News & Articles

19/05/23

Publication of Luxembourg law on whistleblowing

The law of 16 May 2023 (the “Law”) implements Directive (EU) 2019/1937 of the Parliament and of the Council of 23 October 2019 on the protection of pe…

17/05/23

ECOFIN Council reaches an agreement on DAC8

At yesterday’s ECOFIN meeting, the EU Council agreed on a general approach regarding foreseen amendments to the directive on administrative cooperatio…

17/05/23

The long march towards tax transparency: dac8 targets cryptos

On 16 May 2023, the EU Finance Ministers reached a political agreement (“general approach”) on new tax transparency rules for all service providers fa…

16/05/23

Protection of whistle-blowers: what you need to know about the new law

On 16 May 2023, Bill of law No. 7945 was exempted from the second constitutional vote, meaning that Luxembourg will soon have a whistleblowing law, wh…

12/05/23

Immigration: new restrictions on residence permits for personal reasons

From 12 May 2023, it will be harder for third-country nationals with no links to Luxembourg or the EU to obtain a residence permit for personal reason…

11/05/23

New bill of law for the modernisation and retailisation of Luxembourg fund solutions

10/05/23

The recent governmental proposals on amendments to the procedure governing direct taxation litigation in the G…

On 28 March 2023, the Finance Ministry sent Bill No. 8186, the provisions of which are aimed at amending and modernizing certain procedural aspects of…

08/05/23

Tax bits and pieces before the general election...

Although the Government still claims to be working at a widely called-for tax reform, and despite acknowledging the shortfalls of the antiquated Abgab…

05/05/23

EU Directive on non-performing loans: Luxembourg Bill introduces a framework for their transfer and a new PFS …

On 24 March 2023, a bill of law aiming, inter alia, at transposing Directive (EU) 2021/2167 on credit servicers and credit purchasers ("NPL Directive"…

04/05/23

Whistle-blower protection: first constitutional vote

Luxembourg will soon have a Whistle-blower Protection Law as theParliament voted the Bill of law no. 7945 on 2 May 2023 (first constitutional vote)

02/05/23

Clifford Chance appoints one Senior Counsel and three Counsel in Luxembourg

Leading international law firm Clifford Chance has appointed Sébastien Schmitz Senior Counsel and Peter Audesirk, Lauren Harris and Severina Käppeli…

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,…

27/04/23

Clifford Chance elects two new partners to the firm's partnership in Luxembourg

Leading international law firm Clifford Chance today announces the promotion of two new partners to the firm's partnership in Luxembourg. These promot…

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…

24/04/23

Question on the constitutionality of the minimum net wealth tax regime

In a judgement dated 18 April 2023 (docket n° 45910), the Lower Administrative Court (Tribunal administratif) referred to the Constitutional Court the…

20/04/23

Luxembourg government proposes amendments to tax procedures

On 28 March 2023, the government submitted to Parliament Bill of law no. 8186 amending the General Tax Law and introducing new provisions about transf…

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…