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.

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On 1 July 2020, bill of law 7216B setting up a Luxembourg register of fiducies and trusts (the “RFT”), under the supervision of the Administration de l’Enregistrement, des Domaines et de la TVA (the “AED”), was passed in Parliament (the “RFT Law”).

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