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Jul 11, 2019Decision of the ECJ on the adjustment of the VAT deduction in case of sale and lease back (cession bail) agreements
The case concerned Mydibel S.A., a Belgian VAT taxable person, that owned several buildings which it used exclusively for its economic activity and for which it deducted the input VAT paid for its construction in full. In 2009, Mydibel entered into sale and lease-back (cession-bail) agreements with
Jul 11, 2019Draft Law 7349 | Concerning ELTIF, EuVECA and EuSEF and Amending the RAIF Law
Draft Law No 7349 was adopted by the Luxembourg Parliament on 11 July 2019 (the " Law") and implements into domestic law certain provisions of the following regulations: Regulation (EU) N°345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds (“
Jul 04, 2019CSSF Circular 19/722 – Declarations of FATF
On July 1 , 2019 the CSSF published Circular 19/722 relating to recent declarations of the Financial Action Task Force (“ FATF”). Jurisdictions with substantial and strategic deficiencies FATF maintained its position that the Democratic People's Republic of Korea (DPRK) is a jurisdiction whose anti
Jul 04, 2019New Luxembourg Prospectus Law
On 2 July 2019, the Luxembourg Parliament ( Chambre des Députés) adopted the final text of the draft law No.7328 on prospectuses (the “ New Prospectus Law”) for the purposes of implementing Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the
Jul 02, 2019CSSF Circulars 19/721 and 19/725 on Dematerialisation of Requests to the CSSF
On 1 July 2019, the CSSF published Circular 19/721 (the " Circular") regarding dematerialisation of requests to the CSSF. The Circular establishes an eDesk portal to serve as a tool of communication between the CSSF and all Luxembourg regulated funds (UCITS, Part II UCIs, SIFs, SICARs) as well as
Jul 01, 2019ILO Violence and Harassment Convention, 2019 (No. 190)
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
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