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Luxembourg has clearly developed as a dominant platform for international securitization transactions, says Allen & Overy Luxembourg. A new position by the national regulator CSSF now opens a whole new market for issuers. According to the international law firm, the concept of securitization has suffered from bad press. Paul Péporté, Senior Associate of Allen & Overy Luxembourg explains why one should not limit this concept to the repackaging of US mortgage loans.
With the implementation of Luxembourg’s Securitisation Act of 2004, Luxembourg has become an attractive jurisdiction for structured vehicles. Can you give us some reasons?
It is true that with the implementation of the Luxembourg act of 22 March 2004 on securitisation, as amended (the...
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