Newsletters & Newsflashes

Background On 9 April 2020, the CSSF published Circular 20/739 on the application of the “ Guidelines on the Reporting under Articles 4 and 12 Securities Financing Transactions Regulation” (hereafter “ SFTR”), which were published on 6 January 2020 by the European Securities and Markets Authority (“

On 3 April 2020, the Secretariat of the Organisation for Economic Co-operation and Development (“ OECD”) published some guidance on certain tax issues arising when applying international tax treaties based on the OECD Model Convention (“ OECD Model”) when, as a result of the COVID-19 crisis

Within the framework of the economic stabilisation programme announced on 25 March 2020, a law establishing a guarantee scheme supporting the Luxembourg economy was published and entered into force on 18 April 2020 (the “ Law”). The Law will allow the Luxembourg State to back loans granted by credit

CONTEXT Due to the exceptional circumstances linked to the ongoing COVID-19 pandemic and the related restricting measures taken by the Luxembourg Government, including the confinement and the strong recommendation to implement remote working when possible, a significant number of people are working

On 18 March 2020, the Luxembourg government adopted a Grand-Ducal Regulation declaring a state of emergency, allowing it to take urgent measures to deal with the crisis linked to Covid-19. By a law voted on 24 March 2020, the state of emergency was extended for a maximum period of three months. With

Le 18 mars 2020, le gouvernement luxembourgeois a adopté un règlement grand-ducal déclarant l'état d'urgence, lui permettant de prendre des mesures urgentes pour faire face à la crise liée au Covid-19. Par une loi votée le 24 mars 2020, l'état d'urgence a été prolongé pour une durée maximale de

Dans le cadre de la lutte contre la propagation du Covid-19, deux règlements grand-ducaux sont venus interférer sur la vie des chantiers et donc sur les relations contractuelles entre maîtres d’ouvrage et entreprises de construction. Ainsi, en date du 18 mars 2020 un premier règlement grand-ducal a

Background In response to the Covid-19 crisis, the Luxembourg Government declared the state of emergency by its regulation of March 18th, 2020, and passed several measures in the fight against Covid-19. These measures are limited to what is indispensable and strictly necessary and are adequate and

On 16 April 2020 the CSSF published an updated version of its frequently asked questions on COVID-19 (the “ Updated FAQs”). The latest version adds four questions applicable to passive and active breaches of investment restrictions by UCITS. A PASSIVE BREACH OF GENERAL INVESTMENT RESTRICTIONS AND

Contexte En réponse à la crise Covid-19, le gouvernement luxembourgeois a déclaré l'état de crise par son règlement du 18 mars 2020, et a adopté plusieurs mesures dans la lutte contre le Covid-19. Ces mesures se limitent à ce qui est indispensable et strictement nécessaire et sont adéquates et

On 10 April 2020, the CSSF published Circular 20/740 to provide guidance to all professionals who are subject to the CSSF’s anti-money laundering and counter-terrorism financing (“ AML/CFT”) supervision in respect to money laundering and terrorism financing (“ ML/TF”) risks and consequences amid the

On 9 April 2020, the CSSF published a communication announcing a new, weekly questionnaire (the " Questionnaire") applicable to investment fund managers authorized by the Law of 17 December 2010 relating to undertakings for collective investment (the " 2010 Law") or the Law of 12 July 2013 on