
financing, securitization and structured financing

We shall assist you in reviewing or preparing banking and

finance documentations and agreements and ensuring
statutory and regulatory compliance.

InSURANCE
We also have expertise in rendering legal services for insurance
business. We can act as legal adviser to insurance company
as well as insurance broker company in all aspects within
the Insurance Industry.

We assist in structuring insurance policy, review agency

agreements, third party agreements, review Standard Operating
Procedures, including providing classes on various insurance
topics, both for life insurance as well as general insurance.
.
 Merger & Acquisitions
We offer legal services in the merger, demergers, buyouts and
acquisition transactions by rendering advises on the transaction
structure, structuring on shareholder movement and alteration,
management and succession, and formation of new entities by
conducting legal due diligence on the transactions as well as all
the relevant entities involved.

We shall assist you in the preparation of the sale and purchase

documents, agreements and other related agreements, preparation
of the necessary internal corporate documents and approvals,
and completion of regulatory filings.

DEBT & CORPORATE RESTRUCTURING

In a growing financial market, debt or corporate restructuring

is inevitable. The market ups and down has caused the
need for banks and companies to repositioned their financial
situation due to the market fluctuation and due to ensuring
sustainability.

We offer legal services in the debt and corporate restructuring

arena, including advices on capital reduction, recapitalization
and rescue schemes, loan take over and compromise
schemes.

We shall assist you in reviewing or preparing documentations

and agreements in this sector and ensuring statutory and
regulatory compliance.
 islamic finance

We understand Islamic finance, and as bankers, we have

been in the vanguard of the sector’s rapid expansion and
development in Indonesia. With an in-depth understanding of
the religious and conventional legal principles that underpin
the Shariah sector, we believe we are in well positioned to
offer advices on how to conduct transaction in a Shariah-
compliant manner, and to provide the kind of end-to-end
solutions that you need.

We shall assist you in reviewing or preparing documentations

and agreements in this sector and ensuring statutory and
regulatory compliance, including Shariah-compliant.

REGULATORY & COMPLIANCE

Regulatory & Compliance has increasingly becoming a very
important matter, especially in financial industry. Compliance
has moved up to the corporate boardroom agenda.

We render advises to the management of your corporation,

the in house counsel, as well as the compliance and HR
Officers in developing a compliance policy framework,
embedded therein the effective legal risk management
processes covering a wide range of areas, from anti
money laundering employee protection to data protection
and privacy.

We shall assist you in reviewing or preparing such compliance

and legal policies and ensuring statutory and regulatory
compliance, as well as trainings to the management and or
the people in your corporation on compliance awareness.
Good Corporate Governance
More and more corporation believe that if Corporate Governance
is done properly, it allows the corporation to work smoothly due to
the existence of a clear level of accountability and communications
amongst the organization, Good Corporate Governance shall be
in place if people in your organization understand their roles and
responsibilities clearly.

We render advises to the management of your corporation, the in

house counsel, as well as the compliance and HR Officers with the
need to properly understand Good Corporate Governance and the
importance to utilize the principles of Good Corporate Governance
in establishing the roles and responsibilities of the key members of
the management of your corporation.

We shall assist you in reviewing or preparing such Good Corporate

Governance manual and policies, setting an appropriate Good Corporate
Governance frameworks as well as trainings to the management
and or the people in your corporation on the importance of Good
Corporate Governance.
Wa l k i n g T h r o ug h T h e
Spir it o f T h e Re gul ation
    by L. Wulan Tumbelaka                                    

