Latest Newsletters & Newsflashes
Sep 28, 2020Luxembourg Lower Court Delivers Judgment on the Scope of Hidden Dividend Distributions
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 hand, the taxpayer (a company) had booked in its 2013 and 2014 financial accounts provisions for
Sep 24, 2020Newsflash | Tenue des réunions dans les sociétés et autres personnes morales
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'extension des mesures permettant aux sociétés et entités juridiques qui y sont énumérées de tenir leurs
Sep 24, 2020Newsflash | Holding meetings in companies
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 extension of the measures enabling the companies and legal entities listed therein to hold their general meetings
Sep 15, 2020ESMA Guidelines on Disclosure Requirements under the Prospectus Regulation
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 securities are offered to the public or admitted to trading on a regulated market (the “ Prospectus
Sep 01, 2020UCITS | Updated CSSF FAQ
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 “ UCITS Law” and the “ FAQ”). With this update (the ninth) CSSF introduces a new FAQ (1.13 FAQ)
Aug 18, 2020New Luxembourg Law on Professional Payment Guarantees: a practical analysis of its potential
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 Luxembourg financial law over the last decade. In our last newsletter edition , published on 1 July 2020
Aug 15, 2020AML | CSSF Regulation 20-05 and GDR of 14 August 2020
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 August 2020 (“ CSSF Regulation”) amending CSSF Regulation No 12-02 of 14 December 2012 on the fight
Aug 15, 2020AML | CSSF Circular 20/746 on FATF Statements
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 the Financial Action Task Force (“ FATF”) on jurisdictions identified with strategic deficiencies in
Aug 04, 2020Sustainable Finance Insights Series - 8 | Amendments to the Disclosure Regulation (2019/2088)
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 Regulation 2019/2088 (the “ Disclosure Regulation”) on sustainability-related disclosures in the financial
Aug 03, 2020Sustainable Finance Insights Series - 7 | EU taxonomy regulation published
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 sustainability-related disclosures in the financial services sector (the "Taxonomy Regulation") has
Jul 16, 2020BSP Newsletter | July 2020
This newsletter is intended as a general discussion of the following topics: Capital Markets, Employment, Compensations & Benefits, AML Compliance, Banking & Financial Services, Investment Management, Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us.
Jul 16, 2020Securitisation Regulation | Update on Transparency Requirements
In our January 2020 newsletter, we stated that the following technical standards referred to under Article 7(3) and (4) of Regulation (EU) 2017/2402 of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised
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