On 23 March 2023, the Luxembourg Parliament voted to modernize and update the arbitration law, applicable to arbitrations seated in Luxembourg. The long-awaited new law entered into.
Luxembourg Parliament voted to modernize and update arbitration law, applicable to arbitrations seated in Luxembourg. The long-awaited new law entered into force on 25 April 2023, and is the first significant modification of the Luxembourg arbitration law in many years.
<p><span>At this morning’s annual general meeting of</span><b> </b><span>the Luxembourg Stock Exchange (LuxSE), the shareholders of the exchange appointed Alain Kinsch to LuxSE’s board of directors. Alain Kinsch was subsequently elected as Chairman by LuxSE’s board members and takes over from Frank Wagener as of today. Frank Wagener has acted as Chairman of the board of directors of LuxSE since 2011 and announced his plans to retire from this position last year. </span></p>