ABNR’s USD 9.6-billion Garuda Indonesia restructuring deal was named International Financial Law Review (IFLR)’s Restructuring Deal of the Year 2023 at a glittering ceremony in Singapore on Wednesday, March 22.The deal, which was one of the largest ever court-sanctioned restructurings in Southeast Asia, was approved by the court in June 2022.

The ABNR team was headed by partner Mr. Emir Nurmansyahand included partner Mr. Kevin Sidharta, foreign counsel Mr. Theodoor Bakker, senior associate Mr. Bilal Anwari, and many other ABNR lawyers.

ABNR represented some 80 creditors, accounting for almost 50% of the total participating creditors, comprising many of the biggest names in the global aviation industry, including Airbus; Airbus Atlantic; ICBC Aviation Leasing; Avolon Aerospace Leasing; DAE (Ireland); SMBC Aviation Capital Limited; Aviation Capital Group LLC; Engine Leasing Finance Corporation; Export Development of Canada; Aircastle Singapore; CFM International; Standard Chartered Bank (Aviation Finance); Altavair; ITOCHU Corporation (Aerospace department); Goshawk; Fuyo General Lease. Co. Ltd; China Aircraft Leasing (CALC); Airborne Capital (UK); Macquarie AirFinance; China Merchants Bank Leasing; Air Lease Corporation; Rockwell Collins; Arinc Inc; B/E Aerospace (UK) Limited, Dubai Aerospace Enterprise; Anuvu (WOI); Total Engine Asset Management; Incheon Airport, and members of the ad hoc committees representing aircraft lessors and holders of Garuda sukuk.


More from ABNR Counsellors at Law