Daniel Margulies

Representative matters include advising:

• An ad hoc committee of holders of the US$300 million 6.5% senior secured notes due 2020 issued by Reliance Communications Limited in connection with a proposed restructuring of their claims.

• Noble Group Limited – A Singapore listed major global commodities trader, in connection with a cross-border restructuring of over US$3 billion of its indebtedness. The cross-border restructuring involved implementing parallel English and Bermuda schemes of arrangement, recognition of the English scheme in the U.S. via Chapter 15 of the U.S. Bankruptcy Code, and, ultimately, a so-called "light touch" Bermuda provisional liquidation procedure. This transaction was named “Restructuring Deal of the Year” by IFLR Asia-Pacific Awards 2019 and “Finance Deal of the Year: Insolvency and Restructuring” by The Asia Legal Awards 2019.

• A secured lender to PT Internux (an Indonesian internet provider) in connection with the restructuring of a senior secured facility through Indonesian suspension of payments proceedings and enforcement of secured claims.

• A committee of lenders to a Chinese electronic payments company in connection with the enforcement of their claims, appointment of receivers and subsequent receivership sale of the company.

• A secured lender on the restructuring of certain debts of EMAS Offshore Limited (a listed Singapore oil & gas logistics services company) through multiple Chapter 11 proceedings in the U.S.

• An ad hoc committee of holders of the US$300 million notes due 2019 issued by CFG Investment S.A.C. in connection with the resolution of their claims against the China Fishery group of companies.

• Certain offshore creditors of PT Bumi Resources Tbk. (a listed Indonesian coal miner) in connection with a restructuring of its US$4.5 billion indebtedness through Indonesian suspension of payments proceedings, subsequent exchange offer and Chapter 15 proceedings. The deal won Finance Deal of the Year: Insolvency and Restructuring at The Asia Legal Awards 2018.

• A coordinating committee of holders of the US$155 million equity linked notes due 2015 issued by BLD Investments Pte. Ltd. and guaranteed by PT Bakrieland Development Tbk. in connection with a restructuring of the notes.

• An ad hoc committee of holders of convertible bonds issued by Paladin Energy Limited (an ASX-listed mining company) in connection with a proposed exchange offer and debt-to-equity swap.

• A syndicate of secured lenders in connection with the restructuring of the US$230 million senior secured syndicated facility extended to PT Visi Media Asia Tbk., a listed Indonesian pay TV business.

• An ad hoc committee of holders of the US$325 million step up rate guaranteed senior secured notes due 2020 issued by Blue Ocean Resources Pte. Ltd., a subsidiary of PT Central Proteinaprima Tbk. (a listed Indonesian aquaculture company) through a Singapore scheme of arrangement.

• PT Asia Pacific Fibers Tbk. in connection with the restructuring of certain notes issued and/or guaranteed by it.

• A syndicate of secured lenders in connection with the restructuring of the US$250 million senior secured syndicated facility extended to PT Bakrie Sumatera Plantations Tbk., a listed Indonesian agriculture business.

• A secured creditor of PT Asmin Koalindo Tuhup (an Indonesian coal miner) on a restructuring through Indonesian suspension of payments proceedings.

• A bondholder steering committee in connection with the restructuring of the US$175 million senior secured notes issued by Oro Negro Impetus Pte. Ltd., a wholly owned subsidiary of Integradora De Servicios Petroleros Oro Negro S.A.P.I, which is a Mexican offshore rig platform company.

• Niko Resources Ltd. (a Toronto Stock Exchange-listed company) in connection with the restructuring of the US$125 million indebtedness incurred by its Indonesian subsidiaries.

• PT. Lontar Papyrus Pulp & Paper Industry on the restructuring of the US$425 million notes issued by its subsidiary APP International Finance Company B.V. by way of exchange offer and tender offer.

• A California based software company in connection with the acquisition of certain intellectual property and other assets from the administrators and liquidators of a group of distressed UK technology companies.

• A syndicate of secured lenders on the restructuring of the US$2 billion indebtedness of PT Berlian Laju Tanker Tbk. (a listed Indonesian shipping company) through Indonesian suspension of payments proceedings.

• The secured lenders to PT Buana Listya Tama Tbk. (a listed Indonesian shipping company) in connection with the restructuring of a senior secured facility.

• The provisional liquidators of Fu Ji Food and Catering Services Holdings Ltd., a Hong Kong-listed company, in connection with the restructuring of its indebtedness via a Hong Kong scheme of arrangement.

• A syndicate of secured lenders on the restructuring of a US$250 million senior secured syndicated facility extended to the Canadoil group of companies through Thai business rehabilitation proceedings.

• An ad hoc committee of holders of the US$325 million 11% guaranteed senior secured notes due 2013 issued by Blue Ocean Resources Pte. Ltd., a subsidiary of PT Central Proteinaprima Tbk. (a listed Indonesian aquaculture company) through a Singapore scheme of arrangement.

• A bondholder steering committee in connection with the restructuring of the US$119 million variable rate guaranteed senior secured notes due 2014 issued by Davomas International Finance Company and guaranteed by PT Davomas Abadi Tbk.

• Asia Pulp & Paper Company Ltd. in connection with its restructuring of approximately US$14 billion in group debts, the largest Asian restructuring to date.

• A group of international creditors in connection with the restructuring of approximately US$800 million of indebtedness incurred by PT Kertas Nusantara through Indonesian suspension of payments proceedings.

• An ad hoc steering committee on the restructuring of the US$160 million notes due 2012 issued by a subsidiary of PT Arpeni Pratama Ocean Line Tbk. (a listed Indonesian shipping company) in connection with a restructuring of its indebtedness through Indonesian suspension of payments proceedings.

• A bondholder steering committee in connection with the defaulted US$150 million convertible bonds issued by China Milk Products Limited, a Cayman incorporated issuer, listed on the Singapore Stock Exchange, with operating assets in China.

• A wholly owned subsidiary of PT Mobile-8 Telecom Tbk. (now PT. Smartfren Telecom Tbk.), a listed Indonesian telecommunications company, on the restructuring of US$100 million notes due 2012 through a UK scheme of arrangement.

• Advising Deutsche Bank on the restructuring of US$365 million fully convertible debentures issued by a leading Indian real estate company.