A restructuring of subsidiary of ID Food, Rajawali Nusindo, in the amount of around USD200 million

Kyora Law Firm has successfully represented PT Rajawali Nusindo (“Nusindo”) in the Suspension of Debt Payment Obligation (PKPU) process before the Commercial Court at the Central Jakarta District Court. Nusindo, a subsidiary of a State-Owned Enterprise under the Indonesian Government and part of the ID FOOD group, plays a vital role in the national distribution of food and healthcare products. Facing financial pressures, Nusindo entrusted Kyora Law Firm to guide the company through the court-supervised restructuring process, culminating in a significant legal and commercial achievement.

With counsel from Kyora Law Firm, Nusindo secured a composition agreement with its creditors, restructuring approximately 3 trillion rupiah / USD200 million in debt. The court ratified the composition agreement on 17 April 2025, marking a major milestone in the company’s recovery journey. The Kyora Law Firm’s team, led by Partners Triangga Kamal and Smitha Anjani, along with Senior Associate Dion Ramadhan, Associates Agnes Agatha Helena, Shidqi Radityatama, Aditya Yudhistira, Christoval Irawan and Junior Associate Mario Ebenezer.

This success underscores Kyora Law Firm’s capabilities in handling complex restructuring matters and reaffirming its reputation in Indonesia’s legal landscape.

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