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By Constantin ISCRU, Counsel and Joris REINERT, Associate – Finance, Projects Restructuring - DLA Piper Luxembourg
The Luxembourg law of 5 August 2005, as amended, transposing directive 2002/47/EC of 6 June 2002 on financial collateral arrangements (Financial Collateral Law) is a cornerstone of the Luxembourg legal financial framework and one of the reasons for Luxembourg’s attractivity as a jurisdiction for cross-border financing transactions.
As part of the implementation of Regulation (EU) 2021/23 of 16 December 2020 on a framework for the recovery and resolution of central counterparties (CCR Regulation) into Luxembourg law, draft law no. 7933 was filed on 20 December 2021 with the Luxembourg Chamber of Deputies (Draft Law). The...
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