Understanding the concept of our

Company Law is not difficult. It is
definitely not a rocket science, as
long as we read and comprehended
it by using the - what my mentor, a
prominent senior lawyer in Indonesia,
used to call - “legal logic” or the spirit
of the law. I believe that many of us “Having the ability
understand that in our company law
system that apply 2 boards (the Direksi to interpret and
and the Dewan Komisaris), both has
equal in rank. None is higher then the compromising the law in
other, but having different role and
responsibilities and functioning as a practice, is not always
check and balance one to each other.
The Direksi is the executive organ of easy. It needs the hand
the Perseroan Terbatas (PT) and the
Dewan Komisaris is the supervisory of a specialist with a
organ.
clear mind and portion
However, in practice, we learn the
facts that implementing such concept of skill, knowledge and
in the reality of our business operation
is not as easy as understanding it. We wisdom, that most of the
can find many examples when society
thinks that the Dewan Komisaris is time falls in to the hand
the boss of the Direksi. They are able
to give orders to any of the members of a lawyer, the expert.”
of the Direksi, a Director, to do things
that they desire. One of the reasons
derives from the facts that most of the
Commissioners are the owner of the
PT, or at least the representative of
the shareholder of the PT.
It is very rare we found Direksi
that can totally independently
running the PT without the
strong involvement of the Dewan
Komisaris. Strong involvement
sometimes can be refer to as
involving in the decision making or
even making executive decision.
Direksi is often overshadowed by
the Dewan Komisaris.
The picture above is one of
the many examples we may
find in reality that shown the
implementation of law is not
always as easy as the intention of
the law itself. I believe there are
many other examples around us.
Now, implementing the law as
intended is a choice, people
can choose to use the law as
it is or otherwise, and most of
the time in business operation,
law implementation will be
compromised with the objective
of the business. Not to violate the
regulation, but bending it towards
one’s goal, which is the business’
goal.
Having the ability to interpret and
compromising the law in practice,
is not always easy. It needs
the hand of a specialist with a
clear mind and portion of skill,
knowledge and wisdom, that
most of the time falls in to the
hand of a lawyer, the expert.
The quote by a novelist, critic
and ardent feminist and a major
figure in 20th century literature,
Rebecca West saying that “The
choice between Law and Justice
is an Easy one for courageous
minds”, really reflects the
situation whereby the Law is not
always bring Justice, and Justice
is not always served should we
bound to the law. Hence a good
lawyer will know what to choose
in any of a given situation.
As lawyers, we are called to
take part in using our best
effort walking our path through
the spirit of the regulation but
in the same time also use our
best effort to preserve Justice.
We are bound to take part in
the implementation of the law
towards the betterment of the
legal system.
Our TEAM
• Lydia Wulan Tumbelaka, SH

• Dewi Anwar, SH

• Yos Badilangoe, SE

• Bipi Prihanggodo, SH, MH

• Indah Budiana, SH

• Rina Siti Fatimah Muhardini, SH, SE

• Dhyana Arifin, SH

• Intan Kusumawardhani, SH

• Stella Riesta, SH

• Vena Vebtriana, SH, MH

• Ryandi Dwinanto, SH
Lydia Wulan TuMBELAKA, SH
Founder
Wulan is one of the founders of An-
war Tumbelaka & Co. She gradu-
ated from the Law Faculty of the
University of Indonesia in 1988,
majoring in private international
law. She has been practicing law for
more than 27 years, starting in 1989
as a legal staff in one of the biggest
bank in Indonesia, and has pursued
her career ever since as a banker-
lawyer for years from 1990 to 2007
in another prominent bank in Indone-
sia whereby her last position was as
a General Counsel of that bank. In
2008 she was appointed as the Cor-
porate Secretary of that bank, and as
a Director of Compliance, Corporate
Affairs, and Legal of the same bank
effectively since February 2009.
She served as a Director for around
7 years before retiring in April 2016.
As a Director she has grown her
leadership and management skills
being part of the top management
team, as well as achieving a full
set of experiences among others
in corporate legal affairs including
mergers and acquisitions, corporate
financing, managing crisis, solving
non-performance loan cases,
fraud management, legal risk
management including managing
legal organization, and many others
As a Director in the bank, she was
also active in several associations
in the banking industry, namely
PERBANAS (Perhimpunan Bank
Nasional), KMPP (Kelompok
Masyarakat Perduli Perbankan),
FKDKP (Forum Komunikasi Direktur
Kepatuhan) and IBI (Ikatan Bankir
Indonesia). She also has been
requested several times as a
resource person among others
to support National Financial
Education and Literacy program in
Financial Industry and other national
programs in the banking industry.
She also has been invited as a
speaker, facilitator and/or trainer
in various trainings and seminars
on Good Corporate Governance,
Compliance Management, Legal
Risk Management, Capital Market
Legal and many other topics.
Aside from her career in banking
sector, she has taken an important
short break from the banking
industry for around two years (1998 -
2000), while within those period she
also experienced acting as a Partner
at one of a Legal Consulting Firm
in Indonesia for around one year,
before she returned to the banking
sector. That short period has added
a hand full of experiences to her
bucket, and later on has inspired her
to start her own legal firm.
In addition to her formal education,
she is also a Certified Compliance
Director from International
Compliance Association (ICA) and
FKDKP, and has received a Risk
Management Level 5 Certification
from BARA-LSPP. During her time
in banking industry she has also
attended a long list of important
and strategic training programs and
seminars in various topics, among
others risk management, leadership,
strategic management, including a
comprehensive INSEAD Leadership
and Management Training in
Singapore and Fountain blue-
France.
 DEWI ANWAR, SH
Founder/ Managing Partner

