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DEAL: Garuda’s sukuk default will set a legal precedent

Karry Lai
July 26, 2021
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Garuda Indonesia Boeing 737 Flugzeug Flughafen Jakarta

The capital structure of Garuda, Shariah elements of the deal and a lack of laws to protect sukuk holders mean that a complex process lies ahead

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CorporateDealsNews analysisDebtCapital MarketsRestructuring and InsolvencyIndonesia
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Karry Lai
Interim managing editor
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Based in Hong Kong SAR, Karry joined IFLR in October 2017. She manages the team and is responsible for IFLR's content. She also covers all aspects of financial regulation across Asia and has a particular interest in corporate governance and ESG. Previously, she worked in sustainability education and policy research.