Protecting lenders

MANILA, Philippines - The Center for Global Best Practices has designed a unique program that will enable all types of businesses with local and international credit transactions to protect themselves in their dealings with borrowers. The special one-day seminar. “Best Practices to Protect Lenders in Credit Transactions,” scheduled on June 15 at The Peninsula Manila, is a comprehensive guide to protective mechanisms and security devices, such as loan documentation, credit enhancements, enforcement and debt recovery techniques that lenders should employ in credit transactions. This MCLE-accredited program will feature Rafael A. Morales, managing partner and former head of the banking, securities and finance department of Sycip Salazar Hernandez and Gaitmaitan. Another speaker is Patricia-Ann T. Prodigalidad, partner at Angara Abello Concepcion Regala and Cruz (ACCRA) Law Offices. For more details and all other upcoming seminars, check www.cgbp.org or you may call manila telephone numbers 556-8968/ 69; Cebu lines (032) 512-3106/07 or Baguio (074) 423-5148.