Since the Insolvency and Bankruptcy Code, 2016 (the “Code”) came into effect in India in December 2016, over 200 applications have been filed under the Code. While various decisions have helped clear up some ambiguities, they have also raised more questions. Rulings of the National Company Law Tribunal and its appellate body, the National Company Law Appellate Tribunal, have opened discussions around interpretations of different provisions of the Code. In partnership with Shardul Amarchand Mangaldas & Co, Baker McKenzie Wong & Leow brought together a panel of regional restructuring & insolvency practitioners to facilitate a seminar that provided insights into how implementation under the Code is likely to evolve and the opportunities and challenges it will present. If you would like to download the informative and topical materials from this seminar, please click here.
Despite the rise in non-performing loans and defaults over the last 2 years, the Indonesian restructuring & insolvency regime has not kept pace with the current tide of restructuring reforms taking place in neighbouring jurisdictions such as Malaysia, Hong Kong and Singapore. As concerns about credit risk continue to persist in the market, and weigh on the financial sector in particular, it is important to examine the current status of the Indonesian restructuring landscape. In partnership with Hadiputranto, Hadinoto & Partners (a member firm of Baker McKenzie), Baker McKenzie Wong & Leow brought together our extensive experience in court-sanctioned debt restructuring processes (PKPU) and bankruptcy/insolvency litigation to provide insights into where the Indonesian restructuring & insolvency system stands today and the implications for domestic and foreign companies in the country through a seminar facilitated for clients. If you would like to download the informative and topical materials from this seminar, please click here.