News & Articles

11/11/22

Luxembourg temporarily reduces VAT rates

With the Luxembourg Parliament’s adoption of bill of law no. 8083 published on 26 October 2022, a 1% reduction of all VAT rates (except the super-redu…

10/11/22

EBA report on incorporating environmental, social and governance risks in the supervision of investment firms

On 24 October 2022, the European Banking Authority (“EBA”) released a report on incorporating environmental, social and governance (“ESG”) risks in th…

08/11/22

EU top court sides with Fiat in Luxembourg State aid case

On 8 November 2022, the Court of Justice of the European Union (“CJEU”) set aside the EU General Court’s judgment of 2019 and annulled the Commission’…

07/11/22

The act of 28 October 2022 on the procedure of administrative dissolution without liquidation comes into effec…

The Luxembourg act of 28 October 2022 introducing the procedure of administrative dissolution without liquidation (procédure de dissolution administra…

03/11/22

Luxembourg budget bill for 2023

On 12 October 2022, the Luxembourg Government has submitted the budget bill for 2023 n° 8080 for approval to the Chamber of Deputies (the 2023 Budget …

01/11/22

Digital Markets Act (DMA) comes into force on 1 November 2022

The Digital Market Act (DMA) was published in the Official Journal of the European Union on 12 October, and it will enter into force on 1 November. La…

28/10/22

Draft law on transparent and predictable working conditions: what practical implications for employers?

Following the proclamation of the European Social Rights Framework by the EU institutions in November 2017, Directive (EU) 2019/1152 on transparent an…

27/10/22

Covid-19: measures to combat the pandemic scaled down once again

Based on the encouraging situation in the Grand Duchy of Luxembourg, with a highly infectious but not very pathogenic variant and a largely immunised …

26/10/22

Introduction of a procedure of administrative dissolution without liquidation

Bill n°6539B creating a procedure for administrative dissolution without liquidation, was adopted on October 18, 2022 by the Luxembourg Parliament. Th…

24/10/22

Insurance regulatory update – New CAA Circular Letter 22/17 on notifications in case of cooperation requests b…

On 13 September 2022, the Commissariat aux Assurances (“CAA”) issuedthe Circular Letter 22/17 on notifications in case of cooperation requests by a fo…

20/10/22

Clarification by the CSSF regarding eligible entities for the opening of cash accounts in relation to Luxembou…

20/10/22

Administrative dissolution without liquidation now possible in Luxembourg

On 18 October 2022, the Luxembourg Parliament passed a law (the “Law”) introducing an administrative proceeding by which a company may be dissolved wi…

19/10/22

The Luxembourg Stock Exchange launches a new fast-lane procedure for Euro MTF listings

As a result of consultations with international stakeholders, the Luxembourg Stock Exchange (LuxSE) has launched a new fast-lane procedure for Euro MT…

18/10/22

New publications from the AED with regard to AML/CFT supervision of non-regulated AIFs (excluding RAIFs)

The Administration de l’enregistrement, des domaines et de la TVA (“AED”) has recently published on its website a new section dedicated to the anti-mo…

18/10/22

Focus on recent tax measures proposed by the government

The Luxembourg government filed three new bills in the week of 10 October 2022 concerning:the 2023 budget, housing supply reform, a temporary reductio…

17/10/22

Temporary suspension of evictions for residential leases

On 30 September 2022, the Government Council having regard to the inflationary pressures due to the current economic environment, which continues to w…

14/10/22

ESMA Guidelines on suitability updated to take into account sustainability factors, risks and preferences of t…

On 23 September 2022, ESMA released an updated version of its Guidelines on certain aspects of the suitability requirements as provided for under Dire…

12/10/22

Luxembourg 2023 budget: tax measures supporting competitiveness and technical changes

Amid global economic uncertainties, the Luxembourg government proposes in its 2023 budget bill released on 12 October 2022 to clarify the scope of the…

12/10/22

EIOPA calls for better value for money in credit protection insurance products and issues a warning to insurer…

On 4 October 2022, the European Insurance and Occupational Pensions Authority (“EIOPA”) published the results of a thematic review (the “Review”) on t…

11/10/22

5 things you need to know about the Unified Patent Court

After a great deal of discussion and years of preparation, the European patent landscape will soon change significantly with the introduction of the U…