Due to the current state of crisis, the Government Council adopted the Grand-Ducal Regulation of 25 March 2020, which was published the same day and entered into force on 26 March 2020.
qui rappelle que les juridictions luxembourgeoises se reconnaissent compétentes « pour connaître de la validité de la saisie-arrêt pratiquée sur des sommes déposées au Luxembourg. Le principe est en effet que c'est au lieu du domicile du tiers-saisi qu'est rattachée la compétence territoriale en matière de validation de saisie-arrêt ».
The strong protection of secured parties under pledge agreements governed by the Luxembourg law of August 5th 2005 on financial collateral arrangements, as amended, (the “Collateral Law”) has been further reinforced by the Luxembourg court of appeal (Cour d’Appel) (the “Court”),
The Law of 18 July 2018 supplements the Law of 17 May 2017 on the implementation of Regulation (EU) 655/2014, which established a European Account Preservation Order (“EAPO”) procedure, as an alternative to existing legal debt recovery procedures in each EU country.
In a judgment dated June 6th 2018, the District Court of Luxembourg (le Tribunal d’Arrondissement de et à Luxembourg) made a mandat de protection future, under French law, enforceable, for the first time in the Grand Duchy of Luxembourg.
