Global Sustain
Sign up to the newsletter

Dentons Europe LLP

Dentons Europe LLP

Member: Trial
Since: 02.06.2016

Markgrafenstraße 33, 10117 Berlin, Germany

Dentons advises Volkswagen Financial Services

05.07.2018 Share

Global law firm Dentons has acted as legal counsel to Volkswagen Financial Services (UK) Limited in relation to a £2 billion program for the issuance of asset backed notes by Driver UK Master S.A., Compartment 4. In this transaction, notes in an aggregate principal amount of £500 million have been issued.

The transaction is a revolving cash securitization of hire purchase and personal contract purchase (“PCP”) receivables and related residual cash flows extended by Volkswagen Financial Services (UK) Limited to customers located in the UK.

"This transaction marks a successful start of what we hope will be a long term co-operation between Volkswagen Financial Services and Dentons in this field. It is an important step for us that Volkswagen is relying on us for this program", said Dr. Matthias Eggert, Dentons’ Banking and Finance partner who co-led this transaction.

Dentons has advised Volkswagen Financial Services (UK) Limited with respect to all aspects of German, English, Scottish and Luxembourg law relevant to the transaction and the listing process on the Luxembourg Stock Exchange.

Advisors for Volkswagen Financial Services (UK) Limited: