Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Lending and taking security in Nepal: overview

by Anjan Neupane and Balkrishna Neupane, Neupane Law Associates

Country Q&A | Law stated as at 01-Jul-2018 | Nepal

A Q&A guide to finance in Nepal. The Q&A gives a high level overview of the lending market, forms of security over assets,
special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration
requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the
priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower
insolvency; cross-border issues on loans; taxes; and proposals for reform.

To compare answers across multiple jurisdictions, visit the Lending and taking security in country Q&A tool.

This article is part of the global guide to finance. For a full list of contents visit www.practicallaw.com/finance-guide.

Overview of the lending market

1. What have been the main trends and important developments in the lending market in your
jurisdiction in the last 12 months?

The first elected government under the new constitution government commanding a majority in the Federal
Parliament was formed on February 2018 and it presented its budget for the 2018/19 financial years on June 2018.
The 2018/19 budget pledges to implement reforms in the banking sector, financial markets, and foreign investment
laws. The government has pledged to open a new infrastructure development bank to lend in larger projects with
participation from both private and public sector.

Nepal Rastra Bank, the central bank, has issued a notice to regulate Class-A licensed banks to borrow funds from
overseas banks and financial institutions to help solve the on-going problem of a lack of loanable funds in the market.
Among other restrictions, the notice imposes:

• An interest rate cap of six-month LIBOR + 3%.

• A maximum five-year repayment period.
• A requirement to obtain prior approval.

Currently, the International Finance Corporation has signed mandates with a number of local banks to provide loans.

© 2018 Thomson Reuters. All rights reserved. 1

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

There is a lot of demand for financing in medium and large size projects requiring financing above USD30 million
to USD40 million. Local banks are unable to finance such projects because of lack of funds in the local market and
regulatory restrictions owing to their size. The government has recently adopted a policy to provide a USD-NPR
mixed currency power purchase agreement for hydropower projects above 100 megawatts (MW). This may help to
attract foreign finance to the Nepalese power sector. More projects are likely to be financed under a foreign-local
lender syndicate model established in Lower Solu (82 MW) and Kabeli-A (37 MW) projects in the coming year.

On the legal side, the new Banks and Financial Institutions Act 2017 came into force, and the new Muluki Civil Code
Act 2017 (Civil Code) will come into force on 17 August 2018. Both laws make major changes to lending and security
laws in Nepal. Furthermore, the Secured Transactions Registry Office has started operations of online registry for
filing notices of security interests over movable and intangible properties.

Forms of security over assets

Real estate

2. What is considered real estate in your jurisdiction? What are the most common forms of security
granted over it? How are they created and perfected (that is, made valid and enforceable)?

Real estate
Real estate is defined in Part 4(1) of the Civil Code as:

• House or land or infrastructure connected to them.

• Objects permanently affixed to land or a house.
• Mines, rocks and minerals affixed to land.
• Water in its natural state and underground.
• House or infrastructures built or floating permanently in water.
• Trees and plants connected to or sitting on land.
• Movable property affixed to real property.

Common forms of security

The common forms of security over immovable property are:

• Mortgage (dristi-bandaghi).
• Mortgage-in-possession (bhog-bandaghi).
• Re-mortgage (lekha-bandaghi).

© 2018 Thomson Reuters. All rights reserved. 2

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Among these forms, the mortgage is the most common security used by banks and financial institutions. Ownership
and possession stays with the debtor, while the creditor has the right to auction the property if the debt and or
interest is not paid.

Formalities
A mortgage must be in a documentary form and be registered in the Land Revenue Office for where the immovable
property is located. The mortgage must be in the Nepali language and printed in Nepali paper, and should also bear
a thumbprint or company stamp of the executor. Two witnesses should witness it. Principle and interest should be
clearly stated in the deeds.

Tangible movable property

3. What is considered tangible movable property in your jurisdiction? What are the most common
forms of security granted over it? How are they created and perfected?

Tangible movable property

Tangible movable property is defined as:

• Cash, cash equivalent goods or foreign currency.

• Valuable metals.
• Objects that can be transported from one location to another (including vehicles, ships, aeroplanes).
• Loan notes, shares, promissory notes, financial instruments, letters of credit and returns deriving thereof.
• Properties other than immovable property.

