darmalaw.id - Darmawan & Partners

Description: Darmawan & Partners

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We are trusted by a group of international lenders to act as their Indonesian legal counsel in extending a loan facility to Digi Asia Group, one of the leading financial technology group companies which operates e-money business (KasPro), peer-to-peer lending business (KreditPro) and remittance business (RemitPro) through its subsidiaries in Indonesia.

In this transaction, we worked together with the lenders’ international legal counsel in the preparation, negotiation up until execution of the Indonesian security documents and other Indonesian law related finance documents.

Align with the Indonesian Financial Services Authority (OJK)’s aim to digitalize rural banks (bank perkreditan rakyat) in Indonesia, we represented an Indonesian conglomerate group company in acquiring 100% shares of a rural bank in West Java, Indonesia whereby upon the closing, our client will develop the information technology system within the bank in order to enable the bank to offer digital banking products to its customers.