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Context On 8 April 2022, the Ministre des Classes Moyennes presented the draft law 7989 (the " Draft Law") aimed at amending the law of 2 September 2011 regulating access to the professions of craftsman, trader and industrialist and to certain professions. Objectives Ten provisions characterise the

On 8 November 2022, the Court of Justice of the European Union (the " ECJ") ruled that the Advance Pricing Agreement (" APA") granted by Luxembourg tax authorities to Fiat Finance & Trade Ltd (" FFT") is not an illegal State aid. Facts of the case In 2014, the European Commission opened an

Updated Rules & Regulations of the Luxembourg Stock Exchange On 18 October 2022, Luxembourg Stock Exchange (“ LuxSE”) published an updated LuxSE Rules & Regulations 2022 and LuxSE Trading Manual 2022 . The purpose of this update was the introduction of a new Fast-Lane procedure for admission to

In October and November 2022, ESMA updated its Questions and Answers (“ MAR Q&A”) on Regulation (EU) No. 596/2014 (the “ Market Abuse Regulation” or " MAR"), and its Questions and Answers (“ CSDR Q&A”) on Regulation (EU) No. 909/2014 (the " CSDR"). With the latest update of the MAR Q&A, ESMA amended

On 2 December 2022, the CSSF issued a FAQ (the " CSSF FAQ") in relation to the Sustainable Finance Disclosure Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial services sector (" SFDR") and Commission Delegated Regulation (EU) 2022/1288 (" SFDR RTS"

In a judgment dated 8 December 2022 in the case C-694/20 Orde van Vlaamse Balies, the European Court of Justice (" ECJ" or the " Court") sitting in Grand Chamber handed down a decision concerning the compatibility of Directive 2011/16/EU on administrative cooperation in the field of taxation as