Insolvency Protection Of Creditors And Collateral Takers According To The Laws Of Luxembourg

Mondaq Business BriefingLuxembourg Articles in EnglishAccounting (2011)

Linked as:

Extract


Insolvency Protection Of Creditors And Collateral Takers According To The Laws Of Luxembourg

The Act of May 20 2011 implements EU Directive 2009/44/EC (amending the EU Settlement Finality Directive and the EU Collateral Directive), and amends the Collateral Act of August 5 2005. The Collateral Act has always been a lender-friendly implementation of the Collateral Directive. Most of its provisions have not changed and in general, the Collateral Act remains favourable to creditors in insolvency situations and other contexts. Table of contents

Constitution and perfection of collateral arrangements Insolvency aspects of collateral arrangements Beneficiary of collateral Remedy for potential conflict with depository Rights attached to collateral Other insolvency protecti...

See the full content of this document


ver las páginas en versión mobile | web

ver las páginas en versión mobile | web

© Copyright 2017, vLex. All Rights Reserved.

Contents in vLex Luxembourg

Explore vLex

For Professionals

For Partners