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The recast Insolvency Regulation of 20 May 2015 embodies a further step towards the harmonisation of European Union insolvency law. The main provisions are set to apply to insolvency proceedings as of 26 June 2017.
The Luxembourg Finance Labelling Agency (LuxFLAG) launched a new label for green bonds which will be granted, after rigorous assessment, to eligible instruments that finance green projects. The objective is to reassure investors that labelled investment vehicles effectively invest in a responsible manner.