{"investor_group_id":"1","date_received":"2026-02-27","question_original":"1. Legal robustness of the Luxembourg structure : Could you confirm whether a formal Luxembourg legal opinion will be delivered at closing, covering in particular:\r\n- the enforceability of limited recourse and non-petition clauses,\r\n- the effective insolvency remoteness of the ADVANCED compartment,\r\n- and the validity of the ring-fencing vis-\u00e0-vis both the platform and other compartments?","internal_owner_id":"1","draft_answer":"Yes, a formal Luxembourg legal opinion can be delivered at closing.\r\n\r\nThe opinion will cover, in particular:\r\n\r\nEnforceability of the limited recourse and non-petition clauses, confirming that such provisions are valid and enforceable under Luxembourg law and binding upon investors and counterparties;\r\n\r\nEffective insolvency remoteness of the Punta Vista Park Series A compartment, confirming that creditors of other compartments or of the securitisation vehicle generally have no recourse to the assets allocated to the relevant compartment;\r\n\r\nValidity and effectiveness of the ring-fencing mechanism, pursuant to the Luxembourg Securitisation Law of 22 March 2004 (as amended), ensuring proper segregation of assets and liabilities between compartments and vis-\u00e0-vis the platform.\r\n\r\nThe legal opinion will be issued by Luxembourg counsel experienced in securitisation matters and will confirm that the structure complies with applicable Luxembourg law and established market practice.","final_answer":"","status":"In progress","priority":"Medium","version":"V1 2026-02-27","update_date":"2026-02-27","linked_faq_id":"1","notes":"","updated_at":"2026-02-27 11:22:34"}