KARNA - KARNA Partnership in association with Withersworldwide

the team

Partners &
Co-founders

Partner (Co-Founder)

Alvin Saptamandra Suryohadiprojo

S.H., LL.M.

Alvin has been practicing corporate law since 2013 with various working experiences of lawyering at SSEK, a prominent and first-tier corporate law firm in Indonesia, in-house at Gojek, and investment analyst at InvestIdea Ventures, a venture capital firm. These multi-sectors background enable him to have holistic legal approaches to business issues, breaking down complexities that the clients are facing and counseling them toward practical and innovative solutions. His area of expertise includes mergers & acquisitions, private equity/venture capital investments, digital economy and general corporate & commercial transactions.

In addition to his resume, Alvin also took time to explore his passion for business matters through participation in an one-year business and law course held by Wharton Business School during his master of law study in University of Pennsylvania.

Education:

University of Pennsylvania, Master of Laws (LL.M)
Universitas Padjadjaran, Bachelor of Law (S.H.)

Bar Admission:

Indonesian Bar Association (PERADI)

Certification:

Registered as Personal Data Protection Officer profession

Registered as Capital Market Supporting Professional at Financial Services Authority (OJK)

Email:
alvin@karnapartnership.com

Partner (Co-Founder)

Aditya Bagus Anggariady

S.H.

Aditya is a discerning listener, possessing a unique talent for simplifying compliance matters for his esteemed clientele. His genuine interest in people has not only cultivated an extensive network of contacts but also served as the driving force behind the establishment of KARNA Partnership. Deeply vested in each relationship, Aditya consistently demonstrates unwavering dedication when advocating for his clients.

Prior to co-founding KARNA Partnership, Aditya had the privilege of acquiring invaluable experience at a prominent corporate law firm in Indonesia, as well as serving as an in-house legal counsel at Indonesia AirAsia.

Since his tenure with the Firm commenced, Aditya has been intricately involved in litigation cases spanning a diverse spectrum of disputes, including alternative dispute resolution, civil litigation, arbitration, postponement of debt settlement obligation (PKPU)/bankruptcy, white-collar crime, family law, and various other related facets. Furthermore, he has played a pivotal role in numerous corporate transactions encompassing acquisitions, corporate restructuring, infrastructure, energy, defense, lifestyle & entertainment, and employment matters.

Education:

Universitas Pelita Harapan, Bachelor of Law (S.H.)

Bar Admission:

Registered in Indonesian Association of Receivers and Administrators / Ikatan Kurator dan Pengurus Indonesia (IKAPI)
Indonesian Bar Association (PERADI)

Email:
aditya@karnapartnership.com

Partner (Co-Founder)

Rizki Dwianda Rildo

S.H., M.H., LL.M.

Rizki has been in the industry for over 12 years. He’s worked at the top of his field in various firms, including as a Senior Associate at HPRP, part of the global Dentons network, before taking a bold step to co-found, KARNA Partnership. He has guided a wide array of clients, from public companies and state-owned enterprises to innovative startups, through the complexities of the legal world. His expertise spans several industries, including tech, finance, manufacturing, and logistics.

Rizki’s drive for law goes beyond just working with clients. He’s also dedicated himself to continuous learning, taking management and business courses, capital markets, and data privacy certifications. He is a registered capital markets legal consultant at the financial services authority and Certified Data Protection Officer under Asosiasi Profesional Privasi Data Indonesia (APPDI). In addition, he is also certified as a commissioner of Rural Bank by National Certification Body.

Rizki’s journey is a testament to his relentless pursuit of excellence and his commitment to staying at the forefront of the legal field.

Education:

Universitas Indonesia, Bachelor of Law (S.H.)
Universitas Indonesia, Master of Laws (M.H.)
University of Washington, Master of Laws (LL.M.)
IPMI International Business School (candidate)

Bar Admission:

Indonesian Bar Association (PERADI)

Certification:

Registered as Capital Market Supporting Professional at Financial Services Authority (OJK)

Registered as Personal Data Protection Officer profession

Pass underwriter representative and securities broker dealer exams

Certified as Commissioner of Rural Bank by National Certification Body

Email:
rizki@karnapartnership.com

Partner

Fitriyani Muharam Utama

S.H.

