Modernisation of Luxembourg Company Law: Unequal Value Shares and Shares Below Par Value

The Luxembourg Companies Act of 10 August 1915, as amended inter alia by the Act of 10 August 2016 (the "Act"), allows the issuance of shares with unequal value by a société anonyme (S.A.) and a société à responsabilité limitée (S.à .rl.). The new rules, based on Belgian company law, provide additional flexibility to structure the share capital of an S.A. and an S.à r.l. and to regulate the voting rights of shareholders. Click here for more.
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