COVID-19: Luxembourg extends the possibility to hold company meetings remotely until 31 December 2021

Since the Covid-19 pandemic continues to impact the good governance of legal entities, the Luxembourg Government decided to extend for the second time the period during which companies and other legal entities will be able to hold their corporate body meetings remotely. To this effect, today, a draft law was passed, which amends the law of 23 September 2020 so as to extend its application until 31 December 2021, and thus the exceptional measures it provides, including the holding of corporate body meetings without any physical presence. Under the rules which were in force until now, the measure was supposed to end on 30 June 2021.