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Mar 11, 2019
Amendment of the Exchange of Information upon Request Law
The law of 1 March 2019, amending the law of 25 November 2014, providing for the procedure applicable to the exchange of information upon request in tax matters, has been voted on February 14th 2019 b
Mar 11, 2019
Exchange of Information | New Request for Preliminary Ruling from the ECJ
In 2017, the Luxembourg tax authorities, on the basis of a request for exchange of information from the Spanish tax authorities, issued two injunctions against a Luxembourg company and a Luxembourg ba
Mar 08, 2019
NEWSFLASH | Luxembourg presents budget law 2019
On March 5th 2019, the Luxembourg Minister of Finance submitted to the Parliament the draft 2019 budget law (the "Budget"), which is expected to be approved by the end of April.
Mar 07, 2019
Loi du 1er mars 2019 portant modification de la loi du 1er août 2001 concernant la circulation des titres
Comme annoncé dans une précédente lettre d’information datée du 25 septembre 2018 , le législateur luxembourgeois travaillait sur un projet de loi (PL 7363) visant à moderniser la loi du 1er août 2001
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