In brief
A selection of newly announced legislation and court decisions reinterpreting private law.
Click here to read in Czech.
In brief
A selection of newly announced legislation and court decisions reinterpreting private law.
Click here to read in Czech
In brief
On 1 November 2023, the Luxembourg law dated 7 August 2023, issued from Draft Bill No. 6539A on business preservation and modernization of the insolvency law ("Law" or "Reform"), entered into force.
While initial discussions leading to this Reform started about ten years ago1, the need for suitable instruments to address financial difficulties in businesses was further emphasized by the pandemic, resulting in a notable increase in bankruptcies in Luxembourg since 2021.
In brief
A selection of newly announced legislation and court decisions reinterpreting private law.
Contents
In brief
A selection of newly announced legislation and court decisions reinterpreting private law.
Draft law on preventive restructuring
In brief
On 15 July 2022, a new law ("Law") amending inter alia the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended ("2005 Law"), was adopted.