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Creditis Servizi Finanziari and Columbus HoldCo structure securitization of receivables under new STS requirements

August 2019

Client(s) Creditis Servizi Finanziari and Columbus HoldCo

Jones Day provided legal advice, as to Italian law and reviewing counsel, to Creditis Servizi Finanziari (as originator) and its controlling shareholder Columbus HoldCo, managed by Chenavari Investment Partners, in all relevant aspects of the new "STS" securitization of receivables arising from consumer loans disbursed by Creditis Servizi Finanziari S.p.A., an Italian financial intermediary controlled by Chenavari, including with respect to the compliance with the STS requirements.

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