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Clifford Chance

Clifford Chance


Coronavirus: Luxembourg State-backed guarantee scheme for new bank loans

19 April 2020

The law of 18 April 2020 establishing a guarantee scheme supporting the Luxembourg economy has been published in the Official Journal and entered into force on 18 April 2020. The intention of the Luxembourg Government is to create a complementary financial mechanism in the form of a EUR 2.5bn Luxembourg State-backed guarantee for loans granted, between 18 March and 31 December 2020, by Luxembourg credit institutions. This briefing summarises key aspects of the new regime. 

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