Newsflashes

On 19 January 2023, the CSSF issued circular 23/829 (the " Circular") on the application of the guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (the “ Investment Firms Regulation”). The

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets (the " Law of 2022"), which entered into force on 5 July 2022, aims at completing the transposition of Directive 2014/42/EU of the European Parliament and of the Council of 3 April 2014 on the freezing and

On 20 March 2022, the Luxembourg law (draft law No. 8055) on distributed ledger technology (the " DLT Law") amending (i) the law of 5 April 1993 on the financial sector (the " Financial Sector Law"), (ii) the law of 5 August 2005 on financial collateral law (the " Financial Collateral Law") and (iii

The first Double Tax Treaty (“ DTT”) entered into between Luxembourg and the UK dates back to 1967 and has been amended three times since. As the last formal amendment dates back to 2009 and the last indirect modification took place through the Multilateral Instrument (“ MLI”) in 2019, the tax

On 8 February 2023, a draft law No. 8149 (the “ Draft Law”) with the purposes of reviving the Luxembourg real estate market has been submitted to the Luxembourg Parliament ( Chambre des Députés). The Draft Law proposes the creation of an advantageous and time-limited tax climate, with the objective

On 28 February 2023, following a preliminary ruling requested by the UK First-tier Tribunal (Tax Chamber), the European Court of Justice (“ ECJ”) decided on case C-695/20 concerning the applicability of Article 9 bis of the regulation No. 282/2011 of 15 March 2011 laying down implementing measures