International Comparative Legal Guide to Securitisation
Global Legal Group Ltd (Verlag)
978-1-83918-340-9 (ISBN)
At the time of writing, in Q2 of 2024, the securitisation markets are engaged and robust in comparison to prior years, with issuance levels high and a new-found optimism in many asset classes. Data suggests FY 2023 securitisation issuance was substantially on a par with the prior year, with c. EUR 213bn of issuance of securitised product in Europe (including for these purposes the UK) in comparison to the c. EUR 203bn of securitised product issued in 2022. Across the full year in 2023, placement vs retained figures were similar to the prior year (c. EUR 94bn, representing c. 44% of issuance placed vs c. EUR 79bn placed in 2022, representing c. 39% of total issuance). As is so often the case in recent years, in Europe, European CLOs were the most active securitised asset class within Europe (including the UK), with EUR 25bn in issuance (followed by UK RMBS and German auto securitisations). The EUR 94bn of estimated securitised issuance in Europe remains a fraction of pre-2008 issuance of course and compares relatively unfavourably with prior years, such as each of 2015–2019 and 2021, which beat (albeit in some instances not by very much) that total.
In no small part related to the continued lack of growth in securitisation issuance in 2023, the pace of global regulation affecting securitisations continued unabated, with the major global regulators across the US, Europe, the UK and other relevant international jurisdictions continuing to press ahead with consultations and rule-making workstreams that will continue to affect issuance and structuring of securitisations across all asset classes and product types (many of which you can read about in the various chapters of this year’s Guide as usual).
It seems as critical and worthy a task as ever, therefore, to maintain an accurate and up-to-date Guide regarding the relevant practices and regulation of securitisation in a variety of jurisdictions. The 2024 edition of this Guide seeks to accomplish that objective by providing global businesses leaders, in-house counsel and international legal practitioners with ready access to important information regarding the legislative and regulatory frameworks for securitisation across 21 individual jurisdictions. It also surveys practices from the perspective of leading and experienced practitioners in these jurisdictions through the expert analysis chapters (which continue to be of even wider scope, and even more thought-provoking content, than previous editions), and our genuine thanks go to all of the many contributors for sharing their knowledge and experience again in this year’s Guide.
We hope that you continue to find the Guide a useful and engaging insight into the world
of securitisation.
Securitisation: Financing the Green Transition - Netanya
Clixby, Arash Dashtgard & Megan Cox, Sidley Austin LLP 1
U.S. and EU CLOs: Market Trends and Recent
Regulatory Developments - Craig Stein, Phillip Azzollini, Daniel Oshinsky &
Martin Sharkey, Schulte Roth & Zabel 7
Regulatory Developments in Securitisation in the
EU, the UK and the USA - Merryn Craske, Eileen J. Ho & Karl Horvath, Morgan
Lewis 14
Securitisation Funds – a Surging Instrument in the
Luxembourg Structured Finance Ecosystem - Vassiliyan Zanev & Tina Fettes,
Loyens & Loeff Luxembourg S.à r.l. 21
Resolution of Disputes in Financial Contracts:
Arbitration vs Litigation - Kingsley Ong, The Asia-Pacific Structured
Finance Association Limited (APSA) 26
Brazil - Levy & Salomão Advogados: Luiz Roberto
de Assis & Fernando de Azevedo Perazzoli 32
Bulgaria - Tsvetkova Bebov & Partners, member
of Eversheds Sutherland: Nikolay Bebov, Konstantin Mladenov & Petar Ivanov
45
Canada - McMillan LLP: Don Waters, Yonatan (Yoni) Petel
& Michael Burns 71
Cayman Islands - Maples Group: James Reeve, Amanda
Lazier & Alicia Thompson 71
England & Wales - Sidley Austin LLP: Rupert
Wall & Simon Nikolov 82
Finland - Waselius Attorneys Ltd: Maria Lehtimäki
& Ann-Marie Eklund 105
France - Orrick, Herrington & Sutcliffe
(Europe) LLP: Herve Tourainé & Olivier Bernard 116
Germany - Allen Overy Shearman Sterling LLP: Dr.
Stefan Henkelmann & Martin Scharnke 131
Greece - Bernitsas Law: Athanasia Tsene 148
Ireland - Mason Hayes & Curran LLP: Daragh
O’Shea, Andrew Gill, Eoin Traynor & Jamie Macdonald 162
Jersey - Maples Group: Paul Burton & Amy Black
176
Luxembourg - GSK Stockmann: Andreas Heinzmann &
Katharina Schramm 189
Netherlands - Freshfields Bruckhaus Deringer LLP:
Mandeep Lotay & Damaris Engelschman 207
Norway – Advokatfirmaet Thommessen
AS: Kristoffer Hegdahl, Morten Emil Bergan, Markus Kjelløkken & Helge
Aanensen Kleven 223
Portugal - VdA: Paula Gomes Freire, Benedita Aires
& Sebastião Nogueira 235
Scotland - Brodies LLP: Marion MacInnes, Bruce
Stephen, Peter Brading & Craig Henry 252
Singapore - Oon & Bazul LLP: Oon Thian Seng, Angeline
Woo Mei Yi, Kwong Wen Ying & Loh Su Hean 266
Spain - Cuatrecasas: Héctor Bros & Arnau Pastor
281
Sweden - Roschier Advokatbyrå AB: Johan Häger, Carl
Brodén & Dan Hanqvist 301
Switzerland - Walder Wyss Ltd: Lukas Wyss &
Maurus Winzap 313
USA - Sidley Austin LLP: T.J. Gordon & Pietro
Fontana 326
| Erscheinungsdatum | 25.05.2024 |
|---|---|
| Reihe/Serie | International Comparative Legal Guide to Securitisation ; 17 |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 210 x 297 mm |
| Themenwelt | Recht / Steuern ► Allgemeines / Lexika |
| Recht / Steuern ► EU / Internationales Recht | |
| Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht | |
| ISBN-10 | 1-83918-340-3 / 1839183403 |
| ISBN-13 | 978-1-83918-340-9 / 9781839183409 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
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