News & Articles

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…

07/10/22

Crowdfunding regulation | New ESMA Q&As

On 23 September 2022, ESMA updated its Questions and Answers ("Q&As") in relation to Regulation (EU) 2020/1503 of 7 October 2020 on European crowd…

07/10/22

Updated EU list of non-cooperative jurisdictions for tax purposes: Three jurisdictions added

On 4 october 2022, the council revised the eu list of non-cooperative jurisdictions for tax purposes (the “eu blacklist”) and added the bahamas, angui…

07/10/22

ESG in the banking and insurance sectors – New draft RTS on the disclosure of fossil gas and nuclear energy in…

On 30 September 2022, the three European Supervisory Authorities (the “ESAs”) submitted their Final Report on draft Regulatory Technical Standards (“R…

06/10/22

New CSSF FAQ on CBDF – Guidance on Marketing Communications

On 20 September 2022, the CSSF published a new CSSF FAQ on CBDF Marketing Communications (“CSSF FAQ”), the objective of which is to provide additional…

05/10/22

The Court of Justice of the European Union rules that a written contract may qualify as an invoice for VAT pur…

For those purposes, the agreement has to contain all the information necessary for control purposes by the tax authorities.

03/10/22

Energy and environmental challenges for undertakings: available State aid

On 15 July 2022, in response to the rise in energy prices caused by the war in Ukraine on the one hand, and to the push for stronger environmental pro…

29/09/22

Luxembourg agrees temporary VAT cut – here's what you need to know

In an effort to reduce the impact of inflation on households and businesses, the Luxembourg government met with trade unions on 28 September to agree …