Reform of Luxembourg Corporate Law - bill of law no. 5730

19.07.2016 News

Weidema van Tol discusses the adopted bill with number 5730 implementing more flexibility, legal certainty and a confirmation of Luxembourg corporate practice.

The reform shall significantly amend the Law of 10 August 1915 on commercial companies (the “Law of 1915”) and in particular (but not only) the provisions concerning the main types of commercial companies in Luxembourg, i.e. public limited companies (société anonyme, “SA”), private limited companies (société à responsabilité limitée, “SàRL”) and corporate partnerships limited by shares (société en commandite par action, “SCA”) as well as relevant articles of the Luxembourg civil code.

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