Clifford Chance

Clifford Chance has advised the Fonds de garantie des dépôts Luxembourg on a EUR 1 billion syndicated credit line

International law firm Clifford Chance has advised the Fonds de garantie des dépôts Luxembourg (FGDL, Luxembourg Deposit Guarantee Fund) on a Luxembourg law syndicated credit line of EUR 1 billion granted by a syndicate of major banks.

The FGDL constitutes the deposit guarantee scheme (DGS) officially recognised in Luxembourg and ensures the compensation of depositors in case of unavailability of their deposits and the aim of this EUR 1 billion syndicated credit line is to provide additional liquidity sources to the FGDL to the extent required.

The core team advising FGDL on this complex matter was led by partner Martin Wurth, supported by senior associate Margaux Félix and associate Victor Cobuscean. Further support was provided by partner Steve Jacoby and senior associate Alexandre Sensi in Luxembourg and by partner Jonathan Lewis in Paris.