Indonesia – Insolvency & Restructuring


14th Floor, Mayapada Tower

Jl. Jend. Sudirman Kav. 28

Jakarta 12920


Tel: 62 21 30416700, 5212038, 5212130

Fax: 62 21 5212039




Firm Profile


SSEK advises banks and borrowers on corporate debt restructuring, preparing and negotiating restructuring agreements and related documents, and advising on insolvency matters.


We are a top-tier firm in this sector, including being recognized by Asian-MENA Counsel as a Restructuring & Insolvency Firm of the Year for Indonesia, and our work has most recently brought us Deal of the Year honors for advising on the restructuring of PT Arpeni Pratama Ocean Line Tbk. This was one of the most complicated debt restructurings in the history of Indonesia, involving a company holding Indonesia’s largest fleet of bulk carriers, with ships operating in both Indonesian and international waters through SPV subsidiaries, domestic and foreign debt including US dollar bonds, rupiah bonds, rupiah sukuk bonds, secured ship facilities, working capital lenders and trade creditors. The restructuring included debt restructuring, Indonesian bankruptcy and Suspension of Debt Payment Obligation (PKPU) proceedings, an arbitration in which SSEK represented Arpeni, US Chapter 15 proceedings and capital raising.


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