ABNR Counsellors at Law is adept at providing the full range of expertise to clients tackling insolvency and restructuring issues, with the ability to represent creditors as well as insolvent parties across a variety of industries. The firm holds a strong presence within corporate business as well as with aerospace and aviation companies. Spearheaded by Emir Nurmansyah, and with close support from Theodoor Bakker and Bilal Anwari, the team is skilled in negotiation and advising settlement agreements for foreign and domestic companies, handling some of the largest mandates within the current market. Beyond this, it has an extensive advisory offering to clients during the insolvency period, ensuring the debtor’s compliance with repayment plans and managing the process of asset liquidation.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is well placed to provide a solid restructuring and insolvency offering to clients within the APAC region and worldwide. It routinely oversees the regulatory compliance of debt repayment per international laws, protecting the interests of both creditors and insolvent parties. Debby Sulaiman takes the lead within the team, with reputable experience in handling complex disputes ranging from civil litigations and out-of-court settlements to court-supervised debt restructuring. Tjahjadi Bunjamin heads the financial practice, lending him experience in the transfer and sale of assets and loans. Hanny supports the team in domestic and cross-border restructuring matters for local and multinational companies.

SSEK Law Firm is well equipped to handle a range of mandates across the restructuring and insolvency sector, advising clients on debt restructuring processes, handling dispute work and delivering legal support to the insolvent tackling bankruptcy and liquidation processes. With support from the firm’s wider corporate and M&A team, the team is strong in providing local counsel to foreign firms within the Indonesian market, particularly in financial restructuring plans following cross-border acquisitions. The firm acts for clients in the financial services and logistics arenas, as well as working with emerging technologies such as fintech and e-commerce. Dewi Savitri Reni leads the team alongside Ira Eddymurthy and close support is provided by Mahareksha Singh Dillon. The team also possesses expertise in regulatory work, coordinating with financial authorities to ensure multi-jurisdictional legal compliance during the restructuring process.

Walalangi & Partners in association with Nishimura & Asahi coordinates restructuring plans and loan financing for its extensive client base, including Japanese companies across sectors such as logistics, real estate and automotive. The firm is proficient in working across several entities and subsidiaries to organise comprehensive restructuring plans for multinational companies. The team is also sought out for their ‘profound understanding of complex regulations’ and ensures compliance with international laws. Luky I. Walalangi heads the restructuring and insolvency team alongside specialising in M&A, finance and real estate. Miriam Andreta holds experience in the same areas as well as handling sophisticated antitrust mandates. Jeanne Elisabeth Donauw also provides support on corporate restructurings, particularly in the consumer goods and TMT industries.

Assegaf Hamzah & Partners is led by Ibrahim Sjarief Assegaf, who possesses a wealth of financial knowledge to advise corporate institutions and businesses facing insolvency and debt restructuring matters. Support is provided through Eri Hertiawan, the co-head of the firm's dispute resolution group, who handles contentious cases of financial difficulty in court with a particular focus on shipping and aviation law. The wealth of expertise, bolstered further by Tracy Tania and her specialities in insolvency and cross-border financing transactions, enables the firm to attend to a range of financial issues across the restructuring process, not limited to the implementation of turnaround strategies, conducting due diligence reports on restructuring plans and submitting standstill proposals on debt repayments.

Hadiputranto, Hadinoto & Partners handles an array of matters within the insolvency and restructuring arena, advising both creditor and debtor during restructuring, bankruptcy or liquidation processes. The firm holds a presence within financial services, the energy market and the aviation industry. Andi Yusuf Kadir runs the department in turn with the dispute resolution team, and his combination of expertise equips him to handle complex and contentious restructuring proceedings that span across multiple jurisdictions and industry sectors including insurance, construction and financial services. Indri Pramitaswari Guritno provides support in advising creditors and insolvent parties on their debt restructuring issues.

Makarim & Taira S. showcases a strong track record in contentious insolvency matters, leading negotiations for settlements and loan deals as well as handling disputes over delayed payments. The firm is led by Rahayu Ningsih Hoed, whose expertise spans across M&A, arbitration and project financing. Ruby Andreas Sitorus supports the team with his knowledge of arbitration and dispute resolution. The team is skilled in providing local and foreign companies with advisory support through the liquidation process, with an effort to protect shareholder interests. Lia Alizia departed from the firm in October 2024.

FKNK Law Firm is skilled in handling settlement agreements and repayment delay issues for clients particularly within the corporate finance sector and state-owned enterprises. The firm is sought out for its expertise in the PKPU process, handling formal restructuring processes and the negotiations involved within composition plans. Highly praised practice head, Martin Patrick Nagel, possesses impressive knowledge of commercial disputes, transactions and the debt restructuring process. Noted for his ‘collaborative communication style’, Nagel leads his team in handling cases for creditors or the insolvent as well as keeping stakeholder interests a priority. Alongside him, Ichsan Perwira Kurniagung and Aldi Firmansyah have experience in corporate law, advising clients through complex litigation processes.

Ginting & Reksodiputro in association with A&O Shearman provides its corporate client base with expert legal counsel in debt restructuring and sales of non-performing loans. The firm takes a holistic approach in providing representation and support throughout all aspects of the restructuring transaction, working with many state-owned enterprises and conglomerates across the manufacturing and financial sectors. Daniel Ginting leads the team with his expertise in structured financing transactions and debt restructuring, whilst Tarsis Halintar handles the court-sanctioned restructuring processes with support from Rivan Supriadi.

Hutabarat Halim & Rekan routinely handles issues such as the liquidation of subsidiaries of multinational companies and the dispute work involved in the PKPU process of debt postponement. Pheo Hutabarat and Rosna Chung have experience in banking and finance, aiding the firm’s ability to support insolvent parties within the corporate sector. Asido M. Panjaitan is proficient in dealing with complex debt restructuring transactions whilst Yuris A. Hakim leads the charge on commercial dispute practice. Bunga Wijayanti, Fathan Nautika, Luthfi I. Putera and Pardamean Kurniawan are also key contacts.

With expertise in commercial disputes and bankruptcy mandates, Triangga Kamal leads the team at KYORA Law Firm with intellectual prowess. The firm has a cross-border presence in the APAC region as it represents both creditors and debtors in insolvency and restructuring programs, as well as handling the litigation process in the suspension of debt repayments and negotiating settlement deals in court. Clients of the firm are spread across the sectors of financial services, construction and real estate.

TNB & Partners in association with Norton Rose Fulbright has a strong affiliation with the aviation sector, as well as chemical, petroleum and agricultural industries, for which they provide legal counsel for bankruptcy issues and restructuring of subsidiaries. Tasdikiah Siregar leads the team with his specialism in restructuring aircraft leases, alongside knowledge in asset finance and loan restructuring. Kresna Panggabean is adept in handling the suspension of debt repayments and mandates that involve commercial dispute resolution.

TnP Law Firm are adept in providing legal counsel to corporate businesses and institutions in need of financial restructuring. The firm is active in asset transfers, settling non-performing loans and restructuring loan facilities. As the founding partner, Rambun Tjajo heads the team alongside Melissa Butarbutar and Ken Prasadtyo, with specialisms in M&A and debt restructuring. Frans Sihasale is also a key contact in the group.