Loyens & Loeff’s Siobhan McCarthy, Anne-Marie Nicolas and Vassiliyan Zanev on the collateralised loan obligation market in Luxembourg
The global collateralised loan obligation (CLO) market is significantly more developed in the US than in Europe. The European CLO market has increased in recent years and the volume of actively managed CLOs in Luxembourg is expected to grow due to the legal certainty granted by the Law of 25 February 2022. This law amended the Luxembourg law of 22 March 2004 on securitisation (the Securitisation Law) which now allows active management of debt assets held by Luxembourg securitisation vehicles governed by the Securitisation Law (also referred to as securitisation vehicles or SVs).
