Our publications
BSP’s lawyers regularly share their knowledge through regular legal updates, newsletters and professional publications.
Latest Newsletters & Newsflashes
Oct 28, 2025Luxembourg Draft Law 8628 I Amendments to UCITS Law
Luxembourg Draft Law No. 8628 (the “ Draft Law”) transposes Directive (EU) 2024/927 into the law of 17 December 2010 on undertakings for collective investment (the “ UCI Law”) and the law of 12 July 2013 on alternative investment fund managers (the “ AIFM Law”), focusing on delegation, liquidity
Oct 28, 2025Luxembourg Case Law I Tax Authorities fail to prove permanent establishment on Non-Resident Partners of Luxembourg partnership
In its judgment of 17 September 2025, the Lower Administrative Court ( Tribunal administratif) delivered a significant decision (n°47603) on permanent establishment determination and commercial profit characterisation for non-resident professional service providers. The Court ruled that the
Oct 28, 2025ECJ Case law I Advocate General clarifies limits of joint VAT liability for third parties
Background On 4 September 2025, Advocate General Kokott (AG Kokott) delivered her Opinion in the case C- 121/24, Vaniz EOOD , on the conditions under which a third party may be held jointly and severally liable for unpaid VAT under national law, based on EU VAT legislation. The case at hand
Oct 28, 20252026 Luxembourg budget announced | Tax measures to come
On 8 October 2025, the Luxembourg Minister of Finance presented the 2026 budget (the “ Budget Law”) oriented towards growth and social cohesion. The Budget Law provides for significant investments towards innovation and infrastructure. On the tax side, it essentially sets the 2026 agenda and has
Oct 28, 2025Non-Authorised Funds I CSSF FAQ on Circular CSSF 25/894 updated
Publication The CSSF officially published Circular 25/894 (the Circular) on 26 June 2025, setting out a broader framework and expanded notification obligations for Luxembourg investment fund managers ( IFMs) managing funds that are not authorized by the CSSF. In principle, the Circular states that
Oct 28, 2025DORA | ESA Guide on oversight activities for critical ICT third-party providers
The European Supervisory Authorities (being the EBA, EIOPA, and ESMA, "ESAs”) have published a comprehensive guide (the “ Guide”) on oversight activities for critical Information and Communication Technology (ICT) third-party providers ( "CTPPs”) under the Digital Operational Resilience Act (
Latest Brochures
Sep 30, 2025SOPARFI
SOPARFI is the acronym for “ Société de Participations Financières”, the French term for “Holding company”. A SOPARFI is a commercial company fully subject to the general provisions of the company and tax law. The term SOPARFI is not a legal concept but describes a company that carries out a holding
Feb 12, 2024ELTIF in a nutshell
The ELTIF was created by Regulation (EU) 2015/760 on European Long-term Investment Funds of 19 May 2015 (and effective from 9 December 2015) (the “ ELTIF 1 Regulation”). The European Long-Term Investment Fund (“ ELTIF”) is a type of collective investment framework allowing investors to invest money
Jun 01, 2023BSP General Brochure
In this brochure you will find the description of all the activity that we can put in place for you. BSP is an independent full-service law firm based in Luxembourg, committed to providing the very best legal services to our domestic and international clients in all aspects of Luxembourg business
Mar 31, 2023Dispute Resolution Brochure
BSP’s dispute resolution practice assists domestic and international clients in a wide range of complex and high-stake and/or international disputes (litigation and/ or arbitration proceedings) in all major substantive areas of the law. Our dispute resolution team can be involved at every stage of
Jul 28, 2022RAIF | Reserved Alternative Investment Funds
This leaflet presents a focus on the Reserved Alternative Investment Fund (RAIF), a new and flexible alternative investment vehicle approved by the Law of 23 July 2016, which entered into force on 31 August 2016 (the RAIF Law). The RAIF Law creates a new type of unregulated fund which has many of
Jul 27, 2022Banking & Finance Brochure
BSP’s banking and finance team assists local and international market players on all regulatory and transactional aspects of Luxembourg banking and financial matters. Our lawyers are reputed for their extensive experience in bank lending, debt capital markets and structured finance, in particular
Latest Articles & Books
Aug 28, 2025Thomson Reuters Practical Law | Regulation of state and supplementary pension schemes in Luxembourg
Q&A guide to pensions law in Luxembourg. The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public
Jul 02, 2025International Gambling Laws & Regulations Review 2025-26
The Regulation of Gambling in Luxembourg Definition of Gambling under Luxembourg Law The legal framework of the Grand Duchy of Luxembourg adopts an implicit functional approach to the definition of gambling, without providing a single codified definition. The principal legislative source is the Law
Jul 02, 2025Luxembourg has room to grow in crypto
Paperjam Article and Video Luxembourg’s strong fund ecosystem positions it well for future growth in crypto and tokenisation. Despite this growth potential and regulations supporting this space, certain challenges persist. BSP partner and head of its Investment Management department Evelyn Maher
Jun 20, 2025LIR Luxembourg | Commentary on Article 10 of the New Insolvency Law of 2023
In the June 2025 edition of Legal Industry Reviews (LIR) Luxembourg, our Partner Fabio Trevisan and Carolina Vasselli examine Article 10 of the New Insolvency Law of 2023 through the lens of the District Court’s decision in TAL-2023-10225. Case study: District Court’s decision in TAL-2023-10225
May 30, 2025Thomson Reuters Practical Law | Arbitration procedures and practice in Luxembourg: overview
A Q&A guide to arbitration law and practice in the Luxembourg. The country-specific Q&A guide provides a structured overview of the key practical issues concerning arbitration in this jurisdiction, including any mandatory provisions and default rules applicable under local law, confidentiality
Mar 27, 2025Thomson Reuters Practical Law | Legal systems in Luxembourg: Overview
The Q&A gives a high-level overview of the key legal concepts including the constitution, system of governance and the general legislative process; the main sources of law; the court structure and hierarchy; the judiciary and its appointment and the general rules of civil and criminal litigation. To
Latest Videos
Sep 27, 2023Women in Law Series: Evelyn Maher
Sep 21, 2023Women in Law Series: Nuala Doyle
Sep 21, 2023Towards the modernisation of the Luxembourg fund industry
Sep 13, 2023Women in Law Series: Isabel Høg-Jensen
Sep 12, 2023BSP German Desk
Sep 12, 2023BSP Nordic Desk
