17 10월 2023
Melinda Perera
- Laurent Benoit
- Mehmet Aktas
Banking - Capital Markets - Debt - Contract and Commercial - Corporate Governance - Crisis Management - Dispute Resolution - Mergers and Acquisitions - Private Equity - Real Estate and Construction - Renewables - Restructuring and Insolvency - Structured Finance - Sustainable Finance - Tax
New Luxembourg Insolvency Law Reform
Part 2: Creditors’ Agreement: the Restructuring Plan
Over the summer, we highlighted the main features of the new Luxembourg law on the preservation of businesses and modernising bankruptcy law (the “Law”).
In a previous publication, we took a closer look at the stay of proceedings (sursis). In this second in-depth alert, we are focusing on the collective agreement with creditors and the restructuring plan, one of the key features of the new judicial reorganisation procedure.
