Newsflashes

The “omnibus” law of April 8 th 2018, effective since April 15 th 2018 (hereinafter the “ Law”), amends many provisions of the Labour Code in order to strengthen the protection of employees. The main changes are as follows: Full maintenance of salary in case of incapacity for work due to illness

This newsletter is intended as a general discussion of the following topics: Banking & Finance, Capital Markets, Corporate, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Implementation of the 4 th Anti

On April 20 th 2018, the CSSF published a press release stating that they will be conducting an annual online survey of entities subject to its supervision and subject to the law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended. This survey, which will

On April 19 th 2018, the European Parliament announced it had adopted the new directive which will amend the 4 th AML Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing. This new directive ( the 5 th AML Directive) is part of

The Luxembourg Law of April 17 th 2018 on indices used as benchmarks (“ Luxembourg Benchmark Law”) was adopted in order to implement Regulation (EU) No. 2016/1011 of 8 June 2016 on indices used as benchmarks (" Benchmarks Regulation" or “ BMR”), which came into effect on January 1 st 2018. This

On April 19 th, the law of April 17 th 2018 on key information documents for packaged retail investment and insurance products (formerly draft Law 7199) (the “ Law”) was published in the Official Journal of Luxembourg. The law implements provisions of Regulation (EU) No. 1286/2014 (the “ Regulation”