Newsflashes

On March 22 nd 2018, the Organisation for Economic Cooperation and Development (the “ OECD”) published a report, providing additional guidelines on profit allocation to permanent establishments (the “ Report”). The Report has been issued in the context of the OECD base erosion and profit shifting

On March 13 th 2018, the European Council reached a political agreement on the extension of the Directive on administrative cooperation (hereafter “ the Proposal”). In substance, persons that are directly or indirectly involved in setting up of cross border arrangements (hereafter the “

In a precedent newsflash dated November 16 th 2017, we informed you about a press release issued by the Luxembourg Commission de Surveillance du Secteur Financier ( CSSF) whereby CSSF informed investors and other market participants that ESMA had issued a statement on ICOs setting out risks of so

On March 12 th 2018, in the context of the Capital Markets Union action plan, the European Commission issued legislative proposals to amend the existing legal framework for the cross-border distribution of investment funds in the EU. These proposals contain a directive and a regulation (the “

In a recently published consultation document entitled “ Preventing Abuse of Residence by Investment Schemes to circumvent the CRS”, the Organisation for Economic Co-operation and Development (hereafter “ OECD”) was seeking input on how to reduce the risk of using “ residence by investment” (“ RBI”)

On March 1 st 2018, a law was published to modify, inter alia, the law of 17 December 2010 on undertakings for collective investment (the “ 2010 Law”). Luxembourg Parliament voted to clarify the depositary regime for funds subject to Part II of the 2010 Law (“ Part II-UCIs”). It is worth recalling