Restructuring & Insolvency
We offer a full range of services in the debt & corporate restructuring arena, including advice on the planning and implementation of capital reduction, recapitalisation and rescue schemes, financial sector takeovers, global asset recovery measures, mergers, creation of new entities, compromise schemes, demergers, buyouts, preparing documents and agreements, and ensuring statutory and regulatory compliance.
Being a full service law firm, we are also able to offer cross-cutting expert assistance on associated aspects, such as pensions, redundancy, tax, intellectual property, and asset valuation.
As an AHP client, you will benefit from our unparalleled expertise in the this practice area arising from the experience gained by many of our senior lawyers as advisors or counsel to the Indonesian Bank Restructuring Agency (IBRA), a body established to restore the country’s banking and corporate sector to health in the wake of the Asian financial crisis of 1997/98.
In fact, three of our partners were either employed directly or indirectly as advisors by IBRA, meaning that our clients not only benefit from our legal experience and expertise in this practice area, but also from an in-depth knowledge of the nuts and bolts of financial and corporate restructuring gained during the height of the Asian crisis, when many of Indonesia’s major business groups went to the wall.
Indeed, our managing partner, Mr. Ahmad Fikri Assegaf, was a key advisor to the agency on corporate debt restructurings, financial sector takeovers and recapitalisations, global asset recovery measures, and the creation of Bank Mandiri through the merger of a number of ailing state banks (Mandiri is now the country's largest bank).
Recent highlights in this practice area include advising the Indonesian deposit insurance agency on the restructuring of ailing banks, assisting one of the country’s biggest agrifood groups with a major internal restructuring, representing a chemicals producer in a USD 1.2 billion share-swap deal to create a new publicly listed petrochemicals company, and advising a state-owned bank on restructuring the debt of one of its major borrowers.