Newsflashes

On 3 February 2023, the Luxembourg government submitted to the Luxembourg Parliament ( Chambre des Députés) draft law No. 8159, aiming at ratifying the recent amendment to the Double Tax Treaty between Luxembourg and France (the “DTT”) on remote workdays, as agreed and signed on 7 November 2022 in

On 20 March 2023, 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

On 13 March 2023, the CSSF updated the FAQ on SFDR by adding three additional questions and answers. Use of the environmental, social, and governance (“ESG”) and/or sustainability related terminology in fund names: are there any ESG and/or sustainability related considerations that financial market

On 20 March 2022, Regulation (EU) 2023/606 of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds (“ ELTIF”) and the scope of eligible investment assets, the portfolio

On 7 February 2023, draft law No. 8147 amending Article 211-4 of the Labour Code (hereinafter the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre des Députés). The Draft Law aims at prohibiting the practice of so-called "zero-hour contracts”. Zero-hour contracts are defined

By an order of 13 January 2023, the President of the Lower Administrative Court ( Tribunal administratif) granted a request for a stay of execution on net wealth tax assessments. The case concerned a Luxembourg company which held a participation in a Swiss company. On the basis of the tax treaty