In the past several years, the role of banks, financial institutions/intermediaries, and insurance companies has gained enormous significance. More recently, asset management and reconstruction companies have started to play an important role in reducing the burden of banks weighed down by non-performing assets. Consequently, the legal and regulatory regime has undergone a sea change with the government and the Reserve Bank of India playing an increasingly vigilant role. With increasing opportunities and vistas in the sector, coupled with the enabling regulations by the Government of India, our role as lawyers has also taken a new dimension. In view of the fast-paced developments in, and needs, of the banking sector, our endeavor is and continues to be to provide a broad-range of quality and effective advice to our clients looking for sector specific solutions. For our insurance sector clients, PSA lawyers advise clients on e-insurance, global insurance coverage, re-insurance, foreign exchange, tax implications, insurance advertisements, assignment & nomination and interface with Insurance Regulatory and Development Authority, as needed.
WHAT WE HAVE DONE
- Advised clients on all aspects related to banking law, including banking regulations, secured commercial lending, and raising of loan finance
- Provided advisory services to domestic and international clients on the foreign exchange regulations pertaining to investments/transactions in the banking sector
- Drafted and reviewed term loan documentation and negotiable instruments for various banks and financial institutions
- Structured mechanisms and advised on the regulatory regime on guarantees for providing corporate guarantees by domestic and foreign companies, parent companies on behalf of wholly-owned subsidiaries in conducting business
- Advised clients on adopting appropriate risk management models, especially in the context of internet banking solutions provided by banks to their customers
- Advised NBFCs on issues related to investment norms, applicable FDI and FEMA regulations and overall structuring of investments
- Assisted domestic clients in availing External Commercial Borrowings by drafting loan agreements, preparing and reviewing the documents and procuring approvals from the RBI, as a matter of routine or where the prescribed thresholds are crossed
- Advised banks in making representations before the Board for Industrial & Financial Reconstruction and appellate board i.e. BIFR for recovery of their dues from sick companies. Carrying out title search and property due diligence on behalf of banks for securitization of loans
WE BRING OUR COMMERCIAL EXPERTISE INTO THE BANKING, INSURANCE AND FINANCE SECTORS TO DELIVER BUSINESS ORIENTED ADVICE
