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07 March 2019 Jessamy Gallagher  -  Ian Andrews  -  Stuart Rowson  -  Ruth Knox Technology

Driverless Cars: developments and opportunities for infrastructure players

The advent of driverless cars promises a fundamental transformation of the way we transport people and goods, how we spend time, and how we organise cities, landscapes and economic infrastructure. New regulation across the globe to support the development of driverless cars promises to unlock significant economic opportunities for investors, potentially worth trillions of dollars  if the knock-on impacts of the development of driverless cars are considered.

This report is in two parts. The first part is a survey of the state of driverless car regulation in several key regions. The second is a discussion of several potential infrastructure investment opportunities that will arise as a result of the advent of driverless cars: specifically, in car parking, road infrastructure, and telecommunications towers.
Patrick Geortay
Lessons learned 

“The post-crisis response to the demonization of securitisation has seen regulators, bankers and investors around the world walking an often-bumpy road together to establish a regulatory environment where structured finance can support sustainable economic growth. A more cautious, chastened market is evolving seeking to re-build investor confidence.”

Patrick Geortay Managing Partner

Linklaters Luxembourg
Streamlined legislation

“Within a legal environment that becomes ever more complex, the Luxembourg securitisation law offers after 15 years still some untapped possibilities. New structures are being devised in order to adapt to the new challenges.”

Nicki Kayser Capital Markets and Banking Partner

Linklaters, Luxembourg
Nicki Kayser
Vinay Samani
Spreading risk

“Securitisation provides new investment opportunities for institutional investors in asset classes and products that in the past were accessible only by banks. This provides the potential for generating higher returns for investors but also spreads risk across the financial sector from banks to insurance companies and funds. This diversification offers not only better risk management but also a greater degree of stability and resilience across the financial system.”

Vinay Samani Capital Markets Partner

Linklaters London
Changing tax landscape

“The evolving tax environment and new general tax rules may have an unexpected and undesired impact on more sophisticated types of securitisation transactions. The uncertainty that this creates may lead to new ways of structuring securitisation deals to preserve the tax neutrality for the investors.”

 

Olivier Van Ermengem Tax Partner

Linklaters, Luxembourg
Olivier Van Ermengem
Martin Mager
German opportunities 

“The securitisation market offers, for different reasons, attractive investment opportunities to German institutional investors. For such investors, the Luxembourg securitisation regime generally provides a familiar, stable and efficient environment.”

Martin Mager Investment Funds Managing Associate

Linklaters, Luxembourg
Key Contacts