News & Articles

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…

07/04/21

Climate-Aligned Issuers now displayed on the Luxembourg Green Exchange

The Luxembourg Green Exchange has recently added to its labelled bond section, a brand-new section dedicated to Climate-Aligned Issuers, built on the …

07/04/21

Further specifications to the AML Law

In order to perfect the transposition into Luxembourg law of the fourth EU AML Directive 2015/849, in line with GAFI recommendations, the Law of 12 No…

02/04/21

Snapshot: SPACs - the Luxembourg alternative

While SPACs have existed for decades on public markets, a revival seems to be taking place, with SPACs representing about 60 percent of IPOs in the US…

01/04/21

Welcomed clarification on the financial assistance measures applicable to Luxembourg Sàrls

A welcomed clarification on the financial assistance regime applicable to private limited liability companies (société à responsabilité limitée, …

31/03/21

Rapport final sur les normes techniques de réglementation (RTS) par les autorités européennes de surveillance

Les autorités européennes de surveillance enrichissent le puzzle de l’environnement règlementaire de la finance durable par l’apport de nouvelles pièc…

31/03/21

Luxembourg competition law update

Several decisions and judgments in the competition law field over the last quarter are noteworthy. A link to the 2020 Annual Report of the Competition…

27/03/21

PSF advice to the European Commission on transition activities in the taxonomy

On 19 March 2021, the Platform on Sustainable Finance (“PSF”) delivered its advice on transition financing requested by the Commission&…

26/03/21

Council of the EU adopts DAC7

DAC7 extends the existing EU tax transparency rules to digital platforms. Broadly speaking, it requires platform operators to report information on in…