On February 21, 2014, Italy enacted Law No. 9 (the “New Law”), which, among other things:
- reduces the tax cost of taking security in connection with notes offerings;
- expands the array of security that can be granted in connection with the issuance of notes;
- introduces new rules which render the investments in corporate bonds more attractive and tax efficient also for investment funds, insurance companies and pension funds; and
- allows the structuring of securitization transactions having corporate bonds as underlying assets and the issuance of collateralized bank bonds secured by corporate bonds.
Please see full memo below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.