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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 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 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.
Jan 17, 2019
Improvements in foreign exchange administration for QFIIS/RQFIIS and opening up of Chinese capital markets
The State Administration of Foreign Exchange (“SAFE”) released an updated version of the Foreign Exchange Administrative Provisions on the Domestic Securities Investment by Qualified Foreign Instituti
Jan 16, 2019
Market Abuse | Update of ESMA Q&A
In the last quarter of 2018, ESMA has twice updated its Questions and Answers (“Q&A”) on Regulation (EU) No.
Jan 16, 2019
Draft Law to transpose EU Directive on long-term shareholder engagement into Luxembourg national Law
On January 11th 2019, the Council of the Government (Le Conseil de gouvernement) discussed a draft law (the “Draft Law”) which has as its purpose the transposition into Luxembourg law of Directive (EU
Jan 15, 2019
Transparency Law | CSSF Enforcement
The CSSF has published Press Release 19/02 (the “Press Release”) for the attention of issuers of securities subject to the Law of January 11th 2018 on transparency requirements for issuers of securiti