Newsflashes

On 16 February 2026, ESMA published Q&A 2775 under the Transparency Directive (Directive 2004/109/EC) and its Guidelines on Alternative Performance Measures (the " APM Guidelines"). The Q&A addresses the interaction of the APM Guidelines and IFRS 18 Presentation and Disclosure in Financial

Open-ended AIFs and UCITS must integrate at least two liquidity management tools under the new AIFMD II framework. Regulatory update – Investment funds The deadline for the transposition of Directive (EU) 2024/927 (the “ AIFMD II”) was 16 April 2026. The European Commission has finalised the

In Case C-158/25 (QJ v the Luxembourg Registration Duties, Estates and VAT Authority ( Administration de l'enregistrement, des domaines et de la TVA ) (" AEDT")), Advocate General Medina proposes in her Opinion of 5 March 2026 that the CJEU grants company directors subject to a guarantee call the

On 27 March 2026, Luxembourg took a significant step towards greater financial transparency by enacting a new law that anchors the European Single Access Point ("ESAP") in national legislation. The law transposes Directive (EU) 2023/2864 and implements Regulations (EU) 2023/2859, (EU) 2023/2869 and

On 30 March 2026, the European Parliament and the Council officially adopted Directive (EU) 2026/799 harmonising certain aspects of insolvency law (the “ Directive”). This article provides an overview of the Directive's key reforms, including harmonised avoidance actions, asset tracing mechanisms

In a judgment dated 5 February 2026, the District Court of Luxembourg (No. TAL-2023-09471) has confirmed a EUR 725,000 administrative fine imposed by the Luxembourg Registration Duties, Estates and VAT Authority ( Administration de l’enregistrement, des domaines et de la TVA ) (“ AED”) on a company