04.10.2023Emilie Gassier, Numa Rengot

A “second chance” for Luxembourg to repay its patience! – Option Droit & Affaires on 4th October 2023

A decade after the initial bill no. 6539 was tabled aimed at protecting companies and modernising bankruptcy regulations introduced on 1st February 2013, the Luxembourg Parliament finally gave way to pressure from the European Commission on 19th July 2023. What mechanisms are now available to company managers so as to overcome financial difficulties?

Column written by Numa Rengot, partner, alongside Emilie Gassier, associate, from our Restructuring – Corporate Recovery – Distressed M&A team and Alexandre Quenouille published in Option Droit & Affaires no. 647 on 4th October 2023.