Common forms of security

The common forms of security for tangible movable property are

• Hypothecation.
• Pledge.

Formalities
Contracts or deeds for security over tangible movable property must be in writing. The agreement should be affixed
with a thumbprint or company stamp of the grantor and should be witnessed by two persons. Security is perfected
by obtaining possession of the collateral or by registering information at the Secured Transactions Registry Office.

A pledge of shares of private companies requires approval from the company and recording in the shareholders'
registry. A pledge of shares of a public company must be recorded in the shareholders' registry or dematerialised
(d-mat) account.

© 2018 Thomson Reuters. All rights reserved. 3

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Financial instruments

4. What are the most common types of financial instrument over which security is granted in your
jurisdiction? What are the most common forms of security granted over those instruments? How are
they created and perfected?

Financial instruments
Financial instruments are defined as deeds that can be transferred through the endorsement or assignment and
share certificates, and any such deeds evidencing right to payment of money.

Common forms of security

The pledge is the most common form of security provided in financial instruments.

Formalities
A written agreement must be entered into for the pledge. The agreement should be affixed with a thumbprint or
company stamp of the grantor and should be witnessed by two persons. In relation to private company shares, the
pledge must be approved by the company and noted in the shareholders register. For public company shares, the
pledge must be recorded in the dematerialised (d-mat) account. Security is perfected by obtaining possession of
collateral or by registering the information at the Secured Transactions Registry Office.

Claims and receivables

5. What are the most common types of claims and receivables over which security is granted in your
jurisdiction? What are the most common forms of security granted over claims and receivables? How
are they created and perfected?

Claims and receivables

Claims and receivables include:

• Rights of payment in an account.

• Rights of payment in an agreement, document, and instrument.
• Other rights of payment.

Common forms of security

An assignment security is the common form of security over claims and receivables.

© 2018 Thomson Reuters. All rights reserved. 4

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Formalities
A written agreement must be entered into for the assignment to be valid. The agreement should be affixed with a
thumbprint or company stamp of the grantor and should be witnessed by two persons. Information must be filed
at the Secured Transactions Registry Office for perfection. If the assignment is restricted by agreement, the debtor's
consent must be obtained. In other cases, debtor notification is optional and can also be undertaken by the assignee
if required.

Cash deposits

6. What are the most common forms of security over cash deposits? How are they created and
perfected?

Common forms of security

Cash deposits can be pledged.

Formalities
A written agreement must be entered into for the pledge to be valid. The agreement should be affixed with a
thumbprint or company stamp of the grantor and should be witnessed by two persons. Information must also be
registered at the Secured Transactions Registry Office for perfection. Consent of the bank is also required.

Intellectual property

7. What are the most common types of intellectual property over which security is granted in your
jurisdiction? What are the most common forms of security granted over intellectual property? How
are they created and perfected?

Intellectual property
Usually banks do not take intellectual property as collateral in Nepal. However, security interest can be granted over:

• Trade marks.
• Copyrights.
• Patents.
• Designs.

© 2018 Thomson Reuters. All rights reserved. 5

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Common forms of security

Intellectual property rights can be used as security by way of assignment.

Formalities
A written agreement must be entered into for the assignment to be valid. The agreement should be affixed with a
thumbprint or company stamp of the grantor and should be witnessed by two persons. Information must also be
registered at the Secured Transactions Registry Office for perfection. Approvals are also needed from the Department
of Industry or Copyright Registration Office.

Problem assets

8. Are there types of assets over which security cannot be granted or can only be granted with
difficulty? Which assets are difficult or problematic when security is granted over them?

Future assets
Security cannot be created in future immovable assets. Apart from immovable assets, security can be created in
future movable and intangible assets (other than intellectual property and shares) if the collateral and description
can be expressed in general forms (for example, all assets of the borrower).

Fungible assets
Security can be granted over fungible assets and a general description is adequate to secure it.

Other assets
A pledge over shares of certain regulated companies and companies with foreign investment are subject to special
approvals.

