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Restructuring

“Own your situation. Early.”
— Mark Chadwick

Restructuring is not just about waving a magic wand and fixing the balance sheet - it is about positioning the company for a successful future.

Financial distress is a defining moment in a company's history.

With survival on the line, it needs to confidently navigate a path of liquidity management, while preserving cashflow for essential operations and facing difficult negotiations.

A coherent strategy is essential - one that addresses urgent business and operational needs with a robust approach to creditor management. Hard decisions need to be made in real time, supported by an experienced team who understand the available options and their business, financial and legal implications.

E&L provides a solutions-focused team that advises on strategy. We have pioneered creative solutions tailored to address a single class of creditors without affecting operations as well as comprehensive balance sheet restructurings. No option is left unexplored - we are familiar with Chapter 11, UK restructuring plans, schemes of arrangement in multiple jurisdictions and Indonesian suspension of payments (PKPU) procedures, as well as debt buyback structures, the application of collective action clauses and the game theory of strategic negotiation.

We are your strategic partner through the entire process, here to help you make informed decisions with confidence.

Integrated Advice

Finance

Stabilises capital and restores financial viability.

  • Restructure capital and balance sheet. Redesign debt, equity, and capital stack to restore sustainability.

  • Model recovery scenarios. Stress test cashflows, liquidity, and downside cases to guide decisions.

  • Optimise working capital and liquidity. Improve cash control and short-term financial stability.

  • Support investor strategy. Enable informed decisions on recovery, exit, or capital redeployment

Legal

Provides Implementation strategy.

  • Structure legal frameworks for restructuring. Align agreements, covenants, and capital rights.

  • Lead creditor negotiations and amendments. Navigate complex stakeholder dynamics and legal positions.

  • Mitigate legal and enforcement risks. Ensure defensible and executable restructuring pathways.

  • Support cross-border and regulatory complexity. Manage jurisdictional and compliance considerations.

Intelligence

Understand the political and creditor landscape

  • Create key coalitions of creditors and voting blocs

  • Trace assets, investigations and enforcement.

  • Forensic analysis.

  • Political landscape mapping and positioning.

  • Media strategy.

Beyond Boundaries

INTEGRATED RESTRUCTURING SOLUTIONS

The financial, legal and intelligence aspects of restructuring cannot easily be separated - and our integrated approach enables the legal strategy to be aligned with the financial solution and political and creditor dynamics. Own your situation early and come out stronger!

Partner

Mark Chadwick

SENIOR RESTRUCTURING CONSULTANT, Australia
Mark Chadwick

Former restructuring partner of Ferrier Hodgson and Managing Director at FTI Consulting, Mark is one of the best regarded restructuring professionals in Asia. Mark advises on all aspects of cross-border restructurings, insolvency proceedings and forensic investigations.

Case Study

Adhi Karya – Indonesian PKPU

Creditor & Shareholder Financial Advisor for USD 223mn Restructuring

WSBP Precast Plant Feasibility Study

Two-Phase Post-Restructuring Feasibility Study for PT WSBP

Pasaraya - Debt Restructuring

Debt Refinancing & Construction Loan

PT WSBP Restructuring

Debtor Financial Advisor for USD 537mn (IDR6T+) Restructuring