Arrêté ministériel du 31 mars 2009 autorisant la DBS BANK LTD, dont le siège social est à Londres, à se faire consentir des gages sur fonds de commerce. | http://data.legilux.public.lu/eli/etat/leg/amin/2009/03/31/n5/jo — Luxembourg law | Esheria

Arrêté ministériel du 31 mars 2009 autorisant la DBS BANK LTD, dont le siège social est à Londres, à se faire consentir des gages sur fonds de commerce.

This ministerial order concerns DBS BANK LTD and indicates that the bank is authorized to obtain pledges on business assets in Luxembourg.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Order
Citation
http://data.legilux.public.lu/eli/etat/leg/amin/2009/03/31/n5/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
banking collateral interest rates late-payment clauses lending official gazette publication

Statute overview

About this statute

This ministerial order concerns DBS BANK LTD and indicates that the bank is authorized to obtain pledges on business assets in Luxembourg. DBS BANK LTD is allowed to have liens over business assets, subject to the conditions in Article 2. Interest rates for foreign-currency and EUR loans are capped, and a loan contract may not use a penalty clause to worsen the debtor’s position for late repayment. This article says the order will be published in the Mémorial, Recueil Administratif et Economique.