Some aspects of Luxembourg insolvency law

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Some aspects of Luxembourg insolvency law

01-05-2009

Insolvency is regulated by Articles 437 to 614 of the Luxembourg Commercial Code.

In Luxembourg, a company is deemed to be insolvent if the two following cumulative criteria are met: the company is (i) unable to pay its creditors and (ii) unable to obtain credit.

Authors: Josée Weydert; Margaretha Wilkenhuysen; Jean-Michel Schmit

Source: NautaDutilh

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