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Just two years after the Grand Duchy of Luxembourg gained independence, King Grand Duke William II issued a decree on 1 October 1841 establishing the Chamber of Commerce. This represented the first manifestation of autonomy for a state now required to manage its own affairs. Business entrepreneurs now had a body to defend their interests.The role and missions of the Chamber of Commerce were initially established by the law of 4 April 1924 creating elective professional chambers. The legal framework governing the Chamber of Commerce was reformed and modernised by the law of 26 October 2010.