Security created over immovable assets directly in the name of a foreign person requires approval from the
government of Nepal. Only 50% of the land acquired by the borrower can be mortgaged in projects that have obtained
land ceiling waiver.

Release of security over assets

9.How are common forms of security released? Are any formalities required?

© 2018 Thomson Reuters. All rights reserved. 6

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Creditors are obliged to release or return secured assets if the debtor pays the principle and interests due. The
following specific formalities apply if the parties wish to release security:

• Mortgage over land. A letter of release or a deed of release should be provided by the creditor to the Land
Revenue Office and the office will then remove the record of security from the registry.
• Hypothecation and pledge of movables. A letter of release must be executed and a statement of
termination should be filed at the Secured Transaction Registry Office.
• Shares. In addition to the formalities for movables, notification to dematerialised account is also required for
the release of security in shares of public companies, and in the case of private company shares, companies
should also be notified that they will need to release the pledge notification from the shareholders' register.

If the creditor retains possession of any assets, they should also be provided to the debtor upon release.

Special purpose vehicles (SPVs) in secured lending

10. Is it common in your jurisdiction to take security over the shares of an SPV set up to hold certain
of the borrower's assets, rather than to take direct security over those assets?

It is not common practice among Nepalese banks to take security over the shares of an SPV set up to hold certain of
the borrower's assets rather than to take direct security over those assets.

However, in recent international project finance transactions, lenders have taken security over the shares of SPVs
in addition to direct security over the assets. This provides an alternative mode of enforcement for lenders, where
the underlying assets (such as concessions, licences, and off-take agreements) are not so easily transferrable in an
enforcement scenario.

Quasi-security

11. What types of quasi-security structures are common in your jurisdiction? Is there a risk of such
structures being recharacterised as a security interest?

© 2018 Thomson Reuters. All rights reserved. 7

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Sale and leaseback

Sale and leaseback transactions are not very common in Nepal. However, they are considered as a security interest.
Information on sale and leaseback transactions with leases over one year should be registered at the Secured
Transaction Registry Office.

Factoring
Factoring is an arrangement whereby receivables are assigned to a third-party buyer. Factoring requires the filing
of information at Secured Transaction Registry Office. This arrangement is not common in Nepal.

Hire purchase
Hire purchase is a common form of financing in Nepal and used mostly for vehicles and equipment. Ownership of
the goods subject to hire purchase transfers to the hirer on final payment. Information of hire purchase must also
be registered at the Secured Transaction Registry Office.

Retention of title
Retention of title clauses are common in sale and purchase agreements for movable assets. There are no filing or
notification requirements.

Other structures
Quasi-security also includes negative pledge and non-disposal undertakings. Bank guarantees and letters of credits
are also used as quasi-security.

Guarantees

12. Are guarantees commonly used in your jurisdiction? How are they created?

Guarantees are commonly used in all types of financing transactions. Banks generally require shareholders and
directors of borrowers to provide guarantees. Guarantees must be in writing and should also bear the thumbprint
or company stamp of the guarantor. In a financing arrangement, if other collaterals have been provided as security,
the guarantor will not be liable for the amounts that can be recovered from the collateral and practically, banks will
have to auction the collateral before claiming from the guarantors pursuant to section 564(2) of the Civil Code.

© 2018 Thomson Reuters. All rights reserved. 8

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Risk areas for lenders

13. Do any laws affect the validity of a loan, security or guarantee (or the terms on which they are
made or agreed)?

Financial assistance
The Company Act 2006 restricts companies from providing loan or financial assistance for the purchase of its own
shares or the shares of its holding company.

Corporate benefit
A public company or a private company that obtains a loan from a bank or financial institution is restricted
from borrowing amounts that exceed (in aggregate) their paid-up share capital and free reserves without a special
resolution passed by general meeting of shareholders. However, this restriction does not apply to loans taken out
with banks and financial institutions for term of less than six months.

A company is not allowed to lend, provide a guarantee, or make an investment in another company if the loan/
guarantee/investment exceeds its free reserves, or exceeds 60% (in aggregate) of its paid-up share capital and free
reserves. However, this does not apply to:

• Banks.
• Insurance companies.
• Companies whose primary purpose is to buy and sell securities.
• Private companies without any loans from banks or financial institutions.
• Physical infrastructure facility provider companies.
• Unless for the purposes of investment, loans or guarantees provided to a wholly owned subsidiary.

