This page updated regularly deals with securitization developments in Luxembourg. If you have any news or development to contribute to this, please write to me.
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In March 2004, a new securitisation legal regime was enacted in Luxembourg. This compact European jurisdiction was being used as a domicile for several European transactions even earlier. But with the enactment of the new law, the objective of the lawmakers to establish Luxembourg as a popular haven for transactions in the region was clear.
The new law serves several purposes – apart from granting tax neutrality to SPVs, it also makes it possible to have protected cell companies as SPVs – that is to say, a single SPV serving several transactions.