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This is the first of a series of two briefing notes published by the Restructuring & Insolvency practice of Arendt on recent or ongoing legislative changes in matters of insolvency law at Luxembourg and EU levels.

The Luxembourg District Court has declared bankrupt the companies ESPIRITO SANTO FINANCIAL GROUP S.A. and ESPIRITO SANTO FINANCIERE S.A.

The Act of 17 December 2021 has extended the transitional measures provided for by the Act of 23 September 2020 until 31 December 2022. In practice, Luxembourg-based companies can hold either virtual board...

Through the EU Directive on Restructuring and Insolvency of 20 June 2019 (EUR 2019/1023, "Directive"), the European Union has imposed an obligation on its member states to offer a more attractive...

The Act of 30 June 2021 has extended the possibility for Luxembourg-based companies to hold virtual board and shareholder meetings until 31 December 2021.

The Luxembourg District Court sitting in commercial matters has declared bankrupt the group parent company ESPIRITO SANTO INTERNATIONAL S.A. on 27 October 2014.

The Law on the Preservation of Enterprises and Modernising Bankruptcy Law dated 7 August 2023 came into force on 1 November 2023. The Law reshaped the Luxembourg...

The Circular applies to credit institutions, investment firms, asset managers and alternative investment fund managers (AIFMs).

The most likely way to have an English scheme of arrangement recognised in Luxembourg would be by applying to the Luxembourg courts for an exequatur recognition procedure.

This is the second of a series of two briefing notes published by the Restructuring & Insolvency practice of Arendt on recent or ongoing legislative changes in matters of insolvency law

European distressed debtors and creditors face uncertainty regarding English law-governed debt and, more generally, their overall restructuring strategy

The European market for sub-investment grade corporate credit is now well established. This has been driven in large part by the ongoing move towards direct lenders as a growing source of debt financing.

Regulation (EC) No. 1346/2000 dated May 29, 2000 regarding insolvency proceedings was applicable in the context of civil proceedings concerning the existence of a right in rem.

In a communication of 18 March 2020, the Luxembourg Business Registers ("LBR") extended by 4 months the period for the filing of the 2019 annual accounts.

On 8 April 2022, Bill of Law 7989 amending the Law of 2 September 2011 regulating the access to the professions of craftsman, merchant, manufacturer and certain liberal professions...

On 8 April 2022, Bill of Law 7989 amending the Law of 2 September 2011 regulating the access to the professions of craftsman, merchant, manufacturer and certain liberal professions...

In this article, published in the 2024 Summer edition of Eurofenix (INSOL Europe), our restructuring specialists in our Luxembourg office explore the concepts of corporate purpose and corporate interest...