New Luxembourg Insolvency Law Reform
Part 3: Transfer by Court Order
Over the summer, we highlighted the main features of the new Luxembourg law on the preservation of businesses and modernising bankruptcy law (the “Law”).
In the previous publication, we took a closer look at the collective agreement with creditors and the restructuring plan, one of the key features of the new judicial reorganisation procedure.
Before the entry into force of the new Luxembourg insolvency law reform next week, we are focusing on the transfer by court order in this third in-depth alert.