August 12 2008
Following Ordinance 2008-556, dated June 13 2008 and implementing the EU Reinsurance Directive (2005/68/EC), Decree 2008-711 was adopted on July 17 2008. It reforms the legal framework of the French special purpose securitization vehicle, the former debt mutual fund (fonds commun de créances), by changing rules regarding:
For further information on this topic please contact Philip Boys at Lovells by telephone (+33 1 53 67 47 47) or by fax (+33 1 53 67 47 48) or by email (firstname.lastname@example.org). The Lovells website can be accessed at www.lovells.com.
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