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Venture capital lawyer in Luxembourg

The firm supports your fundraising in Luxembourg: seed and Series A/B rounds, negotiation of term sheets, drafting of shareholders' agreements, setting up BSA, BSPCE and convertible bonds, on the side of startups and investors alike.

In short

A venture capital lawyer in Luxembourg supports seed and Series A/B fundraisings, for startups and investors alike: negotiating the term sheet, drafting the shareholders' agreement, setting up BSAs, BSPCEs and convertible bonds, governance and exit clauses, through to completion of the round.

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Maître Cora Maglo, Avocate à la CourResponsible for legal content: Maître Cora Maglo, Avocate à la Cour, Liste I du Barreau de Luxembourg depuis 2009. · Applicable law: Luxembourg

Venture capital lawyer in Luxembourg: key points at a glance

Fees, timeframes, documents and deliverables
ItemWhat to know
FeesStated fees. Consultation from 175 EUR excl. VAT; fundraising documentation on a fixed fee from 1,500 EUR depending on the size of the round and the complexity of the matter. Everything is quoted before any engagement.
Indicative timingThe first documentation is delivered within a few business days; the negotiation and completion of the round are scheduled according to the timetable of the founders and the investors.
Documents required
  • Term sheet or letter of intent where applicable
  • Current capitalisation table and articles of association
  • Financing plan and objectives of the round
  • Identity of the founders and of the investors
Deliverables
  • Negotiated and secured term sheet
  • Shareholders' agreement and dilutive instruments drafted
  • Support of the round through to completion

A well-run fundraising protects both founders and investors: the term sheet sets the balance, the shareholders' agreement organises governance and exits, and the dilutive instruments (BSA, BSPCE, convertible bonds) must be carefully calibrated to avoid unpleasant surprises at the next round.

Cerno Law Firm structures and documents the transaction alongside startups and investors, coordinating with financial and tax advisers where the matter requires it.

Venture capital lawyer in Luxembourg: when should you call on the firm?

As a founder or an investor, you are preparing a fundraising (seed, Series A or B) in Luxembourg and must secure the term sheet, the shareholders' agreement and the investment instruments.

Without rigorous documentation, the allocation of capital, governance and exit terms become a source of tension between founders and investors.

What happens if you do nothing?

An unbalanced term sheet, poorly anticipated dilution, poorly calibrated preference and liquidation preference clauses, badly structured BSPCE or BSA, governance deadlock at the next round.

A poorly documented round weakens the capitalisation table and complicates, or even compromises, subsequent financing rounds.

How does the firm step in?

Negotiation of the term sheet, drafting of the shareholders' agreement, setting up BSA, BSPCE and convertible bonds, organisation of governance and exit clauses, through to completion of the round.

Cerno is a law firm admitted to the Luxembourg Bar; its digital tools only simplify information gathering, qualification of the matter and tracking of requests, never replacing the lawyer's advice. The lawyer negotiates and drafts each clause, coordinating with your financial and tax advisers where needed.

Practice areas

When to call on the firm

  • Prepare a seed, Series A or Series B round.
  • Negotiate a balanced term sheet and shareholders' agreement.
  • Set up BSPCE or BSA for the founders and the team.
  • Structure a convertible bond or a bridge round.

Start online

Start your case in under 5 minutes

A simple, transparent process supervised by a lawyer admitted to the Luxembourg Bar.

Today, most cases can be initiated entirely online. Our digital tools streamline administrative steps so the lawyer can focus on the legal analysis of your situation.

Step 1 of 5 · 3 to 5 minutes

Describe your need

Select your issue, answer a few simple questions and share your documents if needed.

What you get

  • Initial qualification of the case
  • List of useful documents
  • Secure transmission
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What reassures our clients

Confidentiality

Lawyer’s professional secrecy.

Speed

Start your case online 24/7.

Transparency

Fees communicated before engagement.

Expertise

Review by a lawyer of the Luxembourg Bar.

Simplicity

Under 5 minutes to open your case.

Stated fees

Consultation from 175 EUR excl. VAT; fundraising documentation on a fixed fee from 1,500 EUR depending on the size of the round and the complexity of the matter. Everything is quoted before any engagement.

Get a quote

FAQ

Frequently asked questions

Does the firm advise startups or investors?

Both, depending on the mandate. The firm tailors the documentation to the interests of the party it advises, founders or investors, with no conflict of interest.

What is the difference between BSA and BSPCE?

The BSA is a share subscription warrant, open to various beneficiaries; the BSPCE is intended to give employees and directors a stake in the capital. The firm guides you towards the instrument suited to your situation and structures it.

What is a liquidation preference?

It is a clause that determines the order and amount of repayment to investors in the event of a sale or liquidation. Poorly calibrated, it distorts the sharing of value; the firm negotiates it so that it remains fair.

Is Cerno a fund or a financing platform?

No. Cerno is a law firm admitted to the Luxembourg Bar. The firm provides legal support for fundraisings and, where needed, coordinates financial and tax advisers; it does not invest and does not raise funds for its own account.

Handled with our network of partners. On regulated matters (funds, AIFM, depositary, CSSF authorisation), Cerno Law Firm provides legal advice and coordination, working where appropriate with lawyers and partners holding the required expertise (management, depositary, CSSF compliance). You keep a single point of contact.

Member of

Affiliations & professional networks

  • Barreau de Luxembourg
  • European Immigration Lawyers Network (EILN)
  • Union des Avocats Européens (AEA)
  • Cross Border Advisory Solutions
  • Institut Luxembourgeois des Administrateurs (ILA)
  • Association Luxembourgeoise des Juristes de Droit Bancaire (ALJB)

Free guide · PDF

The practical guide to secure your next step

Checklists, key steps and points to watch, prepared by the firm. Get it instantly, no strings attached.

  • The key steps, explained simply
  • The documents to prepare
  • The common mistakes to avoid
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Written by Maître Cora Maglo, attorney at law.

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Founded in 2013; Maître Cora Maglo has been admitted to the Luxembourg Bar since 2009

2013
independent firm
2009
at the Bar since 2009
4,7/5
81 Google reviewsRead reviews

Expertise & authority

Ongoing review and analysis of Luxembourg and European case law

Avocate à la Cour, List I of the Luxembourg Bar since 2009

Trained at the London School of Economics, formerly at Clifford Chance and Bonn Steichen & Partners

Member of international networks: EILN, AEA, Cross Border Advisory Solutions

Every matter handled and approved by a lawyer admitted to the Bar

Support in French and English

They talk about us

The firm referenced and cited

Professional directories, business press and legal publications where Cerno Law Firm and Maître Cora Maglo are referenced.

  • Paperjam
  • Editus
  • AmCham Luxembourg
  • ICLG, Corporate Immigration
  • Lexology
  • Startup Luxembourg
  • Alumni Université de Strasbourg
  • DatoCapital
  • Lawzana
  • Sitipro
  • Opendi Luxembourg
  • Yellow.lu
  • Luxembourg.co
  • Legalist
  • Global Law Lists
  • Debitura

Let’s talk about your matter

Describe your situation: you receive an initial analysis and a transparent quote, with no obligation. One dedicated lawyer, from start to finish.

Why contact us?

  • Response within 48 working hours
  • Professional secrecy guaranteed
  • Fees announced in advance
  • A single dedicated lawyer
  • Companies, investors and individuals

It only takes a few minutes to submit your matter.