Since the Covid-19 pandemic continues to impact the good governance of legal entities, the Luxembourg Government decided to extend the possibility for companies and other legal entities to hold their corporate body meetings remotely until 30 June 2021.
To this effect, on 2 November 2020, a draft law was presented to Parliament which amends the law of 23 September 2020 so as to extend its application and thus the exceptional measure it provides until 30 June 2021, which allows the holding of corporate body meetings without any physical presence. Under the rules currently in force, the measure only applies until 31 December 2020.
Should the draft law be adopted (which is expected to happen soon), companies and other legal entities will be able to hold their general meetings and their management body meetings remotely (i.e. without any physical presence) until 30 June 2021 as follows: