Use SG (& other offshore jurisdictions) to restructure Indonesian companies

This webinar takes place from 4pm to 5:10pm (Singapore time) on Monday, 29 March 2021.

Members of the Singapore Academy of Law (SAL) who want to take advantage of their SAL credit dollars can sign up at https://www.sal-e.org.sg/use-sg-other-offshore-jurisdictions-to-restructure-indonesian-companies. Do note SAL's system is unable to cater to promo codes if you hold any.

Overview

Singapore is emerging as the choice jurisdiction for some Indonesian companies looking to restructure their debts, utilizing Singapore’s Insolvency, Restructuring and Dissolution Act. However, concerns exist as to how effective Singapore is for Indonesian restructurings. Why are Indonesian companies looking to restructure in Singapore? In which situations does a Singapore restructuring work well (or not at all)? What are the alternatives to using Singapore?

Organised by the Asian Business Law Institute and INSOL International, this webinar will look at some of these interesting questions with speakers working on the ground in Indonesia and Singapore. It will include discussions of:

• Singapore as the centre of fundraising activities for Indonesian companies

• PKPU proceedings (Indonesia’s restructuring regime)

• Singapore’s Insolvency, Restructuring and Dissolution Act

• Interaction between Indonesian and Singaporean proceedings

• First-hand accounts from practitioners active in the restructuring of Indonesian companies, such as PT MNC Investama

When is this webinar scheduled?

This webinar will take place from 4pm to 5:10pm (Singapore time) on Monday, 29 March 2021.

Please be mindful of the time difference if you are joining from outside of Singapore.

Who will be speaking at this webinar (in alphabetical order)?

Tahirah Ara (Singapore)

Managing Partner, Singapore and Head of Asia, Mishcon de Reya LLP

Tahirah is the Managing Partner of the Singapore office of Mischon de Reya and the Head of its Asian practice. She acts as lead counsel for clients in cross-border M&A transactions, joint ventures and financing transactions, including acquisition financings, receivables-backed financings, high yield syndicated loans and debt restructurings. She has been lead counsel to borrowers in some of the largest debt restructurings in Southeast Asia, including for PT Bumi Resources Tbk., one of the largest coal exporters in the world in its successful US$4.5 billion debt restructuring.

Tahirah is qualified in both the UK and Singapore and her practice has a particular focus on Indonesia. Tahirah has been recognised for expertise in restructuring matters and commended for being “commercially minded in her approach” and for her “extensive experience in the Indonesian market” by The Legal 500. She has been identified by the Global Restructuring Review as one of the “Names to know in Indonesia” and one of the most prominent women in its report on “Women in Restructuring 2019”. She is also a member of the INSOL Younger Members Committee.

Michael S. Carl (Jakarta, Indonesia)

Senior Foreign Legal Advisor, SSEK Legal Consultants

Michael S. Carl is an international legal advisor at SSEK Legal Consultants, where he leads the firm’s restructuring and insolvency practice. His practice is oriented towards debt restructurings, cross-border M&A transactions, banking and finance transactions, including project financings in the natural resources sector, and transactional and advisory work in Indonesia’s burgeoning tech sector.

Michael led the team acting as Indonesian counsel in the debt restructuring of PT Arpeni Pratama Ocean Line, involving a debt restructuring, Indonesian bankruptcy and PKPU proceedings, SIAC arbitration over a bank credit and disposition of security and U.S. Chapter 15 proceedings and capital raising. He also acted for the secured offshore syndicated lenders in the PT Berlian Laju Tanker Tbk (BLT) PKPU and for the cooperating US bondholders in the PT Bakrie Telecom Tbk PKPU.

Michael is recognised by The Legal 500 Asia Pacific and IFLR1000 as a leading lawyer in Indonesia for restructuring and insolvency. He is recognised by Chambers & Partners for Indonesian banking and finance, corporate/M&A, projects and energy, and real estate.

