Today, five leading US law firms published a White Paper on the application of the US credit risk retention rules to a typical issuance of securities by a newly formed special purpose vehicle that owns (or will own) a portfolio of aircraft and related leases. The White Paper was prepared by Clifford Chance US LLP, Hughes Hubbard & Reed LLP, Milbank, Tweed, Hadley & McCloy LLP, Pillsbury Winthrop Shaw Pittman LLP and Vedder Price P.C. The White Paper may be viewed here.
