Formal, court-driven restructuring proceedings are available into Luxembourg law, but for practical reasons, these are rarely used in practice.
Luxembourg is one of the leading domiciles worldwide for international investment vehicles. This leading position has arisen from the combination of the following core factors:
The Legislator wants to curb the rise of bankruptcies in Luxembourg. The bill of 1 February 2013 on the preservation of business and on the modernization of bankruptcy law, inspired by Belgium, includes different components (preventive, repressive, restorative and social) and updates the already existing system. This Bill is ambitious, but it does raise many questions.
