REALWorld Law

Real estate finance

Restrictions on payments to foreign lenders

Are there any restrictions on re-payments being made to a foreign lender under a security document or loan agreement?



There are no restrictions on repayments being made to foreign lenders under security documents or loan agreements. However, parties will need to consider their obligations in respect of payment of withholding tax. There are restrictions on payments that have a prescribed connection with certain countries and terrorist groups.