On 24 July 2022, the Luxembourg Law of 20 July 2022 entered into force and comprises a set of provisions amending the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended (the “Collateral Law”). This and other proposed changes (bill n° 8055) are intended, among other things, to clarify and consolidate current market practices and to adapt the Collateral Law to apply to distributed ledgers technologies (“DLT”).
The full article is available at https://www.dentons.com/en/insights/alerts/2022/august/17/modernization-of-the-luxembourg-law-on-financial-collateral-arrangements