GENERAL GUIDING PRINCIPLES: Modernization of the Luxembourg civil and commercial judicial rules. Revaluations of the court thresholds. The lower courts (“juge de paix”) have jurisdiction in civil and commercial cases for up to EUR 15,000. Restrictions on appeal. All judgments below EUR 2,000 are non-appealable. Procedural changes. Appeals from the lower courts will follow the [...]
The Business of Data - International data transfers Highlights: The Court of Justice of the European Union (CJEU) on July 16, 2020, delivered its latest judgment in Max Schrems’ case against Facebook Ireland Ltd. and Data Protection Commissioner (Ireland) (Max Schrems II). In a landmark decision, the CJEU struck down the European Union United States of [...]
Overview Within the framework of European Union (EU) Regulations, the recognition and the execution of judicial decisions rendered by the courts of the EU Member States was greatly simplified. Pursuant to Regulation (EU) No 1215/2012 of the European Parliament and of the Council of 12 December 2012, on jurisdiction and the recognition and enforcement of judgments in [...]
Ronnen Gaito is singled out by peers as a key name in Luxembourg's M&A marketBiographyRonnen J Gaito is the founder of the law firm of RJ Gaito (2011), and the Luxembourg chapter chair of the international section of the New York State Bar Association.Ronnen’s practice focuses on advising clients on private equity and venture capital [...]
RJ Gaito is pleased to announce the appointment of Gwendoline Bella as a litigation partner. Gwendoline is a highly experienced dispute resolution lawyer; she represents Luxembourg and international clients from the first instance courts to the Luxembourg Supreme Court.Download Social Media Card
Formation of commercial contracts and enforceability of Luxembourg agreementsHighlights:Our client, a leader in the software industry, recently prevailed in the Luxembourg Court of Appeal and received a favorable judgment that tacitly reconfirms a Supreme Court (“Cour de Cassation”) jugment of January 24, 2019. The judgment is of particular importance since it touches upon the essential [...]
General guiding principles for restructuringIn the face of financial difficulties or liquidity risk, react promptly without delay in order to ascertain if one could qualify for one of the Luxembourg bankruptcy protection mechanisms:A Scheme Of Composition (concordat préventif de faillite). A protective measure that enables companies in financial difficulty to come to an arrangement with their [...]