Dewi is one of the founders and managing partner of Anwar Tumbelaka

& Co. She graduated from the Law Faculty of Airlangga University in
1981, majoring in Commercial Law.

She has more than 30 years of working experiences in several leading

banks in Indonesia mostly performing as Legal Advisors and General
Counsel. She has extensive experiences in handling various banking
and finance transactions namely project financing, debt restructuring,
managing problem loans and litigation. She also highly skilled in
drafting, preparing and reviewing transaction documents, conducting
legal due diligence and rendering legal opinions.

During her services years in banking, she has attended various strategic
leadership and management training programs, as well as technical
legal training, and she also has received Risk Management Certificate
from authorized institution approved by OJK. On the other side, Dewi
also has spent plenty of hours performing as trainer in various in-house
legal trainings. Her major topic is on Litigation and Managing Problem
Loans, whereby she always rated highly by participants.

Dewi has a huge passion in settling cases, mostly business dispute

between banks and debtors, where she could come out with valuable
applicative solutions to close the case amicably or through proper
litigation process.

In April 2016, after a long career in banking she decided to do her own
practice as an independent lawyer and establish Anwar Tumbelaka
& Co with her long time colleague and best friend Wulan Tumbelaka,
to pursue their idealism to contribute more to the betterment of law
practices in Indonesia.
YOS BADILANGOE, SE
Of Counsel & Senior Advisor

Yos is the Of Counsel and Senior Advisor of Anwar Tumbelaka

& Co. He joined ATC to fill in the need of having an expert in
accounting and finance to be the advisor of the Team. Yos is a
seasoned professional banker that has spent his whole career
in the banking sectors.

Yos held an accounting degree from Gajah Mada University,

graduated in 1983. He started his career in banking on 1985 as a
trainee in Executive Development Program of one of a prominent
bank in Indonesia.

During his service in banking industry, he has held several important

positions in many fields from Corporate Banking Group Head,
Special Assets Management Group Head, ESVP for Operation and
IT and reached his peak as a Director of Compliance & Human
Resources in one of Top five Bank in Indonesia for around 5 years.
Afterwards He has been appointed to be Director in several other
banks for around another 5 years.

Yos has a good eye and great sense in performing strategic

planning to handle various type of special loans, as well as handling
the behavioral of certain type of debtor, mostly with high level of
difficulties. He has a certain qualification in managing people.

During his tenure in banking, he has participated in and attended

various trainings and seminars, including programs issued by
Top rank University in the World, such as the Leading Change &
Organizational Renewal at Stanford Graduate School of Business,
and Program for Global Leadership Harvard University in USA.

We, ATC are very lucky to have him in our Team, and believe he
will also a valuable advisor to the Client.
BIPI PRIHANGGODO, SH, MH
Of Counsel

Bipi is the Of Counsel and Insurance Expert of Anwar Tumbelaka

& Co. He just recently joined ATC to expand ATC’s legal services
to Insurance businesses. He graduated from the Law Faculty of
the University of Indonesia in 1989, majoring in Business Law
and held a master degree in Business Law also from University
of Indonesia in year 2007.

Bipi is a seasoned insurance expert that has spent his almost 30

years of career in the insurance industry as marketing, underwriter
as well as lawyer. He has extensive experiences in handling
various insurance transactions namely merger and acquisition,
insurance claims, negotiating on policy terms and conditions and
many others.

Bipi has been admitted to the Indonesian Bar Association and

member of the Congress of Indonesian Advocates - KAI

Bipi start his career as a management trainee in a prominent

and reputable insurance company, and has pursued his career
afterward working as marketing managers in few top-notch
insurance companies or insurance broker companies. In year
2000, he departed from a leading insurance broker company in
Indonesia to establish a law firm under the name of Prihanggodo,
Haullussy and Partner (“PHP”). In PHP Bipi has served more
than 20 Insurance Companies and Insurance Broker Companies
and had achieved uncountable deals, transactions and claims
settlements.

