Luxembourg on Insolvency/Bankruptcy

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...

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.