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Luxembourg announces new provisions for shareholders and board meetings in response to COVID-19

25 March 2020

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Tax Alerts, Legislation & Policy, National/Federal Taxation

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Luxembourg

Executive summaryFollowing the declaration of a state of emergency and in addition to the set of tax and financial measures already announced last week,1 the Luxembourg Government has established a series of measures to adapt specific Luxembourg company law requirements to the current situation. The aim of these measures is to allow the governing bodies of any company or legal entity to hold their meetings, in particular shareholders’ meetings, without requiring the physical presence of their members.The various measures are detailed below.Detailed discussionThe Grand-Ducal regulation dated 20 March 2020 introduces a series of measures dealing with Luxembourg company law given...