Our Partner, Narada Kumara, alongside the Founding Partner of Legalexica, Anggia Rukmasari were the speakers at an ALSA Seminar on “Aviation Financing During the Covid-19 Pandemic from a Legal Perspective”. Specifically, he spoke on “Debt Restructuring in Aviation Industry”.
Narada explained that there are several mechanisms of Restructuring & Insolvency under Indonesian Law which includes but is not limited to out of court mechanisms such as corporate workout, company dissolution or court supervised mechanisms such as bankruptcy or postponement of debt payment obligations. In order to choose the most appropriate it is important to analyze key issues such as the number of debts and creditors, the debt-to-equity ratio or liquid assets.
We would like to thank ALSA LC Universitas Padjadjaran for having us and we look forward to their future events.