Foreign lenders struggle for recourse in Indonesian restructures

• Autores: Brian Yap
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 25 (6/27/2016), 2016
• Idioma: inglés
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• Resumen

  • The article discusses the difficulty faced by foreign lenders in seeking legal recourse against their onshore borrowers due to regulatory hurdles in Indonesian restructures. Topics include enforcement of the Berlian Laju Tanker restructuring deal done through private shares, the lack of security coverage of offshore lenders that onshore lenders tend to have, and the minimal risk to foreign investors posed by the law that requires onshore borrowers to transfer cash through local accounts