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Securitisation & Structured Finance

11 June 2019
Vittorio Pozzi Securitisation transactions: new exciting chapter in reform process

Italy - Legance – Avvocati Associati

Decree-Law 34 of 30 April 2019 introduced important amendments to the Italian securitisation framework. Securitisation special purpose vehicles can now play a more active role in the context of non-performing or unlikely-to-pay exposures. Further, a new breed of securitisation has been introduced, where the issuer's obligations are backed by real estate properties (or registered moveable assets) and related cash flows, as opposed to a portfolio of monetary claims.

Author: Vittorio Pozzi
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Italy - Legance – Avvocati Associati

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