Loans to directors
The Company Act 2006 restricts companies from providing loans, financial support or guarantees to its company's
officers, key shareholders or any relative of such person, or to its holding company's officers, key shareholders or
relative of such person.

Usury
The Civil Code limits the maximum interest rate that can be charged to money lending transactions to 10%. However,
this limit does not apply to transactions carried out by licensed banks and financial institutions.

Nepal Rastra Bank has set maximum interest rates that can be charged by foreign lenders:

• Corporate borrowing from overseas: one-year LIBOR + 5.5%.

© 2018 Thomson Reuters. All rights reserved. 9

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

• Shareholder loans from individual shareholders: 2%.

• Personal loans: 0%.
• Banks borrowing from overseas: six-month LIBOR + 3%.

These limits may also be waived on a case-by-case basis.

Others
Borrowing from foreign banks and financial institutions requires approval from the Department of Industry, and
Nepal Rastra Bank.

14. Can a lender be liable under environmental laws for the actions of a borrower, security provider
or guarantor?

There are no laws imposing liabilities to a lender for actions of borrower, security provider or guarantor.

Structuring the priority of debts

15. What methods of subordination are there?

Contractual subordination
Contractual subordination is the most common form of subordination in Nepal. It is implemented by undertaking
an agreement between the senior lenders, junior lenders, security agent, and the borrower. It should be noted that
under the Insolvency Act, all unsecured debt liabilities will be treated equally and subordination provisions will not
bind other creditors. Since secured assets in a liquidation are not available to a general body of creditors, contractual
subordination between secured creditors will be enforceable.

Structural subordination
Nepalese law does not have provisions related to structural subordination and this practice is not common. However,
structural subordination can also be implemented by lending to parent and subsidiary.

Inter-creditor arrangements

© 2018 Thomson Reuters. All rights reserved. 10

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Inter-creditor agreements are commonly entered into among banks in syndicated transactions, most involving
foreign banks and financial institutions. In local lending practice, inter-creditor provisions are usually incorporated
into the facility agreement itself and lenders do not enter into a separate agreement. The key terms of inter-creditor
agreements are:

• Ranking and priority.

• Application of proceeds.
• Rights and duties of security agent.
• Changes to parties.
• Changes to security agent.
• Voting, instructions and enforcement.
• Co-operation and loss sharing.

Debt trading and transfer mechanisms

16. Is debt traded in your jurisdiction and what transfer mechanisms are used? How do buyers ensure
that they obtain the benefit of the security and guarantees associated with the transferred debt?

Debt is not commonly traded in Nepal. However, debt trading can be undertaken through the following methods:

• Assignment. The right to receive payments can be assigned from one creditor to other. Notification should
be filed at the Secured Transactions Registration Office. The assignment cannot be used to transfer obligations
and only the right to receive payments can be transferred. Notification or agreement with the debtor whose
debts are being assigned is not mandatory unless required by the underlying agreement.
• Novation. Novation can be used to transfer debt as well as obligations. An agreement between the debtor,
buyer and seller is required.
• Change to parties. A "change to parties" clause used in facility and inter-creditor agreements and can be
used to effect the transfer of debt from one lender to another.

Buyers of debts should ensure that they receive the benefits of the security and guarantees associated with the
transferred debt. Other than where security agent has been used to hold security for all finance parties, the
underlying security and guarantees should be separately transferred by entering into new deeds and undertaking
necessary registrations and filings at the Land Revenue Office and Secured Transactions Registration Office.

© 2018 Thomson Reuters. All rights reserved. 11

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Agent and trust concepts

17. Is the agent concept (such as a facility agent under a syndicated loan) recognised in your
jurisdiction?

The agency concept is recognised by Part 5(10) of the Civil Code. Agents can be appointed by a person to act on its
behalf for any work, to undertake a business, to transact with a third party, to provide representation, or to establish
relationship with another party. Usually, the lead arranger to the financing called the "lead bank" performs roles of
faculty agent and security agent pursuant to the Consortium Lending Directive.

