Iwan Setiawan, S.H.

Senior Partner

Iwan joined Makes & Partners at its inception in 1993 and has been a Partner in the Firm since 1997.


Iwan has over three decades of experience in practicing law and heads the Firm’s capital markets practice. He is regarded as one of the most accomplished legal experts in this field, not just in the Firm, but in Indonesia as well, and is well known and respected by clients, domestic and foreign, and regulators alike. Iwan’s esteemed reputation, his solid relationship with the OJK, IDX, and other regulatory bodies, and his solution-oriented approach all make him the go to person for capital market deals in Indonesia. Clients say that Iwan is “astute and knowledgeable” and his expertise in the capital markets landscape in Indonesia is indeed, “unparalleled”.


Over the course of his career, Iwan has served as lead partner for various landmark capital market transactions and under his supervision, the Firm has succeeded in effectively completing these transactions. Iwan has represented heavyweight clients such as retail giant, PT Mitra Adiperkasa Tbk. (MAP), real property conglomerates, PT Lippo Karawaci Tbk., PT Ciputra Development Tbk., PT Agung Podomoro Tbk., PT Bumi Serpong Damai, and PT Summarecon Agung Tbk., and shipping heavyweight PT Soechi Lines Tbk. Iwan also advises leading private equity firm Kohlberg Kravis Roberts & Co. L.P. (KKR) in their investments in Indonesia.


Iwan’s professionalism in aligning his client’s needs and objectives and his competency in delivering high quality results have earned him recognition from leading legal publications such as International Financial Law Review (IFLR) 1000, Chambers and Partners, Asian-Mena In- House Counsel and the Legal 500 Asia Pacific. Iwan is also in the 2020 Top 100 Lawyers List in Indonesia by the Asian Business Legal Journal.


Iwan graduated from the Faculty of Law of the University of Padjajaran in 1991.