Training Session

Thursday
Apr 20, 2023
9:30 AM

To

Thursday
Apr 20, 2023
12:30 PM
Where ?
N/A
This is an online training
Who ?
Speakers

Objectives

This information-packed training session is intended to give participants a general understanding of securitisation from the perspective of both Luxembourg and EU law, using concrete examples to explain the legal, tax and regulatory frameworks governing this process.

Upon completion of this training, participants will:

  • have an overview of securitisation transactions,
  • be able to identify the different actors in a securitisation transaction and their role in it, and
  • have an understanding of the legal and tax issues associated with these transactions.

Content

Legal and regulatory framework governing securitisation transactions:

  • Analysis of the key concepts in the law of 22 March 2004 on securitisation, as amended by the law of 25 February 2022
  • Analysis of the key concepts in EU Regulation 2017/2402 of 12 December 2017 creating a general framework for securitisation

 
Main legal issues in securitisation transactions:

  • Which assets are suitable for securitisation?
  • How do you choose the right securitisation structure?
  • Active versus passive management – Which rules apply?
  • Which securitisation structures are subject to supervision?
  • Securitisation vehicles and the AIFMD
  • Compartments – How are they made and what do they do?
  • What about taxation? – Direct taxes; VAT; ATAD I, II and III

 
Other practical aspects of securitisation transactions:

  • Limited recourse, non-petition and subordination clauses
  • Stakeholders and their roles
  • Who are the beneficial owners, shareholders or bondholders?
  • Case studies
     

Speaker

Laura Archange (Counsel, Bank Lending & Structured Finance, Arendt & Medernach).

Target Group

Bankers, investment managers, accountants, auditors, legal and tax practitioners, lawyers and other individuals for whom an understanding of securitisation would further their career.

Duration

3,5 hours.

Language

English

Price

€550 

 

 

For any information, please contact us by e-mail at institute@arendt.com

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Laura Archange

Laura Archange is a Counsel in the Finance & Capital Markets practice of Arendt & Medernach. She specialises in the fields of securitisation, financing and sustainable finance. Laura has significant experience structuring both public and private securitisation transactions and related issuance of debt instruments. She is well versed in credit enhancement mechanisms, and in both Luxembourg securitisation law and EU securitisation legislation. She is a member of the securitisation working groups of the Association of the Luxembourg Fund Industry (ALFI) and the Luxembourg Capital Markets Association (LuxCMA). Laura also assists international clients with various types of financing, including re...

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