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ARTICLE · 07 NOVEMBER 2024

Banking & Finance 2024: Trends And Developments

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Luxembourg law of 7 August 2023 on the preservation of companies and the modernisation of bankruptcy law (the "Reorganisation Law") and its corresponding impact in the context of finance transactions.

LuxembourgFinance and Banking
Arnaud Arrecgros
Arnaud Arrecgros
Yann Hilpert
Yann Hilpert
Maurice Honnen
Maurice Honnen
Arina Belikova
Arina Belikova
David De Pasquale
David De Pasquale
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Luxembourg law of 7 August 2023 on the preservation of companies and the modernisation of bankruptcy law (the "Reorganisation Law") and its corresponding impact in the context of finance transactions.

The Reorganisation Law, which transposes into national law Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efÏciency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (Directive on restructuring and insolvency) (the "Restructuring Directive"), entered into force on 1 November 2023.

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