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Bonn Steichen & Partners
21 Apr 2017

On 18 January 2017 the Regulation (EU) No 655/2014 of 15 May 2014 establishing a European Account Preservation Order (EAPO) procedure to facilitate cross-border debt recovery in civil and commercial matters entered into force (the “Regulation”).
The Regulation aims at facilitating the enforcement of the creditor’s claim by authorising the seizure of his debtor’s bank accounts in another Member State, without the latter being initially informed.

10 Apr 2017

After nearly four years of heated discussions, the European Parliament adopted on 14 April 2016 the new General Data Protection Regulation (GDPR)[1]. The GDPR will repeal and replace the current Data Protection Directive 95/46/EC and will have a significant impact on how businesses process their personal data. The GDPR aims, notably, at establishing a modern and harmonized data protection framework across the EU, reinforcing individuals’ rights, ensuring stronger enforcement of the rules and streamlining international transfers of personal data.

 

[1] Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC

14 Feb 2017

On January 30th 2017 ESMA issued an Opinion on share classes for UCITS (the “Opinion”) addressed to national competent authorities (“NCAs”) which follows the issuance of two discussion papers.

02 Feb 2017
The Luxembourg law dated July 23rd  2016 amending inter alia the law dated March 29th 2013 relating to the organisation of the criminal records came into force on February 1st 2017. The Law clarifies the right of an employer to request criminal records, in particular in the context of pre-hiring checks.
30 Jan 2017

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

18 Jan 2017

The law dated July 23rd 2016 introducing the S.à r.l.-S as a variant of the currently existing private limited liability company (Société à responsabilité limitée or S.à r.l.) in Luxembourg came into force on January 16th 2017.

29 Dec 2016

On December 27th 2016, the head of the Luxembourg tax authorities issued circular L.I.R. n° 56/1 – 56bis/1 relating to the tax treatment and more specifically the transfer pricing aspects of companies engaged in intra-group financing transactions (the “Circular”).

04 Oct 2016

This newsletter is intended as a general discussion of the following topics: Capital Markets,  Corporate, Investment Management and Tax.
If you would like to know more about the topics covered in this newsletter or our services please contact us.

04 Oct 2016

As you may know from our a previous newsflash on the subject dated July 2016, company law matters are regulated by the Luxembourg law of August 10th 1915 on commercial companies, as amended from time to time (the Law 1915), as well as some provisions of the Luxembourg civil code relating to certain Luxembourg legal entities.