Independent law firm
The Luxembourg Parliament has recently adopted a new law creating a procedure for administrative dissolution without liquidation of companies (the “Administrative Dissolution”).
This law, dated 28 October 2022, introduces a new mechanism of dissolution which allows the State prosecutor (in collaboration with the entity operating the Luxembourg Trade and Companies Register (“RCS”)) to request administrative dissolution without liquidation of certain commercial companies. Indeed, many companies under liquidation have no assets. This new procedure will allow the elimination of “empty shells” in a short period of time and with reduced costs for the State.
