SWITZERLAND Law and Practice Contributed by: Johannes Bürgi, Roger Ammann, Lukas Wyss and Maurus Winzap, Walder Wyss Ltd
8.2 Dealing With Legal Issues The accounting analysis and treatment of a securitisation transaction is performed separate - ly from the legal analysis and accounting mat - ters are not addressed in legal opinions in the Swiss market. However, transactions can usually be structured legally in a way that supports the accounting analysis on a case-by-case basis.
including in relation to selected tax aspects of the transaction.
8. Accounting Rules and Issues 8.1 Legal Issues With Securitisation Accounting Rules Typical accounting topics in Swiss securitisation transactions frequently include the derecognition of the assets to be securitised from the balance sheet of the issuer and the non-consolidation of SPEs.
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