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Mar 06, 2019
Newsflash | New Luxembourg law on the usage of distributed ledger technology for the circulation of securities
The law on 1st March 2019 (the “Law”) amending the Luxembourg law of August 1st 2001 on the circulation of securities (the “2001 Law”) was published on March 5th 2019, marking a further sign
Mar 05, 2019
ECJ Judgment on Beneficial Ownership Concept under EU Law
On February 28th 2019, the Grand Chamber of the Court of Justice of the European Union (“ECJ” or “the Court”) handed down a set of two judgments on the meaning of beneficial owner and abuse of rights
Mar 04, 2019
BREXIT | Memoranda of Understanding between ESMA, EU/EEA Securities Regulators and the FCA on Exchange of Information and Hard Brexit related Measures
On February 1st 2019, ESMA issued a press release regarding Memoranda of Understanding (the “Memoranda”) it has entered into with EU/EEA securities regulators and the FCA.
Mar 04, 2019
MIFID II & MiFIR | Update of ESMA Q&A
Since our last newsletter on the topic, ESMA updated a number of its Q&A regarding the Markets in Financial Instruments Directive – Directive 2014/65/EU of 15 May 2014 (“MiFID II”) and the Markets
Feb 28, 2019
Newsflash | Consequences of Brexit in the sphere of international data transfers
The National Commission for Data Protection (“Commission nationale pour la protection des données”, or “CNPD”) recently published a report on the consequences of Brexit in the sphere of international
Feb 27, 2019
Luxembourg Supreme Court’s Decision on the Enforcement of Financial Collateral
In our January 2019 Newsletter we reported on a judgment rendered by the Luxembourg court of appeals (Cour d’Appel) (the “Court of Appeals”) on May 16th 2018 (No. 63/18, No.
Feb 26, 2019
Court of Cassation clarifies VAT Assessment Notification Rules
On January 17th 2019 (ruling No.
Feb 25, 2019
Input VAT Deduction of Branches
On January 24th 2019, the Court of Justice of the European Union (the “ECJ”) published its judgment in the Morgan Stanley case (C-165/17), clarifying the rules governing the right to deduct input VAT
Feb 05, 2019
Register of Beneficial Owners | Law of 13 January 2019
Pursuant to and in compliance with the AML 4th Directive amended by the AML 5th Directive, Luxembourg parliament enacted the law of 13 January 2019, setting-up a register of beneficial owners (“BOs”)