Newsflashes

The Law of 1 August, 2018 establishing the national commission for data protection and the general scheme on data protection [1] (hereinafter “ the Law”), implements the general data protection regulation (hereinafter “ the GDPR”) that entered into force on 25 May, 2018. As the GDPR is directly

On June 25 th 2018 the Chamber of Deputies of the Grand-Duchy of Luxembourg issued a draft law 7324 (the “Draft Law”) implementing a time-saving account. The time-saving account will enable the employee to better manage their working time and overtime, as well as to take time off when considered

The European Securities and Markets Authority (“ ESMA”) has recently updated its Q&A on Regulation (EU) No. 2016/1011 of June 8 th 2016 on indices used as benchmarks (" Benchmarks Regulation" or “ BMR”). One of the new questions considered by ESMA was whether prospectuses should include reference to

The ESMA Q&A on the application of the UCITS Directive was updated on July 23 rd 2018 with four new questions and answers, one of them being a new section X on Depositary. Issuer concentration The question was raised whether netting and hedging arrangements can be taken into account for the purposes

On July 3 rd 2018, the Organisation for Economic Co-operation and Development (“ OECD”) published a discussion draft that aims to provide extensive guidance on how tax authorities and Multinational Enterprises should assess the arm’s length remuneration on intra-group financial transactions. The

On April 10 th 2018 the German Constitutional Court (hereafter “ GCC”) ruled that the assessment of property tax in the “old West German states” of Germany, based on unitary values determined in 1964, was unconstitutional as it leads to major difference in treatment without sufficient justification