ABNR Counsellors at Law has advised on a number of complex bankruptcies in the region involving court supervision, objecting bondholders and corruption charges. Emir Nurmansayah leads the practice and has been notably active in bankruptcies involving the natural resources sector. The practice has particular insight in this space through its restructuring and insolvency specialist Theodoor Bakker, who has advised on foreign law issues of bankruptcy reform in Indonesia.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is led by disputes and restructuring specialist Debby Sulaiman who has advised on restructurings and bankruptcies both inside and outside of the courts and is particularly strong in handling matters involving multiplied jurisdictions. Her recent engagements have involved court supervised debt restructurings and NPL works involving Asian, European and Middle Eastern regions.

SSEK Legal Consultants is well known for court-supervised debt restructurings and arbitration, corporate restructurings, and is a leading firm for handling non-performing loans. Michael Carl is an important figure in the market and highly skilled in complementary areas such as banking and corporate law. Dewi Savitri Reni is another key name noted for her particular experience in the automotive and oil and gas sectors.

Assegaf Hamzah & Partners has partners from its banking and finance and dispute resolution teams that regularly advise on major restructuring and insolvencies, more specifically in takeovers, recapitalisations and asset recoveries. Banking and finance head Ibrahim Sjarief Assegaf has been advising on debt restructuring, the suspension of debt payments, as well as the restructuring of a Sharia financed structure. Litigator Eri Hertiawan works alongside the team when the bankruptcy goes to arbitration or litigation.

Makarim & Taira S. advises on bankruptcy, restructuring, and insurance liability issues. Leading the team is Lia Alizia, who is very strong in advising multinational companies on restructuring issues. Kurniawan Tanzil, who heads the banking and finance team, is also very experienced in handling debt restructurings.

Walalangi & Partners (in association with Nishimura & Asahi) has a carved a niche in its largely Japanese client base, often advising them in relation to Indonesian debtors. Leading the team is managing partner Luky I. Walalangi, whose has a very broad skillset across banking and corporate law which includes acting on restructuring and insolvencies.