Luxembourg: Insolvency/Bankruptcy

The Luxembourg government has filed a bill of law proposing targeted amendments to the country's securitisation framework, building on 2022 reforms to address evolving market practices. The proposed changes focus on expanding financing methods, strengthening insolvency protections, enabling compartment-to-compartment investments, broadening security package flexibility, refining active management rules, and clarifying statutory subordination provisions for securitisation vehicles.

Depuis la réforme du 7 août 2023, la procédure de réorganisation judiciaire constitue un nouvel outil pour les entreprises en difficulté.

Depuis la réforme du 7 août 2023, la procédure de réorganisation judiciaire constitue un nouvel outil pour les entreprises en difficulté.

The Luxembourg Law of 5 August 2005 on financial collateral arrangements, as amended (the "Collateral Law"), is recognised by the industry to be creditor-friendly as it provides safe harbour provisions protecting...

In a global economic context marked by uncertainty, the Law of 7 August 2023 on the preservation of businesses and modernization of bankruptcy law in Luxembourg comes at just the right time.

In a decision delivered on 7 June 2024 (2024TALCH02/00950) (the Decision), the Luxembourg District Court provided for substantive clarifications regarding article 10 of the Luxembourg Law...

No stay of proceedings if party was declared insolvent after the oral hearing had concluded and the legal dispute was ready for a decision, R. 311.1 RoP, Art. 41 (3) UPCA

In this article, partner Bertrand Géradin and managing associate David Al Mari from Ogier's Restructuring and Insolvency team in Luxembourg provide a high level summary of the enforcement mechanisms...

This is in accordance with the principles of procedural economy and cost efficiency as well as a fair balance between the legitimate interests of the parties...