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Clifford Chance

Clifford Chance
Briefings

Briefings

Restructuring trends in Luxembourg: The new business preservation law

30 November 2023

The Luxembourg law dated 7 August 2023 on business preservation and modernisation of the bankruptcy regime (the "Business Preservation Law") introduces new reorganisation measures (in and out of court) for distressed businesses to provide for greater flexibility and avoid having recourse to bankruptcy proceedings.

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