HHP Law Firm acted as lead counsel to PT Bank Rakyat Indonesia (Persero) Tbk ("BRI") on its strategic partnership with FWD Group with respect to PT Asuransi BRI Life ("BRI Life"). Following the strategic partnership, BRI Life has entered into a long-term life insurance distribution agreement with BRI. This transaction which was initially signed in June 2020 and was completed on 3 March 2021 (see announcement).
Our M&A team advised BRI on the transaction amid managing complex stakeholders and regulatory approval processes and implementing an effective competitive bid process which was conducted at the height of the COVID-19 lockdowns in Indonesia.
This deal was led by foreign legal consultant Gerrit Jan Kleute and associate partner Abimata Putra, with support by associates M. Rizky Kenawas, Putri Anindita Sahari and Nadya Sagita.