In the context of the COVID-19 outbreak, most companies are currently facing unprecedented legal issues within their organisations. As a result, they have to adapt significantly their way of working to go through this unique time in the best possible and efficient manner.
Round up of the Luxembourg contractual remedies available to business to mitigate the effects of the coronavirus spread.
Remuneration of board members in a Luxembourg corporate entity is usually subject to approval by and/or reporting to the general meeting of shareholder.
In light of the Covid 19 crisis in order to allow Luxembourg companies to function normally and hold their meetings without physical presence to prevent the spreading of the virus at such meetings while avoiding any breach of the provision
On 18 March 2020, Luxembourg Prime Minister Xavier Bettel and the Luxembourg Government declared a state of emergency to swiftly enact a series of measures to prevent the spread of COVID-19.
In the context of the difficult, evolving situation in connection with COVID-19, most companies are currently facing unprecedented legal issues within their organisations. As a result, they have to adapt significantly their way of working to go through this unique time in the best possible
On 20 March 2020 a Grand ducal regulation was published introducing a number of measures facilitating board and shareholders meetings in the coming weeks. These measures can be summarized as follows
Shareholder meetings and meetings of management bodies may be held exclusively in digital form
On 27 November 2019, the European Parliament and the Council adopted Directive (EU) 2019/2121 (the "Directive") which amends the provisions of Directive (EU) 2017/1132 on cross-border mergers and creates harmonised rules on cross-border conversions and demergers.
L’année 2019 a été marquée pour les sociétés luxembourgeoises par la mise en place du registre des bénéficiaires effectifs (le « RBE »), mis en place par la loi du 13 janvier 2019, entrée en vigueur le 1er mars 2019.
