Newsflashes

Since our article on the questions and answers of the European Securities and Markets Authority (“ ESMA”) regarding Markets in Financial Instruments Directive (recast) – Directive 2014/65/EU (“ MiFID II”) and Markets in Financial Instruments Regulation – Regulation 600/2014 (“ MiFIR”) in our May

Comme indiqué lors d’une précédente lettre d’information, le Règlement grand-ducal du 5 décembre 2017 (le RGDL) portant coordination de la loi modifiée du 10 août 1915 concernant les sociétés commerciales (la LSC) est entré en vigueur le 19 décembre 2017 modifiant de la sorte totalement la

On January 3 rd 2018 the majority of the provisions of Directive 2014/65/EU on markets in financial instruments (“ MiFID II”) and Regulation (EU) No. 600/2014 on markets in financial instruments (“ MiFIR”) became applicable. MiFIR (with the exception of Article 37 thereof which shall apply from

The Luxembourg tax administration issued a new circular L.I.R. 104/2 dated November 29 th 2017 replacing the previous circular dated December 20 th 2012 regarding the tax treatment of warrants and stock-options allocated to employees. The new circular changes the lump sum valuation method of

On December 19 th 2017, the Minister of Finance of Luxembourg presented a draft bill to Parliament to amend the law of November 25 th 2014, as regards the procedure applicable to the exchange of information on request (the “ Draft Law”). The purpose of the Draft Law is to give full effect to the

On December 15 th 2017, the Law concerning the budget of State revenue and expenditure for the financial year 2018 (the “ Budget Law”) was passed. Listed below are the main measures of the Budget Law, which took effect on January 1 st 2018, in relation to (i) natural persons and (ii) companies. For