A Q&A guide to shareholders' rights in private and public companies law in Luxembourg.
The Q&A gives a high-level overview of types of limited companies and shares, general shareholders' rights, general meeting of shareholders (calling a general meeting; voting; shareholders' rights relating to general meetings), shareholders' rights against directors, shareholders' rights against the company's auditors, disclosure of information to shareholders, shareholders' agreements, dividends, financing and share interests, share transfers and exit, material transactions, insolvency and corporate groups.
The Q&A is part of the global guide to shareholders' rights in private and public companies law.
Types of companies with share ownership and limited liability
1. What are the main types of companies with limited liability protections and shareholders or members? Which is the most common? Which type do foreign investors most commonly use?
2. What are the minimum share capital requirements for companies?
3. Briefly set out the main types of shares typically issued by a company and the main rights they provide. Set out the other main financial instruments (for example, bonds) and participation instruments that can be issued by a company.
4. What is the minimum number of shareholders in a company?
5. At the formation of a company, what level of government defines the rights and obligations of the company?
6. What are the general rights of all shareholders? How can shareholders' rights be varied (for example, attaching additional rights or limitations to a class of shares, or waivers of shareholders' rights)? Are such variations generally provided in the company's bye-laws, shareholders' agreements or by statute?
These are some of the questions our lawyers have replied concerning Luxembourg Comfort letters in Thomson Reuters Practical Law.