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Widyawan & Partners

David Holme

David Holme

David practices principally in the energy, resources and infrastructure, mergers and acquisitions and general corporate and commercial fields in Indonesia. He is a Senior Foreign Legal Advisor, based in Widyawan & Partners' Jakarta office and is ranked as a leading energy lawyer in Indonesia and the Asia-Pacific region by the current edition of Chambers Asia Pacific.

David's recent Indonesian energy and power experience includes advising:

  • Inpex Masela on the development and financing of its LNG project in Masela Block, East Indonesian waters, originally proposed as an FLNG project;
  • Pertamina on in its various plans to upgrade its existing refineries, as well as the development of a new refinery under the Public Private Partnership (PPP) regulatory framework and a further new refinery in Tuban;
  • China Development Bank, as lenders, on the project development and financing of the 2 x 1000 MW Jawa 7 Coal Fired Power Plant located in Banten Province in Indonesia;
  • Pertamina in drafting and negotiations with Total and Inpex of a Transfer of Operatorship Agreement (of the Mahakam Block) and a possible 30% participating interests farm-in by Total and Inpex into the new PSC (post 2017) for the block.

David’s recent M&A experience includes advising:

  • Sumitomo Mitsui Banking Corporation on its US$1.56bn acquisition of a stake in PT Bank Tabungan Pensiunan Nasional Tbk (PT BTPN), the largest investment by a Japanese bank into South East Asia at the time and the largest ever FIG M&A deals in Indonesia.
  • ACE insurance on its US$130m acquisition of PT Asuransi Jaya Proteksi and subsequent merger of its subsidiaries in Indonesia engaging in non-life insurance business;
  • J Trust Co Ltd on its US$373m acquisition of all of the Indonesia Deposit Insurance Corporation's interest in PT Bank Mutiara Tbk through a competitive auction process;
  • PT Pertamina Hulu Energi on its acquisition of Block B and NSO Block, Aceh, from ExxonMobil.

David Holme
Senior Foreign Legal Advisor
Tel: +62 21 2995 1509