Notes ("obligations") are negotiable instruments of a collective character conferring creditor rights to their holders ("obligataires") to the benefit of both the issuer (enabling it to rapidly secure funds) and noteholders...

On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise...

Luxembourg will further increase the attractiveness and competitiveness of its restructuring and insolvency framework – the law on business preservation and modernisation of bankruptcy...

The Luxembourg Parliament voted on 23 March 2023 to reform and modernise Luxembourg arbitration law through changes to the New Code of Civil Procedure.

Luxembourg is one of the leading domiciles worldwide for international investment portfolio acquisition vehicles.

A Luxembourg bill of law creating an administrative dissolution procedure without liquidation, forming part of a long overdue substantial insolvency law reform project, should be approved and implemented in 2022.

A new law (New Law) implementing the EU Directive on cross border conversions, mergers and demergers (Mobility Directive) entered into force on March 2, 2025.

The Law of 7 August 2023 on business preservation and modernising bankruptcy law introduces three new judicial reorganisation procedures.

In this edition, we are focusing on the 2024 calendar year rulings we identified to be the most relevant for actors navigating the corporate sector. Subject matter includes, among other topics:

The long-awaited new Luxembourg law on business preservation and modernisation of bankruptcy law voted by the Luxembourg Parliament on 19 July 2023 (the Law)...

The number of companies incorporated in Luxembourg keeps on growing at a steady pace, and for each of them, successful or not, a liquidation may at some stage have to be considered.

On 19 July 2023, a new law was adopted by Luxembourg Parliament that entirely rewrites Luxembourg bankruptcy law as well as the preventative...

Much ink has been spilled since the entry into force of the long-awaited Luxembourg law on business preservation and modernisation of bankruptcy law.

The Luxembourg government has taken an ambitious set of measures to help self-employed and companies including SMEs and entrepreneurs manage the economic consequences of the COVID-19 pandemic.

If the recent decision1 by the Regional Court in Frankfurt declining recognition of an English court's sanction of a Restructuring Plan (RP) is upheld on appeal...

The Act of May 20 2011 implements EU Directive 2009/44/EC (amending the EU Settlement Finality Directive and the EU Collateral Directive), and amends the Collateral Act of August 5 2005.

During the second half-year of 2014, no less than five entities of the Luxembourg holding structure of the family controlled Banco Espirito Santo Group have been declared bankrupt by the said Court.

A large number of international corporate groups conducting their activities all over the world have holding or finance companies in Luxembourg.

Financials was the leading sector with approximately 53% of total completed EMEA distressed debt restructuring deal volume.

Two broad themes are currently emerging in relation to European private equity real estate financing.