Loan Transactions In Southeast Asia: Getting Through The Challenging TimesMay 8, 2020
The evolving pandemic has substantial implications on all sectors and forms of business. In this report VDB Loi banking and finance experts are looking in particular detail into possible impact on lending transactions taking into account the local practices and regulatory regime in several jurisdictions in Southeast Asia.
There has been quite a surge in lending activity in the region over the last several years. With a lot of specifics in each country of course, there has been an increase in the number of infrastructure projects financed by loans from development institutions and commercial banks. Many projects have been undergoing the pre-funding and structuring stage. Work was actively performed with respect to the “building bricks” of bankable structures, such as concession contracts, power purchase agreements, offtake and related arrangements.
In relation to many finance transactions parties are now actively discussing the impact that the developing situation has on the borrower and whether any changes are required. Amendments to loan and security documentation need to be made in line with the relevant local requirements and practices, some of which are discussed in this report.
- Foreign companies are added to the exemption list of mandatory forex conversion
- February 28, 2023
- All Border Trade Transactions Will Be Allowed Only via Banking System Starting From 1st November 2022
- November 4, 2022
- Myanmar: FATF’s Call for Action to Apply Enhanced Due Diligence Measures
- October 27, 2022
- Logistics Service Companies Are Now Allowed to Hold Specific Amounts of Foreign Currency
- June 27, 2022
- Domestic Payments to Be Made in Myanmar Kyat
- June 7, 2022