Newsflashes

On 8 August 2019, the Chamber of Deputies of the Grand-Duchy of Luxembourg issued a draft law 7467 (the “ Draft Law”) for the purposes of transposing some provisions of the Directive 2018/843 of 30 May 2018 (the “ 5th AML Directive”) amending Directive (EU) 2015/849 of 20 May 2015 (the “ 4th AML

In a judgment handed down on 10 July 2019 (C-273-19, SIA Kuršu zeme), the European Court of Justice (“ ECJ”) ruled that, in case of a chain of successive supplies of goods, the fact that the final purchaser acquired possession of the goods in the warehouse of a person forming part of the chain that

On 19 July 2019, the ESMA issued its final report on the guidelines on the reporting procedure to competent authorities under Article 37 of the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (“ MMF Regulation”). These guidelines apply as

On 21 June 2019, the International Labour Organization (“ ILO”) adopted Convention No.190 concerning the elimination of violence and harassment in the world of work (hereafter the “ Convention”) and the associated recommendation No. 206 (hereafter the “ Recommendation”). CONTENT The Convention

By judgement dated 31 July 2019 (No. 42326C) , the Luxembourg Higher Administrative Court ( Cour Administrative) reiterated its interpretation of Article 164 of the Luxembourg income tax law regarding hidden dividend distributions. In the matter at hand, the taxpayer, a Luxembourg resident company

On 18 July 2019, the Law of 16 July 2019 (the “ New Law”) implementing, among others, Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “ Securitisation