Power of attorney
A power of attorney is a legal document that grants one person the authority to act on behalf of another in legal or financial matters.

In Luxembourg, this tool is commonly used in business transactions, especially during incorporation or mergers. A power of attorney ensures that trusted representatives can sign documents and make decisions when the principal is unavailable. The document must be executed in accordance with Luxembourg law and is integral to ensuring efficient and legally binding decision-making processes.

Power of attorney