Clifford Chance forms alliance with Indonesian firm
Clifford Chance now has a presence in Indonesia after forming an alliance with local law firm Linda Widyati & Partners. The Indonesian firm is a boutique corporate and banking firm, which was recently founded by Linda Widyati and Dezi Kirana, formerly partners of Jakarta-headquartered Soemadipradja & Taher Advocates.
On Clifford Chance’s side the association will be managed the firm's head of M&A for Amsterdam, Jeroen Koester, who recently relocated to Singapore and will manage the alliance from the Singapore base.
Peter Charlton, Clifford Chance’s Asia managing partner said: "Indonesia is to South East Asia what China is to the whole of Asia.
"It's the largest economy in South East Asia, it's got a very good dynamic because 60% of the population is under the age of 30, and it's had 6% GDP growth per annum for the last decade.
"But it is quite a complex market. It's not a sophisticated English law, common law jurisdiction. It's still emerging. So we were careful about it."