News & Articles

18/09/24

ESG Matters: M&A interactions with CSRD reporting

CSRD reporting has quickly become an important element of transparency requirements across the EU. Currently, only the largest listed companies are co…

17/09/24

Parliament approves long-awaited amendments to Luxembourg Labour Code

On 24 July 2024, the Luxembourg Parliament voted to approve the Act amending the Luxembourg Labour Code in accordance with the European Directive 2019…

13/09/24

CJEU judgment on Article 22 referrals: predictability and legal certainty restored?

A wave of relief swept through businesses within the competition law landscape as the Court of Justice invalidated the Commission’s merger review poli…

10/09/24

CJEU rules against Apple in landmark State aid case

On 10 September 2024, the Court of Justice of the European Union (CJEU) sided with the European Commission and ruled that two Irish subsidiaries of th…

09/09/24

Partial transfer of preliminary reference procedures to the General Court of the EU

As of 1 October 2024, following a recent amendment to Protocol No 3 on the Statute of the Court of Justice of the EU, preliminary reference procedures…

04/09/24

Corporate Sustainability Reporting Directive Update

While the transposition process of Directive (EU) 2022/2464 as regards corporate sustainability reporting (“CSRD”) is still ongoing in Luxembourg, the…

07/08/24

The ESAs the provide additional clarifications under SFDR

On 26 July 2024, the European Supervisory Authorities (the “ESAs”) published an updated version of the consolidated questions and answers (the “Q&…

06/08/24

New Luxembourg law on transparent and predictable working conditions: What does it mean for you ?

The law dated 24 July 2024 amending among others the Labour Code and implementing Directive (EU) 2019/1152 of the European Parliament and of the Counc…

06/08/24

ESMA’s long-term vision on the functioning of the Sustainable Finance Framework

A few weeks after the publication of the European Supervisory Authorities’ (the “ESAs”) joint opinion on the Sustainable Finance Disclosure Regulation…

02/08/24

New ESAs Joint Q&A on the practical application of the SFDR and ESMA Opinion on the Sustainable Finance Re…

31/07/24

Bill of law - Blockchain law IV aiming at facilitating the use of distributed ledger technology in demateriali…

On 24 July 2024, bill of law 8425 (the “Bill of Law”) was filed with Luxembourg Parliament.

31/07/24

The management of ESG risks by credit institutions pursuant to CRD VI

CRD VI Directive sets out further requirements regarding credit institutions’ practices for managing ESG risks.

26/07/24

The EU Commission publishes final RTS on ELTIF 2.0

On 19 July 2024, the European Commission (EC) published final regulatory technical standards (the Final RTS) under the amended ELTIF Regulation (so ca…

26/07/24

Sustainability in the banking sector

On 16 July 2024, the European Banking Authority (EBA) published a report on its review of the application of gender-neutral remuneration policies by i…

23/07/24

New regime relating to non-performing loans

The law of 15 July 2024 on transfer of non-performing loans (the “Law”) was published in the Official Journal of the Grand-Duchy of Luxembourg. It aim…

22/07/24

New tax package to strengthen Luxembourg's attractiveness

19/07/24

Corporate Sustainability Due Diligence Directive (CSDDD) published in the EU Official Journal

The CSDDD establishes mandatory due diligence requirements for large undertakings active across the EU with the aim of mitigating adverse impacts on t…

18/07/24

Commission Delegated Regulation on sustainability disclosures for STS securitisations enters into force

The Commission Delegated Regulation, supplementing Regulation (EU) 2017/2402 (the “Securitisation Regulation”[1]), entered into force on 8 July 2024 (…

17/07/24

New collective bargaining agreement for employees in the banking sector

The 2024-2026 collective bargaining agreement for the banking sector has been approved by the ABBL and union representatives from the OGBL, LCGB and A…

16/07/24

Sustainability in the life insurance sector – CAA Information Note on the sustainability engagement of life in…

On 2 July 2024, the CAA published Information Note 24/9 to present the results of its study on how life insurance undertakings incorporate sustainabil…