Newsflashes

Purpose of the bill Setting out a special regime of civil liability for damages in connection with a nuclear incident. Providing for a specific legal framework for restitution and compensation in the event of a nuclear incident causing damages on the territory of the Grand Duchy of Luxembourg, which

Since our last newsletter, ESMA has updated its Q&A on the Market in Financial Instruments Directive 2014/65/EU of 15 May 2014 (“ MiFID II”) and on the Markets in Financial Instruments Regulation 600/2014 of 15 May 2014 (“ MiFIR”), on the following topics: Q&A on MiFID II Investor Protection and

The draft Luxembourg law 7216B, already referred to in our February 2018 newsletter, was voted by a first parliamentary vote on 1 July 2020 and finally adopted by dispensation from the second constitutional vote granted by the Council of State on 10 July 2020 (the “ Fiduciary Arrangement Law”). The

On 1 July 2020, the CSSF published (i) CSSF Regulation No. 20-02 of 29 June 2020 on the equivalence of certain third countries with respect to supervision and authorisation rules for the purpose of providing investment services or performing investment activities and ancillary services by third

Background Adding to the undoubted success of the Luxembourg law of 5 August 2005 on financial collateral arrangements (the “ Financial Collateral Law”), Luxembourg’s appeal as an international hub for cross-border financing transactions is about to get a boost with the introduction of a new

As the state of crisis came to an end on 25 June 2020, the Government announced that the mechanism of short-time working due to force majeure/COVID-19 in force since the month of March will expire at the end of June. However, considering that a large number of companies will continue to suffer from