Jan 31, 2019
BSP Newsletter | February 2019
This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Investment Funds and Tax. If you would like to know more about the topic
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Jan 30, 2019
Benchmarks regulation | Update of ESMA Q&A
The European Securities and Markets Authority (“ESMA”) has recently updated its Q&A on Regulation (EU) No.
Jan 25, 2019
Previous Tax Treaty between France and Luxembourg still applies for 2019
As a reminder, a new double Tax Treaty was signed between Luxembourg and France (hereafter the “New Tax Treaty”) on March 20th 2018.
Jan 23, 2019
Legal alert | Constitutional Court to rule on the compatibility of the procedure for exchange of information with the rule of law
Background In 2014, the Luxembourg legislator changed the procedural rules applicable to the exchange of information upon request, in tax matters.
Jan 22, 2019
Court of Appeal confirms strong position of pledgee under collateral Law
The strong protection of secured parties under pledge agreements governed by the Luxembourg law of August 5th 2005 on financial collateral arrangements, as amended, (the “Collateral Law”) has been fur
Jan 22, 2019
Non-extension of specially reduced tax rate on real estate capital gains
After a 1-year extension early last year, the specially reduced tax rate on capital gains realised by individual taxpayers on certain real estate assets has not been extended for the tax year 2019.
Jan 21, 2019
Luxembourg - Hong Kong mutual recognition of funds MOU signed by CSSF and SFC
On January 15th 2019, the Commission de Surveillance du Secteur Financier (“CSSF”) agreed to a Memorandum of Understating (“MoU”) with the Securities and Futures Commission (“SFC”) on the mutual recog
Jan 18, 2019
Legal Alert | The Law of January 15th 2019 setting up a register of beneficial owners
HISTORICAL BACKGROUND On December 6th 2017, the Luxembourg Parliament published two bills of laws (PL 7216 and PL 7217) aimed at implementing new transparency measures provided by Directive 2015/849
Jan 17, 2019
Newsflash | Leave entitlements
On 11 January 2019, the Council of the Government approved a draft law on the amendment of articles L. 232-2 and L.