Fitri began her career as a lawyer in 2011. She started at Mochtar Karuwin Komar Law Firm, a prominent first-tier corporate law firm and one of the oldest law firms in Indonesia in which she had been practicing law professionally for more than 11 years. During her time at the law firm, Fitri was able to gain and cultivate extensive knowledge in addition to vast direct observation required on this field.

Fitri was trusted to participate in a secondment program in Singapore to further explore and strengthen her expertise for approximately 2,5 years. Throughout her time there, she was tasked as a representative of the law firm to aid with various international transactions processes with Indonesian companies, multinational companies and/or banks. The opportunity of being in the hub of South East Asia business gave her significant exposure in international working environment.

Her practice areas include general corporate, mergers & acquisitions, commercial transaction, financing, shipping, aviation and entertainment law.

Education:

Universitas Katolik Indonesia Atmajaya, Bachelor of Law (S.H.)

Bar Admission:

Indonesian Bar Association
(PERADI)

Email:
fitrimuharam@karnapartnership.com

Partner

Farih Romdoni Putra

Dr., S.H., M.H.

Farih’s professional career began at a reputable law firm, where he gained valuable insights into various legal challenges from litigation to commercial. His track record includes handling high-profile cases. Known for his practical problem-solving skills, Farih focuses on finding straightforward and effective solutions that align with the best interests of his clients.

His commitment to continuous learning is evident through his completion of a doctorate program at Universitas Indonesia. This academic achievement complements his practical experience, providing a well-rounded perspective on legal matters.

His areas of expertise include insolvency, debt restructuring, general corporate and commercial transactions, and dispute resolution.

Education:

Universitas Indonesia, Doctorate (Dr.)
Universitas Indonesia, Master of Laws (M.H.)
Universitas Airlangga, Bachelor of Law (S.H.)

Bar Admission:

Indonesian Bar Association (PERADI)

Certification:

Registered as an administrator and a receiver in Asosiasi Kurator dan Pengurus Indonesia (AKPI)

Email:
farih@karnapartnership.com

Partner

Dimas Nandaraditya

S.H., LL.M.

A dual-licensed attorney, qualified to practice law in both the Republic of Indonesia and in the State of New York, with extensive experience in tech, corporate governance, risk management, financial services, projects and M&As. With significant experience in these areas, he holds independent board memberships across several highly regulated industries, such as shipping, payment gateway and lending.

Previously, he served as Group General Counsel at Traveloka for approximately eight years where he led all major corporate transactions and established key departments including legal, compliance, public policy and risk management. Prior to his tenure in Traveloka, he spent 5 years at Hadiputranto, Hadinoto & Partners (member of Baker & McKenzie) in the finance, banking and projects’ practice group where he advised several Fortune Global 500 companies.

He pursued his bachelor’s degree at Universitas Indonesia and furthered his education with an LL.M degree from the University of Pennsylvania. Dimas is also an ISO certified risk governance and management professional. Dimas can also converse in Indonesian (native), English (fluent), French (upper intermediate), Japanese (intermediate) and Mandarin (intermediate).

Education:

University of Pennsylvania, Master of Laws (LL.M.)
Universitas Indonesia, Bachelor of Law (S.H.)

Bar Admission:

Indonesian Bar Association (PERADI)
New York Bar Association

Certification:

Qualified Risk Governance Professional (QRGP)
Enterprise Risk Management Professional (ERMP)
Bank Indonesia fit and proper test certification for a board member
OJK fit and proper test certification for a board member

Email:
dimas@karnapartnership.com

THE
ASSOCIATES

our services

What we do

General Corporate and Commercials

General Corporate and Commercials

Running a company appropriately means that the management shall make sure that its corporate legal documentations are handled properly, whether in any business activities or corporate actions. A company must be equipped with proper licenses to conduct its business. In addition to having good corporate governance, this would enable the company to prepare itself when dealing with potential financiers (e.g. banks or other financial institutions) or investors, who will pay much attention to the company’s corporate documents to, among others, assess their risk of being involved with the intended company.

