COVID-19 | Luxembourg Law Updates

This section is intended as a general discussion on the latest topics concerning Covid-19 and the Luxembourg Law.

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AML

• Annual AML Survey - Deadline Extended

BANKING & FINANCE

• State Guarantee Scheme for Bank Loans Granted to Companies in Temporary Distress because of the Covid-19 Crisis

CAPITAL MARKETS | CORPORATE AND M&A

• Esma Public Statement on Implications of the COVID-19 Outbreak on Half-year Financial reports

• Waiver listing fees for Covid-19 response bonds

• ESMA requires net short position holders to report positions of 0.1% and above

• CSSF Disclosure of information (Transparency Law – MAR)

• Deadline extension for holding of annual general meetings of European Companies (SEs) and European Cooperative Societies (SCEs)

• Prolongation du délai pour la tenue des assemblées générales annuelles des sociétés européennes (SEs) et des sociétés coopératives européennes (SCEs)

CORPORATE GOVERNANCE

• [30/10/2020] New Rules until the Year End

• [24/09/2020] Holding Meetings in companies

• COVID-19 | Electronic Signature

• COVID-19 | Impact on Corporate Governance for the Luxembourg Companies

• LBR availability and extension deadline for filing annual accounts

EMPLOYMENT, BENEFITS & COMPENSATIONS

• [NEW 08/02/2021] New Terms of Leave for Family Reasons

• New Arrangements for Short-time working beyond the State of Crisis

• Extension of Immigration Deadlines and Imposition of Temporary Travel Restrictions

• COVID-19 | CSSF Communication on Measures for Return to on-site Work

• COVID-19 | What is the Impact on the Free Movement of Persons?

• COVID-19 | Managing the risk of contamination in the workplace

GENERAL COMMERCIAL

• COVID-19 | Impact on logistics in Luxembourg: latest developments

INSOLVENCY & RESTRUCTURING

• COVID-19 | Impact on Insolvency Proceedings in Luxembourg

• COVID-19 | Impact sur les Procédures d'Insolvabilité au Luxembourg

INVESTMENT FUNDS

• [Updated on 18/05] COVID -19 | CSSF recommendations for organisational set up of supervised entities

• CSSF Communication on IFM notification of fund issues and large redemptions

• SFTR Reporting

• UCITS Investment Breaches - Update to CSSF FAQ

• [Updated on 07/05/2020] CSSF Circular 20/740 | Financial Crime and AML/CFT Implications during the Covid-19 Pandemic

• Weekly CSSF Questionnaire for Investment Fund Managers

• [Updated on 12/05/2020] Statutory Reporting – Temporary Extensions

• [Updated on 09/06/2020] Investment Funds | Extension of the CSSF's Deadlines

• Swing Pricing Mechanism - Update to CSSF FAQ

• The CSSF Communication on Complaints Handling

• ESMA recommends action by financial market participants for COVID – 19 impact

REAL ESTATE & CONSTRUCTION

• COVID-19 | Commercial and Residential Lease Arrangements

• COVID-19 | Les Dispositions Prises en Matière de Bail Commercial et de Bail d’Habitation

• Lutte Contre la Propagation du Covid-19 | Dispositions Applicables au Domaine de la Construction : Quelles Consequences sur les Contrats en Cours ?

TAX

• OECD publishes analysis of Tax Treaties and the impact of Covid-19 on Permanent Establishments, Cross-Border Workers and Tax Residence Issues

• [Updated on 29/06/2020] | Tax measures tackling the economic impacts of the COVID-19 crisis

• Suspension of deadlines set for proceedings before Luxembourg courts