Sign Up Finance and Banking Law
A lender-borrower relationship underpins banking and finance law. The ability to manage and negotiate financial transactions for the benefit of both parties requires balancing legal and commercial interests.
Lesotho’s Financial Institutions Act 2012 regulates, inter alia, investment in the banking and non-banking financial sector. It provides for the authorization, supervision and regulation of banking and non-banking financial institutions and ancillary financial service providers.
According to the Act, any company intending to operate as a financial institution may not be registered without "prior written approval of the Commissioner". It also grants the Central Bank of Lesotho investigatory and regulatory powers over financial entities.
Our team of finance and banking lawyers is on hand to discuss your legal needs. Contact Webber Newdigate today.
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