Latest Newsletters & Newsflashes
Jun 22, 2023Newsflash | New Legislation on the Execution of Freezing Orders and on the Mutual Recognition to Confiscation Orders: Towards the Implementation in Luxembourg of Regulation (EU) 2018/1805
In 2018, the European Parliament and the European Council adopted a regulation on the mutual recognition of freezing orders and confiscation orders, the Regulation (EU) 2018/1805 of November 14, 2018. The Regulation aims at making the freezing and confiscation of assets deriving from criminal
May 22, 2023Newsflash | Entry into force of the law of 16 May 2023 on the protection of persons who report breaches of Union law: employers – are you ready?
On 16 May 2023, the Luxembourg Parliament ( Chambre des députés) adopted the long-awaited law (the " Law") transposing Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (the " Directive"). The Law
May 19, 2023Video | Is a Luxembourg holding company suitable for personal investments?
Watch the video with Alain Steichen and Pol Mellina: Our lawyers will be discussing the question whether it is a good idea to hold personal or family investments through a Luxembourg holding company. The reason why we are doing this video in English is mainly because we will be focusing on the
Apr 28, 2023Newsflash | Proposed amendments to Luxembourg administrative procedure in direct tax matters – one step forward, two steps back
On 28 March 2023, the Luxembourg government presented a draft law amending a number of aspects of the administrative procedure applicable in direct tax matters (the “ Draft Law”). While the government has presented this reform as a simplification and modernisation of the procedures applicable to
Apr 24, 2023Newsflash | Question on the constitutionality of the minimum net wealth tax regime
In a judgement dated 18 April 2023 (docket n° 45910), the Lower Administrative Court ( Tribunal administratif) referred to the Constitutional Court the question of whether the difference in treatment between holding companies, and other Luxembourg companies with regard to minimum net wealth tax
Apr 06, 2023Law of 29 March 2023 on moral harassment
On 14 March 2023, the Luxembourg Parliament ( Chambre des députés) adopted the long-awaited law aiming at introducing into the Labour Code a new chapter regarding the protection against moral harassment in the context of work relationships (the “ Law”). The Law will enter into force on 9 April 2023
Apr 04, 2023BSP Newsletter | April 2023
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Apr 03, 2023Update and modernisation of Luxembourg Funds’ Toolbox
On 27 March 2023, draft law No. 8183 (the “ Draft Law”) has been submitted to the Luxembourg Parliament ( Chambre de Députés). The Draft Law proposes to amend the following Luxembourg laws: the law of 15 June 2004 as amended, relating to the investment company in risk capital (SICAR) (the “ SICAR
Apr 03, 2023Draft law No. 8185 | Transfer of non-performing loans
On 24 March 2023, a draft law No. 8185 (the " Draft Law") has been submitted to the Luxembourg Parliament ( Chambre des Députés). The Draft Law aims to (i) transpose Directive (EU) 2021/2167 of 24 November 2021 on credit managers and credit purchasers, (ii) implement Regulation (EU) 2022/2036 of 19
Mar 31, 2023GDPR | Clarification of the ECJ on the right of access of the data subjects
In a decision of 12 January 2023, the European Court of Justice (“ ECJ”) clarified the scope of Article 15(1)(c) of Regulation (EU)2016/679 of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (“ GDPR”). Legal
Mar 31, 2023The EU General Court overturns the decision of the EU Commission approving Romanian aid to Timișoara International Airport in favour of Wizzair (case t-522/20)
The EU General Court (the “ Court”) annuls, through its ruling dated 8 February 2023, the decision of the EU Commission approving Romanian aid to Timișoara International Airport in favour of Wizz Air. Facts Timișoara International Airport is operated by Societatea Națională ‘Aeroportul Internaţional
Mar 31, 2023New circular of Luxembourg tax authorities | Clarification of rules applicable to prime participative regime
On 27 February 2023, the Luxembourg Direct Tax Administration ( Administration des contributions directes) issued circular L.I.R. No. 115/12 (the “ Circular”) aiming at clarifying the rules applicable to the prime participative. The Circular replaces the previous circular L.I.R. No. 115/12 dated 8
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