Deed Of Assignment Of Debt Template for Indonesia

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Key Requirements PROMPT example:

Deed Of Assignment Of Debt

"I need a Deed of Assignment of Debt to transfer a bank loan worth IDR 5 billion from Bank Mandiri to BCA, with the assignment to be completed by March 2025; the original loan was for a manufacturing facility in Jakarta."

Document background
The Deed of Assignment of Debt is a crucial legal instrument in Indonesian commercial practice, used when one party wishes to transfer its rights as a creditor to another party. This document is particularly relevant in debt trading, corporate restructuring, or portfolio sales scenarios. The deed must comply with Indonesian Civil Code requirements and typically requires notarization to ensure legal validity. It comprehensively documents the assignment terms, including the debt details, consideration, warranties, and completion requirements. The document becomes especially important in the context of Indonesian financial regulations when the assignment involves regulated entities such as banks or financial institutions. The deed serves as the primary evidence of the transfer and is essential for the assignee to enforce their rights against the debtor.
Suggested Sections

1. Parties: Identification of the Assignor (current creditor), Assignee (new creditor), and Debtor

2. Background: Context of the original debt, reason for assignment, and confirmation of the debt's existence

3. Definitions: Definitions of key terms used throughout the deed

4. Details of Debt: Specific description of the debt being assigned, including amount, interest, and payment terms

5. Assignment: Express terms of the assignment and transfer of rights from Assignor to Assignee

6. Consideration: Details of the payment or consideration for the assignment

7. Representations and Warranties: Assignor's warranties regarding ownership, right to assign, and status of the debt

8. Completion: Conditions for and timing of the completion of the assignment

9. Notice and Acknowledgment: Provisions regarding notification to and acknowledgment by the Debtor

10. Further Assurance: Obligations to execute further documents or take additional steps if needed

11. Governing Law: Confirmation of Indonesian law as governing law and jurisdiction provisions

Optional Sections

1. Security Assignment: Required when the debt is secured by collateral or guarantees

2. Tax Provisions: Include when there are specific tax implications that need to be addressed

3. Regulatory Compliance: Required when the assignment involves regulated entities or requires regulatory approvals

4. Foreign Exchange Provisions: Include when the debt is denominated in foreign currency

5. Costs and Expenses: Optional section detailing who bears the costs of the assignment

6. Partial Assignment: Required when only part of the debt is being assigned

7. Confidentiality: Include when sensitive commercial information needs protection

Suggested Schedules

1. Schedule 1 - Details of Original Debt Agreement: Copy or details of the original debt agreement being assigned

2. Schedule 2 - Calculation of Debt: Detailed breakdown of the principal, interest, and other amounts comprising the debt

3. Schedule 3 - Form of Notice to Debtor: Template of formal notice to be sent to the Debtor regarding the assignment

4. Schedule 4 - Security Documents: List and copies of any security documents related to the debt

5. Schedule 5 - Completion Requirements: Checklist of documents and actions required for completion

6. Appendix A - Power of Attorney: If required, form of power of attorney for executing additional documents

7. Appendix B - Corporate Authorizations: Copies of relevant corporate approvals and authorizations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Banking and Financial Services

Investment Management

Real Estate

Manufacturing

Trading and Distribution

Infrastructure

Energy

Mining

Construction

Healthcare

Technology

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Credit Management

Risk Management

Compliance

Corporate Secretarial

Investment

Portfolio Management

Business Development

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Debt Recovery Manager

Credit Manager

Investment Manager

Portfolio Manager

Risk Manager

Compliance Officer

Financial Controller

Corporate Secretary

Business Development Director

Restructuring Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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