The legal committee (Commission juridique) of the Chamber of Deputies very recently adopted a 100-page document containing proposed amendments to bill of law 5730 (the “Bill of Law”) modernising the law on commercial companies of 10 August 1915 (the “1915 Law”). The Bill of Law constitutes a further milestone in the modernisation process of Luxembourg corporate law initiated through the adoption of various legislative instruments over the past decade. In undertaking this process, the legislator has pledged to remain consistent with the core principles of the 1915 Law, namely “contractual freedom for shareholders” and “security for third parties”. A substantial number of proposed amendments to the 1915 Law are contained in the revised Bill of Law which, in accordance with the above principles, would not only maintain but also enhance the flexibility and legal certainty of Luxembourg corporate law should they be adopted in their current proposed form. For a short overview of the proposed amendments, please click the link below:

Contacts

Laurent Schummer

Partner

Corporate Law, Mergers & Acquisitions, Private Equity & Real Estate, Capital Markets

Pierre Beissel

Partner

Corporate Law, Mergers & Acquisitions, Private Equity & Real Estate

Sébastien Binard

Partner

Corporate Law, Mergers & Acquisitions, Private Equity & Real Estate

YOU MIGHT ALSO WANT TO DISCOVER

15/10/2019
Budget 2020: advance tax confirmations granted before 1 January 2015 no longer binding

On 14 October 2019, the Luxembourg government filed the 2020 budget bill with the Luxembourg parliament.

Read More_
Corporate Governance and liabilities of the management body
Understanding Securitisation
enhance
your
experience
unfortunately, you can not personnalize your browsing on this page

Would you like to configure your browsing experience at arendt.com?

Let us know your profile and favourite topics

You are

Banking and Financial Services

Fund Industry

Private Clients
Private Sector

Public Sector