About Us
Our history
During March 2008 through 2009, the world faced a global economic crisis that is often referred to as the worst global crisis since World War II, stemming from the U.S.A.
Before 1997, Indonesia was one of the Asian Tigers, a promising country. Conductive business environment generated extensive growth in both in domestic as well as foreign investment, reaching the peak of IDR 119.9 trillion and IDR 39.9 trillion in the year 1997 alone. Indonesian economy flourished, portrayed by stable inflation rate, the opening of many new banks and other positive economic indicators.includes, among others, creating a more conductive environment for domestic and foreign investment. By the end of 2003, Indonesia has shown a significant recovery in the economy represented by an economic growth of 4.10%, increased GDP of IDR 176.1 trillion, IHSG level of 691.89, and exchange rate to IDR 8.577 per US Dollar by 2003, and stable and downward trend of interest and inflation rates.
However, when the economic chrisis hit Asia in the third quarter of 1997, Indoensia was one of the countries most severely affected. By the beginning of 1998, the Indonesian economy was in chaos, the exchange rate plunged from IDR 2,500 to IDR 15,000 – 17,000 per US Dollar, the inflation rate ranged between 20% and 60%, and interest rates spiked as well, which resulted in negative economic growth up to minus 13.7% and plummeting IHSG level. Such conditions created a systematic crisis and instability. Many companies and institutions ceased operating or became insolvent due to their inability to pay their foreign exchange debts, which affects financial institutions, including the collapse of many banks, resulting the need for financial re-structuring that involved various complex contracts and agreements in order to curb the escalation of the crisis.
After the election of a new president in 1999, along with transition to democracy, Indonesia slowly recovered with the implementation of various policies by the new government, that includes, among others, creating a more conductive environment for domestic and foreign investment. By the end of 2003, Indonesia has shown a significant recovery in the economy represented by an economic growth of 4.10%, increased GDP of IDR 176.1 trillion, IHSG level of 691.89, and exchange rate to IDR 8.577 per US Dollar by 2003, and stable and downward trend of interest and inflation rates.
AZP Legal Consultants was founded in 2004, in perfect timing to accommodate the legal needs of companies in adjusting to the free-market system that Indonesia was heading into and the remnants of financial restructuring that still needed to take place, along Indonesia’s increased openness towards foreign investment, which required deep comprehension and continuous understanding of the constantly changing regulations in order to minimize legal risks in decision making and ensure continued smooth operation of business activities.
The government continued to implement various economic reforms in response to the global challange, among others, by accommodating legal certainty relating to both domestic and foreign investment, through the enactment of the 2007 Investment Law that is seen by many as a significant stride in investment policy. Concurrently, AZP continued to provide excellent legal services to satisfied clients.
During March 2008 through 2009, the world faced a global economic crisis that is often referred to as the worst global crisis since World War II, stemming from the U.S.A. subprime mortgage crisis that escalated into a banking and capital market crisis.
Fortunately, the Asia Pacific region were not as deeply affected as other regions. Compared to other countries in the region, Indonesia fared relatively well. By 2010, despite the lingering effect of the global crisis, Indonesia rebounded quickly and by the first quarter of 2010, it had reattained its pre-crisis rates with economic growth rate at 6.2%, GDP at IDR 6.422 trillion, IHSG level at IDR 3.700, and exchange rate at IDR 9.100 per US Dollar. Indonesia was the only G20 or Asian country 9with available information) in which economic growth was positive and the unemployment rate had fallen from its 2008 level. Due to continuous policy reforms that resulted in Indonesia’s relatively stable macroeconomic and political environment, and perhaps especially because of the 2007 Investment Law that is seen as being more conductive for foreign investors, as well as Indonesia’s move to keep the Rupiah proportional to the United States Dollar (unlike other Asian Economies which tried to devalue their currency in order to increase exports), foreign investment continued to flow. Foreign investors continued to have enough faith in Indonesia to invest while other countries’ economy were, at least comparatively, unstable. in 2010, Indonesia is recorded to have a total FDI of USD 12.7 billion, the first time inflows have exceeded USD 10 billion.
Entering into the second quarter of 2013, Indonesia is continuing with its reforms, including the improvement of infrastructure as a key strategy for enhancing its investment climate, domestic business, economic growth, and employment level/
Given the recent trends and the current situation of Indonesia’s economy, its conductive investment environment, and the continuous reforms in laws and regulations, there is undoubtedly a need for would be entrepreneurs, existing companies, and domestic as well as foreign investors to ensure that in carrying out their business endeavors, their legal risks are minimized, their business strategy are in line with the continuously changing rules and regulations, and that all legal requirements, which are often complex and uncertain, are complied with.
With AZP’s extensive legal knowledge, competent legal research capabilities, abundance and wealth of experience, strong expertise in handling complex transactions and cases, as well as well established relationships with various government institutions, AZP can ensure the achievements of the goals of its clients by furnishing accurate and reliable consultancy services to meet the specific demands given specific situations. Along with knowledge, capabilities, experience, and expertise, AZP’s value, integrity and loyalty to clients are the most valuable assets that would ensure clients’ satisfaction.
Why Choose Us
With our extensive legal knowledge, competent legal research capabilities, abundance and wealth of experience, strong expertise in handling complex transactions and cases, we can ensure the achievements of the goals of our clients.
Highly Experienced
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Transparent Fees
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Grate Track Record
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