Welcomed clarification on the financial assistance measures applicable to Luxembourg Sàrls

A welcomed clarification on the financial assistance regime applicable to private limited liability companies (société à responsabilité limitée, or Sàrl) will be introduced in Article 1500-7 of the amended Luxembourg law of 10 August 1915 on commercial companies (the “Luxembourg Companies Law”).

For that purpose, the draft law n°7791 will update the Luxembourg Companies Law in order to correct and remove what seemed to be a clerical error arisen during the legislative work on the modernisation of the Luxembourg Companies Law in 2016.