Indonesian debt enforcement scorecard - recognition
- Eliot & Luther
- May 12, 2020
- 1 min read
Small Easter Egg for anyone interested in Indonesian distressed debt.
This scorecard looks at typical enforcement issues on Indonesian credits - and can form the basis of a diligence checklist for new or secondary credits. It's updated for the new Supreme Court guidance.
This was originally written as a client release at one of my prior law firms, but banned from publication as potentially admitting deficiencies on previous deals. Nor was it the first article I had censored for a similar reason. Those that do not learn from the past are doomed to repeat it! Accordingly, I never got round to writing Parts B and C. If there is interest I will certainly consider doing so.
On the business side, we are actively accepting mandates on portfolio sales and acquisitions - and are very well placed to provide enhanced due diligence on distressed Indonesian credits from a workout perspective.