Signing of Japanese ODA Loan Agreement with Ethiopia: Providing financing to women entrepreneurs

On February 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Federal Democratic Republic of Ethiopia in Addis Ababa to provide a Japanese ODA loan of up to 5.5 billion yen for the Women Entrepreneurship Development Project. This is the first financial intermediary loan (or two step loan)…

Singapore banks get saddled with nonperforming loans

  By Christopher Langner, Bloomberg Singapore banks’ problem with oil and gas services firms has just stepped up a notch. Pain from distressed loans to offshore energy companies dominated Oversea-Chinese Banking Corp.’s earnings call and DBS Group Holdings Ltd. said that provisions for nonperforming advances surged in the December quarter. OCBC CEO Samuel Tsien repeated…

Lessons Learned – One Major Warning: Get The Name Right On The Financing Statement

Article by Jonathan Fleisher and Hilary Fender The first instalment in our “Lessons Learned” series cautioned secured parties of the risks associated with registering their security using an incorrect name for the debtor. The case of Harbouredge Mortgage Investment Corp v Powell Associates Ltd., 2016 NBQB 178 is a classic example whereby a secured party…

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