Newsflashes

On 31 July 2025, the Belgian Constitutional Court referred a request for a preliminary ruling to the European Court of Justice (the “ ECJ”) on the compatibility of Council Directive 2022/2553 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and

On 22 August 2025, the Luxembourg Tax Authorities (hereafter the “ LTA”) published the administrative circular L.I.R. n°168 quater /2 (the “ Circular”) clarifying the requirements to be met by collective investment vehicles (“ CIV”) to benefit from the exemption from the reverse hybrid rule

The changing investment landscape in European Defense and the role of private and public capital The European Union (EU) is witnessing a significant transformation in its defense investment strategy, driven by geopolitical dynamics and a renewed emphasis on strategic autonomy. Initiatives such as

Draft Law No 8586 amending the law of 29 August 2008 on the free movement of persons and immigration (the " Draft Law") was submitted to the Chamber of Deputies on 21 July. The Bill aims to transpose into national law Directive (EU) 2024/1233 of the European Parliament and of the Council of 24 April

On 24 July 2025, Draft Law No 8590 was submitted to the Luxembourg Parliament ( Chambre des Députés ) intending to update and render more attractive the tax regime for carried interest granted to managers of alternative investment funds (“ AIF”). The proposed changes aim at attracting more front

The International Organization of Securities Commissions (IOSCO) has published the following final reports on 26 May 2025: Final revised Recommendations for Liquidity Risk Management for Collective Investment Schemes as an update to their earlier 2018 recommendations (the “ Revised Liquidity