Newsflashes

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)

On 16 April 2019, the European Parliament adopted legislative resolutions on the proposal for a directive of the European Parliament and of the Council amending directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (the “ Proposal”). The

La loi du 10 août 2016 portant modernisation de la loi modifiée du 10 août 1915 concernant les sociétés commerciales a introduit une nouvelle action dite « action sociale minoritaire. » Aux termes de l’article 444-2 de la loi sur les sociétés commerciales (« LSC »), une action en justice peut