Latest Newsletters & Newsflashes
Dec 28, 2022EBA guidelines on loan origination and monitoring
European Banking Authority guidelines on loan origination and monitoring (EBA/GL/2020/06) On 29 May 2020, the European Banking Authority (the " EBA") issued final guidelines on loan origination and monitoring (the " Guidelines"). The purpose of the Guidelines is to ensure that in-scope entities have
Nov 14, 2022Newsflash | Administrative dissolution without liquidation
The law of 28 October 2022 creating the procedure for administrative dissolution without liquidation (the Dissolution Law) introduces in Luxembourg a simplified administrative dissolution procedure the aim of which is to allow certain illegible companies to be dissolved without recourse to the
Nov 08, 2022Sustainable Finance Insight Series - 18 | RTS on nuclear and gas investment disclosures under SFDR
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
Oct 17, 2022Sustainable Finance Insights Series - 17 | Fossil gas and nuclear activities are considered aligned with the Taxonomy Regulation – what are the ramifications?
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
Oct 14, 2022BSP Newsletter | October 2022
If you would like to know more about the topics covered in this newsletter or our services please contact us at marketing@bsp.lu.
Oct 11, 2022Draft law on transparent and predictable working conditions: what practical implications for employers?
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
Oct 11, 2022Draft Law on transparent and predictable working conditions
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
Oct 10, 2022Input VAT deduction on services | ECJ judgment
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
Oct 10, 2022DAC6 notification requirement for lawyers covered by legal professional privilege
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”
Oct 10, 2022Temporary suspension of evictions for residential leases
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
Oct 07, 2022CSSF update on cross-border distribution of investment funds
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
Oct 06, 2022Adjustment of input VAT deduction | ECJ decision
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
Pagination