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A LIRE OU A RELIRE - Article publié dans le mensuel de Novembre 2021
By Xavier GUZMAN, Partner - Finance and Joris REINERT, Associate - Finance, DLA Piper Luxembourg
In multijurisdictional financings, taking pledges over shares of a Luxembourg holding company has been key for the attractiveness of the Grand Duchy.
The magic derives from the flexibility of their implementation and the efficiency of their enforcement and takeover of a group upon the occurrence of the event freely agreed upon by the parties (subject of course to the compliance with the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended (the “Collateral Act”) and the pledge agreement itself).
With...
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