Luxembourg:
Extension Of The Possibility To Organise Virtual Board And Shareholder Meetings Until 31 December 2022 And Of The Suspension Of The One-Month Deadline To Declare Bankruptcy Until 30 June 2022
29 December 2021
NautaDutilh Avocats Luxembourg
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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 and shareholder meetings, even if their
articles of association provide otherwise, or physical meetings if
they respect the applicable sanitary conditions.
Furthermore, the Act of 17 December 2021 has amended the Act of
19 December 2020 on the temporary adaptation of certain procedural
provisions in civil and commercial matters and extended until 30
June 2022 the suspension of the one-month deadline to declare
bankruptcy (Art. 440 Commercial Code).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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