Restructuring & Insolvency – Briefing note 1/2

This is the first of a series of two briefing notes published by the Restructuring & Insolvency practice of Arendt on recent or ongoing legislative changes in matters of insolvency law at Luxembourg and EU levels.

16/09/2019

An extensive reform of Luxembourg insolvency law has been in the works since the adoption by the Chamber of Deputies of draft bill No. 6539 on business preservation and the modernisation of bankruptcy law on 26 February 2013 (the “Draft Bill”). The parliamentary works have been ongoing since then and are expected to enter into their final stage by the end of the year.

This note aims at summarising the expected changes to Luxembourg insolvency law resulting from the Draft Bill.

Download the full Restructuring & Insolvency briefing 1/2_

Click here to read the second briefing_

YOU MIGHT ALSO WANT TO DISCOVER

23/11/2023
Tax – Luxembourg minimum net wealth tax provisions unconstitutional

On 10 November 2023, the Luxembourg Constitutional Court concluded that §8(2) a) of the law on net wealth tax was contrary to the constitutional principle of equality. Pending legislative reform, the taxpayers concerned will be subject to the minimum net wealth tax of EUR 1,605 w...

Read More_