Latest Newsflashes
Jul 19, 2019NEWSFLASH | Brexit - CSSF 12 Month Transitional Period for Uk Funds, AIFMs and Management Companies
Background In April 2019 two Luxembourg laws (the “ Brexit Laws”) were published in anticipation of the United Kingdom's exit from the European Union without any withdrawal agreement on 31 st October 2019 (the " Hard Brexit"). In such an event, the United Kingdom will be considered as a third
Jul 18, 2019PRIIPs Assessment Request from CSSF
On 1 July 2019, the CSSF issued press release 19/28 (the " Press Release") relating to an assessment of the impact of Regulation (EU) 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products
Jul 12, 2019The New Shareholders Law: implementation of the draft law 7402 | General overview
On 10 July 2019 the Luxembourg Parliament (Chambre des Députés) adopted the final text of the draft law No. 7402 (the New Shareholders Rights Law for the purposes of implementing Directive (EU) 2017/828 amending Directive 2007/36/EC as regards the encouragement of long term shareholder participation
Jul 12, 2019BSP Newsletter | July 2019
This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Employment, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML CSSF Circular 19/722 -
Jul 11, 2019NEWSFLASH | Law of June 26th 2019 on trade secrets
Trade secrets have for a long time been insufficiently protected and difficult to defend compared to intellectual property rights. It is however an equally important instrument for the protection of technological or non-technological innovations and knowledge in EU companies. It is within this
Jul 11, 2019NEWSFLASH | Directive on the protection of persons reporting on breaches of Union law
The Directive on the protection of persons reporting on breaches of Union law (“ Directive”) was approved by the European Union (“ EU”) Parliament on 16 April 2019. The Directive has not yet been published to the Official Journal of the EU yet. In recent years, whistle-blowers have played a key role
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