Newsletters & Newsflashes

On 30 September 2022, the European Supervisory Authorities (“ ESAs”) delivered to the European Commission their final report setting out draft regulatory technical standards (“ RTS”) on the disclosure of financial products’ exposure for investments in fossil gas and nuclear energy activities under

The Commission Delegated Regulation (EU) 2022/1214 of 9 March 2022 [ 1 ] (“ Nuclear and Gas Regulation”) was published on 15 July 2022 after finally being approved by the European Parliament after a long and difficult road. The Nuclear and Gas Regulation recognises fossil gas and nuclear activities

Following the proclamation of the European Social Rights Framework by the EU institutions in November 2017, Directive (EU) 2019/1152 on transparent and predictable working conditions in the European Union was adopted on 20 June 2020 (the " Directive"). The Directive aims, inter alia, to improve

Following the proclamation of the European Social Rights Framework by the EU institutions in November 2017, Directive (EU) 2019/1152 on transparent and predictable working conditions in the European Union was adopted on 20 June 2020 (the " Directive"). The Directive aims, inter alia, to improve

On 8 September 2022, the Court of Justice of the European Union (the “ ECJ”) issued a judgment in case C-98/21 concerning the right to deduct input VAT for a holding company making shareholder contributions-in-kind, by providing services to the benefit of its subsidiaries. Facts of the case The

Context On 5 April 2022, Advocate General Rantos opined in a pending preliminary ruling ( i.e., Case C-694/20) submitted by the Belgian Constitutional Court to the European Court of Justice (“ ECJ”) on the validity of the provisions of the EU Council’s Directive 2018/822 (“ DAC6” or the “ Directive”

Context On 30 September 2022, the Government Council having regard to the inflationary pressures due to the current economic environment, which continues to weigh on households, including those with a lower income, gave its approval to the draft law No. 8076 (the " Draft Law"), which, once it will

On 20 September 2022, the CSSF published an FAQ on Cross Border Distribution of Funds - Guidance on Marketing Communication (the “ FAQ”) which aims to address a number of key aspects of the application of Article 4 of the regulation 2019/1156 of the European Parliament and of the Council of 20 June

On 7 July 2022, the European Court of Justice (“ ECJ”) decided on case C-194/21 c oncerning the adjustment of input VAT deductions within the meaning of Articles 184 and 185 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (“ VAT Directive”). Background

On 6 July 2022, the European Commission (the “ Commission”) announced a public consultation on tackling the role of intermediaries (referred to as " Enablers") in facilitating complex tax schemes. The consultation period runs from 6 July through 12 October 2022 and aims at collecting feedback on

In a judgment dated 27 July 2022, the Luxembourg Higher Administrative Court ( Cour administrative) (the “ Court”) handed down a decision concerning hidden dividend distributions. Facts of the case In the case at hand, an individual (the “ Director”) was the shareholder of a foreign company (“