Law clarifying and confirming the non-applicability of the financial assistance prohibition set out in the Luxembourg Companies Act to private limited-liability companies enters into force on 16 August
The long-awaited amendment of Article 1500-7 of the Companies Act, clarifying that the financial assistance prohibition does not apply to Luxembourg private limited-liability companies (sociétés à responsabilité limitée), enters into force on 16 August 2021 (see also our newsflash of 19 March 2021).
To read the full newsflash click here.
