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Luxembourg Court of Appeal finds that 50% shareholders are entitled to initiate a minority action against directors

07/12/2021

In a judgment dated 27 October 2021, the Seventh Chamber of the Luxembourg Court of Appeal declared admissible a minority action based on article 444-2 of the modified law of 10 August 1915 on commercial companies (the "Companies Act 1915") by a 50% shareholder...

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Authors

Portrait ofAntoine Reillier
Antoine Reillier
Portrait ofGérard Maitrejean
Gérard Maitrejean
Partner | Avocat à la Cour
Luxembourg
Portrait ofPawel Hermelinski
Pawel Hermelinski
Partner | Avocat à la Cour
Luxembourg
Portrait ofPierre-Emmanuel Roux
Pierre-Emmanuel Roux
Senior Associate | Avocat à la Cour
Luxembourg
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