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05 May 2021 / article

A guide to restructuring and insolvency law in Luxembourg

Anne-Marie Nicolas, Véronique Hoffeld and Richard Steichen provide an overview of restructuring and insolvency law in Luxembourg in a Q&A format.

The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.

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