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Brouxel and Rabia Luxembourg Law Firm regulation post

Modernization of the law of 5 August 2005 on financial collateral arrangements

Luxembourg has adopted a new law intended to modernize the amended law of 5 August 2005 on financial collateral arrangements (the FCAL). With this new law, Luxembourg further strengthens the protection of pledgees by ensuring that pledges governed by the FCAL can be enforceable quickly and without legal obstacles. Hence by adopting this new law, Luxembourg confirms it willingness to remain a creditor friendly jurisdiction.”

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