Denny Rahmansyah, a supervising partner of SSEK’s bankruptcy and debt restructuring practice, and Mahareksha Singh Dillon, an associate at the firm, have contributed the Indonesia chapter to the Thomson Reuters Practical Law Restructuring and Insolvency Global Guide.
Denny and Mahareksha provide a high-level overview of the restricting and insolvency regime in Indonesia. They discuss, among other topics, the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; and proposals for reform.
Please find the chapter on the restructuring and insolvency regime in Indonesia.
SSEK Legal Consultants is a leading full-service corporate and commercial law firm based in Jakarta, Indonesia. Since its founding in Jakarta in 1992, SSEK has grown to one of the largest and most highly regarded corporate law firms in Indonesia. SSEK is recognized by independent legal directories including Chambers & Partners, The Legal 500 and Asia Law as a leading law firm in Indonesia across all major practice areas including banking and finance, capital markets, corporate law and mergers and acquisitions, construction and real estates, energy and natural resources, IT and telecommunications, labor and employment, project finance, restructuring and insolvency, and shipping. SSEK has been named the Indonesian Law Firm of the Year on multiple occasions.