Newsflashes

On 5 December 2025, the ESMA published clarifications addressing key European Long Term Investment Fund (" ELTIF") industry questions submitted to the European Commission (“the Commission”) on the structuring of ELTIFs and their managers. The primary objective was to resolve uncertainties

On 17 December 2025, the Luxembourg Parliament adopted the law of 19 December 2025 establishing a quantitative target for gender balance among directors of listed companies with a view to transposing Directive (EU) 2022/2381 (the " Gender Balance Law"). For those who have been following this

In December 2025, ESMA issued two Q&As ( Q&A 2741 and Q&A 2742 ) offering welcome clarity to issuers grappling with the intricacies of the EU Prospectus Regulation (2017/1129). These clarifications address critical questions about supplement obligations and prospectus exemptions, offering meaningful

The Listing Act (Regulation (EU) 2024/2809) was designed to improve access to public capital markets for EU companies, especially small and medium-sized enterprises, by reducing administrative burdens associated with listing whilst safeguarding market integrity. Following ESMA's technical advice

By two laws published on 19 December 2025, the Luxembourg regulator significantly reshaped the legal framework applicable to companies operating in the retail and craft sectors. The first law introduces a new regime governing opening hours in the retail and craft sectors (the “ Opening Hours Law”)

By a law dated 28 June 2023 , the Luxembourg Parliament ( Chambre des Députés ) adopted legislation amending the Labour Code to formally introduce a statutory right to disconnect for employees using digital tools in the context of their work (the “ Law”). While the substantive obligation has been in