Newsflashes

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

On 20 April 2021, the Luxembourg CSSF published Circular 21/771 (the “ Circular”) on the application of the guidelines of the European Securities and Markets Authority (ESMA) on disclosure requirements under Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities

On 31 March and 5 May 2021, respectively, ESMA published updates to its Questions and Answers (the “ Prospectus Q&A”) relating to Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “