Luxembourg: Securitization & Structured Finance

The Luxembourg government has filed a bill of law proposing targeted amendments to the country's securitisation framework, building on 2022 reforms to address evolving market practices. The proposed changes focus on expanding financing methods, strengthening insolvency protections, enabling compartment-to-compartment investments, broadening security package flexibility, refining active management rules, and clarifying statutory subordination provisions for securitisation vehicles.

The Luxembourg law of March 3, 2026 transposed the AIFMD II Directive into national law, introducing significant changes to the regulatory framework governing alternative investment funds. This article examines the practical implications for financing transactions involving Luxembourg AIFs, analyzing how the new rules on loan origination, leverage caps, concentration limits, and enhanced disclosure requirements affect both lenders and borrowers in structured finance arrangements.

US private fund sponsors trend towards the use of Luxembourg access points in their fund complexes to tap into the EU investor market. Such an access point qualifies from an EU regulatory perspective...

Invisso hosted the annual Global ABS conference in Barcelona from 4-6 June 2024. The event was a huge success and their largest to date with over 4,800 delegates attending the conference...

Luxembourg has long been a preferred jurisdiction for securitisation transactions with one of the more flexible frameworks in the European Union...

With more than 1,000 securitisation vehicles and thousands of related compartments, the Luxembourg securitisation market has enjoyed a continuous and steady growth.

On 14 May 2020, the European Commission (″EC″) sent formal notice letters to advise Luxembourg and Portugal to remove the exemptions from interest limitation rules currently available to certain securitisation vehicles...

Luxembourg, 2 April 2020 – As is the case every three years, the partners of Arendt & Medernach have decided on the new governance of the law firm.

On 18 July 2019, the Law of 16 July 2019 ("Law") implementing the Securitisation Regulation, the EuVECA Regulation, the EuSEF Regulation,