In this article, published in the 2024 Summer edition of Eurofenix (INSOL Europe), our restructuring specialists in our Luxembourg office explore the concepts of corporate purpose and corporate interest with a focus on restructuring and insolvency situations.
The article covers several important aspects including the assessment of a Luxembourg company's corporate purpose and interest, as well as the duty of the board of directors to ensure that decisions align with the company's best interests as it unfolds during restructuring and insolvency situations.
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INSOL Europe
A longer version of the article can be found on INSOL Europe - Inside Stories.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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