Modernisation of Luxembourg Company Law: New Rules on Divided Ownership of Shares
The Act of 10 August 2016 (the "Act") modernising the Luxembourg Companies Act of 10 August 1915, as amended, and amending certain provisions of the Luxembourg Civil Code, introduced new rules on the rights of bare owners (nu-propriétaire) and beneficial owners (usufruitier) in the event of divided ownership (usufruit) of shares.
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