Latest Newsflashes
Feb 08, 2021Newsflash | New terms of leave for family reasons
The Law of 22 January 2021 amending and temporarily derogating from the provisions of Articles L. 234-51, L. 234-52 and L. 234-53 of the Labour Code relating to leave for family reasons was published in the Official Journal ( Mémorial) on 22 January 2021 (hereinafter the “ Law”). Background A law of
Feb 03, 2021Modernisation of the licensing process in the financial and insurance sectors
Background In a move aimed at simplifying the administrative burden in the financial and insurance sectors, the Luxembourg Minister of Finance filed draft law No. 7761 (the “ Draft Law”) with the Luxembourg Parliament ( Chambre des Députés) on 2 February 2021. The Draft Law, if adopted, will
Feb 02, 2021Newsflash | In Luxembourg, first court decisions on COVID-19: rents for commercial leases are suspended during periods of forced closure
Commercial leases are among the contracts that are the subject of numerous disputes because of the economic situation generated by COVID-19. At the beginning of the health crisis, a draft law was considered, to temporarily suspend the obligation to pay rents related to commercial leases. However
Feb 02, 2021Newsflash | Premières prises de position des tribunaux luxembourgeois au sujet du COVID-19 : les loyers des baux commerciaux ne sont pas dûs pendant la fermeture obligatoire des lieux loués
Parmi les contrats qui font l’objet de nombreuses controverses à cause de la situation notamment économique générée par le COVID-19, il y a les baux commerciaux. Au début de la crise sanitaire, une proposition de loi avait été déposée afin de suspendre l’obligation de paiement des loyers relatifs
Feb 01, 2021ESMA updated its Q&As for the prospectus regulation
On 28 January 2021, ESMA updated its Questions and Answers (Q&As) relating to Regulation (EU) 2017/1129 of the European Parliament and of the Council 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 (“ Prospectus
Jan 29, 2021Sustainable Finance Insights Series - 9 | Reduced subscription tax for UCIs investing in sustainable activities
With effect from 1 st January 2021, the Law of 19 December 2020 (the “2021 Budget Law”) (please see our BSP October Newsflash ), introduced a reduced subscription tax ( taxe d’abonnement ) that will apply to Undertakings for Collective Investment (“UCIs”) investing in sustainable activities as
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