29 Jan 2021
ABNR Recognized as Global Top-100 Firm for Cross-border Restructuring & Insolvency by GRR

ABNR has once again been recognized as one of the world’s top 100 law firms for cross-border restructuring & insolvency work by specialist international legal publication Global Restructuring Review (GRR). ABNR is one of only two Indonesian law firms to be so recognized.

The full GRR 100 is available at https://globalrestructuringreview.com/survey/grr-100/2020

This latest recognition for ABNR adds to the long list of other accolades that our Restructuring & Insolvency Dept. has received in recent years. For example, we were named “Restructuring & Insolvency Law Firm or the Year” at the 2018 and 2019 Asian Legal Business Indonesia Law Awards, and as a “Best Overall Law Firm for Restructuring & Insolvency” at the 2019 and 2020 Asia Business Law Journal (ABLJ) Indonesia Law Firm Awards

We are ranked as a Tier 1 firm for restructuring & insolvency by Legal 500 Asia Pacific (2021 edition), which includes ABNR Foreign Counsel Theodoor Bakker in their “Hall of Fame” for this practice area, while partner Kevin Sidharta is listed as a “Next Generation Partner”, meaning that ABNR accounts for two of the four lawyers ranked by Legal 500 for restructuring & insolvency in Indonesia.

Meanwhile, IFLR 1000 recognizes ABNR partner Emir Nurmansyah as a “market leader,” and Theodoor Bakker, Kevin Sidharta and partner Freddy Karyadi as “highly regarded” practitioners for Restructuring and Insolvency.

Over the years, we have been involved in virtually all high-profile / high-value restructuring and insolvency proceedings in Indonesia, including the USD 2 billion debt restructuring of PT Berlian Laju Tanker Tbk in 2012-2013, when we represented various vessel-lessor and shipowner creditors in the Indonesian court-sanctioned debt restructuring process. Subsequently, in 2014-2015, we represented MLA lender KKR in what became Indonesia’s first ever out-of-court amendment of a court-approved restructuring plan.

We were also heavily involved in the USD 4.5 billion global debt restructuring of Bumi Resources, when we represented various creditors, bondholders/noteholders and trustees, including China Development Bank (one of Bumi’s largest creditors), Madison Pacific Trust Ltd and Pathfinder Strategic Credit LP. This was Southeast Asia’s largest debt restructuring deal of 2016/2017 and one of the most complex deals ever of its kind in the region.

ABNR has particular expertise in aviation industry restructurings and insolvencies, having represented various aircraft-lessor creditors in two of the largest ever such matters in the region, namely, the Indonesian court-sanctioned debt restructuring of PT Mandala Airlines and the PT Metro Batavia insolvency.

For more information on ABNR, please contact:

Mr. Emir Nurmansyah (enurmansyah@abnrlaw.com);

Mr. Agus Ahadi Deradjat (aderadjat@abnrlaw.com); or

Mr. Nafis Adwani (nadwani@abnrlaw.com).