In April 2017 he departed PHP and decided to join ATC to strengthened

and enrich ATC’s legal services in the field of Insurance.
 indah budiana, sh
Senior Counsellor

Indah is a Senior Associate of Anwar Tumbelaka & Co. She graduated

from the Faculty of Law of the University of Indonesia in 1989, majoring
in Civil Law.

She started her career as in-house legal of a national shipping company

in Jakarta for 1,5 year and continued her career by assisting a prominent
and reputable Notary in Jakarta, who has many corporate & capital
market clients with various legal issues. In that Notary Office, Indah
has gathered extensive experiences in the field of company law and
commercial law in general. Her last position in the Notary Office was
as one of the senior lawyer. After spending around 5 years in the
Notary Office, she then decided to pursue a different career. She was
recruited by a prominent bank in Indonesia in 1997, and work there ever
as in-house counsellor. After 18 years of service She then decided to
early retirement in January 2016. She is now part of ATC Team.

During her career in banking, she has been rendering legal support in
various fields, mainly in corporation & capital market (including: Mergers
& Acquisitions and any other corporate actions). She also supported the
bank in its non-banking contracts or often refers to as general contracts,
namely IT Agreements, Property Agreements, Purchase Agreements
& other type of contracts). On the banking side, she also experienced
in rendering legal support for consumer banking and syariah banking.
One of her passion is also managing legal organization by conducting
legal research & legal officers development program in the bank.

Legal Officers development program provides training needs analysis

and career paths programs for all in-house lawyers in the bank, whereby
in one time she has to manage a large sum of lawyers for the whole
bank, as many as more then 100 lawyers. Indah has great passion in
being a trainer and coach for young lawyers.

During her long service in the banking industry, she also has been
assisted many banking projects and enrolled to many internal and
external training programs, among others one of the top school for
banking in Indonesia namely SESPI Bank by LPPI.
 RINA SITI FATIMAH MUHARDINI,SH,SE
Senior Counsellor

Rina is a Senior Associate of Anwar Tumbelaka & Co. She graduated

from the Faculty of Law of the University of Indonesia in 1989,
majoring in commercial law. In 1996 she also completed her study
at the Faculty of Economic of the University of Indonesia, majoring
in financial management. Both commercial law degree and financial
management degree has given competitive advantages in her career
as in-house lawyer in financial sector.

She started her career as leasing officer at a leasing company. She

further join the Executive Development Program of a prominent
bank in Indonesia in 1991 and after she completed the program,
she has spent most of her career ever since in such bank. She has
been assigned in various departments in the bank, she started as an
assistant manager in System and IT Department, and in 1996 she
was assigned as senior counsellor in the Legal Department to cover
various fields of law such as company law, i.e. merger and acquisition,
IT law and also banking law both lending and funding side as well as
operational and services. Her career as In house lawyer reach her
peak when she was promoted to be the General Counsel of the Bank
supervising more then 100 lawyers.

In 2014 after almost 18 years acting as in house counsel she was given
a task to strengthened the Compliance Organization, whereby she
has to be accountable for the bank’s compliances against regulation
specifically regulations of Bank Indonesia and OJK. This is her last
role until she retires early in 2016.

During her service in the banking industry, she has enrolled to many
training programs including banking risk management (BSMR1-3)
and one of the top school for banking in Indonesia namely SESPI
Bank by LPPI.
stella riesta alimoeddin, sh
Counsellor of Law

Stella is an Associate of Anwar Tumbelaka & Co. She

graduated from the Law Faculty of the University of
Parahyangan in 2005. Besides studying law, she also
undertake postgraduate program at the Faculty of
Communications of the University of Paramadina, which
is still on going.

She started her career in 2006 as a legal assistant in one

of the prominent bank in Indonesia and has been working
in that bank for around 10 years. During her time in the
banking industry beside legal skill, she also had a chance
to improve her marketing and communications skills by
joining the Corporate Communications Group where she
stayed for several years. It really helps her to master
several corporate communication skills, such as the public
relations and media buying, event management, social
media and brand activation.

