What you need to know
The Luxembourg Parliament has adopted on 12 July 2024 the draft bill 8185 (the “NPL Law”) which transposes Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit managers and credit purchasers (the “Directive”) into Luxembourg law.
The Directive is designed to mitigate the challenges faced by EU credit institutions in removing non-performing loans from their balance sheet.
For further information, please contact:
Melinda Perera, Partner, Linklaters
melinda.perera@linklaters.com
