Newsflashes

The directive on the protection of persons reporting on breaches of EU law (the “ Directive”) was approved by the EU Parliament on 16 April 2019. The Directive has not yet been published to the Official Journal of the EU. In a context where whistle-blowers play a key role in exposing and preventing

The Luxembourg law of 26 June 2019 on the protection of undisclosed know-how and business information (“ trade secrets”) against their unlawful acquisition, use and disclosure (the “ Law”) has been published in the Mémorial on 28 June 2019. The Law seeks to transpose Directive (EU) 2016/943 of 8

On 24 June 2019, the European Securities and Markets Authority (“ ESMA”) published a questionnaire , which aims at collecting evidence about what aspects of the financial sector could cause short-term pressure on companies. ESMA defines “short-termism” as “the focus on short time horizons by both

CONTEXT The Luxembourg law dated 13 January 2019 (the RBO Law ) created a register of beneficial owners ( registre des bénéficiaires effectifs) (the RBO), with the aim to preserve and make available information on the beneficial owners of Registered Entities (please refer to our latest newsletter)

In two recent cases, the ECJ clarified in which situations holding companies might be entitled to deduct final losses, thus confirming the principles previously established in the Marks & Spencer decision (C-446/03). In the first decision, Memira Holding (C-607/17) dated 19 June 2019, a Swedish

On 16 April 2019, the European Parliament adopted legislative resolutions on a proposal for a Regulation of the European Parliament and of the Council on facilitating cross-border distribution of collective investment undertakings and amending regulations (EU) n° 345/2013, (EU) n° 346/2013 and (EU)