Arm's-Length Approach to Distressed Debt (Case 53194C): The Luxembourg Administrative Court of Appeal ruled in favour of a taxpayer, confirming that interest reductions and debt waivers agreed during intra-group restructurings for distressed entities comply with the arm's-length principle if an independent lender would accept them to avoid insolvency.
- Source: Review Loyens & Loeff's insight on Luxembourg Administrative Court Confirms Arm's-Length Approach to Distressed Debt Restructuring.
Insolvency Code Digitalisation (Bill No. 8735): The Luxembourg Parliament has enacted Bill No. 8735, fully transposing EU Restructuring Directive 2019/1023 and introducing mandatory electronic filings for judicial reorganization and liquidation proceedings with deadlines extending up to midnight.
- Source: Consult Linari Law Firm's update on Luxembourg Modernises Insolvency Proceedings: Electronic Filing Approved.
Luxembourg: Distressed Debt Transfer Pricing and Digitalisation (Bill No. 8735)