SyCipLaw has contributed the Philippine chapter to the latest edition of Lexology In-Depth: Lending and Secured Finance. The chapter was co-authored by Senior Partner and Head of the Banking, Finance and Securities Department Philbert E. Varona, Partner Camille Angela M. Espeleta-Castillo, and Associate Ma. Carina Theresa G. Guanio.
The chapter examines the legal and regulatory developments shaping the corporate lending and secured finance landscape in the Philippines, including tax considerations, credit support and subordination arrangements, and loan trading practices. It also discusses key legislations affecting lending and finance transactions, including the Personal Property Security Act, which governs the creation and registration of security interests over personal property, and the Capital Markets Efficiency Promotion Act which introduced significant tax reforms relevant to these transactions.
The chapter also highlights emerging developments in the lending sector, including the implications of the Securities and Exchange Commission’s draft memorandum circular proposing to lift the moratorium on online lending platforms and to allow financing and lending companies to operate such platforms subject to enhanced regulatory safeguards.
Lexology In-Depth: Lending and Secured Finance provides a comprehensive overview of lending and secured finance markets across nine key jurisdictions and serves as a valuable resource for in-house counsel, corporate officers, and other professionals.
Read the full Philippine chapter here or email info@syciplaw.com to request an on-demand copy.