Newsletters & Newsflashes

As previously stated in our newsflash dated 19 March 2020 (as updated), the Luxembourg Government has agreed on an “exceptional measure” with the Belgian, French and German Governments regarding the taxation of Belgian, French and German cross-border commuters normally working in Luxembourg and now

On 14 October 2020, the Luxembourg Finance Minister presented its presented 2021 draft Budget Bill (hereinafter the “ Draft Law”), which includes a number of amendments to the Luxembourg tax system affecting both companies, investment vehicles and individuals. TAX EQUITY AND SOLIDARITY The Draft Law

Commission Delegated Regulations amending the Prospectus RTS Regulation Published on 14 September 2020 in the Official Journal of the EU, Commission Delegated Regulation (EU) 2020/1272 brought several modifications to Commission Delegated Regulation (EU) 2019/979 of 14 March 2019 supplementing

The EU Recovery Prospectus has been proposed by the European Commission in direct response to the Covid-19 pandemic The goal of the proposed Regulation which would amend Regulation (EU) 2017/1129 (the “ Prospectus Regulation”) as regards the EU Recovery prospectus and targeted adjustments for

On 17 September 2020, Advocate General Szpunar published his opinion in the case C-288/19 of the European Court of Justice (" ECJ") regarding the VAT regime applicable to the private use, by employees, of company cars. In the case at hand, a company established in the Grand Duchy of Luxembourg had

In its judgment handed down on 25 September 2020, the Lower Administrative Court ( Tribunal Administratif) considered the scope of hidden dividend distributions under Luxembourg law. In the case at hand, the taxpayer (a company) had booked in its 2013 and 2014 financial accounts provisions for

CONTEXTE Alors que la pandémie de coronavirus continue à avoir un impact sur la bonne gouvernance des sociétés et autres entités juridiques, le projet de loi 7673 (le Projet de Loi) propose l'extension des mesures permettant aux sociétés et entités juridiques qui y sont énumérées de tenir leurs

CONTEXT While the coronavirus pandemic situation continues to have an impact on the sound governance of companies and other legal entities, the bill of law 7673 (the Bill) suggested the extension of the measures enabling the companies and legal entities listed therein to hold their general meetings

On 15 July 2020, ESMA published its final report on guidelines on disclosure requirements (the “ Guidelines”) under 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 (the “ Prospectus

On 7 August 2020, the CSSF issued an updated version of its Frequently Asked Questions concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment schemes (the “ UCITS Law” and the “ FAQ”). With this update (the ninth) CSSF introduces a new FAQ (1.13 FAQ)

Introduction: At this is stage, it is unquestionable that the Luxembourg law of 10 July 2020 on professional payment guarantees (the “ PPG Law”) is one of the main ground-breaking innovations in Luxembourg financial law over the last decade. In our last newsletter edition , published on 1 July 2020

Regulations amending CSSF Regulation 12-02 of 14 December 2012 and Grand Ducal Regulation of 1 February 2010 on the fight against money laundering and terrorist financing CSSF Regulation 20-05 of 14 August 2020 (“ CSSF Regulation”) amending CSSF Regulation No 12-02 of 14 December 2012 on the fight