Whistleblowing in Luxembourg
Whistleblowing is a term that was developed in the 1970s in the US and is the process of reporting wrongful, unethical or unlawful behaviour or misconduct internally or externally, i.e. to a third-party organisation.
A company may be seen as being more transparent and trustworthy by having a robust process and protections for people who wish to report misconduct.
It has become an increasingly relevant issue at work in the last few years as it implies labour law issues, data protection issues and regulatory as under CSSF Circular 12/552 banks are required to have appropriate whistleblowing procedures in place…
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Briefings from Wildgen
The Luxembourg District Court sitting in commercial matters has rejected the applications of ESI and RIO FORTE to be placed under controlled management.
The Luxembourg District Court sitting in commercial matters has declared bankrupt the companies ESFG and ESFIL.