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Chambers Legal Practice Guide | Insolvency 2019

In 2018, there were 35,113 incorporated companies in Luxembourg, and between 2,500 and 3,500 new companies are incorporated each year. There has been a leap in the number of bankrupt companies, with a substantial 27.81% increase in bankruptcies in 2018 (1,195 bankruptcies) compared to 2017 (935 bankruptcies). Overall, the annual figure has steadily increased since the 1990s, with a first peak of 1,033 bankruptcies in 2013.

Although the number of new bankruptcies increased in most sectors compared to 2017 (among the production, construction, trade and services sectors), the construction sector continues to experience a decrease (-1.28% compared to 2017). The sector with the highest number of bankruptcies (882 bankruptcies, representing 73.81% of the total number of bankruptcies in Luxembourg in 2018) is the services sector. However, even if this figure remains high, it is stable. The trade sector also experienced an increase of 29.59% with 254 bankruptcies in 2018 compared to 196 in 2017.

The above figures are provided by Creditreform and the website of the Ministry of Justice (La justice en chiffres 2018).



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