18. Is the trust concept recognised in your jurisdiction?

The concept of trust is recognised in Nepal and a trust can be registered under Part 4(6) of the Civil Code. However,
trusts are not used in financing structures and must be registered separately.

Enforcement of security interests and borrower insolvency

19. What are the circumstances in which a lender can enforce its loan, guarantee or security interest?
What requirements must the lender comply with?

Lenders can enforce their loan, guarantee or security interest in the following circumstances:

• Breach of terms of loan agreement.

• Non-payment with time specified by loan agreement.
• Use of loan for a purpose other than for which is it give.
• Non-substitution of collateral in case value has decreased.

© 2018 Thomson Reuters. All rights reserved. 12

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

(Section 57, Bank and Financial Institution Act 2017.)

Methods of enforcement

20. How are the main types of security interest usually enforced? What requirements must a lender
comply with?

Lenders licensed by the Nepal Rastra Bank can auction the collateral interests in the case of default by the borrower.
The borrower should be notified and a reasonable opportunity should be provided to the borrower to make payment
of the loan before enforcing the security. Details of the assets are publicly published in newspapers and auctioned.
The security interest must be enforced first before the lenders can make a claim on the guarantee.

Rescue, reorganisation and insolvency

21. Are company rescue or reorganisation procedures (outside of insolvency proceedings) available in
your jurisdiction? How do they affect a lender's rights to enforce its loan, guarantee or security?

A company restructuring outside of insolvency proceedings is known as a "loan restructuring". The lenders can, with
an agreement with the borrower, restructure the loan by increasing the number of instalments for payment. The
lenders will not be able to enforce its loan, guarantee or security until such time the borrower is in compliance with
the restructure arrangement.

22. How does the start of insolvency procedures affect a lender's rights to enforce its loan, guarantee
or security?

When hearing an insolvency application, the court may grant an interim order to stop the auction of security or
other assets of the company by lenders. If the court grants an order to start insolvency proceedings, any action by the
lenders to enforce the security is automatically suspended, as lenders are only able to enforce their loans, guarantees
or security by applying to the court in accordance with the Insolvency Act.

© 2018 Thomson Reuters. All rights reserved. 13

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

23. What transactions involving loans, guarantees, or security interests can be made void if the
borrower, guarantor or security provider becomes insolvent?

The following transactions involving loans, guarantees, or security interests can be made void if the borrower,
guarantor or security provider becomes insolvent:

• Preferential transactions, carried out six months prior to the commencement of insolvency proceedings.
• Under value transactions, carried out six months prior to the commencement of insolvency proceedings.
• Preferential transactions with related parties, carried out six months prior to the insolvency proceedings.
• Fraudulent transactions, carried out two years prior to the commencement of insolvency proceedings.

(Section 59, Insolvency Act 2007.)

Transactions or under-value transfers to lenders involving pre-payment of loans or transfers of assets in lieu of loans
may also potentially be covered.

24. In what order are creditors paid on the borrower's insolvency?

According to the Insolvency Act, on the borrower's insolvency the creditors are paid in the following order:

• Expenses of insolvency proceedings.

• Debts borrowed during investigation or restructuring.
• Wages of workers.
• Amounts payable for gratuity, provident fund, and leaves for workers.
• All other debts (and debts of secured creditors not covered by market value of security).

Cross-border issues on loans

© 2018 Thomson Reuters. All rights reserved. 14

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

25. Are there restrictions on the making of loans by foreign lenders or granting security (over all forms
of property) or guarantees to foreign lenders?

Transactions involving loans by foreign lenders must be approved by both the:

• Department of Industry, under the Foreign Investment and Technology Transfer Act 1992.
• Nepal Rastra Bank, under the Foreign Exchange (Regulation) Act 1962.

The Nepal Rastra Bank has issued a notice that it will not approve transactions with interest rates above one-year
LIBOR + 5.5% for corporate borrowing. Creating pledge over shares and providing guarantees to foreign lenders
also requires the approval from the Nepal Rastra Bank.

Mortgaging immovable assets in the name of foreign lenders directly also requires a separate approval of the
government of Nepal.

