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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.

Click here to download the Australian Chapter

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.

Click here to download the Indonesian chapter

An extract from GRR’s The Asia-Pacific Restructuring Review 2019, first published in October 2018. The whole publication is available here.

Key contacts

Paul Apáthy photo

Paul Apáthy

Partner, Sydney

Paul Apáthy
Debby Sulaiman photo

Debby Sulaiman

Partner (Hiswara Bunjamin & Tandjung), Jakarta

Debby Sulaiman