Financial Services Tax Insider No. 2/2019
Amendments to the Securitization Law: securitization transactions adopting Real Estate Owned Companies (“ReoCos”)
The Italian Law Decree dated April 30th, 2019 no. 34 (so called “Growth Decree”) introduces several amendments to the Italian law on securitization transactions (law no. 130/1999, also the “Securitization Law”).
Important measures have been taken – among the others – with respect to securitization transactions implemented through the setting up of one or more real estate owned companies (“ReoCos”).