Facility documentation
Draft and review term sheets, loan agreements, amendments, support undertakings, and conditions precedent for lender or borrower clients.
Surabaya · East Java · Indonesia
Financial Lawyer Surabaya — Banking, Credit & Financial Advisory
A financing decision is only as workable as its documents, security, and default plan. Integra Law Office advises lenders and corporate borrowers in Surabaya on credit transactions, restructuring, and disputes, with scope shaped by the facility and parties' objectives.
Financial law expertise in East Java.
A company seeking working capital, equipment finance, or refinancing should understand more than the interest rate. Facility agreements allocate repayment duties, drawdown conditions, representations, financial covenants, reporting, events of default, and lender remedies. Security documents may involve land, receivables, inventory, or other assets, each with its own creation and perfection steps.
For lenders, careful documentation supports administration and an evidence trail if a borrower defaults. For borrowers, review can reveal cross-defaults, broad information duties, cash controls, or acceleration language that may affect operations. Compare the term sheet with final documents and confirm who may sign for each company before funds are released.
When you need this service.
A business is negotiating a credit facility and needs the term sheet converted into workable binding documents.
A borrower receives a default notice and needs to understand cure conditions, acceleration, and security exposure.
A lender is renewing or amending a facility and must document revised pricing, maturity, or covenants.
Group financing involves support undertakings, intercompany obligations, or assets owned by different entities.
Creditors and a borrower need a documented workout after missed payments or covenant breaches.
Financial law framework in Indonesia.
Indonesian credit transactions rely on contract principles in the Civil Code and may involve sector-specific rules for regulated lenders. Banks are supervised by OJK under the banking framework, including UU 10/1998 as amended; applicable regulatory duties depend on institution and activity. Security may require separate instruments and registration, including fiduciary security for qualifying movable assets or hak tanggungan for eligible land rights. A loan agreement alone does not complete every security step.
A dispute forum depends on the agreement, parties, and relief sought. A contract may contain an Indonesian court clause or arbitration agreement; arbitration is governed by UU 30/1999. A Surabaya court may be relevant only when jurisdictional rules and the contract support it. For non-performing debt, parties may negotiate a consensual restructuring or assess PKPU under UU 37/2004 if its distinct statutory conditions are met.
Before signing, assemble the term sheet, facility and security drafts, corporate approvals, authority records, existing debt documents, asset details, and intercreditor arrangements. Foreign parties should review governing law, language, notices, currency and payment mechanics, and whether local security registration is required.
How we handle financial legal matters.
We review the transaction as a connected set of obligations: borrower and guarantor authority, conditions to draw, repayment mechanics, covenants, default triggers, security creation, and enforcement options. We compare the commercial agreement with final facility and ancillary documents, flag mismatches, and help record agreed protections before execution.
For distressed facilities, we map amounts, maturity, security, notices, and pending action, then help structure negotiations or respond to a dispute. A workout may change payment dates, add reporting or security, or use other agreed terms; it needs clear approvals and implementation documents. We do not assume restructuring is preferable to enforcement or formal proceedings.
Our Services
Security coordination
Coordinate financing terms with applicable fiduciary, land security, corporate approval, and registration documents.
Debt workout support
Prepare debt positions and negotiate amendments or repayment arrangements with relevant creditors.
Financial disputes
Assess contractual claims, notices, evidence, court jurisdiction, and arbitration provisions before selecting a strategy.
Frequently Asked Questions
Which documents should a company prepare for a loan review?
Start with the term sheet, facility agreement, amendments, security documents, corporate approvals, authority evidence, existing debt, and asset records. Lenders may also require financial information and conditions precedent; the exact list follows the facility and credit process.
Does signing a loan agreement automatically create enforceable security?
Not necessarily. Security type, asset eligibility, execution formalities, registration, and priority steps matter. A financing review should confirm that each intended security interest is created and perfected under its governing rules.
Can a foreign lender enforce an Indonesian loan in Surabaya?
That depends on the parties, governing-law and dispute clauses, Indonesian assets, and applicable jurisdiction rules. Counsel should review service, evidence, recognition or enforcement issues, and local security before selecting a forum.
Is PKPU the same as a private loan restructuring?
No. A private workout is negotiated under the parties' agreements, while PKPU is a statutory court-supervised process under UU 37/2004. Eligibility, creditor participation, voting, and effects differ, so compare both routes against the circumstances.
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