Newsletters & Newsflashes

The law of June 6 th 2018 on transparency of securities financing transactions (“ Law”) implements provisions of Regulation (EU) 2015/2365 on transparency of securities financing transaction and of reuse (“ Regulation”) relating to the imposition of sanctions for non-respect of the provisions of the

In a judgment dated June 6 th 2018, the District Court of Luxembourg ( le Tribunal d’Arrondissement de et à Luxembourg) made a mandat de protection future, under French law, enforceable, for the first time in the Grand Duchy of Luxembourg. The mandat de protection future is a protective measure

In a recent decision (No. 39382C dated May 29 th 2018), the Higher Administrative Court of Luxembourg expanded on the transfer by a taxpayer of business assets to its private wealth. The transfer and allocation of assets is generally of great significance for individuals undertaking commercial

On May 25 th 2018, the European Commission published a proposal for a directive on the detailed technical measures for the operation of the definitive VAT system for the taxation of trade between Member States (the “ Proposal”). The Proposal aims at amending the currently applicable VAT rules, laid

On May 18 th 2018 ( Case No. 00136), the Luxembourg Constitutional Court (hereinafter the “ Court”) decided on a referral for preliminary ruling by the Luxembourg City District Court in a case regarding valued added tax (hereinafter “ VAT”). The dispute concerned an action taken by a taxpayer

On May 25 th 2018, ESMA issued the updated version of its UCITS Q&A creating a new Section on “Remuneration”. ESMA clarified that the remuneration-related disclosure requirements under Article 69(3)(a) of the UCITS Directive also apply to the staff of the delegate of a management company to whom

Context Company law matters are regulated by the Luxembourg company law of August 10 th 1915 on commercial companies, as amended from time to time (the Law 1915) as well as some provisions of the Luxembourg civil code relating to certain Luxembourg legal entities. Amendments The Law 1915 has been

The Law of May 15 th, 2018 [1] (hereinafter: “ the Law”) modifies the New Code of Civil Procedure in order to implement in Luxembourg Regulation (EU) 2015/2421 of 16 December 2015 amending Regulation (EC) No. 861/2007 establishing a European Small Claims Procedure and Regulation (EC) No. 1896/2006

In May and June this year, the European Securities and Markets Authority (“ ESMA”) updated a number of its Q&A regarding the Markets in Financial Instruments Directive (recast) – Directive 2014/65/EU (“ MiFID II”) and Markets in Financial Instruments Regulation – Regulation 600/2014 (“ MiFIR”)

On May 18 th 2018, the Banque Centrale du Luxembourg (“ BCL”) released Circular BCL 2018/241 on new statistical data collection for non-regulated alternative investment funds (the “ Circular”). The purpose of the Circular is to inform non-regulated alternative investment funds of their reporting

On May 15 th 2018 the Luxembourg law transposing Directive 2014/65/EU on markets in financial instruments (“ MiFID II”) and Article 6 of the related Delegated Directive EU 2017/593 and implementing Regulation 600/2014 (“ MiFIR”), was adopted by the Luxembourg Parliament (the “ New Law”). The New Law

On March 8 th 2018, the European Commission released a new proposal for a European Regulation on European Crowdfunding Service Providers (“ CSP”) for Business (the “ Proposal”). The Proposal has come about due to the current lack of consistency across the European Union in the treatment of CSPs, and