Luxembourg has taken a crucial step towards a “paperless office”.
On 2 July 2015, after two years of discussions, the Chamber of Deputies finally adopted the Law relating to electronic archiving and amending Article 1334 of the Civil Code, Article 16 of the Commercial Code and the amended Law of April 5, 1993 in relation to the financial sector (the “Law”).
In the wake of electronic signatures implemented in Luxembourg law as from August 2000, the Law aims at boosting the dematerialised economy and electronic services while maintaining a high level of security, confidentiality and technical requirements.
Legal certainty in the area of electronic archiving has long been awaited by business players in Luxembourg for the full implementation of new archiving policies while the country already has the necessary infrastructure facilities to host the dematerialised documents (cutting-edge datacentres, high-speed Internet connections).
The Law has three main objectives:
- defining the conditions under which original documents may be dematerialised and electronic originals and electronic copies may be stored;
- defining the conditions under which electronic copies may benefit from a legal presumption of conformity to the original document; and
- setting the applicable rules of the new activity of digitisation and storage service provider as well as creating a status for this new activity.
This new legal framework will render Luxembourg more attractive than the other European countries with regard to electronic archiving and attract multinational companies that seek to centralise their e-archiving management in a single European country.
More information on the content of this Law is available in the article “The newly adopted Luxembourg Law on electronic archiving” published on our website.