Corporate Restructuring, Debt Workouts and Distressed Situations
Nusantara DFDL Partnership advises multinational corporations, Indonesian companies, creditors, and financial institutions on restructuring and insolvency matters in Indonesia. Leveraging the DFDL network, we deliver integrated legal solutions across debt restructuring, PKPU proceedings, and distressed situations, combining local regulatory expertise with regional coordination.
Restructuring and insolvency in Indonesia are governed by a comprehensive legal framework, including bankruptcy law and Suspension of Debt Payment Obligations (PKPU) procedures, alongside regulatory considerations affecting corporate and financing structures.
Both multinational corporations and domestic companies must navigate creditor negotiations, regulatory compliance, and operational continuity when facing financial distress. These issues often arise alongside broader financing, corporate, and dispute-related considerations.
We advise across the full lifecycle of restructuring situations, from early-stage financial stress and informal workouts to court-supervised proceedings and recovery strategies. Our approach reflects the standards expected of top law firms in Indonesia handling complex restructuring mandates.
Debt workouts depend on timing, creditor discipline and realistic repayment plans. Nusantara DFDL helps negotiate standstills, amendments, collateral treatment and settlement structures before escalation.
PKPU processes require urgent strategy, claim review and voting preparation. Support covers petitions, restructuring proposals, creditor engagement and court-supervised timelines under Indonesian insolvency rules.
Bankruptcy risk affects directors, creditors and counterparties quickly. Advising on Law No. 37/2004 exposure helps clients assess practical options before formal insolvency consequences accelerate.
Distressed assets require careful diligence on title, security, claims, consents and insolvency clawback risk. Support helps buyers and sellers price uncertainty and close safely.
Creditors need coordinated positions on claims, collateral, voting, enforcement and settlement. Representation helps lenders, suppliers and investors protect recovery while avoiding fragmented stakeholder action.
For regional groups, Indonesian insolvency issues must align with offshore creditors, guarantees and enforcement. Regional DFDL coordination helps manage restructuring strategy across jurisdictions and timelines.
Restructuring often affects licences, filings, employment, tax and sector approvals. Advisory support helps preserve compliance while implementing urgent financial, operational or ownership changes quickly.
Afriyan Rachmad
Partner
Afriyan Rachmad advises multinational corporations, financial institutions, and Indonesian companies on restructuring, insolvency, and dispute resolution matters, including cross-border restructuring and distressed asset situations.
Practice Areas: Aviation & Logistics | Corporate and M&A | Dispute Resolution | Restructuring | Energy, Natural Resources and Infrastructure
SPEAK WITH Afriyan RachmadPKPU (Suspension of Debt Payment Obligations) is a court-supervised process that allows debtors to restructure their debts with creditor approval, providing temporary relief from enforcement actions.
Companies, including multinational corporations and Indonesian businesses, typically consider restructuring when facing liquidity constraints, debt repayment pressures, or operational challenges.
Options include informal negotiations, private settlements, court-supervised PKPU proceedings, and formal insolvency or bankruptcy processes.
Restructuring focuses on restoring financial viability, while insolvency involves formal legal processes, including bankruptcy proceedings.
Yes. Foreign creditors may participate, subject to applicable procedural requirements under Indonesian law.
A receiver is appointed to manage and liquidate the debtor’s assets for distribution to creditors in accordance with Indonesian insolvency law.
Yes. Distressed assets may be acquired through restructuring or insolvency processes, often supported by advisors recognised among best law firms for corporate and M&A in Indonesia.
Creditors should assess recovery strategies, enforcement options, restructuring proposals, and associated legal risks.
Timelines vary depending on complexity, stakeholder negotiations, and whether proceedings are informal or court-supervised.
Clients typically seek advisors with strong experience in insolvency law, creditor negotiations, and cross-border restructuring—capabilities associated with best law firms in Indonesia.
