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May 27, 2019
AML/CFT Investment Fund Questionnaire
On 23 May 2019, the CSSF disseminated a press release about the publication of an AML / CFT investment fund questionnaire in relation to money laundering and terrorist financing risks (“ML/FT risk”).
May 23, 2019
NEWSFLASH | Law of April 12th 2019 implementing a time savings account
The law of April 12th 2019 implementing a time savings account (hereinafter the “Law”) was published in the Memorial[*] on April 24th 2019.
May 17, 2019
Intercompany payments for fuel cards constitutes VAT exempt financing services
On 15 May 2019, the ECJ published its judgment in the Vega International case (C-235/18) confirming its previous judgment in Auto Lease Holland (C-185/01) relating to the VAT treatment of intercompany
May 10, 2019
ECJ clarifies right to deduct input VAT on mixed expenses
On 8 May 2019, the ECJ published a judgment (C-566/17 Związek Gmin Zagłębia Miedziowego w Polkowicach v Szef Krajowej Administracji Skarbowej) clarifying the extent of the right to deduct input Value
May 02, 2019
NEWSFLASH | Jurisdictional immunity applies in Luxembourg when it comes to the recognition of foreign decisions
An unprecedented judgment of the First Chamber of Luxembourg District Court has been handed down on 27 March 2019, granting the immunity from jurisdiction to a foreign State (including some of it
Apr 24, 2019
BSP Newsletter | April 2019
This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Brexit, Capital Markets, Dispute Resolution, Investment Funds and Tax.
Apr 22, 2019
International Public order in Luxembourg: Punitive Damages are Persona Non Grata
Under US law, punitive damages are damages “awarded in addition to actual damages in certain circumstances.
Apr 22, 2019
CSSF Adoption of EBA PSD2 Guidelines
On March 14th 2019, the CSSF published: CSSF Circular 19/712 (the “Fraud Data CSSF Circular”) adopting the guidelines of the European Banking Authority (“EBA”) on reporting requirements for fraud d
Apr 19, 2019
Luxembourg ratifies the OCDE MLI
The OECD’s Multilateral Instrument Convention (“MLI”), which was signed in Paris on June 7th 2017, has been adopted by the Luxembourg parliament on February 14th 2019 (draft bill No.