Franz Fayot Bio

Franz studied law in Luxembourg and Paris and graduated with a post graduate diploma (DEA en droit des affaires) from the University of Paris I Panthéon-Sorbonne in 1996. He was admitted to the Luxembourg Bar in April 1997.

Before joining Laurent to set up FischFayot in 2015, Franz was a partner, from January 2002, at Elvinger, Hoss & Prussen, one of the largest and most reputed independent law firms in Luxembourg. At EHP, Franz specialised in commercial law, capital markets, banking, financial and collateral law, as well as insolvency and restructuring.

In addition to a considerable number of restructuring matters in which he advised creditors and distressed debtors, Franz’ experience in insolvency and restructuring draws in particular on his experience as judicial co-administrator (together with PwC Luxembourg) of the failed Kaupthing Bank Luxembourg. He was appointed judicial administrator in the suspension of payments of Kaupthing Luxembourg in the wake of the 2008 financial crisis and held that position for a period of 9 months from October 2008 to July 2009. The suspension of payments of Kaupthing eventually ended with the first ever successful restructuring, in Luxembourg, of a bank out of insolvency, with an innovative solution involving a Luxembourg bad bank and a court-approved bail-in of interbank creditors.

Franz is a member of the IBA, of the ALFI (Luxembourg investment funds association), of ALJB (Luxembourg bank lawyers association) and of INSOL Europe.

Franz was a member of the Conseil de l’Ordre of the Luxembourg Bar, the self-regulatory body of the Luxembourg lawyers between 2011 and 2013.

He was a member of a commission at the Luxembourg Bar advising the Ministry of Justice on a proposed reform of the Luxembourg insolvency legislation, which started its work in 2013.

He served as a member of the European Commission’s insolvency law experts group (ILEG), which gave preliminary advice on insolvency law questions in 2010 and 2011 to the EU Commission in relation to what would eventually become Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms.

He also participated in an ad hoc advisory committee at the Luxembourg Ministry of Finance in relation to the proposed EU Bank recovery and resolution directive.

Franz was a lecturer in general law and jurisprudence at the University of Luxembourg between 2001 and 2005. He is currently lecturing at the University of Luxembourg in the context of the post graduate degree in business law (master en droit financier) on the subject of insolvency law in the financial sector.

He is fluent in English, French, German and Luxembourgish.

Contact Franz