Newsflashes

With a view to align the national legislation with the EU legal framework on the issuance of covered bonds, the Luxembourg Minister of Finance submitted draft law 7822 (the “ Draft Law”) to the Luxembourg Parliament ( Chambre des Députés) on 7 May 2021. If adopted, the Draft Law will result in

On 21 May 2021, the Luxembourg law of 20 May 2021, transposing: Directive (EU) 2019/878 of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation

CONTEXT On 15 March 2021, the European Supervisory Authorities (“ ESAs”) published a joint consultation (“ JC”) paper on Taxonomy-related sustainability disclosures on new regulatory technical standards (“ RTS”) regarding content and presentation of sustainability disclosures under Articles 8(4), 9

On 3 March 2021, the European Banking Authority (EBA) issued its third Opinion on the risks of money laundering and terrorist financing affecting the European Union’s Financial Sector (the “ Opinion”). Both the European Securities and Markets Authority (ESMA) and the European Insurance and

On 26 March 2021, the three European supervisory authorities - European Banking Authority (EBA), ESMA and European Insurance and Occupational Pensions Authority (EIOPA), published Joint Questions and Answers (the “ Q&A”) relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general

I. In a nutshell In a recent decision, the Court of appeal clarifies that it is for each Member State to decide for itself whether the enforcement of a foreign (non-EU country) decision would be contrary to its own public order, underlining that EU exequatur decisions granted by another Member State