


Corporate and debt restructuring require more than just knowledge of Indonesian corporate law and the requirements applicable to Indonesian companies. It also requires: deep knowledge of Indonesian taxation and contract law; an understanding of the needs and limitations of both creditor and debtor; and a lot of creativity.
DNC has a deep knowledge of Indonesian corporate law and the requirements applicable to Indonesian companies. DNC prefers to apply it in corporate and debt restructuring rather than in taking on corporate secretarial works (which DNC can train clients to do themselves, resulting in self-reliance, independency and cost effective ways of running the business for clients). DNC has more than just a working knowledge of Indonesian taxation and contract law, and working together with clients, their financial and tax advisers and their accountants, DNC is able not only to produce proper and valid documentation but also make major contributions to tax efficiency. DNC understands the needs and limitations of both creditor and debtor because DNC has represented creditors and debtors in corporate and debt restructuring.
DNC represented creditors in the restructuring of debts resulting from the increases of the US Federal Fund rate in 1994 and represented creditors and debtors in the restructuring of debts resulting from the financial crisis in Indonesia in 1997. DNC represented Steady Safe in the first major debt restructuring after and during the 1997 financial crisis (Steady Safe - Peregrine Fixed Income Limited in 1997, and later on, Steady Safe - Peregrine Fixed Income Limited [in liquidation] in 2003). In 2006 DNC represents PT Bank Mandiri (Persero) Tbk in its debt restructuring transactions with its conglomerate debtors.