Newsflashes

In the last quarter of 2018, ESMA has twice updated its Questions and Answers (“ Q&A”) on Regulation (EU) No. 596/2014 of 16 April 2014 on market abuse (the “ Market Abuse Regulation”), to provide some more clarification regarding the delay of disclosure of inside information by credit/financial

The CSSF has published Press Release 19/02 (the “ Press Release”) for the attention of issuers of securities subject to the Law of January 11 th 2018 on transparency requirements for issuers of securities, as amended. The CSSF wishes to highlight to those issuers and auditors preparing and auditing

In a recent decision (No.40352 dated December 20 th 2018), the Lower Administrative Court (“ Tribunal administratif”) confirmed, as in previous decisions, that by application of the principle of legitimate expectations ( principe de confiance légitime), a confirmation given by the Luxembourg tax

Both the European Securities and Markets Authority ( ESMA) and the European Banking Authority ( EBA) have published yesterday January 9 th 2019 individual report on crypto-assets. ESMA, together with EU Member State national competent authorities, has analysed various business models of crypto

On November 5 th 2018, the Economic and Monetary Affairs Committee (the “ Committee”) voted on the European regulation on European Crowdfunding Service Providers for Business proposed by the European Commission in March 2018. The aim of the proposed regulation is to end the current status quo in

In a ruling issued on November 8 th 2018 (case C-502/17), the Court of Justice of the European Union (the “ ECJ”) had to rule on the question whether a real estate property developer who did not register for VAT purposes, despite being under the obligation to do so, and who has failed to keep