News & Articles

26/07/24

The EU Commission publishes final RTS on ELTIF 2.0

On 19 July 2024, the European Commission (EC) published final regulatory technical standards (the Final RTS) under the amended ELTIF Regulation (so ca…

26/07/24

Sustainability in the banking sector

On 16 July 2024, the European Banking Authority (EBA) published a report on its review of the application of gender-neutral remuneration policies by i…

23/07/24

New regime relating to non-performing loans

The law of 15 July 2024 on transfer of non-performing loans (the “Law”) was published in the Official Journal of the Grand-Duchy of Luxembourg. It aim…

22/07/24

New tax package to strengthen Luxembourg's attractiveness

19/07/24

Corporate Sustainability Due Diligence Directive (CSDDD) published in the EU Official Journal

The CSDDD establishes mandatory due diligence requirements for large undertakings active across the EU with the aim of mitigating adverse impacts on t…

18/07/24

Commission Delegated Regulation on sustainability disclosures for STS securitisations enters into force

The Commission Delegated Regulation, supplementing Regulation (EU) 2017/2402 (the “Securitisation Regulation”[1]), entered into force on 8 July 2024 (…

17/07/24

New collective bargaining agreement for employees in the banking sector

The 2024-2026 collective bargaining agreement for the banking sector has been approved by the ABBL and union representatives from the OGBL, LCGB and A…

16/07/24

Sustainability in the life insurance sector – CAA Information Note on the sustainability engagement of life in…

On 2 July 2024, the CAA published Information Note 24/9 to present the results of its study on how life insurance undertakings incorporate sustainabil…

16/07/24

Luxembourg NPL legislation and clarifications in respect of the Financial Collateral Law

On 3 July 2024, the draft law No. 8185 (the “Draft Law”) has been voted on for the first time before the Luxembourg Parliament (Chambre des Députés). …

12/07/24

A storm in a teacup: no VAT on transactions within a VAT group

The ECJ confirms that supplies made between members of a VAT group are not subject to VAT. This ruling is a very welcome confirmation of the long-stan…

12/07/24

AML/CFT | The EU Comprehensive Package: essential takeaways

On 19 June 2024, the European Parliament and Council published the new anti-money laundering and countering the financing of terrorism (“AML/CFT”) pac…

10/07/24

DLA Piper announces strategic leadership appointments in Luxembourg

Global law firm DLA Piper has announced the promotions of two business operations professionals to new roles within its Luxembourg office.

09/07/24

ESAs’ final reports on Greenwashing in the financial sector

Mandated by the European Commission (the “EC”) in May 2022, the European Supervisory Authorities (“ESAs”) published their individual final report (the…

08/07/24

VAT law changes on 1 January 2025

On 1 July 2024, the Luxembourg government introduced bill of law 8406 into Parliament to implement various EU law changes into Luxembourg VAT law with…

04/07/24

DORA implementation in Luxembourg

The Luxembourg law implementing certain aspects of the Digital Operational Resilience Act (DORA) and implementing Directive 2022/2556 has just been pu…

03/07/24

Publication of the Luxembourg DORA Law

On 2 July 2024, the law of 1 July 20241 relating to DORA (DORA Law) was published in the Official Journal of Luxembourg. It will enter into force on 1…

01/07/24

Transparent and predictable working conditions: Modification of the Labour Code

The Chamber of Deputies finally proceeded to the first vote on 26 June 2024 for the bill 8070 amending the Labor Code. The purpose of this bill is to …

25/06/24

Market Abuse Regulation (MAR): Ensuring Fair and Transparent Markets

25/06/24

ESAs propose improvements to the SFDR and suggests introducing categories and/or sustainability indicators

On 18 June 2024, the three European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively known as the ESAs) published an opinion (the Opinion) …

24/06/24

Global minimum taxation (Pillar 2) in Luxembourg: new bill of law implements 2023 OECD guidance

On 12 June 2024, the Luxembourg government presented a bill of law to incorporate clarifications and technical provisions resulting from the OECD’s Pi…