In an effort to ensure the corporate documents are in place, especially during and following a corporate action, we offer our assistance to help our clients with general corporate matters, including, among others, conducting a general meeting of shareholders or preparing a circular resolution of shareholders for the increase of capital, change of shareholders, or appointment of management members (Directors or Commissioners) in a company.

Moreover, with our legal experience and knowledge, as well as thorough assessment to the business, we are ready to help our clients by preparing proper legal arrangement with their business counterparts and securing our clients’ interest.
Company Restructuring

Company Restructuring

Development in the business sometimes requires companies to adapt their structure to be compatible with the plan. Commonly, companies intend to expand by adding new line of business which completely unrelated to their initial business. Other instance, new investor coming in and requesting the companies to have a consolidated structure or even to dispose some of their business. In order to have proper governance, a change to the current structure is required to be conducted.

We advise this type of clients with company restructuring plan and proper execution measure to make sure the plan is well implemented.
Venture Capital and Private Equity Deals

Venture Capital and Private Equity Deals

We are experienced in representing Venture Capital (VC) and Private Equity (PE) from arranging structure (onshore and offshore) to assisting the deal, both acquiring or selling portfolios.

As we understand that the regulatory framework of VC/PEs in Indonesia is still semi unregulated (the regulation is there, but not well practicable), we intend to deliver practical and creative solutions to our VC/PE clients. In best possible way, we also try to help our client to be aware of any potential legal risks should there is any major change in the industry.
Capital Markets

Capital Markets

Capital Markets have become an alternative of fund-raising, besides financing from financial institutions, and a platform to purchase, sell or divest one’s assets.

Since the Indonesian authorities encourage the increase

of activities in capital markets, for instance, to have more companies listed in the Indonesian Stock Exchange (IDX) and Indonesian citizens to invest in capital markets, the industry offers vast opportunities to business stakeholders.

Our role is to support clients in, among others, Equity offerings (IPOs and Rights Issue), Debt Offerings, Securitization, Sale and Purchase of shares in a public company, Tender Offer, and providing legal and regulatory compliance such as corporate secretarial works.
Digital Economy and Emerging Growth Businesses

Digital Economy and Emerging Growth Businesses

We acknowledge the vast development of digital economy and emerging growth businesses. The use of technology has become fundamental in people’s life given the disruption aspect it may offer.

We assist companies engaging in digital economy and emerging growth businesses to be in the right legal track. We help clients finding solution to balance their agile developments and compliance to applicable laws. Legal should not prevent the companies to grow, in other side high speed growth companies should not put legal aspect behind.

Our type of clients in this industry include any tech companies (B2B, B2C, B2B2C, O2O, etc.), financial technology (P2P Lending, money remittance, payment gateway, credit-scoring, etc.), and even also e-sport companies.
Insolvency & Debt Restructuring

Insolvency & Debt Restructuring

Our Insolvency & Debt Restructuring services provide expert help for clients facing financial challenges. We have represented both creditors and debtors in this particular practice. We assess each client’s financial situation, create customized strategies, and navigate insolvency and debt restructuring processes based on our extensive experience and legal knowledge. Our team excels in negotiating and structuring complex legal agreements to protect our clients’ interests, aiming for the best outcomes in debt renegotiation, restructuring, or finding new funding solutions.

We collaborate with all involved parties, like creditors, investors and regulators, ensuring clear communication and seeking solutions that benefit everyone. We prioritize trust, credibility, and professionalism, helping our clients deal with financial uncertainty confidently and effectively. Our goal is to guide them towards financial recovery and stability, demonstrating our dedication to excellence.
Commercial Dispute Resolution

Commercial Dispute Resolution

Our dispute resolution team focuses on achieving our clients’ commercial objectives within the boundaries of the law. We provide legal, commercial and strategic advice on wide range of business disputes. We help our clients in both civil and criminal dispute as well as other litigation matters before Indonesian courts, including contractual and shareholders’ disputes, general commercial litigation, and commercial arbitration.

