Dentons: Modernization of the Luxembourg Law on financial collateral arrangements

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”).

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