A growing list of multinational banks are banning employees from staying at hotels owned by the Sultan of Brunei. chief risk officer and member of the management board at Deutsche Bank said in a.
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J.P. Morgan Chase & Co., the largest bank in the United States, has joined a rapidly growing number of banks and other business firms boycotting nine international hotels owned by the Sultan of Brunei.
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FRANKFURT (Reuters) – Deutsche Bank has banned its staff from staying in hotels of the Brunei-owned Dorchester Collection, following the Sultanate’s decision to implement Islamic laws that would allow.
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The alternative is simply a bank loan but the task is to persuade a bank to offer a loan on a company with all or majority foreigners. Scientific Capital was able to structure a conventional loan for this property in spite of the fact that it was a lender owned hotel and was acquired by a company with majority ownership of foreign investors.
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