Newsletters & Newsflashes

With a view to align the national legislation with the EU legal framework on the issuance of covered bonds, the Luxembourg Minister of Finance submitted draft law 7822 (the “ Draft Law”) to the Luxembourg Parliament ( Chambre des Députés) on 7 May 2021. If adopted, the Draft Law will result in

On 21 May 2021, the Luxembourg law of 20 May 2021, transposing: Directive (EU) 2019/878 of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation

CONTEXT On 15 March 2021, the European Supervisory Authorities (“ ESAs”) published a joint consultation (“ JC”) paper on Taxonomy-related sustainability disclosures on new regulatory technical standards (“ RTS”) regarding content and presentation of sustainability disclosures under Articles 8(4), 9

On 3 March 2021, the European Banking Authority (EBA) issued its third Opinion on the risks of money laundering and terrorist financing affecting the European Union’s Financial Sector (the “ Opinion”). Both the European Securities and Markets Authority (ESMA) and the European Insurance and

On 26 March 2021, the three European supervisory authorities - European Banking Authority (EBA), ESMA and European Insurance and Occupational Pensions Authority (EIOPA), published Joint Questions and Answers (the “ Q&A”) relating to Regulation (EU) 2017/2402 of 12 December 2017 laying down a general

I. In a nutshell In a recent decision, the Court of appeal clarifies that it is for each Member State to decide for itself whether the enforcement of a foreign (non-EU country) decision would be contrary to its own public order, underlining that EU exequatur decisions granted by another Member State

On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to perform tasks or activities through Telework (as defined below) (“ Circular 21/769”). Scope of Circular 21/769 Following the significant increase in

On 8 January 2021, the Luxembourg Parliament voted to approve the Bill N°7547 (the “ Bill”) implementing new provisions (with effect as from 1 March 2021) related to tax deductions vis-à-vis interest and royalty expenses (the “ Law”) owed to affiliated corporations established in jurisdictions

In its judgment of 22 January 2021, the Luxembourg Constitutional Court had the opportunity to rule on the value of the principles of legal certainty, protection of legitimate expectations and non-retroactivity of laws when assessing the conformity of the law of 23 July 2016 amending, inter alia

Context The Luxembourg tax authorities have issued guidance regarding the new profit-sharing bonus model (i.e., the so-called “ prime participative”) in its Circular L.I.R. n°115/12 dated 11 February 2021 ( the “ Circular”). The prime participative had been introduced under the Luxembourg 2021

Context The Luxembourg Higher Administrative Court ( Cour Administrative) in a judgment rendered on 14 January 2021 (No. 44763C) confirms that the partial disposal of a business undertaking by an individual to third-parties should qualify as a transfer for consideration of part of a business