Legal Due Diligence in Support of Integrated Diagnostic Performance Review of DKI Jakarta BUMDs

HJP acted as legal advisor to EY-Parthenon, the advisor appointed by BP BUMD DKI Jakarta, in conducting legal due diligence in support of an integrated Diagnostic Performance Review of 3 (three) BUMDs operating in the construction, property management, and livestock supply sectors. The engagement included performing comprehensive internal legal analysis covering corporate governance, regulatory compliance, legal risk identification, and review of material agreements, as well as assessing the alignment of business activities with applicable laws and government mandates. HJP also collaborated with EY-Parthenon to ensure an integrated legal, financial, and operational review, identified key legal and structural issues, and developed strategic recommendations, including business restructuring, strengthening of internal controls, regulatory and licensing alignment, and asset governance, while providing legal support for policy formulation and internal restructuring initiatives of the BUMDs.

• Conducting a legal diagnostic performance review of 3 (three) regional-owned enterprises operating in construction, property management, and livestock supply sectors, to support the Provincial Government’s assessment of performance and business sustainability.
• Performed internal legal analysis of the BUMDs, covering corporate governance, legal risk identification, regulatory compliance, and assessment of the validity and enforceability of material agreements and legal documents.
• Collaborated with EY-Parthenon in reviewing the BUMDs to ensure an integrated legal, financial, and operational assessment approach.
• Identified key legal and structural issues affecting the BUMDs, including governance risks, contractual exposures, misalignment of business activities with corporate objectives, and asset management concerns.
• Developed strategic legal recommendations for the BUMDs, including business restructuring, strengthening of internal controls, regulatory alignment, licensing improvements, and asset governance.
• Provided legal advisory support to the Client in relation to the BUMDs for policy formulation and internal restructuring initiatives.