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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Karry Lai

Asia editor

Karry joined the IFLR team as Asia reporter in October 2017. She covers all aspects of financial regulation across Asia and has a particular interest in corporate governance, ESG and data privacy. Based in Hong Kong SAR. Previously, she worked in sustainability education and policy research.