Loi du 17 mai 1985 portant renouvellement des mesures de reconversion économique et sociale dans le commerce et l'artisanat. | http://data.legilux.public.lu/eli/etat/leg/loi/1985/05/17/n1/jo — Luxembourg law | Esheria

Loi du 17 mai 1985 portant renouvellement des mesures de reconversion économique et sociale dans le commerce et l'artisanat.

This preamble records the formal adoption of the law and the prior opinions and decisions referenced before it is ordered and enacted.

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

Jurisdiction
Luxembourg
Instrument
Act or statute
Citation
http://data.legilux.public.lu/eli/etat/leg/loi/1985/05/17/n1/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
applicability artisanat benefits benefits administration budget credits commerce compensation compliance craft and commercial activity economic reconversion eligibility for aid employee severance employment financial aid insurance coverage lifecycle pensions public administration public aid repayment retrait d'activité social security structural adaptation subventions

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Statute overview

About this statute

This preamble records the formal adoption of the law and the prior opinions and decisions referenced before it is ordered and enacted. This provision states that the law’s aim is to support structural adaptation in craft and commerce sectors by encouraging economic and social reconversion of operators facing deficient production, service, or distribution conditions, or serious difficulty adapting to technical and economic change. The State may grant a temporary monthly financial allowance called a departure indemnity, subject to annual budget credits. The aid under Article 2 is reserved for natural persons who carry on an artisan or commercial activity as their main independent activity. A widow may also receive the aid if she continued the business without interruption after her husband's death and the deceased spouse met all legal conditions. L’aide is conditional on the beneficiary meeting several eligibility conditions, including age, stopping the relevant activity, activity duration, and income limits.