Covid-19 coronavirus: key legal considerations for bancassurance arrangements
Partner - ASEAN
Partner, Ginting & Reksodiputro in association with Allen & Overy
Ho Chi Minh City
Counsel, Ginting & Reksodiputro in association with Allen & Overy
20 April 2020
The ultimate consequences of the Covid-19 coronavirus pandemic remain unclear, but banks and insurers have begun to take stock of the potential risks and liabilities that they may face.
Bancassurance arrangements are among the more valuable commercial contracts that these financial institutions will need to scrutinise in light of current circumstances. We have summarised certain key legal and contractual issues in bancassurance arrangements that may arise from Covid-19.