FKNK Law Firm has a ‘good understanding of the commercial side of restructuring and insolvency’ and is particularly active in the hospitality, shipping, and finance sectors. The practice is chaired by Martin Patrick Nagel, who is hailed by clients as a ’truly standout individual’. He is adept at handling the entire life cycle of a restructuring proceeding, acting for both secured and unsecured creditors. Aldi Firmansyah is an authority in contentious matters, while Ramos Romatua Sidjabat is recognised for his ability in asset transfer negotiations and debt payment postponements.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- 'This unique team has a seamless, integrated approach, drawing on specialists from across the firm without creating silos. This ensures clients get a holistic solution, not a piecemeal one.'
- 'They also have good understanding of the commercial side of restructuring and insolvency compared to other lawyers, which makes the solutions proposed more value -preserving and economic.'
- 'Martin Patrick Nagel is a truly standout individual whose reputation and expertise set him apart. His qualities are not just a reflection of the practice; they are a major reason for its success.'
- 'Martin has been involved in major restructuring deals, which directly reflects the firm's capabilities as a whole. This experience demonstrates his ability to handle high-stakes, complex, and high-profile matters, a quality that is highly valued by clients.'
‘Restructuring and insolvency cases are often not just about the insolvency law itself. They touch on corporate law, finance, litigation, tax, and employment law. They have also worked on a lot of major restructuring deals with various industry exposures such as aviation, textile and garment, media, manufacturing, etc. ’
Key clients
- PT Bank Negara Indonesia (Persero), Tbk.
- PT Dok & Perkapalan Kodja Bahari
- BNI Asset Management
- SC Lowy Financial (HK) Limited
- PT Bank Mega, Tbk.
- PT Mega Capital Sekuritas
- Ancora Group
- PT Narendra Interpacific Indonesia
Work highlights
Managed the administration for PT Adhi Persada Properti in a complex debt postponement case involving a staggering Rp 4.75 trillion and over 1,000 creditors, achieving a favorable restructuring and debt repayment process.
Navigated negotiations whilst acting for PT Dok dan Perkapalan Kodja Bahari (Persero), involving more than 70 creditors and a debt total of Rp 3.7 trillion, culminating in a successful settlement and debt repayment plan.
Facilitated a critical debt restructuring for PT Narendra Interpacific Indonesia, involving debts of Rp 4.47 trillion. The firm successfully orchestrated negotiations with a wide array of creditors, including major banks, achieving consensus and approval of the restructuring plan by a majority of creditors.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Martin Patrick Nagel
Other key lawyers
Aldi Firmansyah; Ramos Romatua Sidjabat