Newsflashes

On 20 February 2020, a draft law was presented to the Luxembourg Parliament with the purpose of introducing amendments to the Luxembourg legislation implementing the Common Reporting Standard (“ CRS”) and the Foreign Account Tax Compliance Act (“ FATCA”), the two main frameworks for automatic

On 31 March 2020, ESMA launched a consultation paper in order to draft implementing technical standards (“ ITS”) in accordance with regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “ Regulation”). According to the Regulation (covered in

On 3 April 2020, ESMA published its guidelines on performance fees in investment funds, which will be applicable to both UCITS and certain types of AIFs. The guidelines will be translated into the official EU languages. They will become applicable two months after the publication of the translations

On 18 December 2019, Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU (the “ Directive”) was published in the Official Journal of the European

The coronavirus has spread around the globe and the scale of the threat faced today underlines the imperative need for coordinated restriction measures on the free movement of people at the European level, in order to maximise the potential impact of measures taken at the national level to fight the

On 2 April 2020, the European Court of Justice (“ ECJ”) rendered its judgment in the case ‘ GVC Services (Bulgaria)’ (C-458/18) following a preliminary ruling requested by the Sofia Administrative Court in Bulgaria ( Administrativen sad Sofia-grad) addressing the question of Gibraltar within the