The Special Purpose Vehicle: A ‘Micro Merger’ or Merely a Way of Cooperation? - European Company Law View The Special Purpose Vehicle: A ‘Micro Merger’ or Merely a Way of Cooperation? by Alex Fomcenco - European Company Law The Special Purpose Vehicle: A ‘Micro Merger’ or Merely a Way of Cooperation? Alex Fomcenco 10 1

The purpose of this article is to investigate whether the situation where two companies appear as originators or sponsors behind a Special Purpose Vehicle (SPV) can be described as a merger, although on micro scale. Are the underlying grounds behind the creation of an SPV much different than those in a merger situation? What is actually happening when two enterprises originate an SPV? And what distinguishes an SPV from a joint venture, or is it the same thing?

European Company Law