On 4 September 2020, the Luxembourg Council of Government enacted bill no. 7671/00 to redefine the procedural framework applicable to arbitration.
What is the overarching objective? To promote Luxembourg as place of arbitration by adapting the country's existing legal framework to international standards which are amenable to arbitration.
The bill is based on a proposal from the Think Tank for Arbitration (a group of experienced Luxembourg-based practitioners and academics interested in arbitration), and its aim is clear: to make arbitration in Luxembourg attractive by setting up an efficient, arbitration-friendly ecosystem.
Analysis and comments by our arbitration experts to follow soon.
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