Newsletters & Newsflashes

On 9 October 2024, Luxembourg’s Finance Minister submitted draft budget law No. 8444 to the Luxembourg Parliament (the “ Draft Budget Law”). The main tax measure is the reduction by fifty percent of the taxable basis for registration and transcription duties applicable to real estate acquisitions

On 11 September 2024 the CSSF updated its “ Guidelines on cross-border marketing notification and de-notification procedures ” (“ Guidelines”) in order to meet its obligations in relation to the reporting of cross-border marketing of AIFs and UCITS. This update is in accordance with Article 13 of

On 14 July 2024 the CSSF updated its FAQ on notification procedures related to Regulation (EU) 2019/1156 on facilitating cross-border distribution of collective investment undertakings (the “ CBDF Regulation”). This update highlights significant changes affecting notifications submitted to the CSSF

New clarifications on capital requirements and notification processes for alternative investment fund managers (“ AIFMs”) provided by ESMA. Initial capital and own funds ESMA has released a new question and answer (“ Q&A”) on the alternative investment fund managers directive (“ AIFMD”). One key

On 4 October 2024, in case C-650/22 Fédération Internationale de Football Association (FIFA) v. BZ, the Court of Justice of the European Union (the “ Court”) ruled on the interpretation of Articles 45 and 101 of the Treaty on the Functioning of the European Union (TFEU), relating to the free

Consolidation of questions and answers on the SFDR On 25 July 2024, the European Banking Authority (“ EBA”), European Securities and Market Authority (“ ESMA”) and the European Insurance and Occupational Pension Authority (“ EIOPA”), published a consolidated questions and answers on the SFDR and

On 24 July 2024 draft law No. 8425 (the " Draft Law") was issued by the Luxembourg Parliament ( Chambre des députés) with the purpose of modernising the regulatory framework for dematerialised securities and the financial sector, through targeted amendments to the amended Law of 6 April 2013 on

On 19 July 2024, Luxembourg direct tax authorities issued circular L.I.R. n° 170/1, 170bis/1, I.C.C. n° 44, I.Fort. n° 55 (the “ Circular”) clarifying the Luxembourg tax treatment of the dissolution without liquidation under art. 1865 bis of the Civil Code (also called in practice simplified

The law of 23 July 2024 on the reform of residential leases has been published on the Luxembourg Official Gazette. The main purpose of the reform is to remedy the difficult situation on the rental market in the Grand Duchy of Luxembourg due to existing legal inaccuracies and abuses, particularly

On 15 July 2024, the Luxembourg indirect tax authorities issued Circular n° 821 notifying the issuance of new online forms via MyGuichet.lu for the quarterly subscription tax returns of undertakings for collective investments (“ UCI”), specialized investment funds (“ SIF”), and reserved alternative

On 17 July 2024, draft law No. 8414 has been submitted to the Luxembourg Parliament ( Chambre des Députés) (the “ Draft Law”) introducing new tax measures and enhancing certain existing tax regimes. The Draft Law focuses on competitiveness and attractiveness for Luxembourg companies, investors and