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BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Apr 01, 2025Case law I Article 10 of the Business Continuation Law of 2023
Article 10 of the Business Continuation Law The law of 7 August 2023 on the preservation of businesses and the modernisation of bankruptcy law (the “ Business Continuation Law”), in Article 10, provides for the appointment of a judicial representative ( mandataires de justice ) when serious and
Mar 19, 2025ESG - Omnibus Package | Changes to the Corporate Sustainability Due Diligence Directive
Background On 26 February 2025, the European Commission published the proposal for the Omnibus Simplification Package, which aims to simplify EU rules, reduce red tape, and unlock additional investment capacity. Among the changes proposed is the amendment to Directive (EU) 2024/1760 of the European
Aug 01, 2023Newsflash | From bankruptcy law to insolvency law
On 21 July 2023, the long-awaited Draft law 6539A (since 2013), aiming at modernising the insolvency tools available for restructuring a company, has been officially adopted (but not yet published in the Journal Officiel for the law to come into force). The expectation was also due to the need for
Nov 14, 2022Newsflash | Administrative dissolution without liquidation
The law of 28 October 2022 creating the procedure for administrative dissolution without liquidation (the Dissolution Law) introduces in Luxembourg a simplified administrative dissolution procedure the aim of which is to allow certain illegible companies to be dissolved without recourse to the
Feb 08, 2021COVID-19 | Luxembourg Law Updates
This section is intended as a general discussion on the latest topics concerning Covid-19 and the Luxembourg Law. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Annual AML Survey - Deadline Extended BANKING & FINANCE State Guarantee
Apr 21, 2020COVID-19 | Impact on Insolvency Proceedings in Luxembourg
Background In response to the Covid-19 crisis, the Luxembourg Government declared the state of emergency by its regulation of March 18th, 2020, and passed several measures in the fight against Covid-19. These measures are limited to what is indispensable and strictly necessary and are adequate and
Latest Articles & Books
Jan 13, 2025Chambers | Insolvency Global Practice 2024 Guide
The new Insolvency 2024 guide features close to 40 jurisdictions. The guide provides the latest legal information on the broad legal framework for insolvencies, the role of creditors, out-of-court and statutory restructuring processes, statutory insolvency and liquidation procedures, cross-border
Nov 13, 2023IBA | Modernisation of Luxembourg’s insolvency law
This article was first published in the IBA Insolvency and Restructuring International - November 2023 Luxembourg has modernised its insolvency system through the long-awaited adoption of rules on business preservation. The new insolvency law completes the reform launched in October 2022 with the
Dec 11, 2019Chambers 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
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