Restructuring/Insolvency

About

Provided by Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills Kramer

Our bankruptcy and restructuring practice is one of the most experienced and successful in Indonesia and is highly regarded for its work with domestic and international clients in the most complex and significant informal financial restructurings and work outs, court-supervised debt restructuring, bankruptcy and insolvency. 

As part of Herbert Smith Freehills Kramer’s Southeast Asia restructuring practice, we offer unparalleled cross-border and local law capabilities, acting for some of the largest and most high-profile debtors, lenders and insolvency practitioners globally.

We are trusted by clients across sectors, including construction, energy, oil and gas, mining, aviation, shipping, infrastructure, real estate, financial services and TMT. This deep understanding of our clients' businesses sets us apart from our peers.

Our recent work highlights include acting for:

• multiple lessors on the court-supervised debt restructuring (PKPU) of Garuda Indonesia and the proposed repossession and redelivery of aircraft on lease to Garuda, including overseeing implementation of the Garuda composition plan ratified by the Commercial Court, and working with our clients to ensure the airline fulfills its repayment plan
• Credit Suisse AG, Singapore in the PKPU and bankruptcy of Indonesian real estate company PT Bina Bangun Mandiri