In the context of a securitisation transaction pursuant to Law 130/99, Osborne Clarke's Banking & Finance department assisted a leading Italian credit institution in the financing granted in favour of Saffi 130 S.r.l., for the purchase, on a revolving basis, of portfolios of tax credits deriving, in relation to renovation works, from the so-called Ecobonus tax deductions. The transaction was realised through an assignment of the tax credits by clients of Very Fast People to the vehicle company Saffi 130 S.r.l.
Osborne Clarke's team led by partner Andrea Pinto, assisted by associate Laura Cipollone, advised on the negotiation and execution of the financing transaction, as well as the related securitisation contracts.
Hogan Lovells advised Saffi 130 S.r.l. in the securitisation and financing transaction.