Shareholders Rights Directive II: Implementation

On 10 July 2019, the Luxembourg law implementing the Shareholders Rights Directive II ((EU) 2017/828) ("SRD II") was voted for by the Luxembourg Parliament (Chambre des Députés) (first constitutional vote).

Depending on certain procedural aspects of the legislative process, the new law should become applicable either in the course of July, or early August 2019.

For further information on the changes introduced by SRD II, please see the article "Shareholders Rights Directive: 10 June 2019" which was published in our June 2019 Newsletter.