Special Purpose Companies or Special Purpose Vehicles??? Bespoke article contributed by our experts. Read to learn about both- STA Law Firm
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Special Purpose Vehicles in the Middle East- STA Law Firm
Special purpose companies or vehicles (the SPCs or SPVs) are temporary companies set up to achieve a precisely structured financial operation. SPCs provide an alternative mode of financing transactions. Put imply they are subsidiary companies of a parent company, whose assets are protected front he actions of the parent company. In short, they limit financial risk to the property of the SPC.