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Banking & finance
Lending, security, regulatory compliance and recovery for banks, financial institutions and borrowers.
We advise banks and financial institutions licensed under the Bank and Financial Institutions Act 2073, and the companies that borrow from them. The work covers facility documentation, the creation and registration of security, and the regulatory requirements Nepal Rastra Bank imposes on licensed institutions.
Security in Nepal is formality-sensitive. Mortgages, hypothecation of movable property and corporate guarantees each have their own registration requirements, and a security interest that is imperfectly registered may not survive the borrower becoming insolvent.
Services
- Facility agreements and term sheets
- Security documentation: mortgage, hypothecation, pledge, guarantee
- Security registration and perfection
- Project and infrastructure finance documentation
- Nepal Rastra Bank directives and licensing compliance
- Loan restructuring and rescheduling
- Debt recovery before the Debt Recovery Tribunal
- Anti-money laundering and KYC compliance frameworks
Statutes
- Nepal Rastra Bank Act 2058 (2002)
- Bank and Financial Institutions Act 2073 (2017)
- Banking Offence and Punishment Act 2064 (2008)
- Secured Transactions Act 2063 (2006)
- Asset (Money) Laundering Prevention Act 2064 (2008)
- Debt Recovery of Bank and Financial Institution Act 2058 (2002)
Regulators
- Nepal Rastra BankLicensing and prudential regulation
- Debt Recovery Tribunal
- Financial Information UnitAnti-money laundering reporting
- Secured Transactions Registry Office