Indonesia > Restructuring and insolvency
Index of tables
Restructuring and insolvency
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Leading Individuals
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- Wahyuni Bahar Bahar & Partners
- Theodoor Bakker Ali Budiardjo, Nugroho, Reksodiputro
- Emir Kusumaatmadja Mochtar Karuwin Komar
- Timur Sukirno Hadiputranto, Hadinoto & Partners
Wahyuni Bahar’s team at Bahar & Partners leverages of solid banking and finance practice to advise mainly international clients. The team has particular experience advising telecoms companies.
Hadiputranto, Hadinoto & Partners recently advised a subsidiary of Accenture as a creditor in a $29m suspension of payment proceedings by Mandala Airlines. Timur Sukirno’s team that also advised facility services company ISS Indonesia in an out of court settlement relating to a contractual dispute that resulted in bankruptcy proceedings being brought against the client.
Lubis Ganie Surowidjojo has a strong pedigree in bank restructuring matters and has previously advised the Indonesian Bank Restructuring Agency (IBRA). Mohamed Idwan (Kiki) Ganie is the main contact.
Mochtar Karuwin Komar recently advised several international leasing companies in connection with the bankruptcy proceedings of Adam SkyConnection Airlines. Other highlights included advising a major international leasing company and a group of aircraft maintenance companies in the suspension of payment proceedings by Mandala Airlines. Mulyana is the main contact.
Ali Budiardjo, Nugroho, Reksodiputro draws on its excellent banking and finance reputation to advise both borrowers and lenders on insolvency law. The team also provides local law assistance and external debt restructuring advice to steering committees to large troubled debtors.
Hanafiah Ponggawa & Partners advises natural resources companies on restructuring matters. Andre Rahadian is recommended.
Hiswara Bunjamin & Tandjung is noted for its debt restructuring advice to lenders and creditors. Tjahjadi Bunjamin and David Dawborn are recommended.
Rosna Chung is the main contact at Hutabarat Halim & Rekan that recently advised Indomobil Sukses in the restructuring of a loan and a debt equity swap with Tritunggal Intipermata.
Makarim & Taira S. recently represented Korea Securities Finance Corporation on the bankruptcy of Arpena Pratama Ocean Line.
The well-regarded team at Melli Darsa & Co. draws on its strong banking and finance and capital markets practices to advise on major debt restructurings. In recent years the practice has been kept busy advising on the disputes resulting from the SPV guaranteed bonds that were marketed during the Asian financial crisis. Previous clients of the group have included Asia Pulp & Paper Group and Bank Mandiri.
Soemadipradja & Taher recently advised Proton Cars on several corporate matters, including its restructuring. Retno Muljosantoso is the main contact.
Ira Eddymurthy’s team at Soewito Suhardiman Eddymurthy Kardono recently advised on the debt restructuring of an international shipping company, which included the restructuring of US bonds and local Sukuk bonds and advising on related litigation.
Enrico Iskandar is the main point of contact at Bastaman Enrico Bagus, and has experience in debt restructurings in the hotels sector. The team recently advised Barclays on its exit from the local retail banking market, including the liquidation of the Barclays Bank Indonesia subsidiary.
Christian Teo Purwono & Partners draws on its corporate expertise to regularly advise on restructurings. Practice head Christian Teo recently advised Paspaley Pearling Company on regulatory issues in connection with the restructuring of its local subsidiary.
Standout matters for Hadromi & Partners included advising on the capital restructuring of Toba Jaya, the local subsidiary of a Malaysian company.
Iswahyudi Karim leads a team at KarimSyah that is experienced in debt restructurings. Previous clients include the former Bank Restructuring Agency and lenders.
Ricardo Simanjuntak & Partners has an excellent reputation for bankruptcy and insolvency. Previous clients of the firm have included Orix Indonesia Finance. Founder Ricardo Simanjuntak is former chairman of the Indonesia Receiver and Administration Association (AKPI).