7 March 2013
There is a great demand for bank selling and purchasing standards structured for the German loan market. To help address this need, Mayer Brown, as one of the founding members of, and counsel for, Deutsche Kreditmarkt-Standards e.V., recently drafted a form “confidentiality agreement” to be used in loan portfolio transactions.
Used in conjunction with our Servicing Agreement and Sale and Purchase Agreement forms, which we included in our Legal Updates of December 2012 and January 14, 2013, this form should enable German banks and investors to prepare and process transactions in the loan market. We are glad to share these agreements with you and will keep you posted on further developments.
German and English language versions are attached to this Legal Update.
For more information about this agreement, please contact
at +49 69 79 41 2951 or
at +49 69 7941 2751.