Loyens & Loeff advised Diarough Group
Loyens & Loeff advised Diarough Group (one of the world’s leading diamond manufacturers) in relation to its trade receivables securitisation programme, which successfully closed in January 2020.
Under this cross-border programme, a Luxembourg securitisation fund issues notes which are backed by trade receivables (relating to diamonds) originated by various entities from the Diarough Group. The programme has several innovative features. The Loyens & Loeff team assisted with all Luxembourg and Belgian related aspects, including the establishment of the securitisation fund, the structuring of the transaction and the preparation of the relevant transaction documents.
Diarough Group is one of the world’s leading diamond manufacturers and it launched the diamonds backed securitization programme in order to obtain an alternative source of financing.
The Belgian team consisted of Marc Vermylen, Sarah Libregts and Mathias Diricx.
The Luxembourg team consisted of Vassiliyan Zanev, Natalja Taillefer, Sarah Ambulante and Andres Montana.
Marc VermylenManaging Partner Belgium Attorney at Law
Marc Vermylen is managing partner of Loyens & Loeff Belgium and heads the Banking & Finance Practice Group in Brussels. He is recognised worldwide as an expert and influential lawyer in banking law and finance law.T: +32 2 743 43 15 M: +32 475 52 31 66 E: firstname.lastname@example.org
Vassiliyan ZanevPartner Attorney at Law / Avocat à la Cour
Vassiliyan Zanev, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. He focuses on fund finance, securitisation, debt issuances and real estate finance.T: +352 466 230 257 M: +352 691 963 090 E: email@example.com
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