23 October 2019

McCann FitzGerald acted for the Asia Pulp and Paper Group in restructuring US$1billion of debt

McCann FitzGerald advised the Asia Pulp and Paper Group (“APP Group”), an Indonesian paper and pulp manufacturer and distributor, on  the successful use of a novel and never-before used scheme of arrangement procedure under the Irish Companies Act 2014 to successfully restructure US $1.038 billion of debt.

The US Bankruptcy Court granted recognition of the scheme under Chapter 15 of the Bankruptcy Code.

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