Michael received his J.D. in 1994 from the University of California at Berkeley (Boalt Hall) School of Law. He earned an S.H. (the equivalent of an LL.B.) in Indonesian law in 2012 from Atma Jaya University, Jakarta, where he was first in his class. He is fluent in Indonesian.

Meiyen Tan (Singapore)

Partner and Head of Restructuring & Insolvency, Oon & Bazul LLP

Meiyen is the Head of Oon & Bazul’s Restructuring and Insolvency Practice.

The first female to lead a restructuring and insolvency legal practice in Singapore, Meiyen practices mainly in cross-border disputes, consensual and non-consensual insolvency and restructuring, corporate fraud and investigations. She sits on the board of directors of both the International Women's Insolvency and Restructuring Confederation (IWIRC), as well as the Singapore chapter of the Turnaround Management Association. She is also a member of the Committee of the Middle Temple of Singapore and INSOL International Asian Advisory Council.

Meiyen is ranked by Chamber and Partners and has received accolades and recognition from various other publications, including: "Names to know in Singapore" by the Global Restructuring Review, a Litigation Star and Dispute Resolution Star by Benchmark Litigation Asia-Pacific for her work in insolvency and Distinguished Practitioner by the Asialaw Leading Lawyers.

Is this webinar accredited for continuing professional development (CPD) points for Singapore-admitted lawyers?

This webinar has been accredited for 1 public CPD point. Attendees who wish to claim CPD points are reminded to provide their AAS numbers or other number issued by the Singapore Institute of Legal Education (SILE) during registration. You are required to strictly follow the attendance policy of SILE before CPD points can be awarded. Please refer to www.sileCPDcentre.sg for more information.

I am a member of the Singapore Academy of Law (SAL), and would like to use my SAL credit dollars to sign for the webinar. How do I do so?

SAL members who want to take advantage of their SAL credit dollars can sign up at https://www.sal-e.org.sg/use-sg-other-offshore-jurisdictions-to-restructure-indonesian-companies. Do note that if you sign up there, you will receive an invoice generated by SAL. SAL is a GST-registered organisation. ABLI does not charge GST and will absorb GST on its own for registrations via SAL.

If you are from any of ABLI's Founding Partners and would like to enjoy the discount to which you are entitled, you will need to sign up on Eventbrite as SAL's system does not cater specifically to such arrangements.

This is the same case if you have received any special promo code directly from ABLI or the co-organiser.

How do I register for this webinar?

To register for this webinar:

Step 1: Purchase a ticket here on Eventbrite, and make sure you enter the correct email address to receive the webinar registration link that will be sent to you separately;

Step 2: Once ABLI is notified of your ticket purchase, we will email you a separate link for you to sign up for the Zoom webinar in advance. This is mandatory as the webinar link sent to you is unique and manual approval of your webinar registration ensures that your attendance can be recorded at the back-end for CPD purposes.

Step 3: After your sign-up is approved by the organiser, simply follow the instructions indicated in the approval email to attend the webinar on 3 March 2021. Please be punctual as the system captures your log-in time, which is especially relevant if you are claiming for CPD points.

Please be mindful of the time difference if you are joining from outside of Singapore.

What if I am unable to attend this webinar after registration? Are the fees paid refundable?

Unfortunately, the payments made are not refundable. If you are unable to attend the webinar, we request that you let us know as soon as possible so that we can let you transfer your slot to your colleague.

I am interested in this webinar but unable to make it for the live session. If I register, will a recording be made available to me?

Yes, a recording of the webinar can be made available upon request via a private link, though it is important to bear in mind that viewing the recording will not entitle you to CPD points.

Are the fees payable inclusive of GST?

No. ABLI is not GST-registered, and therefore does not charge GST.

Eventbrite sends me an order confirmation after registration, but I need a formal invoice so as to submit a webinar fee claim to my employer. How do I go about doing that?

Please write to catherine_shen@abli.asia. ABLI can issue a formal e-invoice to you for expense claim purposes upon receiving your request.

Who can I contact if I have more questions?

Please write to catherine_shen@abli.asia for any query you may have about this webinar.