Given the current COVID-19 environment, the Luxembourg Chamber of Deputies voted a bill of law enabling companies and other legal entities to hold shareholder, board and other meetings without the need for participants physical attendance (i.e. in writing or through call or videoconference), even if this is not provided for in the company’s articles of association.
The bill of law extends this option until 31 December 2020. The bill of law enters into force on 1 October 2020, extending the measures of the law of 20 June 2020, which was to expire on 30 September 2020.
For more information, please contact Nicolas Marchand or Cédric Bless.
Read our previous blog about Luxembourg taking measures to facilitate board and shareholders meetings.