News & Articles

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…

26/04/21

The Consequences of Brexit for the Circulation of Artworks

Since 1 January 2021, new rules, including a free trade agreement(1), have governed the relationship between the European Union and the United Kingdom…

23/04/21

Circular CSSF 21/769 – Teleworking in supervised entities

On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Entities (as defined below) to …

22/04/21

Assurance Loyer garanti et subrogation de l'assureur

Tout propriétaire d’un immeuble donné en location peut souscrire une couverture d’assurance qui permet au propriétaire-bailleur d’être indemnisé des l…

21/04/21

Home working and other remote working options: New CSSF guidance released!

On 9 April 2021, the Commission de surveillance du secteur financier (“CSSF”) published valuable guidance on the governance and securit…

19/04/21

ECJ paves the way for broader application of VAT-group

The ‘M-GmbH’ ruling of the European Court of Justice (‘ECJ’), issued on 15 April 2021, paves the way for a broader application of the VAT group than m…

16/04/21

Regulatory changes in the audiovisual media sector

The Act of 26 February 2021 and certain grand ducal regulations have transposed into Luxembourg law the Audiovisual Media Services Directive (2018/180…

13/04/21

CSSF circular on governance and security requirements for teleworking

On 9 April 2021, the Commission de Surveillance du Secteur Financier (the « CSSF »), the Luxembourg financial supervisory authorit…

09/04/21

The revised Commission merger control referral mechanism – Practical considerations for Luxembourg M&A tra…

On 26 March 2021, the European Commission (the “Commission”) published “Commission Guidance on the application of the referral mechanism set out …

09/04/21

EU Recovery Prospectus: temporary fast-track to boost listed companies' COVID-19 recovery

In addressing the severe economic impact of the COVID-19 pandemic, the European legislator amended the existing Prospectus Regulation and introduced t…