Newsflashes

Entry into force The income and capital double tax treaty between Cape Verde and Luxembourg was signed on 13 January 2022 (“ DTT”). On 21 June 2023, the Luxembourg Government Council approved the ratification of the DTT. The DTT will enter into force as from 1 January of the year following the

Since our last newsletter, ESMA has published the following in relation to Directive 2014/65/EU of 15 May 2014 on markets of financial instruments (“ MiFID II”) and Regulation (EU) 600/2014 on markets of financial instruments (" MiFIR"): Final Report on the review of the technical standards for

On 13 July 2023, ESMA updated its questions and answers (“ Q&As”) in relation to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (the “ Securitisation Regulation

Aims of the Draft Law The parliamentary process leading to the introduction of a new law on business concentrations (Draft Law No. 8296) (the “ Draft Concentration Control Law”) was started on 23 August 2023. Luxembourg is the only EU member state that does not have a national law on the control on

On 14 June 2023, the Luxembourg Lower Tribunal handed down a judgment regarding the tax treatment of the repurchase of a class of shares and the application of the general prohibition of abuse in tax law. In the case at hand, the tax administration challenged the tax treatment of the repurchase of

The law of 7 August 2023 amending i) the Labour Code, ii) the law of 29 August 2008 on the free movement of persons and immigration (the " Immigration Law") and iii) the law of 18 December 2015 on the reception of applicants for international protection and temporary protection has been published in