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GLN SECURITISATION PRACTICE
Contact: Gilles
Saint Marc
GIDE LOYRETTE NOUEL
Tel: +33 (0) 1 40 75 2934
www.gide.com
GLN SECURITISATION LAWYERS
Gide Loyrette Nouel's securitisation group in Paris
and London and Gide Loyrette Nouel's foreign offices in Bucharest,
Budapest, Istanbul, Moscow, Prague and Warsaw have forged a securitisation
practice so that new and existing clients will be able to exploit
securitisation opportunities as they arise on a national or international
level.
The practice builds on GLN’s strong securitisation
capacities in Paris and London and GLN's strong presence in Czech
Republic, Hungary, Poland, Romania, Russia and Turkey through GLN's
network of offices and GLN transactions in Belarus, Bulgaria, Croatia,
Estonia, Georgia, Latvia, Lithuania, Serbia, Slovenia, Slovakia
and the Ukraine. Where GLN does not have an office, GLN is active
through GLN lawyers on specific projects or through corresponding
law firms.
Through the close involvement of the securitisation
group in Paris, New York and London clients will receive securitisation
advice from market leaders from countries where securitisation is
advanced and sophisticated. By the securitisation group in Paris
and London working together with other GLN lawyers, the GLN Securitisation
Practice will be able to offer creative and novel securitisation
structures to clients seeking to take advantage of securitisation
transactions.
WESTERN EUROPE
France
More....
United Kingdom
The United Kingdom is the largest single securitisation market in
Europe, and its dominance is increasing.....
More...
CENTRAL AND EASTERN EUROPE
Belarus
For more information on securitisation in Belarus please contact
David Lasfargue
Bulgaria
Although the securitisation concept is new in Bulgaria, the recently
enacted legislation governing the so-called Special Purpose Investment
Vehicles ("SPIV") entitled to carry out securitisation
transactions is expected to open interesting opportunities in the
financial market. For more information on securitisation in Belarus
please contact Bruno Leroy
Croatia
More...
Czech Republic
There is currently no specific legal framework in place for securitisation
type transactions in the Czech and Slovak Republics, though a recent
transaction has been carried out in relation to credit card receivables.
Companies are increasingly looking at new financing
techniques as part of their restructuring plans, besides traditional
bank borrowing. Following the successful privatizations of leading
banks in both jurisdictions, financial institutions are also gradually
broadening their financial product range. Securitisation, factoring
and leasing are all different methods of financing that may have
an important role to play. A growing demand for securitisation transactions
can therefore be expected. More...
Estonia
For more information on securitisation in Estonia please contact
David Lasfargue
Georgia
For more information on securitisation in Georgia please contact
David Lasfargue
Hungary
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Latvia
For more information on securitisation in Latvia please contact
David Lasfargue
Lithuania
For more information on securitisation in Lithuania please contact
David Lasfargue
Poland
Strong opportunities exist at present in relation to the carrying
out of securitisation transactions in Poland, although legally securitisation
is here still at an early stage of development. Several transactions
have been carried out in the last years, some of them being refinanced
on the international financial markets. Because of that, Polish
securitisation market is yet more exacting and complex than in fully
grown economies. Harmonization of Polish legal framework with that
of the European Union is expected to significantly facilitate securitisation.
More....
Romania
It is expected that the development of mortgage financing will be
the first one to generate opportunities for securitisation transactions
in Romania. Although presently there is no general legal framework
governing securitisation transactions, provisions exist as to mortgage
loans. More....
Russia
Important legal obstacles still prevent Russian companies from using
securitisation as an efficient form of financing.
It should be noted that, under the present Russian
legislation, isolation of the assets transferred to a special purpose
vehicle (“SPV”) cannot be guaranteed, which considerably
undermines the potential development of securitisation in the Russian
Federation. More....
Serbia
For more information on securitisation in Serbia please contact
Jacques de Servigny
Slovakia
There is currently no specific legal framework in place for securitisation
type transactions in the Slovak Republic.
Companies are increasingly looking at new financing
techniques as part of their restructuring plans, besides traditional
bank borrowing. Following the successful privatizations of leading
banks, financial institutions are also gradually broadening their
financial product range. Securitisation, factoring and leasing are
all different methods of financing that may have an important role
to play. A growing demand for securitisation transactions can therefore
be expected. More...
Slovenia
For more information on securitisation in Slovenia please contact
Jacques de Servigny
Turkey
Regarding Turkish law, there is no obstacle to the structuring of
a securitisation transaction. Articles 162, 163, 167 and 168 of
the Turkish code of obligations are applicable to transfer of receivables
in general and two more specific communiqués issued by the
Turkish Capital Market Board regulate securitisation: Communiqué
III - 14 entered into force on July 29, 1992 and Communiqué
III - 17 entered into force on December 27, 1994. More....
Ukraine
For more information on securitisation in Ukraine please contact
David Lasfargue
NORTH AMERICA
United States
More....
GLN SECURITISATION
LAWYERS
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