Prakoso Anto Nugroho

Anto is a Partner of Foster's exponentially growing Energy, Shipping and Natural Resources Practice Group. With almost 15 years of experience in both private practice and senior leadership roles in the legal department of various publicly listed energy corporations, multinational shipping enterprise and sovereign infrastructure finance institution, he regularly advises and works closely with numerous foreign counsels, international law firms, general counsels and c-level on high-value transactions, project developments, cross-border merger and acquisitions, divestitures, project finance as well as high-stakes disputes where regulatory complexity, capital exposure and geopolitical considerations converge.

‍

His knowledge and experience span a broad range of highly regulated business sectors, including energy (including renewables), mining, plantation and natural resources, shipping and maritime, logistics, construction and infrastructure. Anto guides numerous energy, mining and shipping industry companies in connection with the acquisitions, divestments, financing, operation, and disposition of assets to help meet their commercial objectives, having advised on all aspects of the structuring, negotiation, and documentation of deals. Anto has also represented major corporates in these sectors in relation to some of their high-profile projects and has a vast experience dealing with complex legal, transactional, regulatory and contentious matters.

‍

While much of Anto's work is highly confidential, a short list of example transactions includes advising :

‍

· PT Buana Lintas Lautan Tbk, a publicly listed multinational oil tanker owner and operator engaged in international crude oil and petroleum shipping operations across Asia and the Middle East, with global trading routes, on its large scale offshore USD 1 billion Floating Production Storage and Offloading (FPSO) project with a consortium of transnational shipowners. This includes advisory on consortium risk allocation, operational liability framework, contractor interface risk, long-term operational exposure as well as lease and operate structures.

‍

· PT Buana Lintas Lautan Tbk in relation to maritime casualty, vessel collision and insurance claim in the amount of approximately USD 7 million in collaboration with instructed counsels, Holman Fenwick Willan (United Kingdom) and Stephenson Harwood (Singapore), including managing strategic engagements with P&I clubs, insurers, surveyors and maritime experts, and providing legal analysis of liability allocation and insurance recovery strategies.

‍

· PT TBS Energi Utama Tbk, a leading integrated energy company in Indonesia, on a USD 171 million syndicated financing from domestic syndicate lenders, including Bank Mandiri and Bank Central Asia, for the development of steam power plant in Gorontalo, Indonesia, including the subsequent refinancing of the project.

‍

· PT TBS Energi Utama Tbk on its IDR 151 billion hydroelectric project finance from Bank Mandiri and the working capital restructuring for its liquidity stabilisation.

‍

· PT TBS Energi Utama Tbk on its joint venture with GoTo Group for the establishment of Electrum, an electric motorcycle operator that operates within GoTo's ecosystem, which includes the provision of financing from GoTo Group to the joint venture company.

‍

· PT Sarana Multi Infrastruktur (Persero), a sovereign infrastructure finance institution, on multilple infrastructure financings involving multilateral lenders and syndicated credit facilities, such as :

‍

a. USD 40 million Promoter Financing to PT Dian Swastatika Sentosa Tbk, one of Sinarmas Group's largest subsidiaries. The financing was to support the development of the borrower's mine-mouth power plant in Kalimantan, Indonesia.

‍

b. IDR 750 billion (approx. USD 44 million) project finance to PT Kereta Api Indonesia for the financing of Light Rapid Transport (LRT) project in Jakarta - Bogor - Depok - Bekasi cities, one of the government's prioritised national projects .

‍

c. IDR 700 billion (approx. USD 41 million) sharia project finance to Jasamarga Group for the construction of Trans-Java toll road in Indonesia.

‍

· PT Trada Alam Minera Tbk, a publicly listed coal, shipping and logistic company on its working capital financing from Standard Chartered Bank.

‍

· PT ABC Kogen Diary on its receipt of strategic investment from Mitsui & Co.

‍

· One of the largest oil and gas tanker companies in Indonesia on international sanctions regimes and trade compliance in collaboration with the lead advisory counsel Reed Smith (London) that covers UK sanctions framework, US OFAC regulations, EU restrictive measures, and UN sanctions regimes.

‍

· A domestic shipping company on its operational legal matters that cover key issues pertaining to charterparty exposure (Approx. USD 8 million per voyage), cargo compliance risks (Approx. IDR 10 billion per vessel), vessel employment restrictions, as well as insurance and operational implications, including developing sanctions risk-mitigation framework for sensitive trading jurisdictions.

‍

In other noteworthy transactions in the natural resources sector, Anto assisted PT Julang Oca Permana on its IDR 140 billion rubber plantation assets divestment in Bengkulu. He also counseled PT Indomarta Multi Mining on its coal mining assets divestment in South Kalimantan and PT Alani Energi Utama on the divestment of a portofolio of green energy hydropower projects and renewable energy assets located in multiple regions such as South Sumatra, Lampung, Central Sulawesi and Southeast Sulawesi.

‍

Anto is acknowledged by clients for his skills in cutting through complexity and has the ability to bring together precedents, commercial realities, and legal analysis to navigate transactions from inception to the finishing line, providing rock-solid and pragmatic legal advice. He is user-friendly, solutions-oriented and has a very commercial mindset that succinctly explains nuanced points as well as having an element of commerciality and focus on what is important to the client.

‍