Our Restructuring and Insolvency team is well known and regarded, in particular in the Indonesian market, for representing large corporate borrowers as lead counsel in complex debt restructurings.
As borrower’s counsel, we regularly act opposite international banks and funds, with a singular focus on achieving the borrower’s goals in the restructuring, which we pursue vigorously in order to protect their interests.
We have experience with both court-supervised restructurings, including PKPU proceedings in Indonesia and out of court consensual arrangements with creditors. We are typically called upon by our clients to restructure all of their debts simultaneously, including syndicated bank loans and international bonds. We work closely with trustees (BNYM, Citibank) and clearing systems (DTC, Euroclear and Clearstream) for amending and/or exchanging existing securities and the issuance of new securities. A complex restructuring requires a combination of a strategic thinking and an understanding of the commercial and legal issues that are involved.
Working closely with the London Insolvency and Restructuring team, we are also able to offer insolvency advice and represent parties in cross border disputes that arise out of financial distress. Where necessary we call on our London based specialists in asset recovery, cyber and white collar crime. We frequently use freezing orders, search and seize orders and disclosure orders to achieve our clients’ objectives. Our work is also underpinned by our in-house investigatory and eDiscovery capabilities.