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Bonn Steichen & Partners
12 Jul 2018

On April 10th 2018 the German Constitutional Court (hereafter “GCC”) ruled that the assessment of property tax in the “old West German states” of Germany, based on unitary values determined in 1964, was unconstitutional as it leads to major difference in treatment without sufficient justification.

12 Jul 2018

On May 29th 2018, the European Commission published two draft delegated regulations which contain proposals to amend certain rules relating to the safe-keeping duties of depositaries under the alternative investment fund managers directive, Directive 2011/61 EU (the “AIFMD”) and the undertakings for collective investment in transferable securities directive (the “UCITS” Directive).

12 Jul 2018

This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Dispute Resolution, Employment, Investment Funds and Tax.
If you would like to know more about the topics covered in this newsletter or our services please contact us.

30 Jun 2018

On June 29th 2018, the Chamber of Deputies of the Grand-Duchy of Luxembourg issued a draft law 7328 on prospectuses (the “Draft Law”) for the purposes of implementing Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “New Prospectus Regulation”).

25 Jun 2018

On June 11th 2018, the director of the Luxembourg indirect tax authorities (Administration de l’enregistrement et des domaines, “AED”) issued a circular, which confirms that the position held by the ECJ, in its court ruling Hedqvist of October 22nd 2015 (C-264/14), should apply in Luxembourg and...

25 Jun 2018

In the framework of the June 18th 2018 draft law implementing the first Anti-Tax Avoidance Directive (hereafter “ATAD”) into Luxembourg law, the Luxembourg government decided to propose additional changes to the Luxembourg tax law that were not required by the ATAD but nonetheless fall, in the eyes of the government, within the broader Basis Erosion and Profit Shifting (BEPS) context.

22 Jun 2018

On June 18th 2018, the Luxembourg government published a draft law implementing the first Anti-Tax Avoidance Directive (hereafter “ATAD”) into Luxembourg law (please see our Newsletter of April 2016 on the topic of the ATAD). The draft law still needs to go through the Luxembourg legislative process and may be subject to amendments before the final vote by the Luxembourg Parliament.

19 Jun 2018

In the framework of the June 18th 2018 draft law implementing the first Anti-Tax Avoidance Directive (hereafter “ATAD”) into Luxembourg law, the Luxembourg government decided to propose additional changes to the Luxembourg tax law that were not required by the ATAD but nonetheless fall, in the eyes of the government, within the broader Basis Erosion and Profit Shifting (BEPS) context.

18 Jun 2018

On June 11th 2018, the Luxembourg VAT authorities issued a circular letter No. 765-1 (the “Circular”), extending the scope of application of the circular letter No. 765, released in 2013, to VAT taxable persons carrying out both economic and non-economic activities.