In line with EU regulation, Luxembourg has finally passed an amendment resulting in the creation of an insolvency register, active since 10 February, 2023. The change will affect.
With the aim of aligning and adjusting the fees collected by the CSSF to suit the evolution of the legal framework, the new Grand Ducal Regulation increases existing fees, .
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Luxembourg companies were required to adapt quickly to the unprecedented circumstances surrounding the Covid-19 pandemic. In particular, Luxembourg companies were required to hold, almost exclusively, non-physical board and shareholder meetings. We look back on the last months to see how companies have adjusted to this changing environment. We also consider how the increasing prevalence of non-physical meetings potentially opens the door for new technology service providers in the market.
The key legislation adopted for the holding of non-physical meetings of Luxembourg companies
Grand Ducal Regulation of 20 March 2020 authorised, through temporary measures, companies and other legal entities to hold non-physical board and shareholder meetings. This legislation permitted companies to require their shareholders to exercise their voting rights, either by distance voting and/or via videoconference or any other similar means of electronic communication. It also permitted th