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Corporate law


Extension of the right for companies to hold meetings without physical attendance until 31 December

Extension of the right for companies to hold meetings without physical attendance until 31 December
05/07/2021

A new law has been adopted and published on 30 June 2021 to extend, with immediate effect, until 31 December 2021 the measures contained in the amended law of 23 September 2020

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Extension of the possibility to organise virtual shareholder and board meetings and suspension of the one-month deadline to declare bankruptcy until 31 December 2021

Extension of the possibility to organise virtual shareholder and board meetings and suspension of the one-month deadline to declare bankruptcy until 31 December 2021
02/07/2021

The Act of 30 June 2021 has extended the possibility for Luxembourg-based companies to hold virtual board and shareholder meetings until 31 December 2021. 

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Auditing obligations eased for micro and mid-sized social or societal impact companies

Auditing obligations eased for micro and mid-sized social or societal impact companies
01/07/2021

Micro and mid-sized companies having a social or societal impact (société d’impact societal) – referred to here as “SIS” – with turnover or net assets below EUR 1,000,000 are no longer required to appoint an independent auditor.

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COVID-19: Luxembourg extends the possibility to hold company meetings remotely until 31 December 2021

COVID-19: Luxembourg extends the possibility to hold company meetings remotely until 31 December 2021
29/06/2021

Since the Covid-19 pandemic continues to impact the good governance of legal entities, the Luxembourg Government decided to extend for the second time the period during which companies and other legal entities will be able to hold their corporate body meetings remotely.

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New approval regime for Luxembourg financial holding companies

New approval regime for Luxembourg financial holding companies
14/06/2021

What’s new? The Law of 20 May 2021 (“Law" – available in French) transposes the requirement introduced by Directive (EU) 2019/878 (“CRD5”) that financial holding companies and mixed financial holding companies (together “(M)FHCs”) must be approved by their consolidating supervisor.

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Why Luxembourg became attractive for SPAC sponsors

Why Luxembourg became attractive for SPAC sponsors
24/05/2021

Following the boom of special purpose acquisition companies (“SPACs”) or “blank check companies” in the United States, SPACs have also gained momentum in EU markets.

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Luxembourg impact of EU Commission's new guidance on EU merger control referrals

Luxembourg impact of EU Commission's new guidance on EU merger control referrals
11/05/2021

What's new? In a Communication of 26 Mars 2021, the European Commission published new guidance on the application of the referral mechanism set out in Article 22 of the EU Merger Regulation (“EUMR”).

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Luxembourg Competition Council willing to review and refer M&A transactions to the European Commission

Luxembourg Competition Council willing to review and refer M&A transactions to the European Commission
04/05/2021

On 29 April 2021, following the release of the widely commented European Commission guidance on Art. 22 of the EU Merger Regulation (EUMR), the Luxembourg Competition Council published a statement on the recent policy change.

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The revised Commission merger control referral mechanism – Practical considerations for Luxembourg M&A transactions

The revised Commission merger control referral mechanism – Practical considerations for Luxembourg M&A transactions
09/04/2021

On 26 March 2021, the European Commission (the “Commission”) published “Commission Guidance on the application of the referral mechanism set out in Article 22 of the Merger Regulation to certain categories of cases”

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Snapshot: SPACs - the Luxembourg alternative

Snapshot: SPACs - the Luxembourg alternative
02/04/2021

While SPACs have existed for decades on public markets, a revival seems to be taking place, with SPACs representing about 60 percent of IPOs in the US in 2020.

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