Deloitte Legal Central Europe Guide to Non-performing Loan Transfers

As a result of increasing NPL transaction activity in the CE region, familiarity with the specific legalities of transferring NPLs in various jurisdictions can help investors safely conduct business outside their home countries. Investors need current, easy-to-use information relative to NPL transfers in the jurisdictions where they do business. Consequently, the Deloitte Legal Guide to NPL Transactions was produced by legal practices of Deloitte Central Europe (Albania, Bulgaria, the Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia ). It was prepared based on legal research carried out in 2015 in each of these jurisdictions, and includes country-specific information provided by local lawyers. This guide is intended to be a useful tool for investors and banks involved in NPL transactions, tackling complex issues relevant to these transactions. Topics covered for each jurisdiction include:

• Transferability of NPLs
• Capacity requirements on the buy side
• Means of transfer and consent of the borrower
• Security transfer
• Bank secrecy and data protection