BSP’s lawyers regularly share their knowledge
through regular legal updates, newsletters and professional publications.

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

AML

  • The strengthening of Luxembourg's criminal procedure

BANKING & FINANCIAL SERVICES

  • Changes to the investor compensation scheme regime in Luxembourg

CAPITAL MARKETS

  • Prospectuses - Approval, publication and dissemination of advertisements
  • Prospectuses - Update of ESMA Q&A
  • Market Abuse - Insider Lists
  • Market Abuse - Notifications to competent authorities
  • Market Abuse - Update of ESMA Q&A
  • Market Abuse - Delegated Regulation
  • Market Abuse - Notification and public disclosure of managers' transactions

COMPETITION

  • Actions for damages for infringements of competition law

CORPORATE

  • Modernisation of Luxembourg company law

DISPUTE RESOLUTION

  • Hellas case - Judgement of Luxembourg Court
  • Domiciliation or provision of office space: court recalls the principles

INVESTMENT MANAGEMENT

  • ESMA consolidated Q&A on the application of the UCITS Directive
  • UCITS V and Part II Funds - CSSF Press Release
  • Electronic "Taxe d'abonnement" declarations as from 2018
  • Securities Financing Transactions - ESMA Discussion Paper
  • UCITS V Update - Publication of Level 2 measures on depositary obligations
  • UCITS V and AIFMD - Final ESMA report on remuneration guidelines
  • PRIIPS Regulation - Update
  • AIFMD - ESMA updated Q&A
  • UCITS share classes - ESMA Discussion Paper
  • Luxembourg transposes EMIR into national law

LABOUR LAW

  • Dismissal for improper use of internet
  • Surveillance of internet usage in the workplace
  • Reorganisation of the High Council of Social Security

TAX

  • EU Anti - Tax Avoidance package
  • Draft law on the automatic exchange of Rulings and APAs
  • Exchange of information and fundamental rights: no expedited ECJ procedure
  • 2017 Luxembourg Tax Reform - Preliminary proposal
  • Director's fees are subject to VAT
  • Fiscal Unity: clarifications on the use of tax carried forward losses
  • New circular on taxation of capital gains or transfer of usufruct