Albeit not due to its restructuring and insolvency laws, Luxembourg is generally considered a creditor-friendly jurisdiction due to the very wide implementation of the Directive 2002/47/EC on financial collateral arrangements and remains a key jurisdiction in international debt restructurings and LBOs.

Partners Anne-Marie Nicolas and Veronique Hoffeld contributed to the Luxembourg chapter where they gave an overview of Restructuring & Insolvency Laws & Regulations before delving into key issues to consider when the company is in financial difficulties, restructuring options, insolvency procedures, tax, employees, cross-border issues, the future and more.