Newsflashes

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

Luxembourg issuers preparing their 2025 annual reports face heightened regulatory scrutiny alongside new filing requirements taking effect mid-2026. This article summarises three developments for issuers subject to the law of 11 January 2008 on transparency requirements for issuers of securities, as

Since 2015, the EU has engaged in tax cooperation exchanges with third countries as part of its efforts to promote transparency and international tax cooperation. These exchanges have so far been based on traditional financial account information relating to individuals, in line with the OECD Common