Luxembourg: Modernising company law
SUPPLEMENT - THE 2009 GUIDE TO MERGERS & ACQUISITIONS - June 01, 2009
Loyens & Loeff
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14, Rue Edward Steichen
L-2540 Luxembourg
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+352 46 62 30
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The draft bill 5730 aims to amend the Luxembourg law of August 10 1915 on commercial companies, as amended (the Law). The proposed amendments aim to continue the process of modernisation of Luxembourg corporate law and corporate governance rules.
The proposed reform is mainly inspired by the Belgian and French legal systems. Nevertheless, the Luxembourg legislator has taken into account the uniqueness of Luxembourg corporate law in order to develop an original and useful corporate practice.
The scope of the changes contemplated by the draft bill is very broad and relates to the different legal forms of companies and to the various aspects of their corporate life. Within the framework of this limited contribution it is not possible to give an extensive overview of the contemplated changes and it has thus been decided to focus on some of the key amendments proposed by the draft bill.
Transitional regime
The purpose of...
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