Restructuring/Insolvency
Asia-Pacific Guide 2024 : Indonesia
Band 2
About
Provided by Kyora Law Firm
Kyora Law Firm represents companies and creditors' committees in significant creditor restructuring initiatives and voluntary restructuring initiatives. Its reputation as an outstanding disputes practice is a direct result of the esteemed clientele it serves. This includes the representation of 18 syndicate lenders, which comprise international and Indonesian lenders, in the USD 330 million restructuring of PT Royal Industries arising from PKPU proceedings in Indonesia.
The Firm's highly skilled team consists mostly of individuals equipped with a Receiver and Administrator for Bankruptcy license from the Association of Indonesian Receivers and Administrators (Asosiasi Kurator dan Pengurus Indonesia / AKPI). This expertise enables them to guide clients through comprehensive restructuring strategies in landmark court-driven restructuring cases in Indonesia.
Chambers Review
Kyora Law Firm is a growing law firm in Jakarta that has considerable expertise within the restructuring and insolvency space in Indonesia. The firm acts for a range of clients, including individual creditors and groups of creditors, as well as debtor companies. The firm counts international and Indonesian financial institutions and corporates among its clientele, with examples such as Barata Indonesia, Taipei Fubon Commercial Bank and Bank CTBC Indonesia.
Work Highlights
- Kyora Law Firm represented members of the creditors' ad hoc committee of Pan Brothers, in relation to the implementation of schemes of arrangement that had been approved by the Singapore High Court.
Strengths
Provided by Chambers
"Kyora Law Firm are very creative in finding solutions to delicate matters, and the partners and associates have strong knowledge with good communication skills."
"They are able to handle complex matters and are fast to respond towards every enquiry that we raise."
"Kyora Law Firm are very creative in finding solutions to delicate matters, and the partners and associates have strong knowledge with good communication skills."
"They are able to handle complex matters and are fast to respond towards every enquiry that we raise."
Notable Practitioners
Triangga Kamal heads the firm's restructuring and insolvency practice and also has expertise in general litigation and employment. He represents creditors and debtors in PKPU proceedings in Indonesia.
"He has extensive experience in litigation with strong advocacy skills, and he is able to provide the best solution to us."