Part 2: Creditors’ Agreement: the Restructuring Plan
Over the summer, we highlighted the main features of the new Luxembourg law on the preservation of businesses and modernising bankruptcy law (the “Law”).
In a previous publication, we took a closer look at the stay of proceedings (sursis). In this second in-depth alert, we are focusing on the collective agreement with creditors and the restructuring plan, one of the key features of the new judicial reorganisation procedure.
For further information, please contact:
Melinda Perera, Partner, Linklaters
melinda.perera@linklaters.com
