Ireland is a leading jurisdiction for the establishment of special purpose vehicles (SPVs) for structured finance transactions and the unrivalled strength of the firm’s Capital Markets, Tax, Financial Regulation, Listings and Corporate Services capabilities make Arthur Cox a market leader in this area.
The predominant reasons for Ireland’s popularity as an SPV location include its developed corporate legal system, the fact that it is an ‘on-shore’ jurisdiction, the professional and administrative services that are available locally and its favourable tax regime.
Irish corporate law is effective in removing SPV counterparty risk, so enabling noteholders to be exposed only to liabilities and assets that are intended to be secured.
