Common struggles faced by international creditors in Luxembourg bankruptcy proceedings

Our experts have contributed to CMI’s International Insolvency & Restructuring Report, where they address selected aspects of Luxembourg bankruptcy law.

More particularly, the points addressed within the article are the following:

• Satisfying the “loss of creditworthiness” criteria
• Facing oppositions after having had a debtor declared bankrupt
• Relinquishing control to the trustee
• Assisting with securing funding to initiate proceedings on the merits
• Luxembourg directors’ duties in an insolvency context
• A trend towards business continuity in the legislative reform

To read the full article, please click below.