2021 marks a milestone year for Loyens & Loeff – the firm reached its 30th year of practice in Luxembourg. Since its establishment in 1991, the office has grown to become the third largest law firm in the country. The management team takes a look back at 30 years of expertise, challenges and innovation in an ever-changing legal environment.

This country-specific Q&A provides an overview to Restructuring & Insolvency laws and regulations applicable in Luxembourg.

Loyens & Loeff advised DIF Management B.V., an independent infrastructure fund manager, on Dutch and Luxembourg legal and tax aspects of the setting up, structuring, fundraising and closing of DIF Core Infrastructure Fund II.

Recognised for its excellent year 2020, our Litigation team was awarded the ‘Luxembourg Dispute Resolution Firm of the Year’ at the Benchmark Litigation Awards 2021 for the third time in a row. Véronique Hoffeld has also been once again recognised ‘Luxembourg Litigator of the Year’.

This article deals with the insolvency concept of the center of main interests (COMI) under the European Union insolvency legislation, in particular Regulation 2015/848 on insolvency proceedings (the Insolvency Regulation or the Regulation).

On 21 April 2021, the EU Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which will revise and extend the reporting requirements introduced by the Non-Financial Reporting Directive (NFRD). The CSRD is part of a comprehensive package of measures promoting the EU Commission’s objective of directing capital flows towards more sustainable activities.