The recently adopted Luxembourg Act of 10 August 2016, modernising Luxembourg
company law, reinforces the rights of minority shareholders. The four major
changes in this respect relate to the rights of such shareholders to (i) bring
an action against the company's management (action sociale), (ii) request the
adjournment of a shareholders' meeting, (iii) request an independent
investigation, and (iv) consent to a transfer of shares in an S.à r.l. (société à responsabilité limitée).
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