Sandiva is pleased to share that our article has been featured in the GRR Asia-Pacific Restructuring Review 2026, published by Global Restructuring Review on 1 May 2026.

Authored by Allova Herling Mengko (Director) and Adinda Annisa Madani (Manager), the article examines the structural shifts in Indonesia's restructuring and insolvency landscape between mid-2024 and early 2026.

Key topics covered include:

• The expiry of OJK's pandemic-era credit restructuring stimulus (March 2024) and its impact on debtor-creditor dynamics
• SEMA 3/2023 — the Supreme Court circular that effectively removed residential developers from PKPU proceedings, and its implications for creditors and property buyers
• The rise of PKPU filings against state-owned enterprises (SOEs) including PT Waskita Karya, PT PP, and PT Wijaya Karya — signalling the erosion of informal SOE immunity
• Arbitration reforms under PERMA 3/2023 and Constitutional Court Decision No. 100/2024, which have repositioned arbitration as a key leverage tool in restructuring disputes
• Practical implications for creditors, debtors, and investors operating in Indonesia's evolving restructuring market

Read the full article free on Global Restructuring Review:
https://globalrestructuringreview.com/review/asia-pacific-restructuring-review/2026/article/indonesias-restructuring-reset-how-post-pandemic-dynamics-reshaped-creditor-leverage-and-enforcement-strategy

This article was first published on GRR on 01 May 2026; for further in-depth analysis, please visit the GRR Asia-Pacific Restructuring Review 2026.