News & Articles

02/05/23

DAC8: EU extends administrative cooperation to crypto-assets

On 8 December 2022, the EU Commission adopted a new proposal for a Directive, the so-called “DAC8” (hereafter referred to as the “DAC8 Proposal” or “t…

28/04/23

Luxembourg Administrative Tribunal rules on the tax treatment of share class redemptions

The share capital of Luxembourg companies may be divided into different classes of shares that provide the shareholder(s) with different rights. Here,…

26/04/23

New AML package is now close to the final stage

On 19 April 2023, the EU Parliament announced the approval of its negotiating mandate for three of the four proposed pillars of the much-anticipated n…

25/04/23

CSSF supervisory priorities in sustainable finance

On 6 April 2023, the Commission de surveillance du secteur financier (the « CSSF ») published its supervisory priorities in sustainable finance, which…

19/04/23

Sustainable Finance update (asset management)

On 5 April 2023, the European Commission published its response to eight questions on the interpretation of SFDR that were submitted by the ESAs to th…

18/04/23

EU Commission answers ESA questions on SFDR interpretation

In September 2022, the ESAS jointly submitted questions to the eu commission about the interpretation of the SFDR. the answers to those questions have…

13/04/23

Proposal for a Directive to prevent misuse of shell entities (ATAD 3) and the amendments proposed by the Europ…

In mid-January 2023, the European Parliament approved the European Commission’s draft directive to prevent misuse of shell entities for tax purposes (…

12/04/23

Blockchain Law III: strengthening the rules on collateral over digital assets

The Luxembourg parliament voted bill of law no. 8055 on certain aspects of the dlt pilot regime into law on 14 march 2023. it introduces specific rule…

06/04/23

ECJ case C-555/21 | Consumer's right to early repayment under the MCD

The Austrian Supreme Court referred a question to the European Court of Justice (the “ECJ”) for a preliminary ruling. The question concerned whether A…

05/04/23

DLT | Significant developments at EU and national level

As of 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the “DLT Pilot Regi…

04/04/23

Luxembourg Administrative Tribunal rules on the tax treatment of share class redemptions

The share capital of Luxembourg companies may be divided into different classes of shares that provide the shareholder(s) with different rights. Here,…

29/03/23

The CSSF launches SFDR data collection for Luxembourg investment funds

28/03/23

Modernising the Luxembourg fund toolbox

Luxembourg further increases the attractiveness and competitiveness of its financial centre through targeted improvements to the Luxembourg fund rules…

24/03/23

Bill of law – Modernization of the Luxembourg Investment Funds Toolbox

On 17 March 2023, the Chambre des Députés issued a first draft of a new bill amending the five sectoral laws regulating funds in Luxembourg.

23/03/23

New DLT Pilot Regime arrives in Luxembourg

On 23 march 2023, both the dlt pilot regime and the blockchain law iii will become applicable.

13/03/23

Implementation of the DLT pilot regime in Luxembourg – Blockchain law III

On 9 March 2023, bill of law 8055 laying down rules for the application of Regulation (EU) 2022/858 on a pilot regime for market infrastructures based…

07/03/23

EFRAG educational videos on draft European Sustainability Reporting Standards

Following the entry into force of the CSRD in January 2023, EFRAG has released a series of videos to educate stakeholders about ESRS.

03/03/23

Luxembourg RBE: New procedure for entities to access their own RBE data

Following the judgment of the Court of Justice of the European Union of 22 November 2022 confirming the invalidity of the general public’s access to i…

22/02/23

ESG obligations for companies other than financial market participants in Luxembourg

ESG stands for environmental, social, and governance (ESG) considerations. These are the criteria used to establish how sustainable a company’s busine…

17/02/23

“Alphabet Shares” and partial liquidation: not the final word yet …

The Administrative Court of Luxembourg issued an interesting ruling on 27th January 2023, in a case involving the purchase of an entire class of its o…