Preservation & Termination of a business

A job protection plan is a combination of various instruments designed to adapt the workforce of businesses in difficulty while keeping employees in jobs. It is used to manage the effects of planned restructuring in advance. Within the framework of...

In order to protect jobs and thus prevent redundancies, Luxembourg labour law allows businesses to benefit from a temporary weather-related layoff (chômage dû aux intempéries) subsidy under certain conditions. Businesses carrying out their activity on building sites may submit an...

Any trader who ceases payments and whose credit is weakened is bankrupt. The bankruptcy procedure is initiated either: because of the debtor's acknowledgement, to which he is legally obliged; by court summons by one or more creditors; or automaticallyCreditorsFilingCreditorTo...

The liquidation of a company leads to the disappearance of the company and its legal personality. A liquidation may be: voluntary (by decision of the partners/shareholders); compulsory (decreed by a court decision). There are 3 possible situations in whichCompulsoryLiquidationIn...

To voluntarily cease trading, a business enterprise operating as a commercial company must be dissolved through a formal decision taken by its shareholders / partners. Common causes for dissolution may be: the achievement or termination of the business purpose, or; theTheReasons...

An employer who dismisses an employee for a reason other than serious misconduct must grant a notice period and severance pay if the employee has been employed in the business for 5 years or more. If the business employs more...