At the start of the pandemic, the Luxembourg government enacted measures to facilitate the holding of board and shareholder meetings. The Grand Ducal Regulation of 20 March 2020, which was extended by the Act of 20 June 2020, authorised Luxembourg-based companies to organise virtual shareholder and board meetings even if the company's articles of association do not contain provisions to this effect. This possibility was extended for a second time, by the Act of 23 September 2020, until 31 December 2020 (see our newsflash of 24 September 2020) and has now been extended for a third time, by the Act of 25 November 2020, until 30 June 2021. In short, it is possible for Luxembourg-based companies to hold virtual board and shareholder meetings until 30 June 2021.
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