Latest Newsflashes
Oct 05, 2022Luxembourg financial collateral law | Amendment law adopted
On 20 July 2022, the Luxembourg law amending, amongst others, the Luxembourg law of 5 August 2005 on financial collateral arrangements, as amended (the " Financial Collateral Law") was published in the Luxembourg official gazette (the " New Law"). The New Law became effective on 24 July 2022. Key
Sep 15, 2022Sustainable Finance Insight Series - 16 | ESAs’ Report on the extent of voluntary disclosure of principal adverse impact under article 4 (1) of the SFDR
On the 28 July 2022, the European Supervisory Authorities (“ ESAs”) issued a joint report to the European Commission on disclosures of principal adverse impacts (“ PAIs”) of investment decisions on sustainability factors, in accordance with article 18 of Regulation (EU) 2019/2088 of the European
Aug 24, 2022Newsflash | Report of the Committee on Economic and Monetary Affairs on the European Commission’s proposed ATAD 3 Directive
On 12 May 2022, the Committee on Economic and Monetary Affairs within the European Parliament (hereafter the “ Committee”) issued a draft report (the ” Draft Report”) suggesting certain amendments to the European Commission’s proposal for a Council directive laying down rules to prevent the misuse
Jul 20, 2022CSSF circular 22/811 | UCI administrators
On 16 May 2022, the Commission de surveillance du secteur financier (the “CSSF”) issued Circular 22/811 on the authorisation and organisation of entities acting as UCI administrators (the "Circular"). In the Circular, the CSSF repeals Chapter D of IML Circular 91/75 setting out the rules concerning
Jul 20, 2022Higher Administrative Court | Clarifications on the calculation of time limits applicable to administrative remedies
Overview In a judgment dated 9 June 2022, the Luxembourg Higher Administrative Court ( Cour administrative) recalled that for the purposes of computing the three-month statute of limitation applicable in the case of an appeal filed against an administrative decision issued by the Director of the
Jul 18, 2022New Double Tax Treaty signed between Luxembourg and the United Kingdom
On June 7 2022, the Luxembourg government announced the signing of a new Double Tax Treaty (“ DTT”) and a Protocol with the United Kingdom that will replace the existing DTT concluded in 1967. The new DTT introduces a number of significant changes, including an exemption from dividend withholding