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Kirkland & Ellis advises Vantris Energy Berhad (formerly known as Sapura Energy Berhad) (Vantris) on the successful restructuring of over RM12 billion (US$3 billion) in liabilities – the largest cross-border restructuring ever completed in Malaysia. These liabilities include Shariah-compliant Malaysia law governed Sukuk, English law governed multi-currency conventional facilities and various trade claims.

The restructuring closed on September 26, 2025, bringing to conclusion a three-year process that involved parallel schemes of arrangement in Malaysia, Malaysia Central Bank’s Corporate Debt Restructuring Committee mediation process and recognition of the stay (or restraining order) granted by the Malaysian courts in numerous jurisdictions including South Africa, Ghana, Congo, Brunei, Angola, Brazil and Singapore in order to safeguard assets worldwide.

The sanctioned Malaysian scheme of arrangement has also received recognition in other significant jurisdictions, including Brazil, Ghana and the UAE.

This landmark restructuring further cements Kirkland’s reputation as a leading advisor on complex, cross-border oil and gas sector restructurings and reinforces the firm’s position as the go-to advisor for high-stakes restructurings in Asia.

The Kirkland team included restructuring lawyers Neil McDonald, Wei-Yang Lim, Anthony Wijaya, Zhao Wang Teo and Kate Stephenson.