It is the first major Indonesian firm to link up with an Asian firm, businesstimes.com reports.The move, effective this month, follows up on Rajah & Tann’s recent expansion in Myanmar and Cambodia. 
Managing partner Lee Eng Beng described it as 'one of the most significant and exciting since we embarked on our regionalisation drive. From this month Rajah & Tann clients can look to a fully-fledged integrated team offering the broadest range of law services across all the major markets Asean.’ 

Capital markets

Assegaf Hamzah is a full service Indonesian firm which was set up by Fikri Assegaf and  Chandra Hamzah in 2001 and specialises in Indonesia’s capital markets and  banking and finance. The fourth largest in the country, a number of its partners advised the Indonesian Bank Restructuring Agency which was targeted with overseeing the country’s banking sector’s recovery in the aftermath of the Asian financial crisis. The firm has also advised on some of the largest capital market deals in Indonesia including Bank Mandiri’s US$1.24 billion rights issue, Indonesia’s biggest by a bank and the country’s second biggest ever.