New Arbitration Law Coming Into Force On 25 April 2023

On 23 March 2023, the Luxembourg Chamber of Deputies unanimously approved the new Luxembourg arbitration law, subsequently published in the Memorial on 19 April 2023 and entering into force on 25 April 2023. This is the first time since the Napoleonic codification that a law fully reforms these procedural provisions.

This long-awaited reform is provided at articles 1224 to 1249 of the New Code of Civil Procedure (NCPC). It is the outcome of 10 years of efforts by the Luxembourg Think Tank for Arbitration to improve and modernize the Luxembourg arbitration law. It covers all aspects of the arbitration process and is inspired by Belgian law, French law and the UNCITRAL model law on international commercial arbitration with a focus on efficiency and flexibility. It constitutes a significant improvement for the Luxembourg dispute resolution ecosystem and will strengthen the jurisdiction's position as a leading European commercial and financial center.