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FKNK Law Firm stands at the forefront of Indonesia’s restructuring and insolvency practice, offering exceptional depth and capability built on years of experience and successful outcomes. 


We are an Indonesian law firm with proven expertise acting as counsel to debtors, creditors, administrators, and receivers, handling both domestic and cross-border insolvency with precision and consistency. FKNK brings a truly 360 degree perspective to Indonesia’s restructuring and insolvency landscape.


FKNK and its members have played a key role in several of Indonesia’s most significant and multi trillion rupiah restructurings, many achieving with full creditor approval, including Garuda Indonesia, Pan Brothers Group and Sentul City. The firm has also advised numerous investment managers in the PKPU process of PT Waskita Beton Precast Tbk, representing the interests of investors and fund holders with exposure through capital-market instruments. In these matters, FKNK focuses on ensuring regulatory compliance under OJK and capital-market frameworks, safeguarding portfolio value, and negotiating reprofiling or conversion of debt instruments in alignment with market-based solutions. FKNK also has experiences represent banks and other institutional creditors in distress matters.


This complete, end-to-end capability allows FKNK to deliver integrated legal and commercial solutions, combining courtroom advocacy with corporate restructuring strategies and capital-markets innovation. Our approach balances legal precision with business interest, guiding clients through complex financial distress while protecting enterprise value. 


Within court-supervised processes, FKNK manages every stage with discipline and precision, from restructuring analysis, claim verification, due diligence to creditor negotiations, and the drafting and implementation of composition plans. We also execute creditor protection strategies that cover voting strategy and asset recovery, ensuring efficient enforcement while safeguarding legal rights and reputation.


Beyond the courtroom, our strong corporate and capital markets team designs out of court restructuring frameworks that restore financial stability through commercial innovation. These include M&A transactions, capital injections, debt to equity conversions, bond exchange offers, sukuk re-profiling, and investor realignments, allowing clients to rebuild their financial position without prolonged litigation.


When recovery is no longer feasible, our lawyers manage insolvency and liquidation proceedings with full transparency, ensuring compliance and value preservation. We conduct detailed analysis, represent clients before the Commercial Court, and coordinate debt discharge and settlement to achieve clean exits and minimize post-insolvency exposure.


FKNK’s experiences in restructuring and insolvency has been recognized by all major international legal directories. The firm is ranked in Chambers Asia-Pacific, praised for its “in-depth expertise and strong capability as administrators”; acknowledged by The Legal 500 Asia-Pacific as a Leading Firm for its “innovative and strategic handling of complex cases”, ranked in IFLR1000 for financial and insolvency law, and honored in HukumOnline’s Hall of Fame for outstanding insolvency practitioners. FKNK’s recognition is further reflected through individual accolades, including Benchmark Litigation Asia Pacific, Asia Law, Asian Legal Business-Indonesia Rising Star, and Asia Business Law Journal-Future Legal Leader, as well as recognition as a Recommended Law Firm in the HukumOnline In-House Counsel Choice Awards, underscoring the firm’s reputation for excellence, integrity, and results.


Clients and peers consistently commend FKNK’s approach, describing the firm as “delivering credible commercial options” and possessing a “deep understanding of Indonesia’s complex financial and regulatory landscape.”


With experience across all restructuring-insolvency roles, FKNK delivers strategic, enforceable, and forward looking solutions that redefine financial recovery. Our ability to align legal precision with commercial foresight ensures that every engagement moves from instability toward renewed strength.


Debt Restructuring and Insolvency

Key Contacts

Aldi Firmansyah

S.H., MH.

Ichsan Perwira Kurniagung

S.H., MH.

Martin Patrick Nagel

S.H., MH.

Meilisa Husein

S.H., MH.

Ramos Romatua Sidjabat

S.H., LL.M.

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