Indonesia is where the action is

Indonesia’s consumer and resources boom is fueling an investor frenzy in the market, with Bloomberg reporting that investors have bought $23.3 billion of debt this year. This spending follows $25.4 billion raised in 2009 for acquisitions and other spending, the most in at least 11 years. All this action, combined with President Susilo Bambang Yudhoyono’s six year campaign to fight corruption and terrorism and invest in infrastructure, has made Indonesia a lucrative legal market. “We’re moving back to where we were in the mid 1990s when Indonesia was where the action was in terms of consistent, large deals,” said David Dawborn, a partner of London-based Herbert Smith who has worked in Jakarta since 1992 and is assigned to its associate office there.

Indonesia is where the action is Fri, Nov 12, 2010