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25 Oct 2018
Insight
Australia, Indonesia, Asia-Pacific
The Asia-Pacific Restructuring Review 2019 provides exclusive insight from local practitioners in 10 different Asia-Pacific jurisdictions. Herbert Smith Freehills and Hiswara Bunjamin & Tandjung authored the Australian and Indonesian chapters (respectively) for the Asia-Pacific Restructuring Review 2019.
In these chapters, we outline key developments in the Australian and Indonesian restructuring market over the last 18 months, including analysis on landmark cases in Australia as well as discussing criticisms of the Indonesian Bankruptcy Code.
Australian chapter
Australia’s restructuring landscape has experienced significant developments in recent years. This has included several major legislative reforms, a number of high-profile restructurings (many involving schemes of arrangement) and other ground-breaking case law developments. This chapter summarises these recent developments and provides some insights as to possible trends in Australian restructuring in the near future.
By Paul Apáthy, Margaret Fong and Daniel Stathis.
An extract from GRR’s The Asia-Pacific Restructuring Review 2019, first published in October 2018. The whole publication is available here.
Indonesian chapter
Whilst the Indonesian Bankruptcy Code has been a useful regime for foreign lenders to enforce their security against Indonesian debtors, numerous questions have been raised in relation to the Indonesian bankruptcy and debt moratorium process. Common criticisms of application of the Code include: lack of transparency, inconsistent application and varying interpretations of the Code itself.
By Debby Sulaiman.
An extract from GRR’s The Asia-Pacific Restructuring Review 2019, first published in October 2018. The whole publication is available here.
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