Newsflashes

On 16 May 2023, draft law No. 8217 on enterprises' duty of care with regard to sustainability (the " Draft Law") has been submitted to the Luxembourg Parliament ( Chambre des Députés). Which enterprises have a duty of care? The Draft Law’s provisions will apply: to enterprises when two of the

Directive (EU) 2023/970 of 10 May 2023, aimed at strengthening the application of the principle of equal pay for equal work or work of equal value between men and women through pay transparency and enforcement mechanisms, was published in the Official Journal of the EU on 17 May 2023 and entered

On 10 February 2023, the Luxembourg Lower Administrative Court ( Tribunal administratif) handed down a judgment regarding the constitutionality of a decision by the municipal council of the town of Diekirch to increase its local property tax rate. In 2021, the Diekirch municipal council decided to

On 13 June 2023, the Luxembourg Parliament ( Chambre des Députés) adopted the law amending the Labour Code with a view to introducing a provision on the right to disconnect (the “ Law”). Background Before the adoption of the Law, a right to disconnect was not expressly addressed in the Luxembourg

On 16 May 2023, the Luxembourg Parliament ( Chambre des Députés) has passed the law amending the law of 30 July 2022 setting out various tax measures designed to encourage the marketing and acquisition of building land and residential property (the “ Law”). The purpose of the Law is to increase

On 26 May and 13 June 2023 ESMA published its updated Q&A on the application of the AIFMD (the “ Q&A”). The answers to the questions in the June update were provided by the European Commission. Pre-marketing of AIFs In it May update ESMA clarified that non-EU AIFMs are not allowed to carry out pre