Cross-border lending in Asia Pacific continues to grow steadily despite external factors such as COVID-19. While the region is not immune to external factors, borrowing volumes for financial institutions, credit funds and other market participants remain high in Asia Pacific. Considering the demographics of many of the nations, the various financial centers and many market participants investing more substantially in some of those financial centers, we remain optimistic that lending activity across Asia Pacific will continue to grow.
The Asia Pacific Guide to Lending and Taking Security contains questions and answers that are important to lenders in the region, such as:
- What should you do when considering whether to lend?
- Are there any post-COVID forbearance laws and regulations in your country that may impact the general lending activities?
- What are the restrictions when lending to borrowers?
- What is the insolvency regime in your country?
- Are there any particular difficulties or delays in enforcing security?
- Is it possible for documents to be executed electronically under the laws of your country?
- Are there restrictions that may prevent parties from executing a finance transaction electronically?
The guide covers 14 jurisdictions in the region: Australia, Cambodia, the People's Republic of China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Taiwan and Vietnam.
This guide is a result of combined efforts from lawyers across major cities and financial centers in Asia Pacific. We will be happy to provide more details of the rules and practice in any jurisdiction.
NOTE: The content of this guide is current as of 3 September 2021; the high-level guidance in this document is not intended to be comprehensive legal advice.