Introduction dans le droit luxembourgeois d’une procédure spécifique d’exécution applicable à la seule ordonnance européenne de saisie conservatoire des comptes bancaires instaurée par le règlement (UE) N°655/2014.
The Law is the result of the willingness of our legislator to define a new legal framework which is supposed to avoid dysfunctions resulting from speculative practices in the commercial real estate market.
On 17 January, the Parliament adopted the Law on commercial leases (the “Law”) which modifies significantly the regime applicable to commercial leases. The Law does not apply to office leases or to leases with a duration of 1 year or less.
La loi du 3 février 2018 portant sur le bail commercial et modifiant certaines dispositions du Code civil (ci-après, la « Nouvelle Loi ») entre en vigueur ce jeudi 1er mars 2018. Sauf exceptions expressément prévues par la Nouvelle Loi, elle s’applique tantaux contrats de baux commerciaux en cours (i.e. à ceux conclus avant le 1er mars 2018) qu’aux futurs contrats.
La nouvelle loi sur le bail commercial (ci-après, la « Nouvelle Loi »), issue du vote du projet n°6864 par la Chambre des Députés le 17 janvier dernier, a été publiée au Mémorial A ce jour, 7 février 2018.
A new law on commercial lease agreements (the “Law”) was adopted on 17 January 2018 by the Chamber of Deputies. The Law takes effect on 1 March 2018 and will apply to any commercial lease agreements, excluding office leases and leases of less than one year.
As international clients from common law jurisdictions expand their businesses in a civil law jurisdiction such as Luxembourg, the question of the enforceability of the liquidated damages and penalty clause may arise in relation to limited partnership agreements.
The law on commercial lease (the “Law”) has been adopted on Wednesday, January 17, 2018 by the Chamber of Deputies and will come into force after its publication which is expected in the coming weeks.
This brief report provides a summary of the most important amendments of the legal provisions applicable to commercial leases, introduced in Luxembourg through the law dated 17 January 17, 2018 on commercial lease and amending certain provisions of the Civil Code (the “Law”).
In a first vote on 17 January 2018, the Chamber of Deputies adopted a new law amending the commercial lease regime (Bill n°6864). This new law aims to promote commercial activity and improve the protection of merchants, in particular by:
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