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Clifford Chance

Clifford Chance

Briefings

EU Commission's latest letter of formal notice to Luxembourg: Luxembourg to revisit the transposition of the interest barrier rule for securitisation entities

20 May 2020

On 14 May 2020, the EU Commission issued two letters of formal notice to Luxembourg regarding (i) the application of the EU interest barrier rule to Luxembourg securitisation entities and (ii) the tax treatment of certain securitisation transactions carried out in Luxembourg. The present briefing will focus on the former.

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