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Murjan 4 Building,Um Asharayet,
Ramallah,Palestine,

Phone:

+97022987272/3

Email:

Ramallah@AtterehGroup.com

Banking and Finance

This firm is well regarded in the region for its work in banking and insurance law, where it represents many important local and international financial institutions, both in court and in an advisory capacity.

Chambers Global 2015

Not only is our banking and finance practice one of the first areas we practiced since first established in 1979, HAG is one of the early pioneers practicing this area of law in Palestine. Since the early 2000s, we have advised and acted for foreign and local banks wishing to expand their businesses to, and outside of Palestine. Renowned for their intellectual rigor, our banking and finance lawyers develop innovative solutions for our clients.

At HAG, our banking and finance team has developed a wide experience in banking and finance regulatory matters. Thus, to ensure the optimum legal advice for our clients in the banking and finance sector, our team maintains up-to-date and thorough knowledge of the Palestine Capital Market Authority and the Palestine Monetary Authority’s (“PMA”) rules, regulations and circulars.

We advise and provide legal services to our financial institution clients with a wide range of matters, including:

  • Representation before courts and enforcement proceedings/departments in relation to borrower defaults, including mortgage repossessions and redemptions;
  • Pre-action collection and recovery of debt;
  • Drafting loan agreements including pledge agreements;
  • Representing banks and financial institutions before competent authorities (such as the Ministry of National Economy and the Monetary Authority) for matters such as registration and filing of required documents;
  • Licensing for foreign and local branching;
  • Minimum requirements such as capital, reserve, banks’ disclosure requirements, corporate governance and compliance risk;
  • Sharia compliant banking and finance activities;
  • Commercial and financial transactions relating to movable and immovable property;
  • Legality and any limitations (e.g. legal restrictions on enforceability and/or perfection) on proposed financing structures and security packages;
  • Methods of debt recovery and collection on individual matters;
  • Available courses of action against debtors, including the securing of rights on movable property;
  • Applicable commercial laws pertaining to, inter alia, cheques, promissory notes, current accounts…etc
  • Applicable companies’ laws pertaining to corporate borrowers, reviewing the borrower’s articles of association, bylaws, registration and amendment certificates, reviewing the proper incorporation and licensing of the corporate borrower.