Number of bankruptcies per month since January 2018; Credit: STATEC

Luxembourg's national statistical office, STATEC, has confirmed that 161 companies were declared bankrupt and 64 were liquidated in May 2021.

During the month of May 2021, the Luxembourg courts declared a total of 161 bankruptcies (compared to 159 in May 2020 and 107 in May 2019). There has still been no significant increase in the number of bankruptcies linked to the COVID-19 crisis; the May 2021 figure is similar to that of May 2020.

The number of liquidations recorded last month also remained stable. In May 2021, the Luxembourg courts declared the liquidation of 64 companies (76 in May 2020 and 45 in May 2019); this mainly affected holding companies and investment funds.