Clifford Chance
Luxembourg Goes 'Green' - Introduction of a New Luxembourg Renewable Energy Covered Bond Regime
30 July 2018
The Luxembourg law provisions on covered bond banks (banques d'émission de lettres de gage) and covered bonds (lettres de gage, Pfandbriefe) have been amended by a new law of 22 June 2018 modifying the financial sector law of 5 April 1993 ("FSL") to introduce renewable energy covered bonds (the "RECB Law").
