Newsletters & Newsflashes

What third-country banks need to do before January 2027 The grandfathering period under the sixth Capital Requirements Directive (Directive (EU) 2024/1619) of the European Parliament and of the Council of 31 May 2024 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third

With the expiry of the grandfathering period under Directive (EU) 2024/1619 amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks (the " CRD VI Directive") coming to an end, attention now turns to the Luxembourg

On 3 June 2026, in Case T-1078/23, Meta Platforms, Inc. v European Commission, the General Court of the European Union (the “ Court”) delivered a judgment on an action for annulment brought by Meta Platforms, Inc. (“ Meta”) against a decision of the European Commission (the “ Commission”) adopted

On 12 May 2026, in Case C-797/23, Meta Platforms Ireland Ltd v Autorità per le Garanzie nelle Comunicazioni (“ AGCOM”), the Court of Justice of the European Union (“the Court”) delivered a preliminary ruling on interpretation in proceedings between Meta Platforms Ireland Ltd (“ Meta”) and AGCOM, the

On 1 July 2026, the CSSF published a communication drawing market participants' attention to two key developments arising from the ESG Ratings Regulation (Regulation (EU) 2024/3005) ESG Rating disclosure First, the Regulation began to apply on 2 July 2026. Second , Article 49 [LM1] of the Regulation

The European Commission has now adopted all sets of delegated regulations under the ESG Ratings Regulation. What the ESG Ratings Regulation does - ESMA at the centre of a new supervisory regime The Regulation, which entered into force on 2 January 2025, places ESMA at the centre of a new supervisory

In its judgment in Case C-440/23 , European Lotto and Betting and Deutsche Lotto-und Sportwetten, the Court of Justice of the European Union (the “ Court ”) was called upon to clarify the relationship between the freedom to provide services under Article 56 TFEU and national rules restricting the

The CSSF expects all Investment Fund Managers (“IFMs) to self-assess their valuation frameworks and remediate gaps. Supervisory follow-up is expected. Background The CSSF has published a Feedback Report following its thematic review of the valuation frameworks applied by Luxembourg-domiciled

On 2 July 2026, the Court of Justice of the European Union dismissed in full the appeal brought by Google LLC and Alphabet Inc. in the Google Android case, confirming the fine of EUR 4.125 billion. Beyond this historic sanction, the ruling provides important guidance on the legal standards

On 2 July 2026, the Court of Justice of the European Union dismissed the appeal brought by Google LLC and Alphabet Inc. against the judgment of the General Court in the Google Android case, confirming the fine of EUR 4.125 billion imposed on Google for abuse of dominant position in relation to the

Civil Law Droit des obligations Thomson Reuters Practical Law | Legal systems in Luxembourg: Overview 2026 Corporate Newsflash | Act II before the CJEU: following the 2022 judgement, the RBE saga resumes La Società di Partenariato italiana e la Limited Partnership lussemburghese: quando la scelta

An AIFM may be bound by a redemption order accepted by an unauthorised employee - and the redeeming investor becomes a creditor once payment falls due. In a significant ruling for the Luxembourg investment funds industry, the Cour de cassation on 27 March 2025 upheld the decision of the court of