26. Are there exchange controls that restrict payments to a foreign lender under a security document,
guarantee or loan agreement?

The remittance of interest, principal and fees by Nepalese borrowers to foreign lenders requires the approval of
Nepal Rastra Bank. The Nepal Rastra Bank currently has a policy of requiring approval for each transfer.

Brexit

27. If UK financial institutions no longer have "passporting" rights in the EU after Brexit, what
regulatory requirements would a UK lender have to comply with to make a loan to, or purchase a loan
made to, a borrower in your jurisdiction?

Not applicable for Nepal.

© 2018 Thomson Reuters. All rights reserved. 15

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

28. Will a UK financial institution require a licence to lend after Brexit? Will a UK lender be able to
take security from a borrower in your jurisdiction?

Not applicable for Nepal.

Taxes and fees on loans, guarantees and security interests

29. Are taxes or fees paid on the granting and enforcement of a loan, guarantee or security interest?

Documentary taxes
Documentary taxes are not applicable in Nepal.

Registration fees
Mortgage registration fees of NPR50,000 maximum apply when granting mortgages for lenders licensed in Nepal
and on 1% of loan amount to other persons. The Secured Transaction Registration Office charges NPR500 per
notification.

Notaries' fees
Notary fees are not applicable.

30. Are there strategies to minimise the costs of taxes and fees on the granting and enforcement of a
loan, guarantee or security interest?

There are no such strategies.

© 2018 Thomson Reuters. All rights reserved. 16

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Reform

31. Are there any proposals for reform?

The Nepal Government is considering reforming its laws relating to foreign investment. This will have an impact
on loans from foreign lenders. It has been proposed that a single window service will be provided for foreign equity
and loan investment transactions.

Online resources

Nepal Law Commission

W www.lawcommission.gov.np/

Description. The Nepal Law Commission website contains a database of legislation applicable in Nepal.
It also contains unofficial English translations.

Nepal Rastra Bank

W www.nrb.org.np/

Description. The Nepal Rastra Bank is the central bank of Nepal. Its website contains laws, regulations
and circulars applicable to banks and financial institutions, and includes English translations.

Contributor profiles

Anjan Neupane, Partner

Neupane Law Associates

T +977 1 4101631
F +977 1 4101633
E anjan@neupanelegal.com

© 2018 Thomson Reuters. All rights reserved. 17

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

W www.neupanelegal.com

Professional qualifications. Advocate, Nepal Bar Council

Areas of practice. Banking and finance; corporate; M&A; dispute resolution.

Non-professional qualifications. LLB (Hons.) First Class, University of Aberdeen, UK

Recent transactions/activities

• Bank of China and other lenders in USD200 million guarantee backed financing for Hongshi
Cement Project.
• FMO, DEG, OFID and other lenders in USD142.5 million financing for Lower Solu Hydropower
Project (82 MW).
• IFC, HIDCL and NIC Asia Bank in USD90 million financing for Kabeli-A Hydropower Project.
• Various international banks such as Deutsche Bank, Mashreq Bank, Bank Julius Baer, ANZ, Bank
of East Asia, and others in cross border banking and financing regulations.

Languages. English, Nepali

Professional associations/memberships. Nepal Bar Association, International Bar Association.

Balkrishna Neupane, Senior Partner

Neupane Law Associates

T +977 1 4101631
F +977 1 4101633
Ebkn@neupanelegal.com
W www.neupanelegal.com

Professional qualifications. Senior Advocate, Supreme Court of Nepal

Areas of practice. Banking and finance; banking litigation.

Non-professional qualifications. BL, Nepal Law Campus

Recent transactions/activities

• Active representation of financial institutions and borrowers in various proceedings before the
Supreme Court of Nepal and High Courts.
• Advised various national and international banks on loan recovery, banking, and assets.

Languages. English, Nepali

© 2018 Thomson Reuters. All rights reserved. 18

Lending and taking security in Nepal: overview, Practical Law Country Q&A w-015-8941...

Professional associations/memberships. Nepal Bar Association.

END OF DOCUMENT

© 2018 Thomson Reuters. All rights reserved. 19