|
By Pierre HEVER and Corina MOROSANU (Dentons Luxembourg)
After years of legal uncertainty and multiple questions from legal and financial practitioners, the sun finally shone in the Grand Duchy of Luxembourg, following the law of 25 February 2022(1) (“Amending Law”) amending the Luxembourg Securitization Law of 22 March 2004 (as amended from time to time and by the Amending Law) (“Law”).
This article looks at three key amendments to the Law:
a) the explicit possibility for securitization undertakings (“SV(s)”) to take out any type of loan to finance all or part of their securitizations;
b) the possibility for SVs to grant security interests in a...
|