Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Aug 25, 2025Newsflash | Tax Authorities clarify reverse-hybrid exemption for investment funds
On 22 August 2025, the Luxembourg Tax Authorities (hereafter the “ LTA”) published the administrative circular L.I.R. n°168 quater /2 (the “ Circular”) clarifying the requirements to be met by collective investment vehicles (“ CIV”) to benefit from the exemption from the reverse hybrid rule
Aug 06, 2025Luxembourg: A strategic hub for defense investment funds in the EU
The changing investment landscape in European Defense and the role of private and public capital The European Union (EU) is witnessing a significant transformation in its defense investment strategy, driven by geopolitical dynamics and a renewed emphasis on strategic autonomy. Initiatives such as
Jul 29, 2025Newsflash | Draft Law to amend the law of 29 August 2008 on the free movement of persons and immigration: between the desire for integration and the need to manage migratory flows
Draft Law No 8586 amending the law of 29 August 2008 on the free movement of persons and immigration (the " Draft Law") was submitted to the Chamber of Deputies on 21 July. The Bill aims to transpose into national law Directive (EU) 2024/1233 of the European Parliament and of the Council of 24 April
Jul 25, 2025Newsflash | Draft Law 8590 | Carried interest tax regime overhaul
On 24 July 2025, Draft Law No 8590 was submitted to the Luxembourg Parliament ( Chambre des Députés ) intending to update and render more attractive the tax regime for carried interest granted to managers of alternative investment funds (“ AIF”). The proposed changes aim at attracting more front
Jul 21, 2025Collective Investment Schemes I IOSCO revised liquidity risk management recommendations and related guidance
The International Organization of Securities Commissions (IOSCO) has published the following final reports on 26 May 2025: Final revised Recommendations for Liquidity Risk Management for Collective Investment Schemes as an update to their earlier 2018 recommendations (the “ Revised Liquidity
Jul 18, 2025ECJ Case law I The General Court confirmed Commission’s review of non-notifiable Luxembourg merger
In its judgment dated 2 July 2025 in case T-289/24 Brasserie Nationale and Munhowen SA vs. Commission, the General Court of the European Union (EU) (the “ Court”) upheld the decision of the European Commission (the “ Commission”) to examine a merger project involving two Luxembourg-based entities
Latest Brochures
Sep 30, 2025SOPARFI
SOPARFI is the acronym for “ Société de Participations Financières”, the French term for “Holding company”. A SOPARFI is a commercial company fully subject to the general provisions of the company and tax law. The term SOPARFI is not a legal concept but describes a company that carries out a holding
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Jun 01, 2023BSP General Brochure
In this brochure you will find the description of all the activity that we can put in place for you. BSP is an independent full-service law firm based in Luxembourg, committed to providing the very best legal services to our domestic and international clients in all aspects of Luxembourg business
Mar 31, 2023Dispute Resolution Brochure
BSP’s dispute resolution practice assists domestic and international clients in a wide range of complex and high-stake and/or international disputes (litigation and/ or arbitration proceedings) in all major substantive areas of the law. Our dispute resolution team can be involved at every stage of
Jul 28, 2022RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Jul 27, 2022Banking & Finance Brochure
BSP’s banking and finance team assists local and international market players on all regulatory and transactional aspects of Luxembourg banking and financial matters. Our lawyers are reputed for their extensive experience in bank lending, debt capital markets and structured finance, in particular
Latest Articles & Books
Aug 28, 2025Thomson Reuters Practical Law | Regulation of state and supplementary pension schemes in Luxembourg
Q&A guide to pensions law in Luxembourg. The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public
Jul 02, 2025International Gambling Laws & Regulations Review 2025-26
The Regulation of Gambling in Luxembourg Definition of Gambling under Luxembourg Law The legal framework of the Grand Duchy of Luxembourg adopts an implicit functional approach to the definition of gambling, without providing a single codified definition. The principal legislative source is the Law
Jul 02, 2025Luxembourg has room to grow in crypto
Paperjam Article and Video Luxembourg’s strong fund ecosystem positions it well for future growth in crypto and tokenisation. Despite this growth potential and regulations supporting this space, certain challenges persist. BSP partner and head of its Investment Management department Evelyn Maher
Jun 20, 2025LIR Luxembourg | Commentary on Article 10 of the New Insolvency Law of 2023
In the June 2025 edition of Legal Industry Reviews (LIR) Luxembourg, our Partner Fabio Trevisan and Carolina Vasselli examine Article 10 of the New Insolvency Law of 2023 through the lens of the District Court’s decision in TAL-2023-10225. Case study: District Court’s decision in TAL-2023-10225
May 30, 2025Thomson Reuters Practical Law | Arbitration procedures and practice in Luxembourg: overview
A Q&A guide to arbitration law and practice in the Luxembourg. The country-specific Q&A guide provides a structured overview of the key practical issues concerning arbitration in this jurisdiction, including any mandatory provisions and default rules applicable under local law, confidentiality
Mar 27, 2025Thomson Reuters Practical Law | Legal systems in Luxembourg: Overview
The Q&A gives a high-level overview of the key legal concepts including the constitution, system of governance and the general legislative process; the main sources of law; the court structure and hierarchy; the judiciary and its appointment and the general rules of civil and criminal litigation. To
Latest Videos
Sep 27, 2023Women in Law Series: Evelyn Maher
Sep 21, 2023Women in Law Series: Nuala Doyle
Sep 21, 2023Towards the modernisation of the Luxembourg fund industry
Sep 13, 2023Women in Law Series: Isabel Høg-Jensen
Sep 12, 2023BSP German Desk
Sep 12, 2023BSP Nordic Desk
