News & Articles

The perfect place for any legal or tax professional to keep abreast of everything that’s happening on the Luxembourg legal scene

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AMLD6 – EU unveils tougher anti-money laundering rules: key highlights

AMLD6 is set to address the organisation of the institutional AML/CFT framework at national level. The new directive transfers the rules applying to the private sector from AMLD6 t…

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Ogier strengthens Luxembourg banking and finance team

Real estate and private equity specialist Delphine Gomes has joined Ogier's Banking and Finance team in Luxembourg as counsel, bringing more than a decade of experience in cross-bo…

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07/11/24
Latest developments in Luxembourg’s CSRD implementation proc…

Luxembourg’s Parliament recently amended the bill of law implementing the C…

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04/11/24
New EU proposal to simplify Pillar 2 filing obligations for …

On 28 October 2024, the EU Commission published a proposal to amend the dir…

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Each day we publish several articles written by legal and tax specialists from law firms, notaries offices, the legal departments from payroll agencies and tax consultants.

It is the perfect way for lawyers at the Bar, in-house counsel, barristers, solicitors, notaries, bailiffs, paralegals and any other legal professional with an interest in Luxembourg and European law to keep informed of new legislative initiatives, case law, legal doctrine and all other legal developments on the Belgian legal scene!

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UK FCA temporary permissions regime notification for EEA firms and fund managers

Following the announcement of the UK government at the end of last year of its intention to introduce a temporary permissions regime (TPR) for inbound…

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Les clauses portant sur le droit de vote dans les pactes d’actionnaires

Dans nos précédents cahiers de MNKS (qui deviennent désormais les cahiers de PwC Legal) consacrés aux conventions d’actionnaires[1], nous avons briève…

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Luxembourg to Set Up Central Register of Beneficial Owners

On December 18, 2018 the Luxembourg Parliament adopted Draft Bill of Law n° 7217 providing for the establishment of a Register of Beneficial Owners to…

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The Luxembourg register of beneficial owners (“BOs”) for legal entities, here it comes!

On 18 December 2018, the bill of law 7217 setting up a register of BOs of Luxembourg legal entities (the so-called “RBE”) has been passed in Parliamen…

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Luxembourg law implementing Directive EU 2015/849 - creation of a central register of beneficial owners of com…

Yesterday, the Luxembourg Parliament adopted the law creating a central register of beneficial owners of companies and legal entities (the “Law”). Thi…

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Brexit: What does the Withdrawal Agreement mean for financial services?

On 13 November 2018, the EU and UK negotiators reached an agreement on the conditions for the withdrawal of the UK from the EU (the Withdrawal Agreeme…

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The clauses relating to the exercise of power within the company

In our previous « MNKS booklet » dedicated to shareholders’ agreements[1], we briefly described the main contractual and statutory clauses t…

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The Luxembourg registers of beneficial owners (“BOs”) expected soon, so get ready!

The enactment on 30 May 2018 of EU Directive 2018/843 on the prevention of the use of the financial system for the purposes of money laundering or ter…

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Interesting changes in relation to applicable cooperation requirements with the Luxembourg Financial Intellige…

Professionals subject to the law of 12 November 2004 relating to the fight against money laundering and terrorist financing, as amended (the AML …

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LuxSE Securities Official List (SOL)

Since 12 January 2018, the Luxembourg Stock Exchange (LuxSE) has allowed the admission of securities, as defined by the LuxSE rulebook (the Ruleb…

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Capital Call Facilities – LPA and side letter review

"Capital call" facilities (also known as "subscription line" facilities) are facilities made available to funds (often on a revolving credit basis and…

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Focusing on Funds - AIFMD pre-marketing proposals

This Focusing on Funds update looks at the hot topic of funds marketing and proposals for a pre-marketing regime for alternative investment funds.&nbs…

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Money Market Funds | CSSF FAQ

The CSSF published its first Frequently Asked Questions (“FAQ”) concerning the Money Market Fund Regulation (“MMFR”) on August 28th 201…

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Fallback benchmarks for main IBORs: consultation published by ISDA

ISDA, the International Swaps and Derivatives Association, is planning to amend certain “floating rate options” in the 2006 ISDA Definitions in order …

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Amendment of the Law of August 1st 2001 on the Circulation of Securities

The law of August 1st 2001 (the “2001 Law”) on the circulation of securities and other financial instruments was already, historically, an import…

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Law of August 31st 2018 Concerning Societal Impact Companies

On September 14th 2018, the Law of August 31st 2018 (hereafter the “Law”) was published in the Luxembourg Memorial A. The Law entered into f…

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AML Law on information from fiduciaries

The Law of 10 August 2018 relating to the information to be obtained and held by fiduciaries transposes into national law the provisions und…

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Renewable energy covered bonds

By the Law of 22 June 2018 , the Luxembourg legislator introduced renewable energy covered bonds through a modification of the relevant prov…

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The Luxembourg SPF: A private wealth management company of choice

The Luxembourg private wealth management company (hereafter: SPF – société de gestion de patrimoine familial), governed by the Law of 11 May 2007, is …

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Access to AML information on taxpayers by Luxembourg tax authorities

On 10 August 2018 new provisions entered into force in national law to allow the Luxembourg tax authorities to have access to information on taxpayers…

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