Banking & Finance Updates During the COVID-19 Crisis

On 16 February 2021, President Duterte signed into law Republic Act No. 11523, otherwise known as the “Financial Institutions Strategic Transfer (FIST) Act” (the “FIST Law”), which aims to reduce the non-performing loans (“NPL”) of banks due to the COVID-19 pandemic. Under the FIST Law, certain incentives and privileges will allow banks and financial institutions...

This edition of our Q&A series focuses on real estate financing and loan securitization issues in Bangladesh. Given the continuing global uncertainty and economic disruption caused by COVID-19, investors are increasingly concerned about their ability to secure, dispose or otherwise transfer assets that are often now subject to revamped or revised local rules and regulations....

This edition of our Q&A series focuses on real estate financing and loan securitization issues in the Lao PDR. Given the continuing global uncertainty and economic disruption caused by COVID-19, investors are increasingly concerned about their ability to secure, dispose or otherwise transfer assets that are often now subject to revamped or revised local rules...

This edition of our Q&A series focuses on real estate financing and loan securitization issues in Cambodia. Given the continuing uncertainty and economic disruption caused by COVID-19 worldwide, investors are increasingly concerned about their ability to secure, dispose or otherwise transfer assets that are often now subject to revamped or revised local rules and regulations....

We are now pleased to unveil the third in our Q&A series on Finance and Loan Security Rights in Real Estate in the COVID-19 Era, this edition focusing on Vietnam.  The State Bank of Vietnam (SBV) issued a Circular on 13 March 2020 regulating restructuring by credit institutions and foreign bank branches of debt repayment...

Hot on the heels of our other two series which dealt with aviation and restructuring & insolvency, DFDL is proud to unveil the next Q&A series, this time on Real Estate and Banking & Finance issues throughout Southeast and South Asia. This second edition will focus on the Philippines. This Q&A edition takes into account...

Hot on the heels of our other two series which dealt with aviation and restructuring & insolvency, DFDL is proud to unveil the next Q&A series, this time on Real Estate and Banking & Finance issues throughout Southeast and South Asia. The first edition will focus on Myanmar. This Q&A edition takes into consideration the...

The COVID-19 global pandemic continues to cause unprecedented and unpredictable impacts on businesses in Cambodia and the general economy. In response, the Cambodian Government and the National Bank of Cambodia (“NBC”) recently announced measures to relieve the burden on banks, micro-finance institutions (“MFIs”) and affected borrowers. In this alert, DFDL outlines a summary of the...

In light of the severe economic impacts of COVID-19 globally, DFDL has started monitoring legal and regulatory developments that might adversely affect creditor rights or those in the lending business. The attached guide is an-up-to date list of announcements released by national governments and financial authorities in Southeast Asia in response to the ongoing economic...