In order to help settling business disputes as quickly and cost-effectively as possible, our value proposition is to offer practical, commercially-focused, solutions.
Content and Entertainment

Content and Entertainment

Content and entertainment business has been a big industry with involvement of huge dollars amount since its first inception, currently even more with the introduction of some new business models. Now the business players are facing the so-called content war, resulting from the establishment of various movies, videos and music distribution channels in any forms. Perfect competition translates to proper legal requirement and compliance.

We have plenty experiences assisting content and entertainment companies from preparing legal paperworks for movie production, consisting of agreement with investors, vendors, talents, distribution platform, etc., assisting the establishment of an OTT platform and also their compliance to the applicable laws and regulations.
M&A

M&A

In M&A transactions, we are not limited to certain industries. Our experienced lawyers would be able to assist our clients with end-to-end legal assistances throughout the deal, from the preparation of term sheet, conducting extensive due-diligence process, and preparation of transaction documents (conditional sale and purchase agreements, sale and purchase agreements, etc.). Including in that process, assisting the clients through negotiation phase until the fulfillment of post-closing conditions with high attention to legal compliance aspects, as different companies and industries varied in legal requirements and compliance.

VII

Deals

KARNA is honored and grateful to have been busy and productive in assisting our clients in building, securing, and expanding their businesses. See our selected representative deals, and we will be thrilled to welcome you into the ecosystem!

Advised PT Surya Fajar Capital Tbk, a public securities company, and its group in commercial legal matters and compliance.
Represented a shipyard company in its potential IPO journey.
Advised one of the most well-known retail F&B companies, in coffee business, in Indonesia, for its IPO plan.
Advised one of the biggest F&B franchise businesses in Indonesia for its potential IPO plan.
Assisted a boutique investment advisory house in managing a pre-IPO investment to one of the top 3 highest IPO values in Indonesia.
Represented a public manufacturing company, in the preparation of issuing a Medium Term Notes (MTN).
Appointed as the Administrator in the PKPU process of PT Prima Alloy Steel Universal Tbk, one of Indonesia's largest producers of alloy wheels.
Appointed as the Administrator in the PKPU process of Kristhiono Gunarso, the owner of PT Corpus Prima Mandiri.
Appointed as the Administrator in the PKPU process of PT Matoa Kidung Samudera, PT PPA Kapital subsidiary company.
Appointed as the Receiver in the bankruptcy process of PT Matoa Kidung Samudera.
Represented a sugar factory in Sulawesi in filing several police reports to Polda Metro Jaya.
Represented one of the heirs of a wealthy family in Jakarta in an inheritance case.
Assisted a mining company in acquiring a property in Sudirman Central Business District (SCBD) Jakarta.
Represented a construction company in relation to claims concerning breach of a loan agreement.
Prepared agreement templates for the operations of a construction company.
Advised a production house company and assisting in preparing an agreement related to producing a movie, talent acquisition, sponsorship, cooperation with OTT streaming platform, and other related legal documentation.
Assisted a production house company in distributing the first Indonesian action movie that uses CGI Technology in the China Market.
Represented and advising arms industry companies in obtaining their business licenses from the Ministry of Defense of the Republic of Indonesia.
Assisted Duoria, an e-commerce company, in preparing a contract for its operation.
Represented a group company holding participating interests in several Production Sharing Contract (PSC) in selling its stake and buying new stake.
Advised an F&B concentrated boutique investment firm in structuring and establishing its fund
Advised a venture capital firm in structuring and establishing its fund.
Assisted an investment company in preparing agreement templates for daily operational activities.
Represented an investor in US$ 3 million Series A fundraising by Cakap, an education tech platform focusing on language learning.
Represented an investor in US$11.5 million Series A fundraising by Bobobox, a technology-based capsule hotel accommodation service.

