News & Articles

28/03/24

Luxembourg Tax Administration publishes FAQ on Pillar Two transition rules regarding deferred tax assets and l…

On 25 March 2024, the Luxembourg Tax Administration (“LTA”) published an FAQ aiming to clarify the application of the law of 22 December 2023 transpos…

27/03/24

Good work takes time: AIFMD 2 and UCITS 6 are about to enter into force

With the publication of the directive amending the AIFMD and the UCITS directive, legislative amendments to the AIFMD and the UCITS directive reflecti…

25/03/24

Publication in the Official Journal of the European Union of the Regulation on instant credit transfers

On 19 March 2024, Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) (i) No 260/2012 es…

19/03/24

After many postponements, the Council of the European Union reached an agreement on the Corporate Sustainabili…

As part of the European Green Deal, the European Commission proposed the Corporate Sustainability Due Diligence Directive (“CSDDD” or the “Directive”)…

19/03/24

MiCAR Levels 2 and 3 measures – where do we stand?

Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (“MICAR”) will enter into applicati…

18/03/24

Impact of the Luxembourg Pillar 2 rules on 2023 annual and consolidated accounts

In February and march 2024, the Luxembourg accounting standards board (CNC) published two Q&As that provide useful guidance on the impact of the p…

18/03/24

No impairment of the EC’s impartiality: ECJ upholds Scania judgment

In its judgment of 1 February 2024, the ECJ dismissed Scania’s appeal in its entirety and upheld the Commission’s fine of EUR 880.5 million for Scania…

17/03/24

Luxembourg: Opening of a judicial reorganization procedure, any risk of abuse?

The Act of 7 August 2023 on the preservation of businesses and the modernization of bankruptcy law, which came into force on 1 November 2023 ("Act"), …

15/03/24

Luxembourg restructuring and insolvency: a guide to security

In this article, partner Bertrand Géradin and managing associate David Al Mari from Ogier’s Restructuring and Insolvency team in Luxembourg provide a …

15/03/24

Proposed amendments to ELTIF 2.0 draft technical standards mitigate the challenges

The EU Commission endorses the objective of the ELTIF regulatory reform and supports efforts to further increase the ELTIF’s attractiveness. taking th…

14/03/24

Commission steers market definition to the 21st century

The European Commission has updated its guidance on how to define relevant markets for the purpose of EU competition law enforcement. The revised Mark…

12/03/24

Adoption of MiFID 3 and MiFIR 2 to enhance transparency on markets in financial instruments

On 8 March 2024, Regulation 2024/791 amending Regulation (EU) No 600/2014 (MiFIR) and Directive 2024/790 amending Directive 2014/65/EU (MiFID 2) on ma…

12/03/24

Launch of coordinated enforcement action on the right of access

On 28 February, the European Data Protection Board (EDPB) launched its Coordinated Enforcement Framework (CEF) action for 2024. This year, the Luxembo…

11/03/24

New EU regulation of loan origination by funds

On 26 February 2024, the EU Council adopted new rules amending the EU Alternative Investment Fund Managers Directive (AIFMD II). In this blog, our Fin…

05/03/24

EU adopts 13th package of restrictive measures against Russia

On 23 February 2024, the Council of the EU adopted its thirteenth package of restrictive measures against Russia, which supplements those discussed in…

01/03/24

Understanding AIFMD II: loan origination

The long-awaited amendments to directive, (the AIFMD II[2]) were adopted by the European Council on 26 February 2024 and will enter into force 20 days…

01/03/24

CAA Information Note on concept of insurance intermediary in group insurance contracts

On 24 January 2024, the Commissariat aux Assurances (CAA) published Information Note 24/1 on the concept of insurance intermediary in the context of g…

29/02/24

Amendments to Directive 2011/61/EU on alternative investment fund managers have been formally approved

On 26 February 2024, the Council of the European Union officially approved amendments to Directive 2011/61/EU on alternative investment fund managers …

27/02/24

The Bahamas, Belize, the Seychelles & the Turks and Caicos Islands removed from the EU list of non-coopera…

16/02/24

CSSF publishes updated money-laundering/terrorist financing risk assessment for the private banking sector

On 7 February 2024, the Luxembourg supervisory authority for the financial sector (Commission de Surveillance du Secteur Financier, “CSSF”) released t…