Emir Nurmansyah, a senior partner at ABNR and a member of the firm’s management board, is one of the most respected and versatile lawyers in Indonesia today. After some 30 years in legal practice, he is a market-leading lawyer for restructuring and insolvency, projects, banking and finance, corporate and mergers and acquisitions, foreign direct investment, shipping, aviation, and technology, media and telecoms.
Most recently, he advised and represented the bondholders’ trustee as well as a machinery leasing company on the US$1.5 billion debt restructuring of Sritex Group and an international bank on the US$1.7 billion debt restructuring of the Duniatex Group, both of which are Indonesia’s biggest textile conglomerates. Previously, he acted for the China Development Bank (one of the largest creditors at US$600 million) in the US$4.5 billion Bumi Resources global debt restructuring, the largest such deal in Southeast Asia at the time and one of the most complex of its kind ever in the region.
He also advised the secured parties under PT Berlian Laju Tanker Tbk (BLT)’s approximately US$650 million Senior Secured MLA Credit Facility, including DNB Bank ASA, Singapore Branch, the facility agent and affiliates of KKR and York Capital, the largest lenders under the facility, in the second stage of BLT’s debt restructuring process in 2014–2015, which constituted the first ever out-of-court amendment of a court-approved restructuring plan under Indonesia’s PKPU regime. He is currently advising and representing numerous aircraft and engine lessors, manufacturers, and other aviation-related vendors and service providers in the ongoing US$13.8 billion debt restructuring of PT Garuda Indonesia (Persero) Tbk.