News & Articles

02/06/21

Implementation of new EU framework relating to covered bonds

A draft bill (7822/00) relating to the issuance of covered bonds was recently deposited to implement EU Directive 2019/2162/EU1 into Luxembourg l…

01/06/21

La CJUE sanctionnée

Le Contrôleur Européen de la Protection des Données (EDPS) a reçu une plainte d’une personne concernée contre la Cour de Justice de l’Union Européenne…

28/05/21

Bill amending the Luxembourg Securitisation Act published

Bill No 7825 (the Bill), which aims, amongst other things, to amend the Act of 2 March 2004 on securitisation, as amended, was submitted to the C…

27/05/21

EU Commission proposes a new tax framework

On 18 May 2021, the EU Commission published a Communication on Business Taxation for the 21st century (“the Communication”).

26/05/21

Securitisation: a bill of law in favour of greater flexibility

On 21 May 2021, a bill of law amending the law of 22 March 2004 on securitisation (the “Bill of Law”) was presented to the Chamber of Deputies.

24/05/21

Why Luxembourg became attractive for SPAC sponsors

Following the boom of special purpose acquisition companies (“SPACs”) or “blank check companies” in the United States, SPACs have also gained momentum…

21/05/21

Update on the proposed Non-Performing Loans Secondary Market Directive

In 2018, the European Commission adopted the proposal for a Directive of the European Parliament and of the Council on credit servicers and credit pur…

21/05/21

European Commission wants a unified tax rulebook for companies: is it realistic?

On 19 May 2021, the European Commission released a Communication, “Business taxation for the 21st Century”, which sets out both a short-term and a lon…

20/05/21

Far-reaching EU tax reform plans announced: what they could mean for corporate taxpayers

On 18 May 2021, the European Commission issued a communication on “Business Taxation for the 21st Century”. The announcements made therein are expecte…

17/05/21

Sustainable taxonomy in the aviation sector: European Commission publishes Steer’s study on projects and inves…

In the aviation sector, identifying "green" economic activities and projects is not an easy task. The European Commission has published Steer's study …

17/05/21

Sustainable Finance Disclosure Regulation - navigating implementation

From 10 March 2021 the Sustainable Finance Disclosure Regulation (SFDR) required Fund and Asset Managers to disclose a significant amount of new infor…

13/05/21

Portugal suspends the transfer of data to the United States

On 27 April, the Comissão Nacional de Proteção de Dados (CNPD), Portugal’s national data protection authority ordered the National Institue of Statist…

12/05/21

EU lower court annuls State aid decision in Amazon case but upholds finding of State aid in ENGIE case

On 12 May 2021, the General Court of the EU issued its judgments concerning the appeals brought by Amazon and Luxembourg, respectively ENGIE and Luxem…

11/05/21

Luxembourg impact of EU Commission's new guidance on EU merger control referrals

What's new? In a Communication of 26 Mars 2021, the European Commission published new guidance on the application of the referral mecha…

10/05/21

New Retail Investment Strategy for the EU

Harmonised rules, digital innovation and focus on suitability

04/05/21

Luxembourg Competition Council willing to review and refer M&A transactions to the European Commission

On 29 April 2021, following the release of the widely commented European Commission guidance on Art. 22 of the EU Merger Regulation (EUMR), the L…

03/05/21

Digital Green Pass: EU data protection authorities’ position

On 31 March 2021, the European Data Protection Board (the EDPB) and the European Data Protection Supervisor (the EDPS, together the Aut…

30/04/21

An exequatur judgment does not circulate inside EU Member States – “Exequatur sur Exequatur ne vaut”

In a recent decision, the Court of appeal clarifies that it is for each Member State to decide for itself whether the enforcement of a foreign (non-EU…

30/04/21

New Circular regarding the mutual agreement procedure provided by double tax treaties signed by Luxembourg

29/04/21

Insufficient cybersecurity measures under GDPR: 100k EUR fine in Belgium & key fines elsewhere

On 26 April 2021, the Litigation Chamber of the Belgian Data Protection Authority (BDPA) handed down its first fine specifically for cybersecurity fai…