Restructuring and insolvency in Luxembourg: overview | Practical Law

Restructuring and insolvency in Luxembourg: overview | Practical Law

A Q&A guide to restructuring and insolvency law in Luxembourg.

Restructuring and insolvency in Luxembourg: overview

Practical Law Country Q&A 6-501-9478 (Approx. 17 pages)

Restructuring and insolvency in Luxembourg: overview

by Anne-Marie Nicolas, Véronique Hoffeld and Richard Steichen, Loyens & Loeff Luxembourg SARL
A Q&A guide to restructuring and insolvency law in Luxembourg.
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.