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Introduction of a new creditor-friendly instrument in the Luxembourg toolbox: the professional guarantee of payment

14/07/2020

On 1 July 2020, the Luxembourg Parliament adopted a new law relating to professional payment guarantees (the “Law”) or garantie professionnelle de paiement in French. The Law was published in the Official Journal on 13 July 2020 and will enter into force on...

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Authors

Portrait ofVivian Walry
Vivian Walry
Partner | Avocat à la Cour
Luxembourg
Portrait ofZornitsa Dimitrova
Zornitsa Dimitrova
Senior Counsel | Avocat à la Cour
Luxembourg