Luxembourg: Luxembourg Court gives extra strength to collateralization
The attractiveness of Luxembourg for international lending and collateralization operations underpinned by a recent court decision.
Luxembourg courts ruled that collateral can be enforced and shares of a company appropriated by a lender even though he has not claimed repayment or if the debt guaranteed is not yet due and payable. Undoubtedly, lenders can extend the scope of contractual default under their security documentation without fear to see their enforcement rights denied.
For more detailed analysis read our legal flash news.
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