Assisted an investor in divesting from one of the well-known fintech companies in Indonesia.
Represented one of the biggest content creators in Indonesia in the case of tortious acts at the East Jakarta District Court. KARNA has succeeded in winning the case in September 2023.
Represented a shareholder and director of a healthtech company in a shareholder dispute.
Represented an IP-based parenting tech company in the settlement of an IP infringement case
⁠Represented a Singapore-based health service company in the negotiation of a breach of agency contract with its Indonesian agent.
Assisted Mexis, one of the commercial explosives companies, in its day-to-day business activities
Represented a private lender in providing asset-based financing, for a debtor having its business in defense industry.
Represented, PT Laut Biru Seafood, a portfolio of Melloy Fund, an ESG Fund from the United States in its internal company restructuring and ESOP planning.
Assisted SolarKita, smart solar energy company, in its day-to-day business activities.
Assisted PT Konservasi Hutan Indonesia in conducting strategic investment to a company engaging in the waste management business.
Advised a European group company in preparing potential acquisition of future broker companies in Indonesia.
Represented a tech company from PRC in its potential acquisition of a P2P company and establishment of companies in Indonesia.
Represented Dompet Kilat, a peer-to-peer lending platform, in entering into a strategic partnership with Pinhome, Indonesian property tech platform.
Prenup agreement preparation.
Affidavit for administering foreign inheritance assets.
Represented a high net worth family for an investment in a shipping company.
Represented a foreign direct investment company in applying for remittance license under BI Regulations.
Represented an insurance technology company in its registration process to Fintech Association (AFTECH) and IKD.
Represented an individual in a fraud case, which identity is forged electronically to obtain online funding illegally.
Advised a Bank Indonesia licensed remittance company in restructuring its group structure to support its fundraising.
Represented an investor in US$ 80 million Series C fundraising by Halodoc, a health tech platform.
Advised a technology-based bookkeeping and accounting platform on its daily operational activities.
Provided a Legal Opinion to a business operation software as a service (SaaS) platform confirming its business activities.
Represented a financial company in acquiring a financial technology company-based bookkeeping and accounting platform.
Advised a financial company on its daily operational activities.

Assisted Jagartha Advisors, an investment firm, in channeling venture debt investment to several fintech company portfolios.
Represented a foreign investor in the establishment if its business in Indonesia, including acquiring a peer-to-peer company and cooperation with rural banks.
Advised Juyi Group, a leading multi-brand China-based cosmetics company, in the registration of its products in Indonesia. (Manufacturing)
Represented Kuy Media Group, a media group, in its partnership, investment and business expansion in the media industry.
Assisted Jagartha Advisors, an investment firm, in conducting investment to movie projects produced and managed by Imajinari Pictures, a leading Indonesian production house founded by Ernest Prakasa.
Advised Temata Studios, a production house, in the production of Gampang Cuan movie, together with Adhya Pictures.
Advised one of the biggest public coal companies in Indonesia for its restructuring plan for several group companies and prepared the draft transaction documents.
Assisted Sele Raya Group in conducting joint study for the exploration of a potential oil and gas working area with several other partners.
Assisted Sele Raya Group in acquiring participating interests in one of oil and gas working area in Indonesia.
Advised one of the biggest sugar companies in the preparation of potential acquisition of a sugar plant company, owned by a state-owned entity.
Represented, PT Menthobi Karyatama Raya, Tbk., a plantation public company in the expansion of its business by acquiring majority shares in a private plantation company.
Prepared a feasibility study for one of the power generation companies in Indonesia intending to secure a loan from a State-Owned Bank. This feasibility study is related to the plan to develop five new power plants in North Sumatra.
Represented an F&B fund for its investment in Titik Temu Cipete.
Represented an F&B subsidiary of a state-owned Airline Company in a labor dispute.
Advised a forestry company in its strategic cooperation deal.
Represented a foreign direct investment company which engages in an online gaming platform business in its daily operation and strategic partnerships with its vendors and business partners.
Represented a venture capital firm in supporting an e-sports team.
Advised an e-sports team in talent management matters, including preparing a talent agreement and its derivative cooperation.
Represented an investor in its plan to subscribe for shares in one of the largest Indonesia-based e-sports teams.
Advised a distributor of medical devices company for the sales and distribution of its products.
Represented a securities company in a dispute settlement regarding a forced sale of shares against its client in Badan Arbitrase Nasional Indonesia (BANI) and executing the Arbitral Award.
Represented a management consulting company in a three-way labor dispute.
Advised a management consulting company on its daily operational activities.
Collaborated with a management consulting company in providing strategic advisory services to a state-owned enterprise company.

