Legal Services

Securitisation Vehicles

Setting up structures to meet diverse financing, investment, and risk-transfer objectives.

Securitisation Vehicles

At Leroy & Goldbach, we design and implement securitisation structures that enable clients to achieve flexible, efficient, and investor-friendly financing solutions under Luxembourg’s amended Law of 22 March 2004 on Securitisation. This framework allows the transfer of risks from a wide range of assets to investors through the issuance of financial instruments and/or by contracting loans, offering broad asset eligibility and structural flexibility.

Our services include:

Structuring & Feasibility Memorandum – Assessing the suitability of the Luxembourg securitisation regime for your specific business model, investment strategy, and cross-border objectives.

Legal Set-Up of the Securitisation Vehicle – Drafting and coordinating all legal documentation for the incorporation, first compartment, and service provider arrangements.

Ad-hoc Legal Assistance (Post-Launch) – Ongoing advice on amendments, governance, and subsequent compartment launches.

Legal Framework and Vehicle Types
Luxembourg’s securitisation law supports a wide range of formats and structures:

Legal forms: Securitisation companies (S.A., S.à r.l., SCA, SAS, SNC, SCS or SCSp) or securitisation funds managed by a management company.

Compartmentalised Structures: Independent compartments within one vehicle, ensuring segregation of assets, liabilities, and investors.

Innovative & Hybrid Forms: Support for tokenisation, DLT-based (Distributed Ledger Technology) structures, and hybrid instruments combining debt and equity features.

Key Benefits for Structured Finance
Our securitisation expertise enables clients to capture Luxembourg’s strategic advantages:

Broad Asset Flexibility: Securitise virtually any risk-bearing asset, including loans, receivables, real estate, intellectual property, or even alternative strategies such as private equity or infrastructure portfolios.

Tax Neutrality and Cross-Border Appeal: No subscription tax, only the minimum net wealth tax, and structures designed for tax neutrality.

Financing Versatility: Financing by financial instruments or loans; active management of debt portfolios where the instruments are not offered to the public.

Investor Protection & Market Access: Built-in bankruptcy remoteness, EU private placement compatibility, and distribution to professional investors.

Sustainability & ESG Integration: Support for green and sustainable securitisation initiatives.

Ready to set up your securitisation structure? Speak to a partner about flexible financing and risk-transfer solutions.

Planning a Luxembourg fund or structure?

Speak to a Partner

Your contacts

Virginie Leroy
Virginie Leroy

Managing Partner

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Lissie Goldbach
Lissie Goldbach

Managing Partner

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Francisco V. Pimentel
Francisco V. Pimentel

Partner

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