Newsflashes

New clarifications on capital requirements and notification processes for alternative investment fund managers (“ AIFMs”) provided by ESMA. Initial capital and own funds ESMA has released a new question and answer (“ Q&A”) on the alternative investment fund managers directive (“ AIFMD”). One key

On 4 October 2024, in case C-650/22 Fédération Internationale de Football Association (FIFA) v. BZ, the Court of Justice of the European Union (the “ Court”) ruled on the interpretation of Articles 45 and 101 of the Treaty on the Functioning of the European Union (TFEU), relating to the free

Consolidation of questions and answers on the SFDR On 25 July 2024, the European Banking Authority (“ EBA”), European Securities and Market Authority (“ ESMA”) and the European Insurance and Occupational Pension Authority (“ EIOPA”), published a consolidated questions and answers on the SFDR and

On 24 July 2024 draft law No. 8425 (the " Draft Law") was issued by the Luxembourg Parliament ( Chambre des députés) with the purpose of modernising the regulatory framework for dematerialised securities and the financial sector, through targeted amendments to the amended Law of 6 April 2013 on

On 19 July 2024, Luxembourg direct tax authorities issued circular L.I.R. n° 170/1, 170bis/1, I.C.C. n° 44, I.Fort. n° 55 (the “ Circular”) clarifying the Luxembourg tax treatment of the dissolution without liquidation under art. 1865 bis of the Civil Code (also called in practice simplified

The law of 23 July 2024 on the reform of residential leases has been published on the Luxembourg Official Gazette. The main purpose of the reform is to remedy the difficult situation on the rental market in the Grand Duchy of Luxembourg due to existing legal inaccuracies and abuses, particularly