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  • 20-04-2018

A recent Luxembourg District Court judgment(1) has confirmed the great flexibility offered by the Luxembourg act (August 5 2005) on financial collateral arrangements, as amended (the Collateral Act), to creditors to enforce their Luxembourg law governed pledges. In particular, the court ruled that a Luxembourg pledge can be enforced by a creditor on the occurrence of a contractually agreed enforcement event, without requiring repayment or the need to accelerate the underlying debt obligations.

Source: ILO - April 2018

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