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 the Philippine Government’s ‘Bayanihan to Recover as One’ Act issued to shore up banking and financial institutions and the real estate sector and its efforts to ease the burdens they face along with relaxing unwieldy obligations on affected borrowers and protecting vulnerable debtors from financial ruin due to the economic disruption and calamities brought on by the COVID-19 pandemic. The extent to which securities may be granted to foreign investors in the Philippines over property (mortgages, charges etc.), the necessary processes, transferability of assets and debt-to-equity restrictions among many others are all outlined in a matter-of-fact and straight forward manner in this Q&A edition.
The first edition focuses on Myanmar and is available with this link: https://www.dfdl.com/resources/legal-and-tax-updates/finance-loan-security-rights-in-real-estate-in-the-covid-19-era-10-key-qas-focus-on-myanmar/.
The information provided here is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.