Luxembourg

Key considerations for bankruptcies of Luxembourg subsidiaries of international groups | DLA Piper Luxembourg

This article highlights certain features of Luxembourg insolvency laws relevant for international groups, which include Luxembourg companies. Following the end of Covid-related support measures and considering the current challenging global economic conditions, the number of bankruptcy filings in Luxembourg has increased recently. Since Luxembourg is an important financial hub, many of such bankrupt companies are …

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New tax treaty between Luxembourg and UK likely to take effect from 2024 onwards | Loyens & Loeff

Luxembourg and the United Kingdom signed a new tax treaty in June 2022 which revises the terms under which both contracting states may exercise their taxing rights. The new treaty differs from its predecessor, which has been in place since 1968, in that it expands its scope of application to Luxembourg collective investment vehicles, it …

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The Luxembourg professional payment guarantee one year later – assessment of Luxembourg’s newest creditor-friendly tool | Loyens & Loeff

A year ago, the Luxembourg government announced the introduction of a new type of guarantee which was intended to better meet the needs of the market in terms of certainty and robustness. The Luxembourg law dated 10 July 2020 (the PPG Law) introduced the ‘professional payment guarantee’ (garantie professionnelle de paiement) (the PPG).