We are delighted to share a historic win achieved by <a href="https://www.belgravia.law/team/jean-baptiste-meyrier" target="_blank" class="news-text_link">Jean-Baptiste (“<span class="news-text_medium">JB</span>”) Meyrier</a> in Luxembourg, which is a pivotal moment in procedural law. For the first (known) time since 1910, an order for leave to serve an application for speedy redress on the merits (ordonnance de fixation d’une affaire au fond àbref délai) has been successfully granted. This remarkable accomplishment revives a legal mechanism long forgotten in Luxembourg but widely known in France as procédure à jour fixe.
This innovative procedural avenue allows applicants, upon ex-parte authorisation, to summon counterparties for a hearing on the merits with unprecedented speed. Instead of the typical multi-year timeframe, the matter can proceed to a hearing within days, significantly limiting procedural delays.
We filed the application for leave on 11 December 2024 with the order being granted on 19 December 2024 and a hearing fixed for 2 January 2025. The application was served on the counterparties on 23 December 2024, ensuring swift progress over the holiday period. The hearing was conducted as scheduled, with the parties exchanging final briefs and exhibits just minutes before the hearing began.
The decision, due to be issued on 20 February 2025, is expected to set a significant precedent in banking and financial law, offering hope for a positive outcome for our client despite the case's complex legal challenges.
This success underscores the extraordinary expertise, dedication and ingenuity of JB and the Belgravia Law team, which, with meticulous preparation, secured this remarkable result.
This milestone highlights our firm's commitment to delivering innovative legal strategies that achieve timely results for clients facing even the most challenging circumstances.
