Newsflashes

On 29 March 2021 and on 28 May 2021, ESMA updated its Questions and Answers (" Q&As") concerning investor protection and intermediaries topics under Directive 2014/65/EU of 15 May 2014 on markets in financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 of 15 May 2014 on markets in

The European Commission has taken the opportunity in the post-pandemic context to publish a communication on 18 May 2021 in which it sets out its future projects in the field of taxation in the European Union. The communication contains both short and long-term measures that take into account not

The long anticipated draft law 7825 (the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés) by the Luxembourg Minister of Finance on 21 May 2021. If adopted in its current form, the Draft Law will result in substantive amendments to the law of 22 March 2004 on

On 11 March 2021, the Luxembourg Tax Administration (“ LTA”) published updated guidance on the Mutual Assistance Procedure (“ MAP”) in tax matters provided for in double tax conventions signed by Luxembourg. The guidance, which replaces circular L.G.Conv. D.I n o 60 of 28 august 2017, describes the

On 10 May 2021, the Lower Administrative Court ( Tribunal administratif) handed down a judgment addressing (a) the equity/debt qualification for tax purposes of Mandatorily Redeemable Preferred Shares (“ MRPS”) and (b) whether a shareholding in a French Société à Prépondérance Immobilière à Capital

Since the publication of our last newsletter in March 2021, the European Securities and Markets Authority (“ ESMA”) has updated its Questions and Answers on Application of the UCITS Directive (the “UCITS Q&A”) and its Questions and Answers on Application of the AIFMD (the “AIFMD Q&A”) (together the