In this article, Sébastien Binard and Valentina d'Eufemia provide an overview of the current general legal framework in Luxembourg for reorganisation proceedings as well as of the upcoming reform of such proceedings which is due to be formally adopted in the coming months. They also perform a critical analysis of the proposed legislation and compare it to the requirements of the EU Restructuring Directive2 given the relative similarity of purpose of such instruments and the obligation made to Member States to implement most of the directive under their domestic law by 17 July 2021.

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Editor:  Mark Fennessy, McDermott Will & Emery UK.

This article first appeared in Volume 18, Issue 1 of International Corporate Rescue and is reprinted with the permission of Chase Cambria Publishing - www.chasecambria.com

🧱 Arendt Restructuring & Insolvency practice_

🏢 Arendt Corporate Law, Mergers & Acquisition practice_

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Sébastien Binard
Partner

Corporate Law, Mergers & Acquisitions
Private Equity & Real Estate

Valentina d'Eufemia
Associate

Arendt & Medernach SA

41A, Avenue JF Kennedy L-2082 Luxembourg info@arendt.com

T (352) 40 78 78 1
F (352) 40 78 04

03/12/2020
Back to 2020 – Forward to 2021
An overview of the major recent legal and regulatory developments that have taken place under Luxembourg and EU law
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