Newsflashes

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

By judgement dated 31 July 2019 (No. 42326C) , the Luxembourg Higher Administrative Court ( Cour Administrative) reiterated its interpretation of Article 164 of the Luxembourg income tax law regarding hidden dividend distributions. In the matter at hand, the taxpayer, a Luxembourg resident company

On 18 July 2019, the Law of 16 July 2019 (the “ New Law”) implementing, among others, Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “ Securitisation

In July 2019, ESMA updated its Questions and Answers on the Prospectus Regulation (the “ PR Q&A”) relating to Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “ Prospectus

The long expected Directive (EU) 2019/1160 regarding cross-border distribution of collective investment funds amending the UCITS Directive and the AIFM Directive (the Directive) as well as the Regulation (EU) 201/1156 on facilitating cross-border distribution of collective investment funds and

As anticipated in our July 2019 Newsletter , the new Luxembourg law on prospectuses (the “ New Prospectus Law”) implementing Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “