Sale of Home Credit Philippines

ACCRALAW acted as Philippine counsel to HC Philippines Holdings B.V., in connection with the sale of HC Consumer Finance Philippines, Inc. (“Home Credit Philippines”) and its affiliate companies HCPH Financing 1, Inc. and HCPH Insurance Brokerage, Inc, to Bank of Ayudhya PCL, the fifth largest financial group in Thailand, and Mitsubishi UFJ Financial Group, a global financial leader from Japan. Home Credit Philippines is the leading financing company for consumer electronics products and point-of-sale financing in the Philippines with millions of Filipinos as its customer base.

Partners Melissa Angela G. Velarde and Everlene O. Lee led the ACCRALAW team. Senior Associate Dan Bernard S. Sabilala and Associate Nathanael A. Quijano also worked on the project.

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