The Luxembourg Parliament has enacted Bill No. 8735, amending the Commercial Code and finalizing the implementation of the Law of 7 August 2023 on the preservation of businesses.
The legislation completes Luxembourg’s transposition of Article 28(d) of EU Directive 2019/1023 on preventive restructuring and insolvency.
LUXEMBOURG INSOVELNCY REFORM STATUTORY HIGHLIGHTS (2026)
Electronic Court Filing | Writs, petitions, and appeals in judicial reorganisations may be submitted digitally up to midnight on statutory dates. |
Restructuring Mechanics | Standardises judicial reorganisation by mutual agreement or court-sanctioned cram-down plans for Luxembourg funds/co's. |
Practitioner Duties | Establishes strict electronic reporting schedules for court-appointed insolvency administrators (*curateurs*). |
- Practice Impact for European Wealth Structures: Luxembourg alternative investment fund (AIF) managers and holding entities (SOPARFIs) undergoing debt restructurings gain greater procedural certainty, tighter timeframes for judicial reorganisations, and fully digitalised court processes.
- Source: Review Linari Law Firm’s briefing on Luxembourg Modernises Insolvency Proceedings: Electronic Filing Approved.
Luxembourg: Modernisation of Insolvency Proceedings & Digitalisation (Bill No. 8735)