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Par Charles DEQUAIRE et Dorian RIGAUD, EY Luxembourg*
1. Introduction
Leasing transactions have become an integral part of the world’s economy. Depending on the type of asset and the company’s specific operations, it may sometimes be more economical and cost-efficient to lease various kinds of assets rather than buying them. In some jurisdictions, laws and regulation dictate that some assets should not be bought (for example, purchase of real properties by foreign investors), so entities are only allowed to lease them.
The banking industry is not so different. It is common for banks to be a lessee of various kinds of assets such as office...
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