Newsletters & Legal Alerts

Background The sustained and persistent rise in real estate prices and related surge in volume of mortgages has prompted Luxembourg’s systemic risk committee (the “LSRC”), the Grand Duchy’s macroprud

On 19 November 2020, the CSSF published on its website a press release (Press Release 20/23) (“Press Release”) updating Luxembourg-based entities on the recent developments regarding the UK’s Temporar

CONTEXT Due to the exceptional circumstances linked to the ongoing second wave of COVID-19 pandemic, the bill of law 7683 has been adopted on 29 October 2020 (the Law).

Le tribunal d'arrondissement de et à Luxembourg a demandé à la CJUE de se prononcer, à titre préjudiciel, sur l’interprétation à donner aux notions de « circonstances exceptionnelles », de « risque »

The Luxembourg District Court has requested the CJEU to give a preliminary ruling on the interpretation to be given to the concepts of "exceptional circumstances", "risk" and "disproportionate risk" a

On 6 October 2020, the EU Council updated its previously adopted list of non-cooperative jurisdictions for tax purposes.

On 11 June 2020, the European Court of Justice (“ECJ”) rendered its judgment in the case ‘Vodafone Portugal – Communicaçoes Pessoais SA v Autoridade Tributária e Aduaneira’’ (C-43/19) following a requ

On 18 August 2020, ESMA wrote to the European Commission, highlighting areas to consider during the forthcoming review of the Alternative Investment Fund Managers Directive (“AIFMD”). ESMA recog

On 22 June 2020, the European Union published the long-awaited Regulation(EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (the “EU Taxonomy Regulation”), and

On 9 July 2020, ESMA issued a public statement on external support under Article 35 of the money market funds (“MMF”) regulation (“MMF Regulation”).

Following the publication in the EU Official Journal of seven technical standards relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creat

The purpose of the draft law 7638, submitted to the Luxembourg Parliament (Chambre des Députés) on 27 July 2020 (the “Draft Law”) is to transpose into Luxembourg law Directive (EU) 2019/878 of 20 M

As previously stated in our newsflash dated 19 March 2020 (as updated), the Luxembourg Government has agreed on an “exceptional measure” with the Belgian, French and German Governments regarding the t

On 14 October 2020, the Luxembourg Finance Minister presented its presented 2021 draft Budget Bill (hereinafter the “Draft Law”), which includes a number of amendments to the Luxembourg tax system aff

Commission Delegated Regulations amending the Prospectus RTS Regulation Published on 14 September 2020 in the Official Journal of the EU, Commission Delegated Regulation (EU) 2020/1272 brought severa

The EU Recovery Prospectus has been proposed by the European Commission in direct response to the Covid-19 pandemic The goal of the proposed Regulation which would amend Regulation (EU) 2017/1129 (th

On 17 September 2020, Advocate General Szpunar published his opinion in the case C-288/19 of the European Court of Justice ("ECJ") regarding the VAT regime applicable to the private use, by

In its judgment handed down on 25 September 2020, the Lower Administrative Court (Tribunal Administratif) considered the scope of hidden dividend distributions under Luxembourg law. In the case at ha

CONTEXTE Alors que la pandémie de coronavirus continue à avoir un impact sur la bonne gouvernance des sociétés et autres entités juridiques, le projet de loi 7673 (le Projet de Loi) propose l'extensi

CONTEXT While the coronavirus pandemic situation continues to have an impact on the sound governance of companies and other legal entities, the bill of law 7673  (the Bill) suggested the extensi

On 15 July 2020, ESMA published its final report on guidelines on disclosure requirements (the “Guidelines”) under Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when secu

On 7 August 2020, the CSSF issued an updated version of its Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment schemes (the

Introduction: At this is stage, it is unquestionable that the Luxembourg law of 10 July 2020 on professional payment guarantees (the “PPG Law”) is one of the main ground-breaking innovations in Luxem

Regulations amending CSSF Regulation 12-02 of 14 December 2012 and Grand Ducal Regulation of 1 February 2010 on the fight against money laundering and terrorist financing CSSF Regulation 20-05 of 14

On 9 July 2020, the CSSF published Circular CSSF 20/746 (repealing Circular CSSF 20/738 of 6 March 2020) updating all professionals under the supervision of the CSSF on the recent statements made by t

On 22 June 2020, the European Union published the Regulation of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment, and amending Regula

On 22 June 2020 Regulation (EU)2020/852 of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment, and amending Regulation 2019/2088 on sus