Events

Negotiating and Drafting Loan Documents for Myanmar Banks and Microfinance Institutions

September 07, 2018 - 08.30am - 12.30pm
Location: Pan Pacific Hotel, Yangon
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Negotiating and Drafting Loan Documents for Myanmar Banks and Microfinance Institutions
7 September 2018
Pan Pacific Hotel, Yangon, Myanmar

We are pleased to announce the seminar “Negotiating and Drafting Loan Documents for Myanmar Banks and Microfinance Institutions“, a half day practical briefing for banks, corporate borrowers and MFIs, followed by a CEO panel discussion “the outlook of Myanmar’s loan market”. This event is the first event in Myanmar with the prestigious Asia Pacific Loan Market Association (APLMA), the organization responsible for the APLMA Loan Documents used throughout Asia and the world, jointly hosted with VDB Loi and Norton Rose Fulbright.

The speakers share their extensive experience with drafting loan and security documents in Myanmar, such as:

  • Which model loan or facility agreements best to use for which deal in Myanmar?
  • What should be in a good financing termsheet? (we provide a model)
  • stamp duty update: loan, mortgage, assignment, etc
  • Negotiating the conditions before drawdown: practical examples
  • How to draft and agree the reps and warranties
  • Update on the CBM approval process, case studies

PROGRAM

  Time Topic
1 9.00am – 9.05am Welcome
2 9.40am – 10.00am Which model documents to use?

  • The APLMA document suite and how to use it
  • Other template loan documents for use in Myanmar
  • Model term sheets: what should be in it?
3 9.30am – 10.00am

Representations, warranties and undertakings

  • Which undertakings are common in Myanmar?
  • Typical representations you cannot give in Myanmar
  • Ongoing litigation, existing security
4 10.00am – 10.30am

Events of default

  • Common negotiation issues on events of default
  • Cross default clauses
  • Cure periods
5 10.30am – 10.45am Break
6 10.45am – 11.05am

Conditions precedent to disbursement

  • What are the common CP’s to a deal?
  • Delays on completion: practical experience
  • CP’s in connection with security DICA filings and completion of loans
7 11.05am – 11.30am

Other key drafting and negotiation issues

  • Security on immovable property and security agents
  • Withholding taxes and stamp duty
  • Dispute resolution and arbitration clause
8 11.30am – 12.30pm

Panel discussion

As the financial landscape is in full development,

  • How do top bank executives see the commercial loan market in Myanmar?
  • Are more club deals or syndicated loans in the pipeline?
  • Are banks offering new financing products, fintech solutions?
  • Are Myanmar banks opening up to condo buyers and condo titles?
  • What are the new MMK/US$ financial products available?
  • Are there untapped opportunities in consumer, trade or asset financing?
Panelist

  • Kyawt Kay Khaing
    Deputy CEO
    United Amara Bank
  • Hal Bosher
    CEO
    YOMA Bank
  • Muniandry Krishnan
    CFO
    KBZ Bank
  • Azeem M. Azimuddin
    CFO & Advisor to Chairman
    AYA Bank
  • Mohammad Kamil Abu Bakar
    Head, Business Development
    Maybank
  • Chee Seng Liew
    Advisor to the CEO
    CB Bank
WHAT IS APLMA?

The Asia Pacific Loan Market Association (APLMA) is the only pan-Asian association that is dedicated to promoting growth and liquidity in the primary and secondary loan markets of the Asia-Pacific region.

The APLMA represents the common interests of the many different institutions involved in the syndicated loan markets of the Asia-Pacific region. The Association works together with its sister associations in Europe and North America to advocate common market standards and practices with a view towards improving global loan market liquidity. Together with the Loan Market Association (LMA) in London, the Loan Syndications and Trading Association (LSTA) in New York, and other associations across Asia Pacific, the APLMA monitors global market trends as part of its effort to more closely integrate the Asian loan markets into an increasingly globalised loan market.

SPEAKERS


 
Edwin Vanderbruggen, Senior Partner
VDB Loi

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.


 
Maxim Kobzev, Counsel
VDB Loi

Maxim is counsel with VDB Loi finance team. His practice focuses on cross-border and local project financings, corporate loans, pre-export facilities and restructurings. Maxim advises both borrowers and lenders, commercial banks, corporations and development institutions with particular focus on complex projects in the banking, infrastructure, oil & gas, mining and metals and manufacturing sectors and transactions in the emerging markets.

Yu-En Ong, Head (Singapore)
Norton Rose Fulbright

Yu-En Ong is a banking and finance lawyer and his practice includes all aspects of structured finance such as acquisition finance, asset finance, structured trade and commodities finance, telecoms finance and cross border real estate finance. He won the Finance Lawyer of the Year, Asia, award at the Asia Legal Awards 2018.
Yu-En has had experience dealing with Asian, European and Middle Eastern transactions and was the lead partner on various deals awarded Euromoney Deal of the Year 2010 and Deal of the Year 2008/2009 by Trade Finance Magazine, Global Trade Review and Trade & Forfaiting Review Magazine, culminating in our practice being awarded Best Trade Law Firm Asia 2009-2014 as voted by readers of Trade Finance Magazine.

Attendance at this workshop is free for APLMA members and VDB Loi clients. 30,000 kyats will be charged at the event to non clients/members. Seats are limited and confirmation will be given on a first-come, first-served basis. To reserve your place, please click “Register” button under Event Details or contact Thiha Zaw at thiha.zaw@vdb-loi.com or +951 925 3752~756, +95 9 773 788 813.

VDB Loi is a network of leading law and tax advisory firms with offices in Cambodia, Indonesia, Laos, Myanmar and Vietnam.
Our general areas of practice are corporate, finance, licensing and disputes. Our principal specialized areas of practice are energy, infrastructure, real estate and construction , telecom and taxation.

Regards,

Edwin Vanderbruggen | Senior Partner
M/Whatsapp: +95 (0) 9975327699 | W: www.vdb-loi.com
Yangon: Tel: +951 9253752(-until 756) Level 10, Units 01 until 05, Junction City Office Tower,
Corner of Bogyoke Aung San Road and 27th Street, Pabedan Township
Nay Pyi Taw: T: + 95 678 106 089 ParkRoyal Hotel Nay Pyi Taw, Dekhina Thiri Tsp

  • LAST YEAR 25% TO 33% OF APPROVED FDI OBTAINED THEIR MIC PERMIT THROUGH VDB LOI. READ MORE
  • OUR ENERGY TEAM WORKED ON 6 OUT OF 7 POWER DEALS SIGNED LAST YEAR IN MYANMAR. READ MORE
  • CHECK OUT THE EXPERIENCE OF OUR DISPUTES TEAM. READ MORE
  • WHAT IS DIFFERENT ABOUT OUR APPROACH?. READ MORE

EVENT DETAILS

Date:
7 September 2018

Time:
08.30am to 12.30pm

Location:
Pan Pacific Hotel, Yangon

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An attendance fee of 30,000 Ks will be charged to non APLMA members and non VDB Loi clients.
 

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