Newsletters & Newsflashes

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

On 24 April 2026, the CSSF published Version 8 of its FAQ on Crypto-Assets for Undertakings for Collective Investment (the “ FAQ”). Following the significant amendments introduced by Version 7 of the FAQ in connection with the entry into application of Regulation (EU) 2023/1114 on markets in crypto

Regulation (EU) 2026/1386 of 17 June 2026 on the screening of foreign investments in the Union (the “ Regulation”) restructures the Member States’ framework for the assessment of foreign investments, notably making screening mechanisms mandatory across all Member States, introducing a common minimum

New draft law proposes broader financing options, active management and cross-compartment flexibility. Luxembourg’s securitisation framework is widely regarded as one of the most versatile in Europe, offering a combination of structural flexibility, investor protection and legal certainty that few