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TRAINING PROGRAM FOR LEGAL RISK MANAGEMENT IN CREDIT ACTIVITIES AND HANDLING NPLs
TRAINING PROGRAM FOR LEGAL RISK MANAGEMENT IN CREDIT ACTIVITIES AND HANDLING NPLs
In two days, October 27 and 28, 2022, Gattaca Law Firm collaboration with the cooperative bank successfully organized a training program for 40 leaders and credit officers of branches in Hanoi with the topic "Legal risk management in credit activities and non-performing loans (NPLs) handling"
Speaking at the opening ceremony, Mr. Nguyen Thac Tam - Deputy General Director of Cooperative Bank of Vietnam affirmed the significant role of the training program in improving legal knowledge aiming to promote the handling of NPLs, collateral as well as legal risk management in the banking sector.
In the training program, the lawyer and expert Nguyen Thanh Nam shared both theoretical and practical experience in avoiding legal risks in banking activities and answering questions of credit officers related to the handling of NPLs.
After two working days, the training program conducted a session on the contents of identifying legal risks in the operation of Co-op Bank's branch in Hanoi; regulations of the Civil Code 2015 related to bank credit, discussing contracts and secured transactions; issues that need caution in the handling of debt recovery assets; the actual results of inspection of auction and price appraisal organizations and answering questions on civil proceedings, civil judgment enforcement, disseminating alternative dispute resolutions in the banking sector.
According to Dr. Lawyer Nguyen Thanh Nam, there are two methods of resolving contract disputes in the banking sector in Vietnam today: "soft" measures and "drastic" measures. Commercial mediation and commercial arbitration are methods of "soft" measures.
"The advantage of commercial arbitration is that the mediation procedure is conducted quickly, the parties can take the initiative in the time and place; save time and costs compared to the court; secure business secrets, the arbitral award is final and enforceable," shared Dr. Lawyer Nguyen Thanh Nam.
Through the training program, Co-op Bank’s delegates had more information and knowledge to apply in practice, contributing to successfully completing the assigned tasks.
Speaking at the opening ceremony, Mr. Nguyen Thac Tam - Deputy General Director of Cooperative Bank of Vietnam affirmed the significant role of the training program in improving legal knowledge aiming to promote the handling of NPLs, collateral as well as legal risk management in the banking sector.
In the training program, the lawyer and expert Nguyen Thanh Nam shared both theoretical and practical experience in avoiding legal risks in banking activities and answering questions of credit officers related to the handling of NPLs.
After two working days, the training program conducted a session on the contents of identifying legal risks in the operation of Co-op Bank's branch in Hanoi; regulations of the Civil Code 2015 related to bank credit, discussing contracts and secured transactions; issues that need caution in the handling of debt recovery assets; the actual results of inspection of auction and price appraisal organizations and answering questions on civil proceedings, civil judgment enforcement, disseminating alternative dispute resolutions in the banking sector.
According to Dr. Lawyer Nguyen Thanh Nam, there are two methods of resolving contract disputes in the banking sector in Vietnam today: "soft" measures and "drastic" measures. Commercial mediation and commercial arbitration are methods of "soft" measures.
"The advantage of commercial arbitration is that the mediation procedure is conducted quickly, the parties can take the initiative in the time and place; save time and costs compared to the court; secure business secrets, the arbitral award is final and enforceable," shared Dr. Lawyer Nguyen Thanh Nam.
Through the training program, Co-op Bank’s delegates had more information and knowledge to apply in practice, contributing to successfully completing the assigned tasks.
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