News & Analysis as of

Debtors Luxembourg

Hogan Lovells

Luxembourg insolvency law reform: New procedures to safeguard businesses more effectively

Hogan Lovells on

On 1 November 2023, the new Luxembourg law of 7 August 2023 on the continuation of businesses and the modernisation of insolvency law (the “New Law”) entered into force. The New Law introduces new safeguard mechanisms...more

White & Case LLP

Luxembourg Reform of Restructuring Procedures

White & Case LLP on

On 1st November 2023, the new Luxembourg law of 7 August 2023 on the continuation of businesses and modernisation of insolvency law (the "Law") enters into force. This long-awaited reform implements Directive 2019/1023...more

Dechert LLP

New Luxembourg Bankruptcy Law Enhances Luxembourg’s Restructuring Framework

Dechert LLP on

One of the two main objectives of the Law is to implement the 2019/1023 Directive, which itself aims to foster the proper functioning of the EU internal market and remove hindrances to the exercise of fundamental rights and...more

A&O Shearman

Luxembourg Supreme Court extends banks’ duty to individual guarantors

A&O Shearman on

The Luxembourg Supreme Court has ruled on a bank’s obligations when taking a personal guarantee (cautionnement) from an individual to secure a loan of a third-party debtor. The ruling follows the current trend for a clear...more

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