During her service in the banking industry, she has enrolled

to several training programs related to legal, banking and
also leadership and general management.

At ATC, she specializes in corporate law, IT law and banking

law. She also acts as liaison officer for Clients as she is
in charge for office administration.
 dhyana arifin, sh
Counsellor of Law

Dhyana is an Associate of Anwar Tumbelaka & Co. She

graduated from the Faculty of Law of the University of
Indonesia in 1988, majoring in Civil Law.

She has more than 25 years of experience as an in-house

lawyer in the banking industry since 1988 in several banks
in Indonesia, and has spent most of her career in one of
the Top five banks in Indonesia.

During her service in the banking industry, she is well

known to be one of the legal officers that committed to
perform an effective legal service for clients in a timely
and commercially oriented manner. She also rendering
legal support on a wide range of retail or corporate banking
matters including issues related to lending and funding. She
also provides advisory services on legal quality assurance,
legal audits and legal due diligence and legal opinion.

Based on her experiences She also skilled in preparing

security documents, banking corporates matter, project
finance and debt restructuring.

During her service in the banking industry, she has enrolled

to many training programs related to legal, banking and
also leadership and general management.
 intan kusumawardhani, sh
Counsellor of Law

Intan is an Associate at Anwar Tumbelaka & Co. She was graduated

from the Faculty of Law of the University of Indonesia in 1989,
majoring in Civil Law.

She started her career as Legal Officer at a prominent bank in

Indonesia in Batam branch in 1990 and she was the first Legal
Officer in such branch. In 1991 she moved to a Jakarta branch.

In 1995 she started to work at one of the Top five bank in Indonesia
whereby she pursue her career starting as a Legal Counsellor
Division Head. Then she spent almost 20 years of her career as
in-house lawyer in that bank. Her main role was managing legal risk
and in rendering banking facilities covering lending, funding and
banking services for both conventional and syariah banking.

She is skilled in preparing legal documentations, conducting legal

review and rendering legal opinion on the banking transaction
activities and she also support for Litigation unit. During her
service in that bank, she was also posted in several legal units,
namely Legal West Java, Legal East Java, Legal Sumatera and
Legal Central Java.

During her service in the banking industry, she has enrolled to many
training programs related to legal, banking and also leadership
and general management.
 Vena Vebtriana, SH, MH
Counsellor of Law

Vena is an Associate of Anwar Tumbelaka & Co. She graduated

as one of the Top 10 graduates from the Law Faculty of Pancasila
University in 2010, majoring in Civil Law. She also held a master
degree in Business Law also from Pancasila University in 2012.
Right after graduation, in 2010 she joint Prihanggodo, Haullussy
and Partners (“PHP”), a legal firm specializing in Insurance
Industry.

Vena is our Insurance Law specialist, however she also specializes

in the area of corporate and commercial law, labor, foreign
investment and litigation.

Vena has been admitted to the Indonesian Bar Association and

member of the Congress of Indonesian Advocates - KAI. During
her service as professional lawyer she handle Insurance Contracts,
render Legal Opinion, handle criminal, civil and commercial
litigation and conducting legal due diligence.
 Ryandi Dwinanto, SH
Counsellor of Law

Ryan is an Associate of Anwar Tumbelaka & Co. He graduated

from the Law Faculty of Pancasila University in 2014, majoring in
Criminal Law. Right after graduation, in 2014 he joint Prihanggodo,
Haullussy and Partners (“PHP”), a legal firm specializing in
Insurance Industry.

Ryan is the youngest lawyer at ATC, whom has great passion to

grow and enhance his skill and knowledge as professional lawyer.
He aspire to have expertise in the area of corporate and commercial
law, labour, banking, foreign investment and litigation.

During his service as professional lawyer he handle Insurance

Contracts, render Legal Opinion, handle criminal, civil and
commercial litigation and conducting legal due diligence.
contact info

Anwar TUmbelaka & Co

Mayapada Tower 1 lantai 11

Jl. Jend Sudirman Kav 28
Jakarta Selatan 12920
+ 6221 52897366
info@anwartumbelaka.com - www.anwartumbelaka.com
Anwar TUmbelaka & Co
+ 6221 52897366
info@anwartumbelaka.com | www.anwartumbelaka.com

Mayapada Tower 1 lantai 11

Jl. Jend Sudirman Kav 28
Jakarta Selatan 12920