SSEK Law Firm acted for several creditors in the US$9.8 billion debt restructuring of flag carrier Garuda Indonesia, one of the largest and most complex suspension of debt payment obligation (PKPU) proceedings in Indonesian history.
SSEK’s clients in the PKPU process included maintenance, repair and operations (MRO) vendors, including a leading multinational aerospace company.
The SSEK team included senior partner Ira A. Eddymurthy, partners Fitriana Mahiddin, Mahareksha Singh Dillon and Nico A. P. Mooduto, and foreign legal advisor Michael S. Carl. Associates Dimas Indartono, Indrawan Dwi Yuriutomo, Joseph Hendrik and Farrah Azizah Habibie also worked on this matter.
