Team size: 22

What are the most significant cases or transactions that your legal team has recently been involved in?

The most significant transaction that the legal and compliance team has recently been involved in is the entrustment lending program where Home Credit Vietnam cooperated with Standard Chartered Bank in providing the financial products for individual customers in Vietnam.

Even though the concept of entrustment lending has been stipulated by laws for quite some time already, it is mostly used when a group company engages a licensed bank to act as its coordinator in receiving and then allocating its inter-company loans to subsidiaries or affiliates. After a long period of struggling with both legal and operational obstacles for the cooperation, this transaction marks the first time the concept of entrustment lending being implemented between two credit institutions in Vietnam (or between a consumer finance company and a bank, to be exact).