Clifford Chance
SPV comparison - choosing between a Dutch, an Irish and a Luxembourg SPV
14 October 2011
The Netherlands, Ireland and Luxembourg are very popular onshore jurisdictions for the establishment of SPVs (special purpose vehicles) for structured finance transactions. As the markets have become more innovative and efficient in recent years, each jurisdiction has responded within the confines of its legal and tax regime to position itself as the location of choice. The choice is often driven by a comparison between tax or regulatory treatment and between initial or recurring cost. A number of misperceptions seem to persist in this area.
The attached client briefing gives a high-level overview of the key aspects and financial differences to be considered when making the choice between these jurisdictions.
