Clifford Chance

Risks for Transactions and Directors in Financially Distressed Businesses in Luxembourg

22 June 2023

Practice Note addressing the legal and practical considerations in Luxembourg for a company director where that company is in financial distress and may subsequently enter insolvency proceedings. This Note also outlines the types of claim that an official appointed to oversee the insolvency proceedings or represent the creditors’ interests, or both, may bring against the company’s former directors, or to unwind transactions that took place before any insolvency proceedings.

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