Newsflashes

In December 2018, the European Commission mandated a group of social, financial and academic experts to develop a strategy on sustainable finance which incorporates Environmental, Social and Governance (ESG) considerations into investment decisions and ensures that clients are accurately informed

In a judgment handed down on 12 November 2019, the Luxembourg Lower Administrative Court ( Tribunal administratif) ruled in favour of the disallowance of interest expenses paid under bonds held by a family wealth management company, a société de gestion de patrimoine familial (" SPF"), on the

On 26 November 2019, the Luxembourg Higher Administrative Court ( Cour administrative) referred a preliminary question to the Constitutional Court ( Cour constitutionnelle) concerning the compatibility with the Constitution, and more specifically with the principle of the rule of law, of the change

In October 2019, the Organisation of Economic Cooperation and Development (" OECD") published a public consultation document on the so-called "Unified Approach" under Pillar I. Pillar I is concerned with the allocation of taxing rights between countries and seeks to undertake a review of the profit

On 8 November 2019, the Organisation of Economic Cooperation and Development (" OECD") published a public consultation document asking for comments on its Global Anti-Base Erosion (" GloBE") Pillar II proposal. This follows the publication of the OECD Secretariat’s "Unified Approach" under Pillar I

Background The Grand-Ducal Regulation of 26 October 2019 (the " Amending Grand-Ducal Regulation") amending the Grand-Ducal Regulation of 21 December 2017 relating to the fees to be levied by the CSSF updates the fee arrangements in order to, inter alia, take into consideration Regulation (EU) 2017