Asset managers, life insurance companies and pension funds: engage or explain

On 1 August 2019, the Luxembourg legislator implemented the second shareholder right directive (SRD II) by amending the law of 24 May 2011 relating to the exercise of certain shareholder rights at general meetings of listed companies through the adoption of Bill of Law N° 7402 (as amended, the Shareholder Rights Law).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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