Resumen de Foreign lenders struggle for recourse in Indonesian restructures
The article discusses difficulty facing foreign lenders in Indonesia in seeking legal recourse against their onshore borrowers amid the global commodity price slowdown. In addition, Indonesian oil and gas companies are facing regulatory hurdles that make the act of taking security over assets almost impossible. Timothy Hia, partner at Latham & Watkins in Singapore, said a lender or creditor seeking to obtain some form of recourse against onshore oil and gas will have a problem
