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One of the two main objectives of the Law is to implement the 2019/1023 Directive, which itself aims to foster the proper functioning of the EU internal market and remove hindrances to. ....
The Luxembourg parliament has adopted an act on business continuity, restructuring and the modernisation of the bankruptcy regime (the Insolvency Modernisation Act or IMA). ....
On 18 October 2022, a new law introducing the administrative proceedings allowing for a simplified dissolution without liquidation of qualified Luxembourg companies upon request of the. ....
<p><i> 2 minutes </i></p><p>A recent Luxembourg Act that introduces the procedure of administrative dissolution without liquidation has just been published and will enter into force on 1 February 2023. The purpose of the Act is to dissolve empty shell companies quickly and at reduced costs for Luxembourg. The administrative dissolution procedure will enable the administrative dissolution of certain companies without having to go through a formal procedure of judicial liquidation.</p> ....