News from and about the Luxembourg legal community, articles on legal and tax topics and legal library

24/05/22

Draft report on the Commission’s proposal to amend the AIFMD: key changes

On 16 May 2022, the draft report on the proposal for a directive of the European Parliament and of the Council amending Directives 2011/61/E…

23/05/22

DEBRA – The new EU tax initiative aiming at promoting a fair and sustainable business environment

Within the EU a widespread asymmetry exists between debt and equity financing. Usually, interest is tax deductible from the corporate income tax base …

20/05/22

Chronicle of a death foretold : the debt tax bias

The EU Commission published its already much-debated DEBRA proposal on 11th May 2022, in her move to re-vamp again the tax environment in which corpor…

19/05/22

CSSF Circular 22/811 - Authorisation and Organisation of Entities Acting as UCI Administrators

On 16 May 2022, the Luxembourg financial regulator (the "CSSF") released Circular 22/811 on the authorisation and organisation of entities acting as U…

18/05/22

CSSF Circular 22/810 - Pre-marketing and Cross-border Marketing Notification Procedures

On 12 May 2022, the CSSF published Circular 22/810 on the procedures to be followed by Luxembourg-based undertakings for collective investment in tran…

17/05/22

New CSSF Circular on UCI Administrators

The Commission de Surveillance du Secteur Financier issued a circular regarding the authorisation and organisation of entities acting as UCI administr…

17/05/22

EU Commission issues draft DEBRA directive providing a debt-equity bias reduction allowance

On 11 May 2022, the EU Commission issued a draft directive proposing a debt-equity bias reduction allowance (the “DEBRA Proposal”). The DEBR…

13/05/22

European Commission proposes a debt-equity bias reduction allowance (DEBRA)

On 11 May 2022, the European Commission published a Directive proposal to tackle the tax bias in favour of debt funding. The proposal includes both a …

09/05/22

Luxembourg regulator published a guidance for consumers in the context of virtual assets

On 27 April 2022, the CSSF published a guidance for consumers in the context of virtual assets (the “Guidance”). In the context of digital communicati…

06/05/22

Publication of the Commission Delegated Regulation (EU) with regard to regulatory technical standards on SFDR …

After the entry into force of the Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector on 10 March 2021 ("…

05/05/22

Central administration, internal governance and risk management requirements: CSSF update

On 22 April 2022, the Commission de Surveillance du Secteur Financier (the “CSSF”) issued the Circular CSSF 22/807 updating the amended…

05/05/22

Piercing the corporate veil of a Luxembourg limited liability company - Recent case law

On 3 April 2019, the Luxembourg court of appeal reiterated certain principles applicable for a claimant seeking to pierce the corporate veil of a Luxe…

04/05/22

Decision of the Court of Cassation on the deductibility of VAT incurred on general expenses

In a recent decision, the Luxembourg Supreme Court (Cour de cassation) rejected an appeal (pourvoi en cassation) lodged by Luxembourg VAT authorities …

04/05/22

Reform of the right of establishment in Luxembourg: what to expect?

On April 8, 2022, the Minister of Middle Classes submitted draft bill n°7989 amending the law dated September 2, 2011 regulating access to t…

03/05/22

Luxembourg financial regulator adopts new rules governing outsourcing arrangements

On 22 April 2022, the Commission de Surveillance du Secteur Financier (the "CSSF") published a set of documents on outsourcing arrangements …

03/05/22

Luxembourg regulator announces new requirements on central administration, internal governance and risk manage…

On 22 April 2022, the CSSF released Circular CSSF 22/807 which updates the Circular CSSF 12/552 on central administration, internal governance and ris…

29/04/22

New tax on Luxembourg real estate assets: first compliance deadline on 31 May 2022 for investment funds

On 20 January 2022, the Luxembourg tax authorities (the LTA) published the circular PRE_IMM n°1 (the Circular) which clarifies the provision…

28/04/22

Disproportion between costs and income does not prevent input VAT recovery

The Luxembourg Court of Cassation had the opportunity to adjudicate at last instance on a condition for the right to deduct VAT asserted by the Luxemb…

27/04/22

Inactivity in accounts, safe-deposit boxes and insurance contracts: a new era will now begin!

Following a lengthy parliamentary process, the new law on inactive (bank) accounts, safe-deposit boxes and unclaimed insurance contracts (the “La…

27/04/22

Revamped CSSF outsourcing guidance for the financial sector

On 22 April 2022, the Luxembourg financial regulator (the "CSSF") released Circular 22/806 on outsourcing arrangements (the "Circular"). By …

13/08/26

13/08/26

Luxembourg: can sickness absences justify dismissal?

11/08/26

11/08/26

Luxembourg housing package: enhanced real estate tax incentives, VEFA projects and affordable h…

04/08/26

04/08/26

Luxembourg to boost protection of participants in funded sub-participation agreements

06/08/26

EU Forced Labour Regulation: key aspects and practical impli…

27/07/26

CRD VI in Luxembourg: Grandfathering has ended

More News & Articles

24/05/22

Draft report on the Commission’s proposal to amend the AIFMD: key changes

23/05/22

DEBRA – The new EU tax initiative aiming at promoting a fair and sustainable business environment

20/05/22

Chronicle of a death foretold : the debt tax bias

19/05/22

CSSF Circular 22/811 - Authorisation and Organisation of Entities Acting as UCI Administrators

18/05/22

CSSF Circular 22/810 - Pre-marketing and Cross-border Marketing Notification Procedures

17/05/22

New CSSF Circular on UCI Administrators

17/05/22

EU Commission issues draft DEBRA directive providing a debt-equity bias reduction allowance

13/05/22

European Commission proposes a debt-equity bias reduction allowance (DEBRA)

09/05/22

Luxembourg regulator published a guidance for consumers in the context of virtual assets

06/05/22

Publication of the Commission Delegated Regulation (EU) with regard to regulatory technical standards on SFDR …

05/05/22

Central administration, internal governance and risk management requirements: CSSF update

05/05/22

Piercing the corporate veil of a Luxembourg limited liability company - Recent case law

04/05/22

Decision of the Court of Cassation on the deductibility of VAT incurred on general expenses

04/05/22

Reform of the right of establishment in Luxembourg: what to expect?

03/05/22

Luxembourg financial regulator adopts new rules governing outsourcing arrangements

03/05/22

Luxembourg regulator announces new requirements on central administration, internal governance and risk manage…

29/04/22

New tax on Luxembourg real estate assets: first compliance deadline on 31 May 2022 for investment funds

28/04/22

Disproportion between costs and income does not prevent input VAT recovery

27/04/22

Inactivity in accounts, safe-deposit boxes and insurance contracts: a new era will now begin!

27/04/22

Revamped CSSF outsourcing guidance for the financial sector

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