Kirkland & Ellis Successfully Advises on Malaysia's Largest Cross-Border Restructuring for Vantris Energy Berhad

"Kirkland & Ellis has successfully advised Vantris Energy Berhad on the restructuring of over RM12 billion (US$3 billion) in liabilities, marking the largest cross-border restructuring in Malaysia's history. The process, which concluded on September 26, 2025, involved complex arrangements across multiple jurisdictions and included Shariah-compliant Sukuk and conventional facilities. This restructuring enhances Kirkland's reputation as a leading advisor in complex oil and gas sector restructurings in Asia."

Kirkland & Ellis advised Vantris Energy Berhad (formerly known as Sapura Energy Berhad) on a significant restructuring transaction involving over RM12 billion (US$3 billion) in liabilities. This restructuring marks the largest cross-border restructuring ever completed in Malaysia, encompassing Shariah-compliant Malaysia law governed Sukuk, English law governed multi-currency conventional facilities, and various trade claims. The process, which concluded on September 26, 2025, spanned three years and included parallel schemes of arrangement in Malaysia, mediation through the Malaysia Central Bank’s Corporate Debt Restructuring Committee, and the recognition of a stay granted by Malaysian courts in multiple jurisdictions, including South Africa, Ghana, Congo, Brunei, Angola, Brazil, and Singapore, to protect assets globally. The sanctioned Malaysian scheme has also gained recognition in other key jurisdictions such as Brazil, Ghana, and the UAE. The Kirkland team involved in this landmark restructuring included restructuring lawyers Neil McDonald, Wei-Yang Lim, Anthony Wijaya, Zhao Wang Teo, and Kate Stephenson.

Kirkland & Ellis Successfully Advises on Malaysia's Largest Cross-Border Restructuring for Vantris Energy Berhad

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads