• A Short Profile of Pramudya A. Oktavinanda

    An Indonesian capitalist lawyer with PhD in Law and Economics and Islamic Law from University of Chicago Law School, an avid reader, a devoted gamer, a sushi lover, a part time traveler, and a day dreamer. I obtained my undergraduate degree in law (SH) from the Faculty of Law, University of Indonesia focusing on Business Law, Procedural Law and Islamic Law, and was named as its Best Outstanding Student in 2004. I later received my master degree in law (LLM) from the University of Chicago Law School in 2012, concentrating on Law and Economics and Corporate and Securities Laws, and then my Doctor of Jurisprudence degree (PhD) from the same university in 2018 under the supervision of Prof. Anup Malani and Prof. Tom Ginsburg. My dissertation titled "Interpreting Immutable Legal Texts: The Posnerian Pragmatism of Islamic Law" discusses the inherent pragmatism and consequentialist way of thinking embedded in the Shari'a and how they affect the interpretation of Shari'a provisions under the assumption that it is a perfect law.

    I currently serve as the Managing Partner of UMBRA-Strategic Legal Solutions, a full service law firm located in Jakarta, Indonesia. In a career spanning over 18 years, I have represented major governmental, local and international clients in some of the largest and most sophisticated national and cross border transactions consisting of public offerings of equity and debt securities (covering local and international offerings under Rule 144A/Reg S of the US Securities Act of 1933), private placements, mergers and acquisitions of public and private corporations, joint ventures, corporate, debt and pre-IPO restructuring, financial engineering, Islamic financing, and EPC and O&M contracts drafting and negotiation. My experience includes more than 300 deals with a combined value of at least US$27.5 billion.

    My core industry areas include telecommunication, broadcasting, digital technology, data analytics, power, renewables, infrastructure, and state-owned enterprises. While still an associate, I was listed in the 2014 edition of Legal 500 as a notable lawyer with clients praising me as “proven to be capable and helpful”. I am one of the youngest lawyers to be consecutively recognized in the Asian Business Law Journal 2018’s, 2019’s, and 2020's top 100 Indonesian lawyers, nominated as the youngest ever “Deal Maker of the Year” by Asian Legal Business in its 2018 and 2019 Indonesian Law Firms Award, and recognized as a “Highly Regarded – Leading Lawyer” for M&A and Capital Market Transactions in IFLR 2019 and IFLR 2020 and “Distinguished Practitioner for M&A and Capital Market in Asia Law 2020. 

    My main academic interest is the application of economic analysis in the following areas of law: long term contracts, complex dispute settlement, white-collar criminal activities, corporate law (with special emphasis on joint venture and M&A transactions), Islamic law and finance, and legal interpretation. I am also interested with public choice, namely, the application of economic, game theory, and political science analysis in understanding how legislators, judges and government behave within a legal system, including in promulgating new laws and interpreting existing regulations. 

    On economic system, I believe that capitalism with its free market concept is currently the best economic system which would enable the society to gain the most optimal prosperity and welfare. It's not the perfect system, but until someone can show me a better economic system, I will stick with capitalism. Hence, the reason why I call myself the Capitalist Lawyer. 

    On legal philosophy, I consider myself as a legal positivist. I view law as a social fact whose existence primarily depends on the society's acceptance and I see no good reason why the validity of a law should depend on the moral values contained in such law. However, it does not mean that a law cannot contain any moral values nor that a law cannot pursue certain policies goal such as the idea of efficiency and welfare maximization described by the Law and Economics school. Hence, what the law should be and what determines the validity of a law are two separate issues. 

    On being a lawyer, I believe that professionalism, intelligence, tenacity, relationship management, and dedication are the main keys for developing a lawyer's career to the next level, though all of them would be useless without first having a great passion to take the path of a lawyer's life. After all, the profession of lawyer is not an ordinary job, it is essentially a way of life.

    The Protection of Criminal Suspects in Law and Economics Perspective

    Forthcoming in Jurnal Teropong Edisi RUU KUHAP 2015 | 23 Pages | Posted: 10 May 2015 | Date Written: April 28, 2015

    Public Choice Theory and its Application in Indonesian Legislation System

    24 Pages | Posted: 8 Oct 2012 | Last revised: 8 Nov 2014 | Date Written: October 8, 2012

    Special Purpose Vehicle in Law and Economics Perspective

    Forthcoming in Journal of Indonesia Corruption Watch, 'Pemberantasan Kejahatan Korupsi dan Pencucian Uang yang Dilakukan Korporasi di Sektor Kehutanan', 2013 | 15 Pages | Posted: 22 Aug 2013 | Date Written: August 18, 2013

    Legal Positivism and Law and Economics -- A Defense

    Third Indonesian National Conference of Legal Philosophy, 27-28 August 2013 | 17 Pages | Posted: 22 Aug 2013 | Last revised: 3 Sep 2013 | Date Written: August 22, 2013

    Economic Analysis of Rape Crime: An Introduction

    Jurnal Hukum Jentera Vol 22, No 7 (2012) Januari-April | 14 Pages | Posted: 12 Nov 2011 | Last revised: 8 Oct 2012 | Date Written: May 7, 2012


    As the author of this site, I am not intending to provide any legal service or establish any client-attorney relationship through this site. Any article in this site represents my sole personal opinion, and cannot be considered as a legal advice in any circumstances. No one may use or reproduce by any means the articles in this blog without clearly states publicly that those articles are the products of and therefore belong to Pramudya A. Oktavinanda. By visiting this site, you acknowledge that you fully understand this disclaimer and agree to fully comply with its provisions.