Assisted one of the biggest food chains in Indonesia in preparing a template partnership agreement
Assisted 3000 Group in its day-to-day business activities in lifestyle, F&B, and entertainment industry
Advised a subsidiary of a state-owned company, having its business in trade, in a restructuring plan which options include spin-off, mergers and acquisition while providing legal and commercial considerations.
Advised a subsidiary of a state-owned company, having its business in shipping industry, in the preparation of IPO plan. (State-Owned Companies)
Advised a state-owned company, having its business in logistic industry, in a restructuring plan feasibility study.
Assisted Planet Aja, an automotive commerce platform, in establishing employee stock option program (ESOP) structure and preparing relevant ESOP documents.
Assisted Ringkas, a property tech platform, in preparing a template cooperation agreement with developers and land owners.
Assisted DompetAman, digital marketplace application for products related to finance, health, lifestyle, social and point rewards, in its day-to-day business activities
Assisted Terralogiq, a technology company that is one of Google Maps partners, in its day-to-day business activities
Assisted 20FB in establishing a close ended fund for investment in F&B and lifestyle businesses in Jakarta, Bali, and Sumatra.
Represented Tin Men Capital in injecting US$3 million investment to Manuva, a manufacturing platform startup.
Represented a construction company in establishing a joint venture project.
Represented a private equity house in acquiring one of the largest gym chains in Indonesia.
Prepared a legal memorandum for a toll-road company about its rights issue and material transaction plans under OJK Regulations.
Represented and advised an infrastructure company in its Public-Private-Partnership project concerning waste to energy.
Represented a foreign direct investment company for its proposed land acquisition by conducting land due diligence (LDD).
Represented a shareholder of PT Satria Antaran Prima, Tbk. in restructuring its shares ownership structure in the public company.
Represented a public mining company in its operation, investment, and strategic cooperation.
Represented a mining construction company in preparing its IPO plan.
Represented a mining construction company in its plan to cooperate with a mining company by preparing a Joint Operating Agreement.

Karna Partnership

latest news

the firm

AWARDS

THE FIRM’S AWARDS

OUR PARTNERS AWARDS

the team

Partners &Co-founders

Partner (Co-Founder)

Alvin Saptamandra Suryohadiprojo

S.H., LL.M.

Partner (Co-Founder)

Aditya Bagus Anggariady

S.H.

Partner (Co-Founder)

Rizki Dwianda Rildo

S.H., M.H., LL.M.

Partner

Fitriyani Muharam Utama

S.H.

Partner

Farih Romdoni Putra

Dr., S.H., M.H.

Partner

Dimas Nandaraditya

S.H., LL.M.

THE ASSOCIATES

Senior Associate

Christopher A. S. Ginting

S.H., LL.M.

Senior Associate

Annysa Ayu Putri

S.H.

Senior Associate

Valdo Tampubolon

S.H.

Associate

Shamira Diandra

S.H.

Associate

M. Fajri Arvian

S.H.

Associate

Rayhan Simatupang

S.H.

Associate

Andhika Kusumonegoro

S.H.

Associate

Ghifar Hilmi

S.H.

Associate

M. Raihan Alhadi

S.H.

Associate

Felisitas Anjani

S.H.

our services

General Corporate and Commercials

Company Restructuring

Venture Capital and Private Equity Deals

Capital Markets

Digital Economy and Emerging Growth Businesses

Insolvency & Debt Restructuring

Commercial Dispute Resolution

Content and Entertainment

M&A

Industry Areas

Deals

Contact

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Partners &
Co-founders

THE
ASSOCIATES

Industry
Areas

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OUR FIRM PROFILE