Stay up to date with legal developments in Philippines.
We are pleased to bring you the 2021 Regional Guide to Lending and Taking Security in Southeast Asia ("Guide"). This Guide provides a useful overview of key legal and regulatory requirements concerning lending and taking security in Southeast Asia, focusing on Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Leveraging on our experience in carrying out cross-border transactions through our Rajah & Tann Asia network, the Guide gives an overview of the domestic laws across the region and addresses typical key issues and considerations relating to lending and taking security.
Rajah & Tann Asia's Banking and Finance team comes highly recommended by industry commentators and international clients, including multi-national corporations who rely on Rajah & Tann Asia's experienced Banking and Finance practice to advise them on all aspects on finance transactions, including cross-border arrangements. Our strength lies in offering insightful and comprehensive legal advice made available through our Rajah & Tann Asia network of offices, including offices in Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
COVID-19, the disease caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has spread across the globe causing severe economic and social disruption worldwide. While the world continues to see the detrimental effects of COVID-19, it also begins to welcome the unfolding global endeavour of vaccine development and deployment. The global pharmaceutical industry has announced its commitment towards developing vaccines for COVID-19, and several vaccines have since been authorised by various national regulatory authorities for public use, with vaccinations taking place in several countries across Southeast Asia.
This quick guide explores the various regulatory issues arising in different parts of Southeast Asia, briefly covering vaccine registration and administration, as well as each country's regulatory framework, as of 20 April 2021.
The Department of Labor and Employment (DOLE) recently released its guidelines on the administration by employers in the private sector of the COVID-19 vaccine in workplaces. This is in line with Republic Act No. 11525 or the COVID-19 Vaccination Program Act of 2021, which provides that private entities may procure COVID-19 vaccines only through a multiparty agreement with the Department of Health (DOH), the National Task Force Against COVID-19 (NTF), and the relevant supplier of the COVID-19 vaccine.