Newsletters & Newsflashes

The Austrian Supreme Court referred a question to the European Court of Justice (the “ ECJ”) for a preliminary ruling. The question concerned whether Article 25(1) of Directive 2014/17/EU of 4 February 2014 on credit agreements for consumers relating to residential immovable property (the " MCD")

EU Regulation now applicable As of 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the “ DLT Pilot Regime Regulation”) is applicable (noting that certain provisions thereof were applicable from an earlier date). The DLT

Q&A regarding the DLT Pilot Regime On 3 February 2023, ESMA updated its questions and answers on the implementation of Regulation (EU) 2022/858 of 30 May 2022 on a pilot regime for market infrastructures based on distributed ledger technology (" DLT") (the “ DLT Pilot Regime Q&A”) with the addition

On 3 February 2023, ESMA updated its questions and answers on the implementation of Regulation (EU) 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC ( the “

On the 6 February 2023, the Grand-Ducal regulation of 3 February 2023 amending the amended Grand-Ducal regulation of 23 January 2003 executing the amended law of 19 December 2002 on the trade and company register (the “ TCR”) and the accounting and annual accounts of companies (hereinafter the “ GDR

Background On 24 May 2022, the Court of Appeal (the “ Court ”) rendered judgment No. 99/22 (the “ Judgment”) relating to the autonomy of a compartment of an umbrella investment company with variable capital ( Société d’Investissement à Capital Variable) (the “ SICAV”) subject to the Law of 13

On 23 December 2022, the Luxembourg Constitutional Court (the “ Court”) delivered Judgment No. 176 (the " Judgment") to clarify its position on the issues on the right to engage in commercial real estate speculation through subletting. What happened in facts? On 1 June 2002, a company (the " Lessee"

Strengthening the Luxembourg competition authority The law of 30 November 2022 on competition, as amended by the law of 17 March 2023 (the “ Law”), transposes Directive 2019/1 of 11 December 2018 to empower the competition authorities of the Member States to be more effective enforcers and to ensure

On 24 March 2023, the CSSF followed up on a press release published on 27 July 2022 announcing their intention to launch a data collection exercise related to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the “ SFDR”) and Regulation (EU) 2020/852

On 19 January 2023, the CSSF issued circular 23/829 (the " Circular") on the application of the guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (the “ Investment Firms Regulation”). The

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets (the " Law of 2022"), which entered into force on 5 July 2022, aims at completing the transposition of Directive 2014/42/EU of the European Parliament and of the Council of 3 April 2014 on the freezing and

On 20 March 2022, the Luxembourg law (draft law No. 8055) on distributed ledger technology (the " DLT Law") amending (i) the law of 5 April 1993 on the financial sector (the " Financial Sector Law"), (ii) the law of 5 August 2005 on financial collateral law (the " Financial Collateral Law") and (iii