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On 16 April 2020 the CSSF published an updated version of its frequently asked questions on COVID-19 (the “ Updated FAQs”). The latest version adds four questions applicable to passive and active breaches of investment restrictions by UCITS. A PASSIVE BREACH OF GENERAL INVESTMENT RESTRICTIONS AND

Contexte En réponse à la crise Covid-19, le gouvernement luxembourgeois a déclaré l'état de crise par son règlement du 18 mars 2020, et a adopté plusieurs mesures dans la lutte contre le Covid-19. Ces mesures se limitent à ce qui est indispensable et strictement nécessaire et sont adéquates et

On 10 April 2020, the CSSF published Circular 20/740 to provide guidance to all professionals who are subject to the CSSF’s anti-money laundering and counter-terrorism financing (“ AML/CFT”) supervision in respect to money laundering and terrorism financing (“ ML/TF”) risks and consequences amid the

On 9 April 2020, the CSSF published a communication announcing a new, weekly questionnaire (the " Questionnaire") applicable to investment fund managers authorized by the Law of 17 December 2010 relating to undertakings for collective investment (the " 2010 Law") or the Law of 12 July 2013 on

On 13 February 2020, the Higher Administrative Court ( Cour administrative) issued a ruling (docket No. 43707C) after an appeal lodged by the Luxembourg State against a judgment of the Lower Administrative Court ( Tribunal administratif), which had decided, by reformation of a decision of the

In a judgment of 28 January 2020, the Luxembourg lower administrative court ( Tribunal administratif) held once again that advance tax agreements are binding upon the Luxembourg Tax Administration (“ LTA”). In February 2013, the taxpayer, a société anonyme incorporated under Luxembourg law (the “